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Hata Raises $8 Million Series A Led by Bybit

Hata Raises $8 Million Series A Led by Bybit

The Malaysia digital asset exchange says it is licensed by the Securities Commission Malaysia (Malaysia capital markets regulator) and Labuan Financial Services Authority (Labuan offshore financial regulator) and has reached 209,000 registered users since its 2023 launch.

Fact Check
The strongest available source trail points to the PR Newswire announcement "Hata Completes US$8 Million Series A Financing Led by Bybit," which is directly referenced by "Bybit leads $8 million Hata round as Malaysia expands digital asset rules." The PANews article independently includes the additional details in the claim: Hata is licensed by the Securities Commission Malaysia and Labuan Financial Services Authority and has more than 209,000 registered users since its 2023 launch. The Odaily flash matches the funding and dual-licensing points. The official Securities Commission Malaysia page "List of Registered Digital Asset Exchanges - Recognized Markets" provides regulatory corroboration for Hata's SC Malaysia status. I could not directly fetch the PR Newswire or SC page body due tool limits, so confidence is medium rather than high, but the available evidence is consistent and there is no retrieved contradiction.
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Terms & Concepts
  • Series A: An early-stage fundraising round used by growing companies to expand operations, products, and market reach.
  • Digital asset exchange: A trading platform where users buy, sell, and hold cryptocurrencies and other tokenized assets.
  • Licensed exchange: A platform authorized by regulators to operate under defined compliance, custody, and market conduct rules.