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Bybit CEO on how stablecoins and RWAs are powering the next era of finance

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  Published in Business and Finance on Tuesday, October 7th 2025 at 8:49 GMT by Finbold | Finance in Bold
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Bybit CEO Explains How Stablecoins and Wrapped Real Assets (WRAs) are Shaping the Future of Finance

In a recent interview published on FinBold, Shuo Zhang, the Chief Executive Officer of Bybit, laid out his vision for the next evolution of the financial ecosystem. According to Zhang, the dual forces of stablecoins and Wrapped Real Assets (WRAs) are converging to create a more inclusive, liquid, and transparent market that bridges the gap between traditional finance and the decentralized world.

1. Stablecoins: The “Digital Dollar” of Tomorrow

Stablecoins—cryptocurrencies pegged to fiat currencies or a basket of assets—have moved from niche speculation to a foundational layer of modern finance. Zhang highlights several key aspects that have driven their adoption:

Zhang cites the success of the U.S. dollar‑backed stablecoins—USDC, USDT, and DAI—as proof of concept. These assets now underwrite major DeFi protocols, NFT marketplaces, and even central bank digital currency (CBDC) pilots. Bybit’s own ecosystem already integrates several stablecoins, providing users with instant settlement and reduced slippage.

2. Wrapped Real Assets (WRAs): Tokenizing the Physical World

WRAs are tokenized representations of real‑world assets (e.g., real estate, equities, commodities) that are “wrapped” onto a blockchain. Zhang argues that WRAs bring the following advantages:

1. Fractional Ownership – Investors can purchase a fraction of high‑value assets, dramatically lowering entry barriers.
2. Transparency – Blockchain’s immutable ledger ensures verifiable provenance and auditability.
3. Liquidity – Tokenized assets can be traded 24/7, unlike their on‑paper counterparts that require brokers or exchanges.
4. Cross‑border Accessibility – Investors worldwide can access assets that were previously geographically restricted.

Zhang referenced partnerships with protocols such as Polygon’s Polygon zkEVM and Solana’s Wrap Protocol to illustrate how Bybit is positioning itself as a hub for WRA trading. The CEO also mentioned an upcoming collaboration with the real‑estate platform RealT, which already offers tokenized rental properties on Ethereum.

3. Bybit’s Roadmap: Merging Derivatives, Stablecoins, and WRAs

a. Launching a Dedicated WRA Trading Platform

Zhang announced Bybit’s plan to open a dedicated marketplace for WRAs within the next twelve months. The platform will feature:

• Tiered Liquidity Pools – Engineered to accommodate both retail and institutional traders.
• Integrated Staking – Allowing users to earn yields on stablecoins that back WRA positions.
• Regulatory Compliance Layer – Built on a compliance‑as‑a‑service (CaaS) framework to satisfy KYC/AML obligations.

b. Expanding Stablecoin Ecosystem

Beyond the current stablecoins, Bybit aims to support algorithmic stablecoins like Frax and collateralized stablecoins pegged to a basket of commodities. By diversifying its stablecoin roster, the exchange seeks to reduce concentration risk and attract users from multiple regulatory jurisdictions.

c. Layer‑2 Scaling and Interoperability

Bybit’s technology roadmap emphasizes Layer‑2 solutions. The CEO highlighted its recent migration to Polygon zkEVM, a zero‑knowledge roll‑up that offers high throughput and low gas fees. This move aligns with the platform’s goal to support high‑frequency WRA trading without compromising security.

4. Regulatory Landscape: A Balancing Act

Zhang candidly discussed the regulatory uncertainty surrounding tokenized assets and stablecoins. While the U.S. Securities and Exchange Commission (SEC) and the European Securities and Markets Authority (ESMA) are tightening rules, Bybit is proactive:

• On‑Chain Compliance – Embedding KYC/AML procedures directly into smart contracts.
• Audit Trails – Providing regulators with real‑time visibility into asset ownership and transaction flows.
• Legal Partnerships – Working with law firms like KPMG and PwC to shape best‑practice guidelines.

He believes that a “regulation‑first” mindset will not only build trust but also accelerate mainstream adoption.

5. The Bigger Picture: Toward a Unified Finance Ecosystem

In closing, Zhang painted a holistic view of the future. Stablecoins, WRAs, and layer‑2 scaling solutions together create a “unified finance layer” that:

• Reduces Fragmentation – Centralizes access to diverse asset classes.
• Enhances Risk Management – Offers hedging instruments tied to real‑world collateral.
• Fosters Innovation – Enables new financial products such as WRA‑backed stablecoins, cross‑asset derivatives, and automated real‑time settlement protocols.

He compared the current stage to the early days of the internet, where disparate protocols slowly converged into the modern web stack. “We’re at a similar inflection point in finance,” he said. “Bybit is committed to being the catalyst that brings together the best of both worlds—traditional capital markets and the programmable, borderless world of crypto.”

6. Takeaway for Investors

• Stablecoins are becoming the “digital dollar” of DeFi, underpinning thousands of protocols.
• WRAs democratize access to high‑barrier assets, unlocking new investment opportunities.
• Bybit is positioning itself at the nexus of these trends, with plans for a WRA marketplace, expanded stablecoin offerings, and a Layer‑2‑first architecture.
• Regulatory collaboration is key—Bybit’s proactive stance should ease concerns for institutional players.

For those interested in deeper dives, Bybit’s official blog and press releases offer granular details on the upcoming WRA platform, and the company’s technical documentation outlines the security protocols underlying its new Layer‑2 integrations.

About the Author

A research journalist with a focus on fintech innovation, I routinely track the intersection of regulatory developments, blockchain technology, and market adoption. My goal is to provide clear, actionable insights for investors, technologists, and policymakers alike.