Bybit plans to launch IBAN accounts in February, advancing towards becoming a "Crypto Neobank".

BlockBeats News, January 29th. Bybit CEO Ben Zhou stated that the plan is to launch IBAN-based fiat currency accounts as early as February, supporting 18 fiat currencies, marking Bybit's acceleration towards transforming from a cryptocurrency exchange into a comprehensive financial service provider with neobank functions.

According to the introduction, the account product will be launched under the "MyBank" brand and will be issued through collaborating institutions such as Pave Bank (a licensed bank in Georgia, USA). Users will receive a personal exclusive IBAN, enabling cross-border receipts, transfers, and free conversion between fiat and crypto assets, with initial priority given to the US Dollar (USD) and later expanding to other currencies. The related services will require KYC compliance review by Bybit and partner banks, and the launch timing depends on regulatory approval progress.

Zhou also revealed that Bybit is developing Real-World Asset (RWA) tokenization custody products for banks and large institutions, evaluating market expansion in the United States and the possibility of future US listings, and has already been in contact with multiple large banks.

Bybit further added that its compliance team is in close communication with regulatory agencies, expecting relevant approvals to be in place next month. This layout continues Bybit's overall strategy in 2025 for regulatory progress, institutional fund inflows, and rapid expansion of tokenization business.