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AlloyX Launches RYT, a Tokenized Money Market Fund on Polygon With Standard Chartered Custody

The release brings bank‑custodied cash exposure onchain to enable T+1 settlement plus DeFi use as collateral.

Overview

  • RYT tokens represent shares of a regulated, audited money market fund whose assets are held by Standard Chartered in Hong Kong.
  • Polygon Labs is providing technical support, with the product launching exclusively on Polygon before later network expansion.
  • Tokenized shares can be traded onchain and used in DeFi strategies such as looping to seek higher yields than passive MMF exposure.
  • AlloyX says the structure includes selective onchain disclosure of fund data and next‑day settlement designed for compliance alignment.
  • The rollout follows Solowin Holdings’ reported $350 million acquisition of AlloyX last month, underscoring a push into tokenized real‑world assets.