AlloyX has launched its Real Yield Token (RYT), a tokenized money market fund designed to deliver institutional-grade yields to stablecoin holders. The product combines traditional asset backing with DeFi-native strategies, and debuts exclusively on Polygon.
The launch comes at a time when tokenized treasuries and money market funds are gaining traction among institutional and retail users. Unlike conventional products, RYT incorporates a looping mechanism that lets users supply tokens as collateral, borrow against them, and redeploy the capital. This recursive structure amplifies both DeFi activity and yield potential.
Standard Chartered Bank (Hong Kong) plays a key role by providing custody and registrar services. The assets backing RYT remain within a regulated, audited framework, with daily cycles and T+1 settlement. Selected fund data will also be published on-chain, offering transparency for investors accustomed to traditional money market structures.
Polygon Labs is supporting RYT with ecosystem integration, technical resources, and growth initiatives. The partnership ensures AlloyX gains access to Polygon’s large DeFi base during the exclusivity period, with joint go-to-market efforts aimed at accelerating adoption. Afterward, Polygon will remain the preferred network for future RYT deployments.
Dr. Thomas Zhu, Co-Founder and CEO of AlloyX, framed RYT as a bridge between institutional cash management and DeFi’s efficiency.
According to Zhu, With Polygon-based looping and bank-grade tokenized MMF rails, RYT brings regulated yield into composable DeFi.
Marc Boiron, CEO of Polygon Labs, mentioned the product’s role in advancing real-world asset tokenization. “This brings regulated, transparent yield opportunities to users while maintaining the composability and efficiency that makes DeFi powerful,” Boiron noted.
The launch coincides with Hong Kong’s efforts to build a regulatory framework for tokenized securities and stablecoin alternatives. As regulators encourage innovation under supervision, RYT’s design could appeal to institutional investors seeking higher yields without compromising compliance.
With tokenized treasuries projected to expand into a multi-trillion-dollar market, AlloyX is betting that RYT’s hybrid architecture—regulated assets fused with looping DeFi strategies—will stand out among emerging digital yield products.
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