AlloyX introduces the Real Yield Token (RYT), a regulated, tokenised money market fund built on Polygon, blending traditional yields with decentralised finance features and targeting significant growth in institutional adoption.
AlloyX has rolled out its latest offering—the Real Yield Token (RYT), which is essentially a tokenized money market fund (MMF). It’s designed to blend the advantages of regulated institutional finance with the efficiencies of decentralized finance—DeFi, for short—and it’s exclusively built on the Polygon blockchain. Essentially, this merging brings together the yields you’d expect from traditional money market funds with DeFi’s notable composability features. Reportedly, users can earn about 7% yield, backed by assets that are regulated. Thanks to Polygon’s low-cost, high-speed infrastructure, RYT provides round-the-clock access and next-day (T+1) settlement cycles—plus, it features on-chain transparency. That’s a big leap compared to traditional MMFs, which tend to report holdings only monthly or quarterly.
This product is backed by tokenized shares of the China Asset Management (ChinaAMC) Select USD Money Market Fund. Custody and registration services are handled by Standard Chartered Bank. This partnership helps ensure the product meets institutional-grade compliance standards, with clear audit trails and proper asset custody—something that’s often a sticking point for institutions wary of entering DeFi but still wanting regulated yields. AlloyX has also integrated Chainlink’s Proof of Reserve and NAVLink data feeds into RYT, providing real-time, verifiable transparency that confirms the token remains fully collateralized by off-chain AAA-rated assets. Honestly, this is pretty significant because it helps build trust and ensures compliance—both vital when dealing with real-world assets (RWAs) in DeFi.
Beyond just the basic product, AlloyX has teamed up with on-chain asset management platform BitFi to speed up the development of yield products backed by real-world assets. BitFi plans to leverage RYT as the underlying asset in a passive yield product, which will let users deposit USDC and earn returns supported by the tokenized MMF—plus, deposits and withdrawals will be instant. This move clearly underscores AlloyX’s goal of making institutional yield products more accessible within the Web3 space, lowering barriers to entry.
The launch of RYT comes on the heels of AlloyX’s $350 million acquisition by Solowin Holdings back in September 2025. That move is meant to boost stablecoin infrastructure and enable tokenized asset capabilities especially in emerging markets. Solowin is definitely aiming high—its goal for RYT is to reach US$1 billion in assets under management by the end of 2025. The project also has strategic institutional collaborations with Polygon, Arbitrum, Solana, and Kucoin, which help facilitate interoperability and liquidity across multiple blockchains, with daily settlement cycles.
Polygon, in particular, has become quite popular for these kinds of regulated DeFi products, with stablecoin transactions topping nearly $40 billion just in September 2025. Its combination of near-instant finality, low transaction costs, and growing institutional adoption makes it an ideal platform for innovative financial offerings such as RYT. AlloyX’s launch has also received backing from Polygon Labs, which provided support during the development phase—resources for ecosystem growth, technical assistance, and more.
The design of RYT includes looping strategies native to Polygon. Holders can collateralize their tokens, borrow against them, and repeat the process—kind of like leveraging to boost yields without actually losing exposure to the underlying, stable, regulated assets. This approach boosts capital efficiency significantly compared to traditional finance. It’s pretty interesting, right? Even better, this feature supports regulatory compliance and transparency while giving investors more flexibility and leverage options.
Industry heavyweights like Standard Chartered Bank, Polygon, and Chainlink are lending credibility to RYT as it seeks to bridge the gap between traditional financial products and blockchain innovation. By combining regulated money market fund assets with the flexibility of DeFi protocols, AlloyX is aiming to meet a market need for safe, compliant, yet high-yield investment products that institutional investors can comfortably adopt at scale. It’s quite an ambitious project.
All in all, this launch marks a notable step forward for the real-world asset segment within DeFi, demonstrating how transparency, compliance, and operational efficiency are coming together. It’s also a sign that Polygon’s role as a foundational blockchain for high-frequency, institutional-grade financial products is expanding—moving beyond just payments into broader asset tokenization and management. It’ll be interesting to see how this develops over time.
Source: Noah Wire Services
Verification / Sources
- https://www.token-relations.xyz/p/alloyx-brings-tokenized-money-market - Please view link - unable to able to access data
- https://www.alloyx.com/post/alloyx-s-ryt-taps-polygon-for-defi-looping-brings-tokenized-mmf-rails-to-stablecoin-users - AlloyX has launched the Real Yield Token (RYT), a tokenized money market fund, exclusively on Polygon. RYT combines a 7% yield from regulated money market fund assets with DeFi looping strategies, offering 24/7 access and T+1 settlement cycles with on-chain transparency. Hong Kong's Standard Chartered Bank provides custody services for the token. This initiative aims to bridge traditional finance's compliance frameworks with DeFi's efficiency, allowing stablecoin holders to access institutional-grade yields without sacrificing composability and speed. The launch follows Solowin Holdings' acquisition of AlloyX for $350 million in September 2025 to expand stablecoin infrastructure to emerging markets.
- https://www.alloyx.com/post/alloyx-integrates-chainlink-standard-to-enhance-transparency-of-ryt - AlloyX has integrated Chainlink's data standard into its Real Yield Token (RYT) to enhance transparency. The integration includes Chainlink Proof of Reserve and NAVLink services, now live on both the Arbitrum and Polygon chains. This adoption provides real-time, verifiable transparency for RWA-backed tokens, allowing users to verify that RYT is sufficiently backed by off-chain AAA-rated assets managed by ChinaAMC and custodied by Standard Chartered. The NAVLink feed ensures that the value of RYT remains accurate, auditable, and aligned with its underlying holdings, strengthening AlloyX's commitment to delivering a compliance-focused, secure, and transparent RWA ecosystem on-chain.
- https://www.alloyx.com/post/alloyx-announces-strategic-partnership-with-bitfi-to-accelerate-rwa-ecosystem-development - AlloyX has announced a strategic partnership with BitFi, an on-chain asset management platform, to accelerate the development of on-chain yield products powered by real-world assets (RWA). As part of this collaboration, BitFi will use AlloyX's tokenized money market fund product, Real Yield Token (RYT), as the underlying backing asset to launch a passive on-chain yield product. This product will allow users to deposit USDC and earn returns supported by RYT, offering both flexibility and liquidity with instant deposits and withdrawals. The partnership aims to provide on-chain users with a low-barrier entry point to real-world asset yields, marking an important milestone for RWA products in Web3 applications.
- https://polygon.technology/blog/alloyx-launches-tokenized-money-market-fund-real-yield-token-ryt-on-polygon - AlloyX has launched a compliant tokenized money market fund, Real Yield Token (RYT), exclusively on Polygon. RYT acts as a bridge between regulated liquidity and programmable finance, allowing users to tap into institutional-grade yield while unlocking the frictionless efficiency of DeFi. The fund operates on daily cycles with T+1 settlement, and selected data is published on-chain for transparency. Polygon Labs is supporting AlloyX with DeFi integration, technical help, and growth initiatives during its exclusivity window, after which Polygon will remain AlloyX's preferred deployment for expansion. This launch adds momentum to Polygon's role as the preferred chain for global payments and tokenization.
- https://www.nasdaq.com/press-release/solowin-unveils-real-yield-token-ryt-targeting-us-1-billion-aum-2025-08-14 - Solowin Holdings has announced its initiative to achieve US$1 billion in assets under management (AUM) for its USD Money Market Real Yield Token (RYT) by the end of 2025. Launched on April 15, 2025, RYT is offered through the company's wholly-owned subsidiary, Solomon JFZ (Asia) Holdings Limited, in collaboration with Standard Chartered, China Asset Management (Hong Kong), Libeara, and AlloyX Limited. The initiative's US$1 billion AUM target is supported via strategic institutional partnerships with Polygon, Arbitrum, Solana, and Kucoin, delivering daily liquidity and interoperability across multiple blockchain networks.
- https://blockworks.co/news/polygon-alloyx-standard-chartered - Polygon has become the launch venue for a new tokenized money market fund (MMF) developed by AlloyX, with Standard Chartered Bank taking on the roles of custodian and registrar. The partnership is designed to offer institutional investors a bridge between traditional regulated fund products and blockchain-based financial infrastructure. At the center of the rollout is the AlloyX Real Yield Token (RYT), which represents exposure to the China Asset Management Select USD Money Market Fund. Unlike conventional shares, these tokens are issued and transacted on Polygon's blockchain, while Standard Chartered ensures off-chain asset custody and recordkeeping. AlloyX has integrated Chainlink's Proof of Reserve and NAVLink to provide real-time transparency into the assets backing the token, aiming to address a common institutional concern about on-chain financial products.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation.
Freshness check
Score: 8
Notes: The narrative is recent, dated October 3, 2025. The earliest known publication date of similar content is August 14, 2025, when Solowin Holdings announced the Real Yield Token (RYT) targeting US$1 billion in assets under management by the end of 2025. (nasdaq.com) The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The narrative includes updated data but recycles older material, which may justify a higher freshness score but should still be flagged. (investorwire.com)
Quotes check
Score: 9
Notes: The narrative includes direct quotes from Dr. Thomas Zhu, Co-founder and CEO of AlloyX, and Marc Boiron, CEO of Polygon Labs. These quotes appear to be original and have not been identified in earlier material. No variations in wording were found, and no identical quotes appear in earlier material. No online matches were found for these quotes, suggesting they are potentially original or exclusive content.
Source reliability
Score: 7
Notes: The narrative originates from Token Relations, a platform that aggregates news and insights related to the Polygon ecosystem. While it provides valuable information, its reliability may vary, and it is not as established as major news outlets. The report mentions that the launch comes after Solowin Holdings acquired AlloyX for $350 million in September 2025, which is corroborated by other sources. (investorwire.com) However, the platform's overall credibility is uncertain.
Plausability check
Score: 8
Notes: The narrative presents a plausible development in the blockchain and finance sectors, detailing AlloyX's launch of the Real Yield Token (RYT) on the Polygon network, with Standard Chartered Bank providing custody services. The integration of traditional finance with decentralized finance (DeFi) is a current trend, and the involvement of reputable institutions adds credibility. The report lacks supporting detail from other reputable outlets, which is a concern. The language and tone are consistent with industry standards, and there are no excessive or off-topic details. The tone is formal and appropriate for corporate communication.
Overall assessment
Veredict (FAIL, OPEN, PASS): OPEN
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary: The narrative is recent and includes original quotes, but it originates from a less established platform, and lacks supporting detail from other reputable outlets. While the information is plausible and aligns with current industry trends, the source's reliability and the lack of corroboration from other reputable outlets raise concerns.