AlloyX has unveiled the Real Yield Token (RYT), a tokenized money market fund deployed on Polygon, designed to bridge traditional finance and decentralized finance (DeFi).
Backed by short-term instruments like US Treasurys and commercial paper, the fund’s assets are custodied by Standard Chartered Bank in Hong Kong and subject to audits and regulatory oversight. Through tokenization, RYT shares can be traded onchain and integrated across DeFi protocols. Investors can use RYT as collateral to borrow and reinvest, amplifying yields through looping strategies, a functionality lacking in most institutional tokenized funds.
AlloyX chose Polygon for its low fees and fast transactions, ensuring accessibility within a robust DeFi ecosystem. The product highlights the rising trend of tokenized money market funds, following BlackRock’s BUIDL and similar initiatives by Goldman Sachs and BNY Mellon.
Unlike these, however, RYT’s DeFi-native composability offers greater flexibility for users, marking a significant innovation in blockchain-based cash management and institutional adoption.
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