Global cryptocurrency exchange KuCoin has announced a strategic partnership with digital financial infrastructure provider AlloyX to explore the use of Real-World Asset (RWA) tokens as collateral. The pilot program will integrate the RYT token — backed by the ChinaAMC USD Digital Money Market Fund — into KuCoin’s Off-Exchange Settlement system for managing credit lines.
The ChinaAMC USD Digital Money Market Fund, issued by China Asset Management (Hong Kong) Limited, is one of Asia’s earliest tokenized USD-denominated funds aimed at retail investors. Fund units are available for subscription and redemption in token form.
By incorporating RWAs into its credit framework, KuCoin aims to strengthen links between Web2 and Web3 finance, opening new use cases for tokenized assets. The collaboration will be refined based on market feedback, with potential for broader application across collateral management systems. This represents a notable step toward mainstream RWA adoption in cryptocurrency exchange operations.
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