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Polygon partners with AlloyX and Standard Chartered on tokenized fund
1/ Key takeaways
AlloyX has launched a new tokenized money market fund (MMF) called the Real Yield Token (RYT) on Polygon, partnering with Standard Chartered Bank to act as the custodian and registrar and bridge traditional regulated fund products with blockchain infrastructure for institutional investors. This initiative, which tokenizes exposure to the China Asset Management Select USD Money Market Fund, leverages Polygon for transaction scalability and integrates Chainlink’s Proof of Reserve and NAVLink to provide institutional clients with real-time asset transparency and confidence.
2/ Polygon partners with AlloyX and Standard Chartered on tokenized fund
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.
Announced Thursday, 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.
AlloyX was acquired earlier this year by Hong Kong’s Solowin Holdings for $350 million, a move that reinforced its positioning as a stablecoin and tokenization provider for the Asia-Pacific market. With RYT, the company is adding an additional layer of decentralized finance mechanics, such as looping strategies on Polygon, to enhance liquidity and yield.
The project reflects a broader push toward real-world asset (RWA) tokenization, which has attracted both startups and established asset managers. Franklin Templeton and Ondo Finance, among others, have previously launched tokenized MMF structures.
AlloyX’s decision to work with Standard Chartered signals an effort to reassure institutional clients on issues of custody, compliance, and oversight, while Polygon’s low-cost settlement network provides scalability for fund transactions.
3/ Hola Tech’s pov:
The launch of the AlloyX Real Yield Token (RYT) represents a watershed moment, confirming that institutional finance now views Decentralized Finance (DeFi) as a powerful, programmable infrastructure for turning real-world assets into tokens. To strategically capitalize on this trend, we suggest professionals deeply scrutinize RYT’s structure as a blueprint for compliant yield generation, specifically how tokenized government bonds and on-chain liquidity are used to achieve verifiable returns. Moreover, the selection of Polygon, following its adoption by financial giants like BlackRock, cements its status as the institutional standard for tokenization; thus, building essential expertise within the Polygon ecosystem should be a priority for anyone aiming to secure a leadership role in this evolving sector.
You should also look beyond the token itself and analyze the substantial corporate investment driving this shift, particularly Solowin Holdings’ $350 million acquisition of AlloyX. This significant capital outlay is the ultimate validation, signaling an aggressive commitment to developing stablecoin infrastructure in critical global markets like the UAE and ASEAN. We suggest you meticulously track similar high-value acquisitions in the tokenization space, as they clearly map out where institutional conviction lies. By focusing your efforts on the infrastructure layer, such as compliance tools, secure custody providers, and bridging solutions, you can strategically position your business to benefit from the inevitable influx of institutional capital into high-quality, regulated Web3 services.
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