Polygon continues to strengthen its position in the tokenization of real-world assets. This time, the network has become the platform for the launch of a new tokenized money market fund (MMF), created by AlloyX with the support of Standard Chartered Bank, which acts as custodian and registrar.
Traditional finance meets blockchain
The partnership aims to provide institutional investors with a regulated product with familiar standards, but in a digital format. At the center of the initiative is the AlloyX Real Yield Token (RYT), which provides access to the China Asset Management Select USD Money Market Fund.
Unlike traditional fund shares, RYT are issued and traded on the Polygon blockchain, while Standard Chartered is responsible for asset custody and off-chain registry management. This hybrid approach combines the transparency of DeFi with the reliability of banking infrastructure.
Transparency via Chainlink
To address institutional concerns about the transparency and reliability of on-chain products, AlloyX has integrated Chainlink Proof of Reserve and NAVLink solutions. They provide investors with real-time data on which assets back the tokenized fund.
This addresses one of the main questions when working with digital versions of funds — the correspondence of the actual value of assets to their tokenized counterparts.
Strengthening AlloyX’s position
In 2025, AlloyX became part of Solowin Holdings from Hong Kong, in a deal worth $350 million. After that, the company has been more actively promoting solutions in the field of stablecoins and tokenization for the Asian market.
The launch of RYT is another step: the product not only reflects the yield of the money market fund, but also allows the use of DeFi mechanics on Polygon, including liquidity looping strategies to increase returns.
Trend towards fund tokenization
Interest in tokenized funds is growing worldwide. Previously, Franklin Templeton and Ondo Finance had already launched their products in this segment. The new AlloyX initiative shows that the market is shifting towards projects that combine proven traditional finance tools and DeFi innovations.
Why Polygon
Polygon was chosen as the base for a reason. The network is known for its low fees and scalability, making it a convenient platform for tokenized fund transactions. For institutional clients, this solves the problem of transaction costs and ensures high throughput.
What this means for the market
The launch of RYT highlights that the tokenization of real-world assets is becoming one of the key directions for layer 2 blockchains. The integration of major banks and the use of technologies like Chainlink make such products safer and more attractive for institutions.
If interest in the fund is high, Polygon will be able to strengthen its status as a leading network for RWA projects, competing with Ethereum and other ecosystems where tokenized funds and bonds are actively developing.
Read more: Mantle introduced a tokenization service and added the USD1 stablecoin to its ecosystem
