
PANews|Oct 02, 2025 12:03
[Standard Chartered Provides Custody, AlloyX Launches Tokenized Money Market Fund with DeFi Strategy on Polygon]
According to CoinDesk, Hong Kong-based stablecoin infrastructure company AlloyX has announced a partnership with Standard Chartered Bank and Polygon to launch a tokenized money market fund called RYT on the Polygon network. Standard Chartered Bank will provide asset custody services for the fund.
AlloyX was recently acquired by Hong Kong-listed company Solowin Holdings. The company stated that RYT will initially be available exclusively on the Polygon network, with plans to expand to other networks in the future.
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