Asia's leading stablecoin service provider, AlloyX, has launched a compliant tokenized money market fund, RYT (Real Yield Token), on the Polygon network. The fund is custodied by Standard Chartered Bank (HK), a move that provides institutional-grade compliance and auditability.

RYT gives holders access to money market fund assets while also offering onchain yield enhancement through Polygon-native strategies. The token operates on a T+1 settlement cycle with key data published onchain for transparency. Polygon Labs will collaborate with AlloyX on DeFi integrations, technical support, and growth initiatives.

This launch signifies a deeper integration of traditional financial infrastructure with decentralized finance. By offering a product that combines the compliance assurances required by institutions with the speed and composability of DeFi, it marks another step toward rebuilding global financial rails on public blockchains.