AlloyX’s RYT taps Polygon for DeFi “looping,” brings tokenized MMF rails to stablecoin users

Hong Kong October 2, 2025 — AlloyX is rolling out RYT (Real Yield Token)—a yield-bearing token designed for stablecoin holders—on Polygon as its first mainnet venue, pairing on-chain “looping” strategies with exposure to regulated money market fund (MMF) assets. 

DeFi strategy on Polygon. The agreement defines the “Looping Strategy” as a DeFi mechanism where $RYT is recursively supplied as collateral and borrowed against to amplify on-chain activity and yield—launching first on Polygon.  Polygon Labs will partner with AlloyX to boost adoption of $RYT via more use cases.

TradFi plumbing: tokenized MMFs as the anchor. RYT’s design aligns with the emerging class of tokenized money market funds, where fund units are mirrored 1:1 as ERC-20 tokens and administered within a bank-operated tokenization stack. RYT's underlying asset is fully backed by  tokenized fund shares on Ethereum (ERC-20), with Standard Chartered Bank (HK) providing custody wallets and acting as registrar; subscriptions and redemptions run on a daily dealing cycle with T+0 settlement and selected data published on-chain for transparency. 

Why Polygon. Beyond throughput and fees, the collaboration is structured to accelerate RYT’s initial liquidity and ecosystem fit: Polygon commits growth and technical enablement and business support around the launch period.  AlloyX, in turn, prioritizes Polygon for deployment and user acquisition during the exclusivity window and treats Polygon as its preferred venue thereafter. 

Bigger picture. Tokenized cash instruments are emerging as the “risk-off” leg of on-chain finance, giving treasuries and institutions a familiar yield profile with instant settlement. “ With Polygon-based looping strategy to amplify utility and bank-grade tokenized MMF rails supplying the underlying cash component, RYT aims to bridge DeFi liquidity with a transparent, audited cash-management layer—while keeping issuance, custody and reconciliation squarely within a regulated framework.”-said Dr. Thomas Zhu, Co-Founder & CEO of AlloyX Group.

"RYT represents exactly the type of institutional-grade innovation we're enabling on Polygon," said Marc Boiron, CEO of Polygon Labs. "This brings regulated, transparent yield opportunities to users while maintaining the composability and efficiency that makes DeFi powerful. It's a shining example of how Polygon is becoming the preferred platform for tokenized real-world assets."

About AlloyX:

AlloyX Group (NASDAQ: SWIN) is a fintech company specializing in global stablecoin payments and asset tokenization. The company is committed to bridging traditional brokerage and banking payment services with blockchain technology, delivering secure and efficient solutions for stablecoin payments, investments, and asset tokenization. Backed by leading institutional investors, AlloyX Group aims to become a global leader in digital finance infrastructure.

About Polygon Labs

Polygon Labs is a Web3 software company developing Polygon Proof-of-Stake network, the premier blockchain for payments and RWAs, and Agglayer, a protocol to connect any blockchain or app for a unified cross-chain experience. Polygon PoS is known as the low-cost, high velocity network, with billions secured in stablecoins, supporting a robust payments ecosystem to help grow Agglayer use cases in a unified web3. Research from Polygon Labs has contributed to the development of widely-adopted zero-knowledge technology, with successful independent projects incubated through the Agglayer Breakout Program, such as Katana, Miden, PrivadoID, ZisK and more.