Billon Launches Asia’s First Tokenised Asset Leveraged Vault Supported by AlloyX Group and Polygon Labs

Feb 03, 2026 — AlloyX Group (NASDAQ: AXG) and Polygon Labs today jointly announced the support of Billon Finance, a next-generation tokenised assets lending protocol developed by Axion Foundation. Incubated by the Axion Foundation, Billon powers Asia’s first leveraged vault for tokenised assets, pioneering the development of institutional-grade DeFi infrastructure for this asset class.

This milestone introduces institutional-grade leverage, risk management, and yield optimization for tokenised assets on-chain, effectively connecting on-chain credit markets with professional financial rails.

A Purpose-Built Lending Protocol for Tokenised Assets

Built from the ground up exclusively for tokenised asset lending, Billon unlocks access for high-quality yield-bearing assets to on-chain credit markets via isolated lending pools, transparent risk parameters, and instant settlement. Distinct from traditional DeFi models, its architecture aligns the leverage mechanisms, risk management frameworks and liquidation logic with the attributes of underlying real-world assets—enabling regulated tokenised assets to integrate into DeFi while upholding institutional standards.

Dr. Thomas Zhu, Co-Founder and CEO of AlloyX Group, commented: “Tokenised assets demand an entirely different financial infrastructure. We are delighted to support the Axion Foundation in developing the Billon protocol, which empowers regulated assets to participate in DeFi without sacrificing institutional risk benchmarks. This collaboration establishes a new industry standard for on-chain scaling of tokenised assets.”

Asia’s First Tokenised Asset Leveraged Vault

Built on top of Billon’s lending infrastructure, the newly launched tokenised asset leveraged vault introduces controlled leverage to tokenised asset strategies—unlocking enhanced capital efficiency while preserving robust risk controls.

Credio, the risk curation arm of the Fasanara backed Untangled Finance, will serve as the independent risk advisor to Billon’s lending protocol. Credio will drive the protocol’s risk governance, defining and monitoring critical parameters including leverage ratios, collateral thresholds, and liquidation mechanisms.

This model introduces dedicated, professional risk governance to the protocol, aligning on chain capital markets with the standards expected in institutional asset management. Future liquidity to the USDn2 vault will scale dynamically, governed by rigorous solvency constraints. 

The vault enables users to:

• Access leveraged exposure to tokenised asset backed yield

• Operate within transparent, parameter driven risk frameworks

• Deploy capital with the assurance of institutional grade oversight

Together, these elements advance the evolution of tokenised assets from passive yield instruments into actively managed, composable financial primitives.

Manrui Tang, Co-founder of Untangled Finance, added: “We are pleased to support Billon as risk advisor through Credio, bringing institutional grade risk design and continuous oversight to the protocol as leveraged on chain markets continue to mature.”

Powered by Polygon for Scalable, Institutional DeFi

Billon and its tokenised asset leveraged vault are deployed on Polygon blockchain, leveraging its low transaction costs, high throughput, and mature DeFi ecosystem to support scalable institutional participation. This deployment aligns with Polygon Labs’ Open Money Stack vision to build open, interoperable financial rails for tokenised assets, payments, and on-chain capital markets.

Marc Boiron, CEO of Polygon Labs, added: “Billon’s tokenised asset-native architecture, combined with curator-led risk frameworks and Polygon’s scalable infrastructure, demonstrates how blockchain can deliver institutional-grade financial products at global scale.”

Unlocking On-Chain Liquid Yield for the Tokenised Asset Economy

By enabling tokenised assets to be used directly as collateral—and extended into leveraged, curator-managed strategies—Billon unlocks a new category of on-chain liquid yield. Asset holders can access stablecoin liquidity and enhanced yield opportunities while maintaining exposure to real-world cash-flow assets.

Together, Billon, AlloyX Group, Credio and Polygon Labs are establishing core financial rails for the next phase of tokenised asset driven DeFi—where compliance, transparency, and capital efficiency coexist natively on-chain.

Billon is now alive. Learn more at https://billon.finance.

About Billon Finance

Billon Finance, incubated by Axion Foundation, is an on-chain lending protocol for tokenised assets . Through credit markets and tokenisation architecture, Billon enables transparent and capital-efficient borrowing against tokenised assets, unlocking liquid yield for institutional and DeFi participants.

About AlloyX Group (AXG)

AlloyX Group (Nasdaq: AXG) is a global integrated financial services institution bridging traditional finance and digital assets ecosystem. The Group operates across stablecoin payments, tokenization service, digital brokerage, and on-chain financial infrastructure. By integrating traditional brokerage and banking systems with blockchain technology, AlloyX Group delivers secure, efficient, and auditable digital financial solutions for institutions. Backed by leading international investors, we are building the next generation digital financial infrastructure empowering the global transition toward a regulated digital economy.

About Credio

Credio is the risk management arm of Untangled Finance, which builds institutional grade yield infrastructure including vaults and curated lending markets.

Credio provides quantitative risk research, parameter design, and ongoing oversight to support sustainable on chain capital markets. The team serves on Ethena’s risk committee, contributing to the evaluation of collateral assets and protocol risk frameworks.

Its mandate is simple: bring institutional risk standards to programmable finance.

About Polygon Labs

Polygon Labs is a global blockchain payments company building and operating infrastructure to move money instantly, reliably, and at internet scale, with the mission to move all money onchain. It is building the Polygon Open Money Stack, an open and integrated stack of services and technologies to instantly and reliably move money anywhere, and put it to work. Its infrastructure has facilitated trillions of dollars in onchain value transfer and supported millions of transactions daily for some of the globe's largest banks, fintechs, enterprises, and consumer applications.