AlloyX, a Hong Kong-based stablecoin infrastructure firm, has introduced a tokenized money market fund called RYT, debuted on Ethereum scaling network Polygon with custody services provided by Standard Chartered Bank.

Unlike traditional tokenized money market funds, which offer passive exposure, RYT integrates with decentralized finance (DeFi) to create yield-enhancing strategies, while staying within a compliance framework recognizable to auditors and regulators, AlloyX said in a press release on Thursday.

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