AlloyX has introduced RYT, a tokenized dollar money market fund, which is being dubbed the 'Asian version of Ondo' in the Real World Assets (RWA) space. The fund offers daily interest yields of around 4.4%, secured by USD money market fund units and backed by major multinational banks as custodians. RYT aims to integrate traditional finance with decentralized finance (DeFi), providing a compliant and blockchain-accessible financial entry point for Asian investors.
AlloyX Launches RYT as 'Asian Ondo' in Real World Assets Sector
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