KuCoin partners with AlloyX to integrate RWA tokens into credit collateral mechanisms
Main Idea
KuCoin partners with AlloyX to integrate RWA tokens, starting with the RYT token, into its credit collateral mechanisms, marking a step towards blending traditional finance with blockchain-based assets.
Key Points
1. KuCoin and AlloyX collaborate to include the RYT token as compliant collateral in credit lines, backed by a regulated USD money market fund.
2. The RYT token is issued by China Asset Management (Hong Kong) Limited, representing one of Asia’s first tokenized USD funds.
3. KuCoin will list RYT in its Off-Exchange Settlement (OES) system, enhancing institutional safeguards and compliance.
4. The partnership aims to explore real-world asset (RWA) tokens as collateral, potentially setting future standards for RWA adoption in the crypto sector.
5. The initiative is seen as a pilot project that could serve as a blueprint for integrating RWA tokens into trading collateral frameworks.
Description
Global cryptocurrency exchange KuCoin has announced a strategic partnership with digital financial infrastructure provider AlloyX to explore the integration of Real-World Asset (RWA) tokens into its credit line collateral framework. The initiative will begin with the inclusion of the RYT token in KuCoin’s Off-Exchange Settlement (OES) system, with mechanisms to be refined based on market feedback. RYT token debuts in KuCoin’s credit management system The collaboration marks the debut of the RYT ...
Latest News
- Two big reasons why Bullish stock’s post-IPO gains may not sustain2025-08-13 21:11:57
- Five tokens under $10 to invest as markets remain unfazed by Trump’s firing of Labor Statistics chief2025-08-13 18:10:24
- DOGE set for $1.50 ATH, but not before this lower priced meme coin rises 17361%2025-08-13 18:05:22
- KuCoin partners with AlloyX to integrate RWA tokens into credit collateral mechanisms2025-08-13 17:08:24
- MetaMask introduces rewards program with 2.4% APR on Aave lending and borrowing2025-08-13 16:02:39