AlloyX brings tokenized money market fund to Polygon with Standard Chartered custody
Polygon Weekly Overview - October 3, 2025
Welcome back to the Polygon Weekly Overview, the best place for the Polygon community to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
By The Numbers
Polygon daily active addresses: 572.6K (+3.73%)
Polygon daily txns: 3.7M (-5.13%)
Polygon Total Volume Locked (TVL): $1.17B (+4.46%)
Daily DEX Trading Volume: $186.88M (+14.44%)
Daily Transfer Volume: $813B (-50.94%)
NFT weekly sales volume: $4.1M (-14.69%)
Top 3 NFT collections by sales volume:
Courtyard: $3.18M (-19.39%)
TalismanXMint: $129.03K (+901.96%)
Voxies: $73.65K (-14.04%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪 What happened: AlloyX has launched RYT (Real Yield Token), a tokenized money market fund, exclusively on Polygon. The token combines 7% yield from regulated MMF assets with DeFi looping strategies, offering 24/7 access and T+1 settlement cycles with onchain transparency. Hong Kong’s Standard Chartered Bank is providing custody services for the token.
🟪 Why it matters: AlloyX is bringing its institutional audience and payment network directly to Polygon’s rails, which already process billions in stablecoin volume every month.
RYT merges traditional finance’s compliance frameworks with DeFi’s efficiency. Unlike passive tokenized funds, it uses Polygon-native looping strategies that let users collateralize tokens, borrow against them, and repeat the process. The bank-grade MMF rails supplying the underlying cash help bridge DeFi liquidity with an audited cash management layer.
This structure fills a crucial gap in the crypto market, letting stablecoin holders access institutional-grade yields without sacrificing the composability and speed of DeFi. As custodian and registrar, Standard Chartered provides the audit trails and compliance oversight that institutions require.
The 7% yield is backed 1:1 by tokenized MMF shares on Ethereum. Transactions are settled within the day settlement, and selected data is published onchain. This transparency layer lets participants verify fund positions in real time, unlike traditional money market funds, which reports positions quarterly or monthly.
This launch comes after Solowin Holdings acquired AlloyX for $350 million in September 2025 to expand stablecoin infrastructure to emerging markets.
🟪 The big picture: RYT’s launch shows how regulated yield products can run on blockchains while staying efficient and compliant, and providing safe custody.
Polygon’s looping mechanism helps unlock a level of capital efficiency unseen in traditional finance. By collateralizing and borrowing on Polygon’s low-cost rails, users can amplify yields while retaining their exposure to stable, regulated assets.
AlloyX joins Stripe, Franklin Templeton, Apollo and BlackRock in building on Polygon. In September, stablecoin transfer volume on the network hit $39.9B — $27.32 billion in USDC, $9.84 billion in USDT, and $2.73 billion in DAI.
As tokenized assets expand across payments, securities and money market funds, Polygon serves as a solid foundation to support the growth. Its billions in stablecoin transfers, near-instant finality, and minimal costs make it a great choice for high-frequency, institution-ready products.
Into the Agglayer
Learn how Immutable zkEVM is preparing to connect with Agglayer, enabling asset movement between blockchain gaming ecosystems
Watch this LUMIA Live episode, Suits vs Degens, about RWAs, ecosystem updates, and Lumia’s meetings with senate and congress on Capitol Hill
Tune into Agglayer’s X Space about the Forknet integration
Vault Bridge is live on Forknet, offering depositors protocol-native yield generation from day one
Listen to Agglayer’s X Space “Building for the People,” explaining their user-centric approach
Ecosystem Showcase
Read how 21X and DekaBank successfully completed onchain trade on Polygon Testnet
Learn how CDK Enterprise chains ran Erigon benchmarking at about 5,000 TPS, outperforming Hyperledger Besu networks by over 30x
Hyperbridge’s integration with Polygon mainnet expands verifiable cross-chain connectivity from Polkadot
Find out how blockchain enables real-time settlement from Polygon Labs’ global head of payments and RWAs, Aishwary Gupta
Join in the fun
Want to dive into the Polygon ecosystem full-time?.
Listen to The Aggregated X Space October 3 at 3:00 PM UTC for the latest on web3 gaming trends
Tune into the October 8 X Space, which will feature Polygon and Payy execs discussing digital cash and private spending
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.