tl;dr
On August 13, 2025, KuCoin partnered with AlloyX to integrate Real-World Asset (RWA) tokens into KuCoin’s collateral system, piloting the RYT token from China Asset Management’s USD Digital Money Market Fund. The RYT token will be listed as collateral for credit lines, allowing users to borrow and t...
On August 13, 2025, KuCoin, a leading global cryptocurrency exchange, announced a partnership with AlloyX to integrate Real-World Asset (RWA) tokens into KuCoin’s collateral mechanisms. This collaboration will pilot the inclusion of the RWA token RYT, issued by a licensed traditional asset management company, into KuCoin’s Off-Exchange Settlement (OES) system for credit line management. The initiative leverages tokenized products from the “ChinaAMC USD Digital Money Market Fund,” issued by China Asset Management (Hong Kong) Limited, aiming to blend traditional financial assets with crypto credit systems.
The RYT token represents units of one of Asia’s first tokenized USD money market funds designed for retail investors. Under this partnership, KuCoin will list RYT as collateral for credit lines, enabling users to borrow against these tokens and trade with enhanced liquidity. This model allows investors to earn fund yields on-chain, expanding asset allocation options and facilitating asset leverage through collateralization. Notably, the underlying asset management incorporates rigorous compliance measures, with Standard Chartered Bank in Hong Kong acting as the fund custodian, administrator, and unit registrar.
KuCoin CEO BC Wong emphasized the exchange’s ongoing commitment to bridging traditional finance and crypto through innovative yet secure solutions, highlighting the importance of trust, risk control, and user asset appreciation. AlloyX CEO Thomas Zhu described the partnership as a pragmatic step in building sustainable on-chain economic functions, expanding user asset utility, and validating industry structures through collateral mechanisms and scenario testing.
The partnership holds broader industry significance by activating liquidity in RWAs and setting potential market standards. It signals a move towards more regulated, compliant integration of traditional asset tokens in mainstream exchange credit systems, offering a replicable model for issuers, platforms, and regulators. KuCoin plans to continue deepening collaborations to deliver innovative value worldwide.
Founded in 2017, KuCoin serves over 41 million users globally, offering access to more than 1,000 digital assets and various blockchain services. It is recognized for security and compliance excellence and led by CEO BC Wong. AlloyX specializes in stablecoin payments and asset tokenization, aiming to become Asia’s leader in stablecoin payment infrastructure and RWA tokenization technology, integrating traditional banking with blockchain services to enhance global adoption of these technologies.