AlloyX Launches Tokenized Money Market Fund on Polygon with Standard Chartered
CryptocurrencyAlloyXUpdated 14 hours ago

AlloyX Launches Tokenized Money Market Fund on Polygon with Standard Chartered

AlloyX has introduced a tokenized money market fund on the Polygon network, in collaboration with Standard Chartered. This fund merges traditional bank-custodied assets with decentralized finance (DeFi) strategies, catering to the rising demand for real-world assets in digital finance. It represents a significant advancement in integrating conventional banking with innovative financial technologies, offering stablecoin users regulated yields and reshaping asset management for investors.

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Standard Chartered-custodied AlloyX launches tokenized fund on Polygon
PositiveCryptocurrency
AlloyX has launched a tokenized money market fund on the Polygon network, combining traditional bank-custodied assets with decentralized finance (DeFi) strategies. This move comes in response to the increasing demand for real-world assets in the digital finance space, marking a significant step towards integrating conventional banking with innovative financial technologies. It highlights the growing trend of tokenization in finance, which could reshape how investors access and manage their assets.
Polygon, Standard Chartered Enlisted for AlloyX Tokenized Money Market Fund
PositiveCryptocurrency
Polygon and Standard Chartered have teamed up to launch the AlloyX Tokenized Money Market Fund, a new product that provides stablecoin users with regulated yields. This innovative offering bridges the gap between decentralized finance (DeFi) strategies and traditional finance, making it a significant development for investors looking for secure and profitable options in the evolving financial landscape.

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