- This cooperation with KuCoin is a pragmatic attempt centered on 'collateral mechanisms and scenario building.
August 13, 2025 — Global cryptocurrency exchange KuCoin has announced a partnership with digital financial infrastructure provider AlloyX to explore the integration of Real-World Asset (RWA) tokens into its credit line collateral mechanisms. The collaboration begins with the inclusion of the RYT token, issued by a traditional licensed asset management company, into KuCoin’s Off-Exchange Settlement (OES) system for credit management. The mechanism will be progressively optimized based on market feedback.
The RYT token is backed by the “ChinaAMC USD Digital Money Market Fund,” a tokenized product issued by China Asset Management (Hong Kong) Limited, a wholly-owned subsidiary of China Asset Management Co., Ltd. As one of the earliest Chinese asset management institutions to establish operations in Hong Kong, the firm offers one of Asia’s first tokenized USD funds for retail investors, with subscriptions and redemptions available in token form.
Through this collaboration, KuCoin will list RYT among the assets eligible for credit collateral. Token holders will be able to apply for credit lines within their platform accounts to support trading activities. The structure allows users to earn underlying yields while holding the token, configure money market fund tokens alongside other on-chain assets, and unlock collateral-based asset utility.
The asset chain underlying RYT has been designed with compliance in mind. Fund custody, administration, and unit registration are managed by Standard Chartered Bank in Hong Kong, providing institutional-level safeguards under a traditional financial framework.
KuCoin CEO BC Wong stated: “KuCoin has always been committed to bridging traditional finance and the crypto world through innovation. This collaboration with AlloyX to explore RWA tokens as collateral mechanisms exemplifies our dedication to providing users with secure and compliant solutions. We emphasize trustworthiness and risk control—this partnership not only elevates the platform’s innovation level but also delivers reliable asset appreciation opportunities to global users, helping them manage digital assets more confidently in dynamic markets.”
AlloyX Co-Founder and CEO Thomas Zhu remarked: “Our focus has always been on how RWA, as an asset form, can deliver more authentic and sustainable economic functions on-chain. This cooperation with KuCoin is a pragmatic attempt centered on ‘collateral mechanisms and scenario building,’ not only offering users more possibilities for asset utilization but also providing the industry with opportunities for structural validation.”
While RWA adoption remains in its early stages, its role in institutional design, risk control, and asset construction is gaining traction across fintech. The initiative by KuCoin and AlloyX is not only a product-level pilot but may also contribute to shaping practical frameworks and future standards for RWA implementation.
KuCoin stated that it will continue to deepen similar exploratory collaborations to bring more innovative value to users worldwide.
About KuCoin
Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the “Best Crypto Apps & Exchanges” and a “Top 50 Global Unicorn” by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: https://www.kucoin.com/
About AlloyX
AlloyX Limited is a technology company that specializes in global stablecoin payments and asset tokenization. Committed to integrating traditional banking payment systems with blockchain services, AlloyX provides secure and efficient stablecoin payment services and asset tokenization solutions. The company aims to become Asia’s leading stablecoin payments infrastructure and RWA tokenization technology provider. AlloyX offers embedded stablecoin wallet services and integrates various blockchain and payment solutions into its wallet and payment middle platform. The AlloyX platform also provides comprehensive solutions for stablecoin storage, payments, settlement, investment, foreign exchange, and asset tokenization, promoting the global adoption and application of stablecoin payments and tokenization technologies.