KuCoin forms strategic collaboration with AlloyX 15 August 2025 Reporter: Tahlia Kraefft
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KuCoin, a cryptocurrency exchange, will partner with AlloyX, a digital financial infrastructure platform to launch real-world asset (RWA) tokens into the exchange’s collateral channels.
The incorporating of RWA token RYT, supplied by a traditional licensed asset management company, into KuCoin’s Off-Exchange Settlement (OES) system for charge account management, will be trialled under the alliance.
The systems will be honed and extended in accordance with the market’s response.
The partnership encompasses digitalised assets from the ChinaAMC USD Digital Money Market Fund, provided by China Asset Management (Hong Kong), into the exchange’s credit scheme.
It aims to facilitate additional development of RWA application situations, further forging links between Web2 and Web3 tokens.
China Asset Management (Hong Kong) is the supplier of the underlying asset for the RYT token — one of Asia’s first tokenised US dollar funds aimed at retail stakeholders.
KuCoin will add RYT in its credit collateral base through the alliance channels, which will also drive asset leverage values through the process of securing a loan with collateral.
The base asset of RYT has gone through stringent acquiescence layout with features such as fund custodian banking, fund administration and unit registration managed by Standard Chartered Bank in Hong Kong.
AlloyX Co-founder and CEO Thomas Zhu adds: “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 centred on ‘collateral mechanisms and scenario building’, not only offering users more possibilities for asset utilisation but also providing the industry with opportunities for structural validation.”
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