AlloyX unveils tokenized money market fund RYT on Polygon for DeFi trading and yield looping. Tokenization infrastructure firm AlloyX has introduced a new tokenized money market fund on Polygon, reflecting the growing trend of bringing real-world assets (RWAs) to blockchain ecosystems. Like other money market funds, RYT invests in short-term, low-risk instruments, including US Treasurys and commercial paper, ensuring capital preservation while generating modest yields. Institutional interest in tokenized money market funds growsAlloyX is entering a rapidly expanding market. Large financial institutions have increasingly explored tokenized money market funds to combine the stability of cash-like assets with the efficiency and composability of blockchain.