KuCoin Launches Real-World Asset Collateral Program with AlloyX

Crypto exchange KuCoin has partnered with AlloyX to explore real-world asset (RWA) collateral mechanisms for its users. This innovative initiative will allow RYT token holders to access credit lines on KuCoin, enabling them to earn yields while leveraging their tokens as collateral. 🤝 The program integrates the RYT token, backed by a USD Digital Money Market Fund managed by ChinaAMC and overseen by Standard Chartered, into KuCoin’s Off-Exchange Settlement (OES) system. This move allows users to unlock the value of real-world assets on-chain, offering new opportunities for credit utilization and risk management. 💡