KuCoin Launches RWA Collateral Pilot with AlloyX

KuCoin and AlloyX have partnered to initiate a pilot program using Real-World Asset (RWA) collateral. This program allows KuCoin users to utilize the RYT token, backed by the ChinaAMC USD Digital Money Market Fund, as collateral for trading on the exchange. This integration enhances asset utility while preserving potential yield benefits. The initiative will test the viability of RWA tokens within a centralized exchange environment and potentially influence the future use of collateral on decentralized platforms.