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Solowin Holdings (SWIN) announced its initiative to reach $1 billion in assets under management for its USD Money Market Real Yield Token by the end of 2025. The company launched the tokenized product on April 15, 2025, through its subsidiary Solomon JFZ (Asia) Holdings Limited.
The Real Yield Token is offered in collaboration with Standard Chartered, China Asset Management (Hong Kong), Libeara and AlloyX Limited. The initiative includes partnerships with blockchain networks Polygon, Arbitrum and Solana, along with exchange Kucoin, to provide daily liquidity and interoperability across multiple blockchain platforms.
"The launch of RYT represents a pivotal moment in our mission to offer compliant, yield-generating tokenized products for institutional investors," said Peter Lok, CEO of Solowin. "By working with financial leaders like Standard Chartered, China AMC (HK), Libeara and AlloyX, we’re delivering a next-generation product that bridges real-world assets and Web3 infrastructure at scale."
Thomas Zhu, CEO of AlloyX, stated: "As Hong Kong positions itself as a global hub for tokenized money and assets, we are proud to collaborate with industry leaders and regulatory authorities through the RYT initiative."
The Hong Kong-based financial services firm operates through Securities and Futures Commission licensed subsidiaries with digital asset capabilities. Solowin was founded in 2016 and participated as a Gold Sponsor at Hong Kong FinTech Week 2024.
The information is based on a company press release statement.