AlloyX, a decentralized finance (DeFi) protocol provider, has raised USD 2 million in a pre-seed funding round led by Hack VC, with participation from Circle Ventures, Digital Currency Group, Stratos, and other investors.

The company intends to use the funds to expand operations and its business reach.

Today, AlloyX also launched a liquid real-world asset (RWA) vault product that combines tokenized private credit investments with tokenized US T-bills. The vault taps into the USD 530 million active loans on-chain in the private credit market, offering investors liquidity, yield, and diversification in tokenized credit. AlloyX allows protocols, DAOs, and institutional investors to build diversified investment strategies in real-world assets. The blended vault will be live in early Q3 2023. With this funding, AlloyX has integrated with nine credit protocols and is building an investment vault with its partners Credix Finance and a tokenized US Treasury Bills protocol.

AlloyX allows protocols, DAOs, and institutional investors to build diversified investment strategies in real-world assets. It enables investors to access yields from tokenized credit pools and provide liquidity to loans on-chain. AlloyX has achieved USD 5 million in total value locked (TVL) and generated average yields above 18% since its inception in 2021.