Is Standard Chartered Ready to Boost Polygon? POL Price Forecast For Uptober
The custodial function of Standard Chartered for a newly launched tokenized money-market fund highlights Polygon as “Uptober” kicks off and POL price steadily rises.
AlloyX and Polygon Labs, with custodial services from Standard Chartered Bank, have introduced RYT, a tokenized money-market fund utilizing the Polygon protocol, linked to Hong Kong.
The goal is to provide regulated, on-chain yield while connecting DeFi with traditional banking systems.
AlloyX mentioned that RYT merges on-chain transparency with a regulated framework and T+1 settlement. Standard Chartered will manage custody, while Polygon Labs aids in the launch.
The fund will first launch on Polygon before branching out to additional blockchains.
“RYT seeks to connect Decentralized finance market fluidity with a clear, audited cash management system,” stated AlloyX CEO Dr. Thomas Zhu.
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What Is the Significance of the MATIC-to-POL Transition for Polygon Users?
For Standard Chartered, this launch enhances its expanding digital asset strategy. The bank already runs a regulated spot trading service for institutional clients and established an EU custody entity earlier this year.
It is also working on a collateral program focused on tokenized money-market funds, showcasing a broader commitment to bank-grade tokenization infrastructure.
Polygon’s POL token was trading around $0.241 in afternoon trading, reflecting a rise of approximately 3-4% over the past day, which translates to a market cap of roughly $2.5 billion. Throughout the day, the price ranged from $0.233 to $0.241.
The platform successfully completed its MATIC-to-POL migration in September, with about 99% of the tokens having been converted.
Polygon keeps reporting strong usage indicators, noting hundreds of thousands of daily active addresses, millions of daily transactions, and a stablecoin float in the billions, which are the types of metrics that real-world asset issuers look for when evaluating blockchains.
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POL Price Forecast: Is Polygon’s Price Preparing for a Optimistic Turn?
The stablecoin activity on Polygon has surged significantly since 2023, with daily transaction volumes increasing by over 900% in just a few years.
$POL daily stablecoin transaction volume is experiencing explosive growth.
Since 2023, the daily stablecoin transaction volume on Polygon has grown by over 900%.
This chart screams one thing loud and clear: @0xPolygon is built for payments.
pic.twitter.com/brWxXcfjbJ
— Lennaert Snyder (@LennaertSnyder) October 1, 2025
The graph indicates that the volume base stabilized up until 2022 before experiencing a significant increase starting mid-2024. By late 2025, daily transfers in Polygon stablecoins exceeded 500,000, marking a peak in protocol activity.
