Key Facts
- KuCoin Institutional integrated Asseto’s CASH+ into its OES collateral framework.
- CASH+ offers 3.5–4% annualised yield backed 1:1 by a USD money market fund.
- The RCMS system allows institutions to mirror RWAs into trading collateral without transferring ownership.
- Institutions can use CASH+ as collateral while continuing to earn yield.
KuCoin Institutional has added Asseto’s CASH+ token to its collateral framework, allowing institutional clients to use yield-bearing real-world assets (RWAs) as trading collateral without giving up ownership.
The integration expands KuCoin’s Off-Exchange Settlement (OES) programme and its RWA Collateral Mirroring Solution (RCMS), both designed to improve capital efficiency for institutional trading desks.
KuCoin expands RWA collateral through CASH+ integration
CASH+ is a tokenised money market product issued by Asseto that provides 1:1 exposure to the CMS USD Money Market Fund, managed by CMS Asset Management (HK), part of China Merchants Securities.
Each token tracks the fund’s net asset value and is backed by underlying units, with regular proof-of-reserve attestations. According to Asseto, the product offers an annualised yield of around 3.5% to 4%.
The asset is available on Ethereum and BNB Chain, enabling continuous trading and on-chain access to traditional money market returns.
KuCoin OES allows yield and trading at the same time
Under KuCoin’s OES framework, institutions can pledge CASH+ as collateral to obtain stablecoin-equivalent credit lines while keeping the underlying asset in custody.
This removes the typical trade-off between holding liquid collateral and generating yield. Capital can remain invested while still being used for active trading.
KuCoin said this model has already been used by quantitative trading firms, which deploy CASH+ as margin while continuing to earn its underlying yield.
RCMS mirrors real-world assets into crypto trading
The RWA Collateral Mirroring Solution (RCMS) enables institutions to reflect holdings of tokenised real-world assets into trading collateral without transferring ownership.
KuCoin describes this as a bridge between traditional finance and digital asset markets, particularly for products like tokenised money market funds.
Industry coverage such as tokenised money market funds in crypto shows growing institutional interest in combining yield products with on-chain liquidity.
Institutional demand shifts toward yield-bearing collateral
KuCoin says the integration reflects broader institutional demand for collateral that generates returns rather than remaining idle. The ability to use a single asset for both yield and trading is becoming more relevant as capital efficiency becomes a priority.
“The integration of CASH+ into our OES framework reflects a broader shift in institutional demand toward yield-generating, high-quality collateral,” said Tika Lum, Head of Global Business Development at KuCoin Institutional. “With solutions like OES and our RWA Collateral Mirroring Solution (RCMS), we enable institutions to deploy capital seamlessly across traditional and digital markets—enhancing capital efficiency while preserving yield and maintaining full asset control.”
Bridget Li, CEO and Co-Founder of Asseto, stated: “CASH+ was built to solve a real problem: institutions in the digital asset space need a safe, yield-generating instrument that integrates natively with on-chain infrastructure. Being accepted into KuCoin’s RCMS recognised product validates that CASH+ has achieved the institutional credibility and product maturity the market demands.”
KuCoin Adds CASH+ to OES, Expands RWA Collateral
Related developments in RWA tokenisation growth indicate that exchanges are increasingly integrating traditional financial assets into crypto infrastructure.
FAQ
What is CASH+?
CASH+ is a tokenised money market product that provides 1:1 exposure to a USD money market fund and offers an annualised yield of around 3.5% to 4%.
How does KuCoin’s OES framework work?
The OES framework allows institutions to use assets like CASH+ as collateral to access trading credit without transferring ownership, enabling both yield generation and trading activity.
What is RCMS?
RCMS (RWA Collateral Mirroring Solution) is KuCoin’s system for mirroring real-world asset holdings into trading collateral using stablecoin equivalents while preserving ownership.
The integration of CASH+ highlights a broader shift toward more productive collateral in crypto markets. As tokenised real-world assets gain traction, exchanges are increasingly building infrastructure that allows institutions to deploy capital more efficiently.
