Multiliquid and Metalayer Ventures have introduced an institutional liquidity service designed to allow immediate redemptions for tokenized real-world assets (RWAs) on the Solana blockchain.
This new facility enables asset holders to swiftly convert their positions into stablecoins. The initiative, managed by Metalayer Ventures, is supported in market infrastructure by Uniform Labs, known for the Multiliquid protocol.
“Traditional finance includes mechanisms like repo markets, prime brokerage, and overnight lending. In contrast, tokenized markets have lacked equivalent structures until now,” noted Will Beeson, the CEO of Uniform Labs. “This facility is essential to meet the liquidity demands for institutional RWA markets at scale."
Last year, the Bank for International Settlements raised concerns over liquidity mismatches in tokenized money market funds, which could heighten stress during periods of increased redemption demands.
Instant RWA Liquidity Provided by Standing Buyer
The Metalayer facility acts as a standing buyer of tokenized RWAs, acquiring assets at various discounts to their net asset values. While Metalayer Ventures oversees the capital used for redemptions, Multiliquid delivers the smart contract technology for pricing, compliance, and settlement.
Initially, the service will cater to tokenized assets from firms like VanEck, Janus Henderson, and Fasanara, focusing on tokenized Treasury funds and select alternative investment vehicles.
Solana’s Position in Tokenized RWAs
Solana has positioned itself as a prominent platform for tokenized RWAs, ranking eighth among blockchains with a total RWA value of approximately $1.2 billion distributed over 343 assets. Recent data indicates a growth of more than 10% in RWA value over the past month, despite its modest market share of 0.31%.
Canton Network, Ethereum, and Provenance are the leading blockchains for tokenized RWAs, with Canton representing over $348 billion and maintaining a market share exceeding 88%. Ethereum and Provenance each host about $15 billion in tokenized assets, albeit with fewer assets overall.
Source: RWA.xyz
