Multiliquid and Metalayer Ventures have launched an institutional liquidity facility to provide instant redemptions for tokenized real-world assets (RWAs) on the Solana blockchain. The facility acts as a standing buyer, allowing holders to instantly convert positions into stablecoins. This addresses a liquidity mismatch previously warned about by the Bank for International Settlements. Initial support includes tokenized assets from firms like VanEck, Janus Henderson, and Fasanara.
A new liquidity facility launched by Multiliquid and Metalayer Ventures provides instant redemptions for tokenized real-world assets on Solana. The vehicle allows holders to convert RWA positions into stablecoins instantly, addressing a key institutional need.
Metalayer Ventures supplies and manages the capital backing the redemptions. Multiliquid provides the smart contract infrastructure used for pricing, compliance, and settlement.
“Traditional finance has repo markets, prime brokerage and overnight lending facilities. Tokenized markets have had nothing comparable, until now,” said Will Beeson, founder and CEO at Uniform Labs. “This is the liquidity infrastructure that institutional RWA markets will require at scale.”
The facility functions as a standing buyer of tokenized RWAs, purchasing assets at a dynamic discount to net asset value. It will initially support tokenized Treasury funds and select alternative investment products from several firms.
Solana has emerged as a growing venue for tokenized RWAs, ranking eighth among blockchains by total value. According to RWA.xyz data, it holds about $1.2 billion represented across 343 assets.
While its market share is currently 0.31%, Solana’s RWA value increased by more than 10% in the past month. The largest blockchains for tokenized RWAs are Canton Network, Ethereum, and Provenance.
Canton Network dominates the market with over $348 billion in RWAs and an 88% market share. Ethereum and Provenance each hold approximately $15 billion in tokenized assets.
