Multiliquid and Metalayer Ventures have launched an institutional liquidity facility on Solana that enables immediate redemptions of tokenized real-world assets (RWAs). The program lets holders convert tokenized positions into stablecoins on demand, addressing a gap in liquidity infrastructure for tokenized markets.
Metalayer Ventures raised and will manage the capital that underwrites redemptions, while Uniform Labs—the team behind the Multiliquid protocol—provides the smart contract layer, pricing, compliance checks and settlement support. According to Uniform Labs, the new facility brings to tokenized assets a form of liquidity comparable to repo markets, prime brokerage and overnight lending in traditional finance.
The Bank for International Settlements has previously warned that tokenized money market funds and similar products can suffer liquidity mismatches that amplify stress during heavy redemptions. Metalayer’s vehicle aims to mitigate that risk by acting as a standing buyer of tokenized RWAs, purchasing assets at a dynamic discount to net asset value so sellers receive immediate liquidity.
At launch, the facility will support tokenized products from issuers including VanEck, Janus Henderson and Fasanara, covering tokenized Treasury funds and selected alternative investments.
Solana has become an increasingly active venue for tokenized RWAs. Per RWA.xyz data, Solana ranks eighth by total RWA value with roughly $1.2 billion represented across 343 assets, a market share near 0.31% and more than a 10% increase in RWA value over the past month. Canton Network, Ethereum and Provenance remain the largest chains for tokenized real-world assets: Canton leads with over $348 billion (about 88% market share), while Ethereum and Provenance each hold roughly $15 billion.
The new facility represents an institutional attempt to scale liquidity for tokenized RWAs and reduce redemption risk, particularly for institutional participants. Readers should verify data and issuer details independently.