Multiliquid and Metalayer Ventures have launched an institutional liquidity facility to enable instant redemptions of tokenized real-world assets (RWAs) on Solana.
The facility lets holders of tokenized assets convert positions into stablecoins immediately. Metalayer Ventures raised and will manage the capital that backs redemptions, while Uniform Labs—the team behind the Multiliquid protocol—provides the smart contract infrastructure, pricing, compliance enforcement and settlement support, according to an announcement shared with Cointelegraph.
“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 Bank for International Settlements warned last year that tokenized money market funds can face liquidity mismatches that might amplify stress during periods of heavy redemptions.
Metalayer’s vehicle operates as a standing buyer of tokenized RWAs, acquiring assets at a dynamic discount to net asset value to provide immediate liquidity. Initially, the facility will support tokenized products issued by firms including VanEck, Janus Henderson and Fasanara, covering tokenized Treasury funds and selected alternative investments.
Solana has emerged as a growing venue for tokenized RWAs. According to RWA.xyz data, Solana ranks eighth by total RWA value, with roughly $1.2 billion represented across 343 assets. Its market share is modest at about 0.31%, but RWA value on Solana has risen by more than 10% in the past month.
Canton Network, Ethereum and Provenance remain the largest blockchains for tokenized RWAs by total value. Canton leads the market with over $348 billion and roughly 88% market share, while Ethereum and Provenance each hold about $15 billion in tokenized assets.
RWA market overview. Source: RWA.xyz
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