Multiliquid and Metalayer Ventures have launched an institutional liquidity facility to provide immediate redemptions of tokenized real estate assets (RWAs) on the Solana platform.
The feature allows holders of tokenized assets to instantly convert their positions into stablecoins. According to an announcement shared with Cointelegraph, the vehicle is being built and managed by Metalayer Ventures, with infrastructure and market support provided by Uniform Labs, creator of the Multiliquid protocol.
“Traditional finance includes repo markets, brokerage services and overnight lending facilities. Tokenized markets have had nothing comparable until now,” said Will Beeson, founder and CEO of Uniform Labs. “This is the liquidity infrastructure that institutional risk-weighted asset markets will require at scale.”
Last year, the Bank for International Settlements warned that tokenized money market funds face liquidity mismatches that can exacerbate stress during periods of increased redemption demand.
Related: Startales and SBI launch blockchain for institutional currency and RWA trading
A repeat buyer provides immediate liquidity to RWA
The Metalayer facility functions as an ongoing buyer of tokenized RWA assets, purchasing assets at a energetic discount to net asset value.
Metalayer Ventures provides and manages capital collateral redemptions, while Multiliquid provides the intelligent contract infrastructure used for pricing, compliance enforcement and settlement.
The tool will initially support tokenized assets issued by companies such as VanEck, Janus Henderson and Fasanara, including tokenized treasury funds and selected alternative investment products.
Related: True tokenization requires the ability to compose assets, not wrapped bubbles
Solana is gaining popularity in tokenized RWAs
Solana (SOL) has emerged as a growing space for tokenized risk-weighted assets. It ranks eighth among blockchains in terms of total RWA with approximately $1.2 billion represented in 343 assets, According to to RWA.xyz data. Although its market share remains modest at 0.31%, Solana has shown steady growth, with RWA increasing by over 10% over the past month.
Canton Network, Ethereum (ETH), and Provenance are the three largest blockchains for tokenized RWAs in terms of total value.
Canton dominates the market with over $348 billion in RWA and over 88% market share. Ethereum ranks second with $15 billion in tokenized assets, while Provenance also has $15 billion with fewer assets.
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