Multi-liquid, metallayer issue instant redemptions for tokenized RWAs
Multiliquid and Metallayer Ventures have launched an institutional liquidity facility to provide faster redemptions for real world assets (RWAs) certified on Solana.
The facility allows holders of tokenized assets to convert positions into stablecoins. The vehicle will be launched and managed by MetaLair Ventures, which provides infrastructure and market support to Uniform Labs, the developer behind the multiliquid protocol, according to an announcement to Cointelegraph.
“Traditional finance has repo markets, prime brokerage and overnight lending institutions. This is the liquidity infrastructure that institutional RWA markets require at scale,” said Will Beeson, founder and CEO at Uniform Labs.
Last year, the Bank of International Settlements warned that money market funds could face volatile volatility that could exacerbate tensions amid heightened demand for redemptions.
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Regular buyer offers instant RWA liquidation
Metallayer's facility acts as a permanent buyer of tokenized RWAs, purchasing assets at a variable discount.
Metallayer Ventures provides and manages capital support redemptions, while Multiliquid provides a state-of-the-art contract infrastructure for pricing, compliance enforcement and settlement.
The vehicle will initially support tokenized assets issued by companies including VanEyck, Janus Henderson and Fasana, cover tokenized treasury funds and select alternative investment products.
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Solana found a place in designated RWAs.
The Solana (SOL) token has emerged as a growing space for tokenized RWAs. According to RWA.xyz data, blockchains are ranked eighth in terms of total RWA value with approximately $1.2 billion in 343 assets. Despite its modest market share of 0.31%, Solana is showing steady momentum, with RWA values up over 10% in the past month.
Canton Network, Ethereum (ETH) and Provence are the three largest blockchains by total value of tokenized RWAs.
Canton dominates the market with over $348 billion in RWAs and over 88% market share. Ethereum is in second place with $15 billion, while Provenance holds $15 billion less in assets.
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