Multiliquid and Metallayer Ventures have launched an institutional liquidity facility to offer prompt redemption of tokenized actual world belongings (RWA) on Solana.
This characteristic permits holders of tokenized belongings to immediately convert their positions into stablecoins. In keeping with an announcement shared with Cointelegraph, the car will likely be procured and managed by Metallayer Ventures, with infrastructure and market help supplied by Uniform Labs, developer of the Multiliquid protocol.
“Conventional finance has repo markets, prime brokerage, and in a single day lending capabilities. Till now, there was no equal within the tokenization market,” stated Will Beeson, founder and CEO of Uniform Labs. “That is the liquidity infrastructure that the institutional RWA market wants at scale.”
Final 12 months, the Financial institution for Worldwide Settlements warned that tokenized cash market funds have been dealing with liquidity mismatches, which may exacerbate stress at a time of excessive redemption demand.
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Resident consumers present prompt RWA liquidity
Metalayer's amenities act as standing consumers of tokenized RWA, buying belongings at a dynamic low cost to their internet asset worth.
Metalayer Ventures will provide and handle the capital backing redemptions, and Multiliquid will present the good contract infrastructure used for pricing, compliance enforcement, and settlement.
The car will initially help tokenized belongings issued by corporations resembling VanEck, Janus Henderson, and Fasanara, and can cowl tokenized Treasury funds and a few different funding merchandise.
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Solana positive factors floor with tokenized RWA
Solana (SOL) is rising as a spot of progress for tokenized RWA. In keeping with RWA.xyz knowledge, it ranks eighth amongst blockchains by way of complete RWA, with roughly $1.2 billion represented in 343 belongings. Though its market share stays modest at 0.31%, Solana has proven regular momentum, rising its RWA worth by greater than 10% over the previous month.
Overview of the RWA market. Supply: RWA.xyz
Canton Community, Ethereum (ETH), and Provenance are the three largest blockchains with complete quantity of tokenized RWA.
Canton dominates the market with over $348 billion RWA and over 88% market share. Ethereum ranks second with $15 billion in tokenized belongings, whereas Provenance additionally has fewer belongings with $15 billion.
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