An instant redemption backstop for RWAs on Solana has been launched by Multiliquid and Metalayer Ventures. The system provides immediate liquidity for tokenized real-world assets. It allows asset holders to redeem RWAs for stablecoins without waiting for issuer redemption periods. The facility operates continuously on the Solana blockchain.
Instant Redemption Backstop for RWAs on Solana and Liquidity Structure
The announcement was made through a press release shared with Cointelegraph. Metalayer Ventures supplies and manages the capital supporting the backstop. Multiliquid provides the protocol infrastructure. Uniform Labs supports smart contract deployment and market operations.
The backstop functions as a standing liquidity buyer. It purchases supported tokenized RWAs at a variable discount to net asset value. This approach enables predictable exits for token holders. Pricing and settlement occur through on-chain contracts. Compliance rules are enforced automatically during transactions.
Supported Assets in the Instant Redemption Backstop for RWAs on Solana
The instant redemption backstop for RWAs on Solana initially supports tokenized products from several asset managers. These include VanEck, Janus Henderson, and Fasanara. The assets consist mainly of tokenized Treasury funds and select alternative investment products.
Eligible holders can exchange these tokenized assets for stablecoins instantly. The mechanism reduces settlement delays common in traditional RWA structures. The system is designed for institutional-grade liquidity access.
Solana’s Growing Role in Tokenized Real-World Assets
Solana currently ranks eighth among blockchains by total tokenized RWA value. Approximately $1.2 billion in RWAs are represented across about 343 assets. Data from RWA.xyz shows Solana’s RWA value increased by more than 10% over the past month.
Canton Network leads the RWA market by value. It holds more than 88% of total market share. Canton exceeds $348 billion in tokenized assets. Ethereum and Provenance follow, each holding roughly $15 billion in RWA value.
The instant redemption backstop for RWAs on Solana addresses liquidity constraints that have limited broader adoption of on-chain real-world assets.
Source: https://cointelegraph.com/news/multiliquid-metalayer-instant-redemption-backstop-rwas-solana
