- Solana’s onchain real-world asset market has surpassed $1 billion in total value locked.
Multiliquid and Metalayer launched a 24/7 instant stablecoin redemption facility for tokenized assets. - The facility enables redemptions without issuer windows, using discounted NAV pricing for liquidity.
- Initial supported issuers include VanEck, Janus Henderson, and Fasanara on Solana.
Solana’s onchain conventional asset market has crossed $1 billion in total value locked, and a new liquidity facility is now live to support that scale. Multiliquid and Metalayer have launched an instant redemption system that allows institutions to convert eligible tokenized assets into stablecoins at any time.
A New Liquidity Facility for Tokenized Assets
The instant redemption facility is designed for institutional use on Solana. It allows supported tokenized assets to be redeemed for stablecoins without waiting for issuer windows. Redemptions are available 24 hours a day, including weekends and holidays.
🚨 RWA Update on Solana
Multiliquid and Metalayer have launched the first instant RWA redemption facility on Solana.
Institutions can now swap eligible tokenized real-world assets into stablecoins 24/7, removing liquidity frictions across private credit, real estate, and… pic.twitter.com/9OehYCk9qF
— Solana Daily (@solana_daily) February 6, 2026
This structure removes delays that often last several days. Many digital funds only allow payouts at fixed intervals. The new system offers a continuous exit option, which aligns better with onchain settlement speeds and trading activity.
Metalayer Ventures manages the capital pool used for payouts. Multiliquid provides pricing, compliance checks, and settlement through smart contracts. Together, the firms aim to reduce liquidity hurdles across private credit, real estate, and alternative investment products.
Pricing Model and Capital Structure
The facility operates through a discount to net asset value. The pool buys approved digital assets below their stated NAV. The discount pays liquidity providers for offering immediate access to stablecoins.
This approach resembles repurchase agreement markets in traditional finance. In those markets, assets are sold at a discount to secure short-term liquidity. The same principle is applied onchain, but settlement occurs through smart contracts.
Metalayer supplies and manages the redemption capital. Multiliquid handles asset eligibility rules and transaction execution. Compliance checks are embedded in the process, which supports institutional requirements and reporting needs.
Supported Issuers and Asset Coverage
The initial issuers supported by the facility include VanEck, Janus Henderson, and Fasanara. These firms provide tokenized Treasury products and selected alternative assets. The coverage focuses on assets already used by institutional investors.
The system is issuer-agnostic but limited to approved products. Only assets that meet pricing and compliance standards can access instant redemption. This reduces risk for liquidity providers and maintains consistent settlement terms.
By supporting well-known asset managers, the facility targets institutional adoption. These issuers already operate within regulated frameworks, which supports broader participation from funds and allocators.
Addressing Liquidity Mismatch on Solana
Solana’s RWA market has grown quickly, reaching more than $1 billion in value. However, liquidity has not always matched transfer speed. Onchain tokens can move instantly, but off-chain settlements often remain slow.
The Bank for International Settlements has noted this mismatch in tokenized markets. Onchain assets trade continuously, but cash-out processes remain tied to legacy schedules. The new facility addresses this gap through instant stablecoin exits.
By offering steady liquidity, the system lowers barriers for institutions. Investors can enter tokenized markets with clearer exit options. As Solana’s RWA ecosystem expands, this structure provides infrastructure suited to its current scale.
Source: https://www.livebitcoinnews.com/1b-milestone-solana-launches-instant-rwa-redemptions/