Blockchain infrastructure firm Uniform Labs and venture capital firm Metalayer Ventures have jointly launched an institutional liquidity facility to provide instant redemption for holders of tokenised real-world assets (RWAs).
In a press release, Uniform Labs describes the facility as “the first dedicated liquidity vehicle designed to address the redemption bottleneck that has constrained institutional adoption of tokenised assets”. It is also made to be “scaled and extended based on market feedback performance”.
Collaborative effort
Metalayer Ventures, serving as the capital provider in the collaboration, will be managing the facility that supplies the liquidity to enable instant redemptions. Uniform Labs’ Multiliquid liquidity protocol will provide the issuer and ecosystem relationships as well as smart contract infrastructure. Multiliquid will also be managing the liquidity platform that handles pricing, interoperability, compliance enforcement, swaps, and third-party integrations. The facility is deployed on the Solana blockchain network.
Assets will be purchased at a dynamic discount rate relative to net asset value (NAV). Liquidity providers will be compensated to provide asset holders with immediate asset to capital. With this facility, holders of tokenised RWAs can convert their assets to stablecoins instantly, 24/7.
The wait is over
The facility will support tokenised assets from issuers including VanEck, Janus Henderson, and Fasanara. Supported assets include tokenised Treasury funds and some alternative asset funds. Integrations with Solana’s decentralised finance (DeFi) protocols, including Kamino, are pending. Once set up, they will enable users to exit RWA positions instantly rather than waiting for issuer redemption windows.
