Network connects issuers and market makers via request-for-quote system
Symbiotic, a crypto infrastructure firm, launched Liquid Lane on June 2, a network that enables instant redemptions of tokenized assets into USDC stablecoins. The system routes redemption requests through a request-for-quote mechanism where verified market makers compete to provide liquidity while acquiring the underlying tokenized assets.
The rollout addresses a structural friction in institutional adoption of tokenized assets. Redemption delays can stretch for months, according to Symbiotic, creating pricing inefficiencies that slow adoption among institutions managing real-world assets (RWA). The RWA market has crossed $33 billion, yet most of those assets still lack on-demand redemption capability.
“The RWA market has crossed $33 billion, but most of those assets still can’t be redeemed on demand. Institutions understand that, which is why liquidity gets priced at a premium,” said Misha Putiatin, Symbiotic cofounder.
Liquid Lane uses a market-based design where issuers post redemption requests and market makers bid to fill them. Once a bid is accepted, settlement occurs in the background while the market maker holds the tokenized asset. Market makers earn redemption spreads, lending income from protocols like Aave and Morpho, and returns from other Symbiotic applications. The network uses shared collateral supporting multiple issuers, reducing capital inefficiency.
Fasanara Capital, manager of mGLOBAL, serves as the first vault curator on Liquid Lane. Avantgarde Finance, Barter, and KPK also operate as vault curators. Midas is the first integrated issuer. RedStone Settle functions as the system connector.
Symbiotic emerged in crypto’s restaking sector before expanding to support broader financial applications. The firm describes itself as a collateral-markets platform spanning credit, insurance, stablecoins, and tokenized assets. The company has secured $550 million in infrastructure across its applications and counts Paradigm, Pantera Capital, and Coinbase Ventures among its backers.
Tokenized assets redemptions through Liquid Lane carry a maximum 180-day window. The broader tokenized assets market is projected to reach $5 trillion by 2030, according to Citi, with some forecasters like BCG and Ripple estimating $19 trillion by 2033.
Symbiotic’s launch follows a competitive push in tokenized asset liquidity infrastructure. Rival firm Grove launched Basin, a liquidity network with $1 billion in size, last month. Basin counts BlackRock and Janus Henderson as partners.
Putiatin framed the expansion as consistent with blockchain’s core function. “What do we do best as a blockchain industry? We democratize access. We give access to something that was not available before, and we streamline it so it’s more efficient,” he said.
