RWA liquidity protocol
Redeem tokenized treasuries, funds and private credit into stablecoins at NAV: now, not at the end of the issuer’s redemption window. Institutional solvers compete for every order. Settlement is one transaction.
§ 01The problem
Putting a fund on-chain made it transferable, not liquid. Redemptions still clear on daily, monthly or quarterly cycles. That is too slow for treasury management, and far too slow to liquidate collateral in a lending market.
Typical issuer redemption windows · square-root time scale
§ 02Mechanism
Someone always has to wait for the issuer. On Octarine it is a solver who is paid to do it: they advance stablecoins now, take the asset, and redeem it on the issuer’s schedule.
A redemption, or a liquidation in a lending market, is posted as an RFQ and quoted against the asset’s live NAV feed.
Whitelisted solvers bid in basis points per day of redemption time. The best bid wins. Capital only moves once they win.
The Manager contract swaps the RWA for stablecoins in one atomic transaction. The solver waits out the issuer’s queue. You don’t.
§ 03Pricing
AMMs charge you for size. Octarine charges for duration. Solvers quote in basis points per day of redemption time, so your discount to NAV reflects how long the asset takes to redeem, and nothing else.
discount = 4.0 bps × 7 days
The quote is linear in size: ten times the notional clears at the same rate. Illustrative only.
§ 04Two rails
Every order is broadcast to connected trading firms and auctioned. Solvers keep capital deployed in their own strategies until they win, and can fill cross-chain.
Clusters of ERC-4626 vaults, one asset each, all redeemable for one another. Curators set what a Facility accepts and at what rate. Idle capital stays productive.
§ 05Liquidations
RWA collateral can’t be dumped into an AMM. Octarine listens for liquidations in lending markets and routes them to solvers, with custom flows such as Dutch auctions and soft liquidations. Every market gets a guaranteed exit.
§ 06Compliance
Every request and every fill is checked against an on-chain compliance registry before it can route.
Octarine reads issuer whitelists directly. If you are onboarded with the issuer, you are onboarded here.
Solvers are verified and only ever matched with orders they are eligible to fill.
Where an asset requires it, trades settle through licensed Managers. The bridge between TradFi rails and DeFi.
§ 07Participants
Exit RWA positions at NAV, around the clock, without waiting on the issuer or unwinding loops through thin pools.
Launch appEarn a duration premium for warehousing redemptions. Bid only on flow you are eligible for; capital moves only when you win.
Become a solverGive your asset instant secondary liquidity, run your own Facility, or plug the RFQ API into your lending market.
Explore the API§ 08Questions
More in the documentation.
Octarine is a liquidity layer for real-world assets. It aggregates on-chain and off-chain liquidity so tokenized funds, treasuries and credit can be redeemed into stablecoins instantly, with a DEX-like experience and institutional controls.
From institutional liquidity providers (solvers) who compete in an auction for every order, and from Instant Liquidity Facilities, curated ERC-4626 vaults, for smaller flow.
Solvers bid in basis points per day of the asset’s redemption time. Your discount to NAV is proportional to how long the asset takes to redeem, not to the size of your order. Octarine is the first venue to price RWAs on duration risk.
Octarine integrates with issuer whitelists, so if you have already onboarded with the issuer you do not need to do it again. All solvers complete KYC/KYB.
Yes. The RFQ listens for liquidations in markets that use RWAs as collateral, and can enforce custom flows such as Dutch auctions and soft liquidations. Get in touch to integrate.
