Standing Liquidity Facility
For Tokenized Assets

RAVA absorbs exit pressure before it reaches fund redemption. We provide guaranteed liquidity at a transparent, oracle derived price.

UPSTREAM LIQUIDITY COORDINATOR

Price. Gate. Route.

RAVA sits between exit demand and fund redemption. We coordinate how liquidity rights are exercised through three integrated functions.

Pricing

Convert time, capacity, and risk into explicit haircuts and discounts. Curator network underwrites assets with public methodology.

Gating

Rate limit and queue exit flow before it reaches the fund gate. Prevents redemption runs through mechanical, transparent rules.

Routing

Send flow to fund gate when capacity exists. Route overflow to alternative paths (DTF, SRT) when redemption is constrained.

THE CORE PRODUCT

Standing Bid: Guaranteed Exit

RAVA commits capital to purchase your assets at the oracle derived discount price. Always available. Always transparent.

YOUR POSITION
$100M Private Credit
Monthly redemption, gated
Standing Bid
Always available at oracle price
GUARANTEED EXIT
Discount
4%
You Receive
$96M

Exit when you need to. No waiting for redemption windows. No queue uncertainty.

HOW WE PRICE FAIRLY

VaR Oracle: Transparent Pricing

The Standing Bid price comes from our VaR Oracle. A curator network underwrites each asset using public methodology. Every input is visible. Every output is auditable.

HAIRCUT
Orderly Exit Cost
What you lose in a normal, patient exit
When
Using assets as collateral, margin calculations
Based On
Duration, redemption terms, asset risk, market conditions
Example
Private Credit (quality): 2% to 8%
DISCOUNT
Stressed Exit Cost
What you lose when you need to exit now
When
Standing Bid execution, liquidation pricing
Based On
Haircut plus execution costs (slippage, market impact)
Example
Private Credit (short duration): 20% to 45%

Haircut is for collateral valuation.Discount is for immediate exit.

SECONDARY MARKET PRICING

Discounts Reflect Actual Market Conditions

Based on observed secondary market transactions. Quality assets in normal markets trade near NAV. Stressed conditions and illiquid assets trade at wider discounts.

0% to 1%
discount range
Tokenized Treasuries
Near NAV, highly liquid
2% to 8%
discount range
Private Credit (Quality)
Trading at 92-98% of NAV
8% to 15%
discount range
Private Credit (Stressed)
Gated funds, uncertain recovery
6% to 15%
discount range
Buyout PE Funds
LP portfolios, quality managers
15% to 40%
discount range
Venture / Growth
Higher in stressed markets
5% to 15%
discount range
REITs (Large Cap)
Public markets, sector varies
15% to 30%
discount range
REITs (Small/Mid)
Less liquid, higher volatility
15% to 40%
discount range
Private Real Estate
Leverage magnifies discount
30% to 50%
discount range
Distressed / Office
Sector stress, uncertain NAV

Source: Secondary market transaction data from Jefferies, Evercore, and S&P Global (2024-2025).

LIVE ORACLE DEMO

Watch Pricing Update in Real Time

Discounts adjust continuously as market factors change. Dynamic components can be hedged. Static components reflect structural risk.

Asset NAV
$100M
Update in 5s
Static Component
5.0%
Credit Spreads
2.6%
Risk Free Rate
1.8%
Volatility
2.1%
Liquidity
1.5%
Total Discount
8.0%
SLF Settlement Value
$92.0M

Exit When You Need To

Standing Bid provides guaranteed liquidity at a transparent price. No waiting for redemption windows. No queue uncertainty.