Pontoro and Archax launched an automated liquidity pool pilot on Stellar during Meridian 2026, combining liquid money-market assets with exposure to private-market funds. Archax provides regulated tokenization and issuance of permissioned interests, while Pontoro supplies the model and operating infrastructure. The structure relies on predefined pricing and allocation rules that adjust incentives according to redemptions and subscriptions, without promising to make illiquid assets immediately available for cash redemption. Pool interests are issued as permissioned tokens held in identity-verified wallets, while the fund manager retains authority over asset selection, valuation, and governance. Redemption outcomes, subscription volumes, and performance under liquidity pressure remain to be demonstrated.
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