The Liquid Federation announced that the Liquid Network has exceeded $3.27 billion in total value locked (TVL), reflecting growing usage of its Bitcoin-based sidechain for digital asset issuance and settlement.
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— Liquid Network 🌊 (@Liquid_BTC) May 22, 2025
“Surpassing the $3 billion threshold marks a pivotal moment for both Liquid and Bitcoin, signaling the evolution of Bitcoin’s ecosystem into a full-fledged platform for global financial markets,” said Dr. Adam Back, CEO and Co-Founder of Blockstream, the Liquid Network’s official technical provider.
“As Bitcoin gains mainstream acceptance, and demand for regulated asset tokenization accelerates, Liquid is better positioned than ever to bridge Bitcoin with traditional finance and drive the next wave of capital markets innovation.”
The announcement comes amid a broader increase in real-world asset tokenization. Recently, BlackRock tokenized a $150 billion U.S. Treasury fund.
A 2025 report by Security Token Market projects the tokenized asset market could reach $30 trillion by 2030.
Launched in 2018, Liquid is governed by more than 80 organizations and offers confidential transactions, atomic swaps, and smart contract functionality.
Blockstream’s AMP platform on Liquid supports over $1.8 billion in tokenized private credit, along with other financial instruments including U.S. Treasury notes, tokenized credit, and currency products.
To support continued growth, the Liquid Federation is expanding developer tools and integrations, and has engaged with policymakers across multiple regions.
Upcoming upgrades include the mainnet release of Simplicity, a new smart contract language.