MERC, Explained: The Access Token of Mercury RWA

Four Questions, One Token

Understanding MERC comes down to four questions. The opportunity explains why tokenized real-world assets matter now. Liquid Mercury is the company behind the infrastructure. Mercury RWA is the marketplace where those assets trade. And MERC is the token that connects participants to all of it. The sections below take each in turn.

The Opportunity

Trillions of dollars in real-world assets sit illiquid. Roughly $13 trillion of private capital is locked behind the mechanics of today's private markets: capital lockups of seven to ten years, quarterly self-reported NAV, manual settlement over fax and email, opaque counterparty risk, and accredited gatekeeping at every step.

Tokenization is scaling fast against that backdrop. Tokenized real-world assets are projected to reach $418 billion by 2026 and $3.0 trillion by 2030 (both figures are estimates). Tokenized markets replace the old frictions with fractional secondary trading, exchange-verified data, programmable on-chain settlement, a compliant counterparty framework, and institutional onboarding rails.

• ~$13 trillion of private capital locked behind 7-10 year lockups and manual settlement
• Tokenized RWA projected at $418B by 2026 and $3.0T by 2030 (estimates)
• Fractional secondary trading replaces multi-year capital lockups
• Programmable on-chain settlement replaces fax-and-email workflows

Who Is Liquid Mercury

Liquid Mercury builds institutional trading infrastructure: three products on one stack.

Mercury Pro is the execution layer, with multi-venue connectivity, smart order routing, and real-time risk controls. Mercury OTC replaces voice-brokered OTC workflows with 24/7 automated RFQ across multiple dealers, deployable white-label. Mercury RWA is the access tier, where tokenized assets trade with continuous price discovery and delivery-versus-payment settlement.

MERC belongs to the third product. It is the token that connects participants to Mercury RWA.

What Is Mercury RWA

Mercury RWA is an institutional marketplace where tokenized real-world assets trade as programmable tokens. Three things define it.

Institutional access means KYC/AML onboarding is embedded in the platform and built for trading desks, funds, and issuers. Multi-asset listings span six companies across six distinct asset classes. And settlement is programmable delivery-versus-payment on Ethereum, integrated with BitGo custody, so the asset and the payment move together or not at all.

Who's Onboarding

Six companies are onboarding to Mercury RWA, each bringing a different asset class to the marketplace.

• Champion Venture Partners: minority sports equity across EFL Championship, Serie A, and USL clubs, traded on a CVP private secondary
• TokenBloq: a joint venture with Fernhill Corp (OTC: FERN) targeting the $13T of locked-up private capital through tokenized SPVs and an SEC-registered ATS
• GlassPort Digital: the first regulated marketplace for verified digital-asset strategies, with 250+ traders and 200+ allocators
• Stratofied: private student loans as fractional, tradable smart contracts with drill-down transparency, in a $145B market
• ISO: an execution layer for institutional crypto options with novated clearing and cross-margining across 1,500+ names (listing pending, targeted Q3 2026)
• Annex Mercantile: circular re-commerce, refurbishing electronics returns, overstock, and trade-ins to factory spec, with ANX tokenizing the inventory

Where MERC Fits In

MERC is a key to the marketplace, with three functions.

Marketplace access: the token gates entry to Mercury RWA features, listings, and counterparty workflows. Fee discounts: MERC offsets platform fees, with the mechanics defined by the operator. And breadth: a single token spans every listed asset class, so one key covers sports equity, private capital, student loans, crypto options, and the rest of the listing pipeline.

Tokenomics

The supply is 6,000,000,000 MERC, fixed. The token is an ERC-20 on Ethereum and is available on Base via the Wormhole bridge.

The Ethereum (ERC-20) contract is 0x6EE2f71049DDE9a93B7c0EE1091b72aCf9b46810. The Base contract, deployed via Wormhole, is 0x8923947EAfaf4aD68F1f0C9eb5463eC876D79058. Always verify contract addresses against merc.liquidmercury.com before interacting with either one.

Allocation breaks down as follows:

• Ecosystem: 20% (1.20B MERC)
• Future staking/rewards: 20% (1.20B MERC)
• Team: 15% (0.90B MERC)
• Treasury: 15% (0.90B MERC)
• Liquidity: 15% (0.90B MERC)
• Investors: 10% (0.60B MERC)
• Partners: 5% (0.30B MERC)

Compliance: MiCA

MERC's MiCA white paper was published on 19 June 2026 and is available at liquidmercury.com/micar-whitepaper. Under the EU single-market regime it is passportable across 30 EU/EEA jurisdictions. All MERC marketing, including this explainer, follows MiCA Article 7: fair, clear, non-misleading, and consistent with the white paper.

Two caveats matter here. MiCA characterization remains subject to ongoing review. And a white paper is a regulatory disclosure; it does not imply endorsement or approval by any regulator.

What's Next

Three workstreams are ahead for the token: activating the staking contract (dual-chain staking functionality, with mechanics and timing still to be determined), pursuing Tier-1 centralized exchange listings for MERC, and implementing a governance mechanism.

All three are forward-looking plans. Each is subject to uncertainty and may not occur, or may occur on a different timeline than currently planned.

To follow progress, or to read the source material this explainer draws from, visit merc.liquidmercury.com.

Important Disclosures

This material is provided for informational purposes only. It is not an offer, a solicitation, or investment advice, and nothing in it should be read as a recommendation to acquire any token or asset.

All forward-looking statements, including market-size projections, listing plans, and product timelines, are subject to uncertainty and may not occur. The ISO listing is pending and targeted for Q3 2026; it may not complete.

MERC's MiCA characterization remains subject to ongoing review. A crypto-asset white paper is a regulatory disclosure and does not imply endorsement or approval by any regulator. Verify contract addresses against merc.liquidmercury.com before interacting with them.