OPLD: On-Policy Latent Distillation for Multimodal Reasoning
Interleaved multimodal Chain-of-Thought (CoT) improves visual reasoning by incorporating auxiliary visual evidence into intermediate reasoning. However, existing approaches remain constrained by externally defined reasoning traces and visual operations, limiting their ability to develop flexible and abstract visual thinking. Reasoning with latent has recently offered a promising direction by internalizing intermediate computation into continuous representations. Nevertheless, existing visual-latent methods mainly supervise latent states through alignment with compressed auxiliary visual features, treating them as proxies for visual observations rather than active reasoning states. Consequently, they capture the provided evidence but fail to fully internalize the abstract reasoning process induced by multimodal CoT. In this paper, we propose OPLD (On-Policy Latent Distillation), a simple framework that transfers the reasoning capability induced by privileged multimodal CoT into latent reasoning representations. Extensive experiments on diverse multimodal benchmarks demonstrate that OPLD consistently outperforms existing latent reasoning methods and achieves state-of-the-art performance on multiple benchmarks. The results suggest that supervising latent representations at the reasoning-process level provides a more effective paradigm for multimodal latent reasoning than conventional feature-level alignment.