{"version":1,"id":"multiliquid","title":"Multiliquid","summary":"Multiliquid is a smart-contract protocol that enables atomic, fixed-price swaps between tokenized real-world assets and stablecoins for institutional liquidity and treasury management.","content":"**Multiliquid** is an institutional smart-contract protocol for atomic, 24/7 swaps between tokenized [real-world assets (RWAs)](https://iq.wiki/wiki/real-world-assets-rwas) and [stablecoins](https://iq.wiki/wiki/stablecoin). Developed by Uniform Labs, it is designed to provide liquidity and settlement for assets such as tokenized money-market funds while preserving their net asset value (NAV)-based pricing and issuer controls.[\\[1\\]](#cite-id-llcx0m4yjv)​[\\[2\\]](#cite-id-v1rvr3kn7t)​\n\n## Overview\n\nMultiliquid launched on [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet) on December 17, 2025, with an initial set of tokenized assets and [stablecoins](https://iq.wiki/wiki/stablecoin).[\\[2\\]](#cite-id-v1rvr3kn7t) On February 5, 2026, Multiliquid announced an institutional liquidity facility on [Solana](https://iq.wiki/wiki/solana), launched with Metalayer Ventures, to support instant redemptions of tokenized [RWAs](https://iq.wiki/wiki/real-world-assets-rwas).[\\[2\\]](#cite-id-v1rvr3kn7t) On March 26, Multiliquid said it was providing infrastructure for PRISM, a [Solana](https://iq.wiki/wiki/solana) router developed with [Loopscale](https://iq.wiki/wiki/loopscale) and [Securitize](https://iq.wiki/wiki/securitize). Loopscale described PRISM as bringing together Multiliquid, [Fission](https://iq.wiki/wiki/fission), and Securitize to enable instant settlement for permissioned [RWAs](https://iq.wiki/wiki/real-world-assets-rwas).[\\[5\\]](#cite-id-e3bo950hku)​\n\nThe company described Carry as a liquidity-management platform through which [liquidity providers](https://iq.wiki/wiki/liquidity-providers) buy tokenized assets at a discount and redeem them.[\\[2\\]](#cite-id-v1rvr3kn7t) Multiliquid said its Swap service offered instant liquidity across 10 tokenized assets, with users able to exchange tokenized funds and stablecoins in a single atomic transaction.[\\[5\\]](#cite-id-e3bo950hku)​[\\[2\\]](#cite-id-v1rvr3kn7t)​\n\nMultiliquid announced a seed round led by [Polychain Capital](https://iq.wiki/wiki/polychain-capital) and said the round brought its total funding to $8 million. The company’s announcement named Strobe Ventures, [CMT Digital](https://iq.wiki/wiki/cmt-digital), Metalayer Ventures, Generative Ventures, and Circle Ventures as participants; its X announcement listed Strobe Fund and Genventure Capital among the participants.[\\[2\\]](#cite-id-v1rvr3kn7t)​[\\[5\\]](#cite-id-e3bo950hku)​\n\n## Design and Settlement\n\n### NAV-Based Swaps\n\nMultiliquid is designed for assets whose value is determined by NAV rather than by continuous market trading. The [whitepaper](https://iq.wiki/wiki/white-paper) describes tokenized money-market funds as typically redeemable at par on a T+2 basis and yielding near the risk-free rate. Multiliquid aims to make those assets convertible outside ordinary redemption windows while maintaining NAV-based valuation, yield, and compliance controls.[\\[1\\]](#cite-id-llcx0m4yjv)​\n\nThe protocol uses fixed-price swaps based on an asset’s NAV, obtained from the asset contract or an oracle. A [stablecoin](https://iq.wiki/wiki/stablecoin) issuer or capital provider can apply a Price Adjustment, expressed in basis points, to account for risk, operational costs, timing, or settlement conditions.[\\[1\\]](#cite-id-llcx0m4yjv) [\\[3\\]](#cite-id-b7o19eaieo) \n\n### Swap Process\n\nUsers can submit swap requests through Multiliquid’s frontend, third-party frontends, an application programming interface (API), or direct [smart-contract](https://iq.wiki/wiki/smart-contract) calls. The interface is designed to show available liquidity and expected output after adjustments and fees. Swaps are atomic: the component steps either complete together or revert.[\\[1\\]](#cite-id-llcx0m4yjv)​\n\nThe operational flow includes approving token transfers, specifying the input asset and amount, checking permissions and limits, and calculating the output from NAV, adjustments, fees, and [gas](https://iq.wiki/wiki/gas). Asset-specific risk checks then run before the relevant delegate [mints](https://iq.wiki/wiki/minting), burns, or transfers assets. The protocol deducts fees and delivers the output, emitting events as part of the transaction.[\\[1\\]](#cite-id-llcx0m4yjv)​\n\n## Use Cases\n\nMultiliquid’s Atomic Settlement Engine is offered through Multiliquid Swap. The company describes its routing stack as combining liquidity aggregation, pricing oracles, whitelist checks, and smart routing, with API, REST, and on-chain integration options. The service is described as operating on [Ethereum](https://iq.wiki/wiki/ethereum) and [Solana](https://iq.wiki/wiki/solana).[\\[6\\]](#cite-id-t5d49o3xrk)​\n\nMultiliquid Treasury is designed to sweep idle operational [stablecoin](https://iq.wiki/wiki/stablecoin) balances into Treasury-bill yields and redeem them back into [USDC](https://iq.wiki/wiki/usdc) through atomic T-0 redemptions. The company presents it as a way for businesses to deploy operational float and card-settlement reserves while retaining access to stablecoins, and advertises an indicative APY of up to 3.5% for this use case.[\\[6\\]](#cite-id-t5d49o3xrk)​\n\nThe company identifies other intended uses including treasury sweeps, stablecoin reserve management, instant purchases and redemptions of tokenized assets, cross-asset swaps, and payment integrations. Its examples include converting tokenized Treasury assets into spendable stablecoins when making debit-card, peer-to-peer, ACH, or SEPA payments, and automatically moving idle balances between stablecoins and tokenized assets.[\\[1\\]](#cite-id-llcx0m4yjv)​[\\[3\\]](#cite-id-b7o19eaieo)​\n\n## Integration and Compliance\n\nUniform Labs supports institutional deployments and third-party developers integrating through APIs, frontends, or [smart contracts](https://iq.wiki/wiki/smart-contract). The [whitepaper](https://iq.wiki/wiki/white-paper) names neobanks, wallets, corporate treasury and payments platforms, lending protocols, curators, liquid funds, trading desks, [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange), and [DeFi](https://iq.wiki/wiki/defi) aggregators as potential integrations. Examples include [stablecoin](https://iq.wiki/wiki/stablecoin) sweep accounts, native wallet swaps, instant [RWA](https://iq.wiki/wiki/real-world-assets-rwas) redemptions for lending-risk management, and automated yield and liquidity management.[\\[1\\]](#cite-id-llcx0m4yjv)​\n\nFor standard tokenized assets, integration involves assessing contract compatibility, including [ERC-20](https://iq.wiki/wiki/erc-20) compliance and availability of a NAV oracle, then registering the asset, whitelist, and NAV source with the Swap Contract. Assets requiring custom logic, such as wallet-specific limits or asynchronous transfer approvals, can use a tailored Asset Delegate Contract. The whitepaper estimates three days to two weeks for custom asset integration and testing, and names money-market funds, collateralized loan obligations, private credit, private equity, real estate, and commodities as potential asset classes.[\\[1\\]](#cite-id-llcx0m4yjv)​\n","categories":[{"id":"projects-and-protocols","title":"projects-and-protocols"}],"tags":[{"id":"DeFi"},{"id":"Infrastructure"},{"id":"RWA"},{"id":"Ethereum"},{"id":"Solana"}],"images":[{"id":"QmWrFtAjSB4pfsW7oMBZdiAhbUB49mmDoNXnpstbkxr274","type":"image/jpeg, image/png"}],"media":[],"metadata":[{"id":"rootdata_profile","value":"https://www.rootdata.com/Projects/detail/Multiliquid?k=MTczNzE="},{"id":"website","value":"https://multiliquid.xyz/"},{"id":"twitter_profile","value":"https://x.com/multiliquid_xyz"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/multiliquid"},{"id":"references","value":"[{\"id\":\"llcx0m4yjv\",\"url\":\"https://www.multiliquid.xyz/whitepaper\",\"description\":\"Multiliquid whitepaper\",\"timestamp\":1793429525408},{\"id\":\"v1rvr3kn7t\",\"url\":\"https://www.linkedin.com/company/multiliquid/home/\",\"description\":\"Uniform Labs company profile\",\"timestamp\":1793429525408},{\"id\":\"b7o19eaieo\",\"url\":\"https://www.crunchbase.com/organization/multiliquid\",\"description\":\"Crunchbase company profile\",\"timestamp\":1793429525408},{\"id\":\"97a60bnq6d\",\"url\":\"https://www.rootdata.com/projects/detail/multiliquid?k=MTczNzE%3D\",\"description\":\"RootData project profile\",\"timestamp\":1793429525408},{\"id\":\"e3bo950hku\",\"url\":\"https://x.com/multiliquid_xyz\",\"description\":\"Multiliquid posts\",\"timestamp\":1793429525408},{\"id\":\"t5d49o3xrk\",\"url\":\"https://www.multiliquid.xyz/\",\"description\":\"Multiliquid website\",\"timestamp\":1793429525408}]"},{"id":"main-image-origin","value":"{\"imageId\":\"QmWrFtAjSB4pfsW7oMBZdiAhbUB49mmDoNXnpstbkxr274\",\"originalId\":\"QmWrFtAjSB4pfsW7oMBZdiAhbUB49mmDoNXnpstbkxr274\"}"},{"id":"commit-message","value":"Create the Multiliquid wiki"}],"events":[{"type":"CREATED","title":"Multiliquid launched on Ethereum mainnet","date":"2025-12-17","description":"The protocol launched on Ethereum mainnet with support for an initial set of tokenized assets and stablecoins.","link":null,"multiDateStart":null,"multiDateEnd":null,"id":"7b2ccf0e-1a2d-40cf-af4f-e78c93150152"},{"type":"DEFAULT","title":"Institutional liquidity facility launched on Solana","date":"2026-02-01","description":"Multiliquid announced an institutional liquidity facility on Solana with Metalayer Ventures for instant redemptions of tokenized real-world assets.","link":null,"multiDateStart":null,"multiDateEnd":null,"id":"ea75fcbd-f3a2-4860-9eca-026d37b226bf"},{"type":"DEFAULT","title":"PRISM infrastructure collaboration announced","date":"2026-03-01","description":"Multiliquid said it was providing infrastructure for PRISM with Loopscale and Securitize on Solana.","link":null,"multiDateStart":null,"multiDateEnd":null,"id":"2c522232-169e-4481-a0cc-e40cfd95f046"},{"type":"DEFAULT","title":"Carry by Multiliquid described","date":"2026-04-01","description":"The company described Carry as a liquidity-management platform for tokenized real-world assets.","link":null,"multiDateStart":null,"multiDateEnd":null,"id":"e175b49c-27b6-42db-8d5f-5939fc1174ca"},{"type":"DEFAULT","title":"Seed round announced","date":"2026-10-01","description":"Multiliquid announced a seed round led by Polychain Capital and said total funding had reached $8 million.","link":null,"multiDateStart":null,"multiDateEnd":null,"id":"84ea28fd-b521-434f-b7ee-93fda98ea216"},{"type":"DEFAULT","title":"Multiliquid Swap update","date":"2026-09-01","description":"Multiliquid said its Swap service offered instant liquidity across 10 tokenized assets through atomic swaps with stablecoins.","link":null,"multiDateStart":null,"multiDateEnd":null,"id":"6e599b0a-fbdc-4377-b7f4-1761f8a3181b"}],"linkedWikis":{"founders":[],"blockchains":["ethereum","solana"],"speakers":[]},"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x4a2bc97afbf41a2cbf4b4628f63420682ff4cf2a"},"language":"en","operator":{"id":"0x4a2bc97afbf41a2cbf4b4628f63420682ff4cf2a"}}