Uniform Labs has introduced Multiliquid, an institutional liquidity protocol designed to facilitate instant, round-the-clock swaps between tokenized money market funds, other regulated real-world assets, and stablecoins. The launch addresses structural inefficiencies in the tokenized asset market, which has surpassed $35 billion but continues to face liquidity constraints due to issuer-controlled redemption windows. By enabling direct settlement between tokenized funds and stablecoins such as USDC and USDT, Multiliquid aims to integrate compliance with the GENIUS Act while providing institutions with continuous access to liquid capital. The platform’s architecture is intended to streamline treasury operations for professional investors, allowing them to maintain exposure to regulated, yield-bearing assets without sacrificing on-demand payment capabilities.
The protocol is built to support a wide range of tokenized assets beyond money market funds, including private credit, private equity, real estate, and other regulated instruments. By functioning as a utility layer between these assets and stablecoins, Multiliquid addresses a persistent gap in onchain secondary market activity, providing near-real-time liquidity and removing delays that previously hindered institutional participation. The platform has been integrated with tokenized Treasury products from major asset managers and is designed to accommodate additional assets over time. This setup enables compliant yield generation from regulated instruments while keeping stablecoins as pure payment instruments, aligning with regulatory guidance and institutional risk management frameworks.
The development is timely given heightened regulatory scrutiny of yield-bearing stablecoins and the broader push for infrastructure that can support large-scale digital asset adoption. Multiliquid offers institutions a tool to navigate compliance constraints while maintaining operational efficiency and liquidity across tokenized markets. Its ability to deliver instant settlement and continuous market access positions it as a critical innovation for the evolution of regulated onchain capital markets. The protocol reflects a maturation of tokenized infrastructure, emphasizing risk-managed integration, regulatory alignment, and the bridging of previously fragmented liquidity pools, which are essential for the scalability and institutionalization of digital asset ecosystems.
