Uniform Labs Launches Multiliquid to Unlock Liquidity for Tokenized RWAs

Uniform Labs, a blockchain infrastructure company founded by former team members of Standard Chartered and UniCredit, on Dec. 17 announced the launch of Multiliquid, a protocol designed to provide instant liquidity for tokenized assets.

The tokenized real-world asset (RWA) market currently boasts a total distributed asset value of over $18.7 billion, including private credit, real estate, private equity, and Treasury funds, per RWAxyz. However, most of these assets are hard to sell quickly because redemptions depend on the issuer.

Multiliquid attempts to address this challenge by allowing instant swaps between blue-chip tokenized money market funds (MMFs) and stablecoins. The protocol will start with USDC and USDT, with additional stablecoins to be added later, according to a press release viewed by The Defiant.

Perhaps most notably, it separates liquidity from yield, letting stablecoins be used for payments while returns come from tokenized funds. This helps facilitate faster portfolio management, automated stablecoin transfers, on-chain lending, and quick RWA redemptions.

“The tokenization thesis only works if these assets are actually liquid,” said Will Beeson, founder and CEO of Uniform Labs, and previously co-founder of Standard Chartered’s tokenized asset platform. “There’s essentially zero secondary liquidity for most tokenized assets, whether money market or private credit funds, with investors largely forced to wait for issuer-controlled redemption windows.”

He said most RWAs today are still “poorly wrapped versions of traditional assets,” and that Multiliquid is designed to provide the liquidity link between tokenized assets and stablecoins so on-chain markets can work in real time.

Stablecoin Boom

The launch follows the landmark stablecoin bill in the United States, dubbed the GENIUS Act, which was passed earlier this summer. The bill, which restricts stablecoin issuers from paying interest directly, has created a demand for compliant tools that pair yield-bearing assets with liquid stablecoins.

Stablecoins are among DeFi’s fastest-growing sectors, with market capitalization climbing more than $100 billion since the start of the year to $309 billion at press time.

This traction has been present in recent months as stablecoins increasingly move further into the financial mainstream, with firms like Western Union, Citigroup, Zelle, and WisdomTree all announcing new stablecoin products or partnerships in recent months.

The Multiliquid protocol currently supports assets from leading managers such as Wellington Management, with additional integrations planned.