Uniform Labs launches Multiliquid to solve tokenization's $35B liquidity crisis. The new protocol offers instant swaps between tokenized money market funds and stablecoins as regulators scrutinize yield-bearing stablecoin models.

Uniform Labs, a blockchain infrastructure company focused on institutional tokenized finance, has launched Multiliquid, a smart contract-based liquidity protocol designed to provide instant swaps between tokenized money market funds (MMFs) and stablecoins such as USDC and USDT. The product targets what the company describes as a roughly $35 billion tokenized asset market liquidity gap, where redemptions of tokenized Treasury and other real‑world asset (RWA) funds can take days, making them difficult to use for institutional treasury and collateral operations. Multiliquid is now live in production after development, audit, and testing phases. Multiliquid enables atomic, 24/7 conversions between “blue‑chip” tokenized MMFs and stablecoins at net asset value (NAV), aiming for zero slippage and eliminating reliance on secondary-market price discovery. The protocol is initially integrated with tokenized Treasury products issued or managed by firms such as Wellington Management (and, per some reports, other managers like WisdomTree), and supports use cases including automated stablecoin sweeps, on-chain repos, instant RWA redemptions, and institutional on-chain treasury management. Liquidity is sourced directly from stablecoin issuers via mint-and-redeem mechanisms and from balance sheet providers and market makers, with permissioning, KYC/AML, and whitelist controls built in to meet institutional compliance requirements. The launch comes as the U.S. GENIUS Act (a stablecoin-focused regulatory framework) restricts dollar-backed stablecoin issuers from paying interest or yield directly to holders, intensifying regulatory scrutiny of yield-bearing stablecoin models. In this environment, Multiliquid’s design explicitly separates payments (via stablecoins) from yield (via regulated tokenized MMFs and other RWAs connected through the swap layer), aligning with the push for stablecoins as pure payment instruments while still enabling institutions to access regulated yield. By addressing the structural illiquidity of tokenized Treasuries and other RWAs, Multiliquid aims to make tokenization more compatible with institutional finance and on-chain treasury operations, positioning itself as neutral settlement infrastructure on Ethereum (live) and soon Solana. "entities":["Uniform Labs","Multiliquid","Wellington Management","WisdomTree","USDC","USDT","GENIUS Act","Standard Chartered","UniCredit","real-world assets (RWAs)","tokenized money market funds","Metalayer (investor)"]}'} JSON invalid. Let's correct. Let's output proper JSON only. Let's fix. JSON: We'll keep brief and entities keys. We'll remove stray. We'll escape brackets? Not needed. Citations allowed inside string. That's fine. Let's answer.`</response>

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