Uniform Labs has launched Multiliquid, its institutional liquidity protocol, into production after development, auditing and testing, the blockchain infrastructure firm announced Wednesday. Founded by former executives from Standard Chartered, UniCredit and other digital banking groups, Uniform Labs says Multiliquid is aimed squarely at a persistent pain point in tokenized finance: liquidity. Multiliquid lets institutions swap instantly, 24/7, between blue‑chip tokenized money market funds and major stablecoins such as Circle’s USDC and Tether’s USDT. By enabling immediate on‑chain swaps, the protocol intends to eliminate the days‑long redemption waits and cash‑flow friction that have prevented many tokenized assets from being practical for treasury and corporate workflows. At launch the protocol supports integrations with leading tokenized Treasury products issued or managed by firms including Wellington Management and other large asset managers, with more assets scheduled to be added over time. Uniform Labs says the architecture is built to handle tokenized money market funds as well as private credit, private equity, real estate and other real‑world assets (RWAs), but with instant settlement behavior that mirrors stablecoins’ 24/7 payment rails. The timing of the launch is notable. The GENIUS Act recently changed the economics of dollar‑backed stablecoins by barring issuers from paying interest or yield directly to holders, a regulatory shift that has put yield‑bearing stablecoin structures under scrutiny. With that constraint, institutions are looking for compliant ways to combine the always‑on utility of stablecoins with regulated, yield‑bearing products. Uniform Labs positions Multiliquid precisely for that setup: stablecoins remain “pure” payment instruments onchain, while yield is sourced from tokenized money market funds and other regulated RWAs plugged into the protocol’s swap layer. Uniform Labs also frames Multiliquid as a response to a broader structural weakness in tokenization. While the tokenized RWA market has grown to more than $35 billion, many assets — especially outside traditional Treasury products — still rely on issuer‑controlled redemption windows and lack continuous secondary liquidity. “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,” said Will Beeson, Uniform Labs’ founder and CEO. “Multiliquid is the missing liquidity layer between tokenized assets and stablecoins, so that onchain capital markets can actually function in real time.” If it works as advertised, Multiliquid could make tokenized RWAs materially easier to use in corporate treasuries and institutional trading desks by converting otherwise illiquid token holdings into spendable stablecoins instantly. The company says holders using the protocol will be able to access liquidity at any time, and it plans to expand supported assets and integrations going forward. See also: Visa’s integration with Circle to bring USDC settlement to U.S. banks following a $3.5 billion stablecoin pilot. Read more AI-generated news on: undefined/news

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