Multiliquid targets liquidity challenges in tokenized markets
Multiliquid provides an institutional liquidity layer that enables holders to convert tokenized real world assets into stablecoins through a single blockchain transaction.
The protocol supports tokenized funds from asset managers including Wellington Management, VanEck, Janus Henderson and Fasanara, alongside stablecoins such as Circle’s USDC.
The system aims to give institutions continuous access to liquidity without waiting for traditional fund redemption windows, allowing capital to move between investment products and payment assets.
“Tokenization only matters if the assets are actually liquid,” said Will Beeson, founder and CEO of Multiliquid.
Beeson said traditional financial markets rely on repurchase agreements and overnight lending to maintain liquidity, while tokenized markets need similar infrastructure to support institutional adoption.
The platform also addresses a growing distinction between yield bearing tokenized investments and payment stablecoins.
Under the GENIUS Act, payment stablecoin issuers are prohibited from paying yield directly to holders. As a result, institutions seeking returns on idle capital may need to move funds between stablecoins and separate tokenized investment products.
Tokenized real world assets approach $40 billion
The funding comes as the market for tokenized real world assets continues expanding, with financial institutions increasingly bringing traditional investment products onto blockchain networks.
According to RWA.xyz data, the distributed value of tokenized real world assets reached approximately $39 billion in October, up from about $25.5 billion at the beginning of 2026. The figures exclude stablecoins.
Tokenized US Treasuries account for roughly $14.9 billion, followed by private credit at about $8 billion and commodities at more than $5 billion. Meanwhile, tokenized stocks have expanded to approximately $3.3 billion in distributed value.
Major financial institutions and asset managers have also expanded their presence in the sector, bringing products such as government bond funds, money market instruments and equities onto blockchain networks.
However, while issuance continues growing, secondary market liquidity remains a challenge. Many tokenized investment products still depend on traditional redemption mechanisms, limiting the ability to move capital instantly between assets.
Multiliquid is seeking to address that gap by connecting tokenized funds and stablecoins through continuous settlement infrastructure.
The company, founded by former Standard Chartered and UniCredit professionals, aims to support institutional capital movement as tokenized assets become a larger part of global financial markets.
