Uniform Labs Launches Multiliquid Protocol to Address Liquidity in $35 Billion Tokenized Asset Market
Uniform Labs announced in December 2025 the launch of Multiliquid, a protocol designed to enable instant, 24/7 swaps between tokenized money market funds, other real-world assets (RWAs), and stablecoins. The new platform aims to solve the issue of illiquidity affecting the roughly $35 billion tokenized asset market by providing a missing liquidity layer that supports real-time on-chain settlement between tokenized assets and stablecoins.
Multiliquid supports around-the-clock liquidity against stablecoins such as Circle's USDC and Tether's USDT, integrating tokenized Treasury products issued or managed by Wellington Management and other prominent asset managers. The yield for users is generated from tokenized money market funds and other regulated RWAs connected to the swap layer, while stablecoins function solely as pure payment instruments.
This launch responds in part to the GENIUS Act, which tightens regulations on dollar-backed stablecoins by prohibiting issuers from paying interest or yield directly to holders. As a result, institutions are pushed toward regulated yield-bearing assets. Multiliquid is built to provide continuous on-chain liquidity and to support traditional treasury workflows adapting to these regulatory changes.
While the tokenized asset market has expanded beyond $35 billion, many tokenized assets continue to suffer from limited secondary liquidity due to issuer-controlled redemption windows. Uniform Labs, founded by executives with backgrounds at Standard Chartered and UniCredit as well as other digital banking experience, aims to bridge this gap through the Multiliquid protocol.
The launch and its implications were covered by CoinDesk on December 17, 2025.
