Tokenized asset settlement platform Multiliquid closes $8 million in funding, Polychain leads seed round

Odaily reports: Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a cumulative $8 million across seed and pre-seed funding rounds, with the latest seed round led by Polychain and participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures, among others. Multiliquid enables institutions to convert between tokenized assets and stablecoins through single atomic transactions, and is currently deployed on Ethereum and Solana. The platform operates on a non-custodial model and supports net asset value (NAV)-based conversion settlement. The funding will be used to expand the protocol's R&D team, bring in liquidity and trading platform partners, and expand tokenized cash and U.S. Treasury products on Ethereum Virtual Machine (EVM) networks and Solana. (The Block)