Uniform Labs completed cumulative 8000000 USD financing, with Polychain leading Multiliquid's seed round
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AT A GLANCE
Uniform Labs completed cumulative 8000000 USD financing, which will be used to advance the Multiliquid protocol and expand liquidity.
Article
💰 Financing | Multiliquid developer Uniform Labs completed 8000000 USD financing, with Polychain as lead investor
BlockBeats reports that October 16, the developer of the tokenized asset settlement platform Multiliquid,Uniform Labs completed cumulative 8000000 USD in pre-seed and seed financing, with Polychain leading the seed round and Circle Ventures,CMT Digital and others participating. The valuation was not disclosed.
Multiliquid enables institutions to convert tokenized assets and stablecoins in both directions at net asset value (NAV) in a single atomic transaction. It is currently live on Ethereum and Solana, supporting USDC and tokenized assets from asset managers including Wellington Management and VanEck. The platform has conducted initial pilot transactions and plans to use the financing to expand protocol development, bring in liquidity partners, and integrate more tokenized cash and Treasury products. The founder said there are currently no plans to issue a token. (The Block)
Original link https://m.theblockbeats.info/flash/372112
Key points
01
Uniform Labs completed cumulative 8000000 USD in pre-seed and seed financing.
02
Polychain led the seed round, with Circle Ventures,CMT Digital and others participating.
03
The valuation of the financing was not disclosed.
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Multiliquid supports institutions in converting tokenized assets and stablecoins in both directions at net asset value in a single atomic transaction.
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Multiliquid is live on Ethereum and Solana, supporting USDC and tokenized assets from certain asset managers.
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The platform has conducted initial pilot transactions and plans to expand protocol development, bring in liquidity partners, and integrate more tokenized cash and Treasury products.
07
The founder said there are currently no plans to issue a token.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This financing means Uniform Labs obtained funding to continue developing Multiliquid. The platform primarily helps institutions settle tokenized assets and stablecoins on the blockchain and has already begun pilot transactions.
Why it matters to readers
The funds could help the platform expand protocol development, liquidity partnerships, and asset access, but the report did not disclose the valuation, and the platform remains in the initial pilot stage.
Tokenized assets are traditional assets represented as tokens on a blockchain; stablecoins are digital assets used for settlement. Multiliquid seeks to enable direct conversion between the two in both directions.
Risks and unknowns
The information was relayed by BlockBeats from The Block; the evidence did not provide financing documents or Uniform Labs original announcement.
The valuation of the financing was not disclosed.
The scale of the initial pilot transactions, receipt of the financing proceeds, and subsequent product integration progress were not specified.
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Related concepts
pre-seed round
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