Uniform Labs Raises Seed Round Led by Polychain, Bringing Multiliquid Funding to $8M

Uniform Labs, the developer of institutional liquidity protocol Multiliquid, closed a seed funding round led by Polychain on Oct. 15 ¹. The financing included participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures, bringing Multiliquid's cumulative funding to $8 million ¹.

Multiliquid operates as a compliance-first liquidity infrastructure layer designed to execute single-transaction atomic swaps between institutional tokenized assets and stablecoins ¹. Conventional subscription and redemption processes for tokenized vehicles can take days to finalize, presenting settlement friction for institutions ¹. To bridge this gap, Multiliquid supports tokenized funds managed by firms including Wellington Management, VanEck, Janus Henderson, and Fasanara, alongside transaction assets such as $USDC ¹. At the time of writing, the broader crypto market trades at a total capitalization of $2.74 trillion, with $BTC at $82,320 and $ETH at $2,440.

Solving Regulatory and Settlement Constraints

The protocol's design responds to emerging policy constraints, including statutory frameworks like the GENIUS Act, which restrict payment stablecoin issuers from paying yield directly to token holders ¹. Consequently, institutional entities require programmatic settlement rails to shift capital between interest-bearing real-world assets—such as Treasuries, money market funds, and private credit—and transactional payment tokens without incurring balance-sheet inefficiencies ¹. The funding follows broader venture interest across the sector, including moves such as Fission raising a $10M Series A led by Pantera Capital to fund tokenized asset liquidity to address similar on-chain capital needs.

Multiliquid was established by former executives from Standard Chartered and UniCredit to deliver overnight liquidity and continuous settlement capabilities mirroring traditional capital market repo facilities ¹. Multiliquid founder and chief executive Will Beeson stated that liquidity remains necessary for tokenized products to succeed, while Polychain founder Olaf Carlson-Wee noted that institutional movement between stablecoins and tokenized assets across issuers has been a primary market bottleneck ¹.