Uniform Labs launches Multiliquid, an institutional liquidity protocol.

Uniform Labs, a blockchain infrastructure company founded by former executives from Standard Chartered Bank, UniCredit Bank Italy, and other digital banks, announced that its institutional liquidity protocol Multiliquid has gone live after the construction, auditing, and testing phases. Multiliquid aims to enable institutions to instantly exchange between blue-chip tokenized money market funds and stablecoins around the clock, eliminating redemption delays and liquidity constraints lasting several days, which have made many tokenized assets difficult to use in traditional financial workflows.

The protocol currently supports integration with leading tokenized treasury products issued or managed by several large asset management companies, including Wellington Management, and supports 24/7 liquidity trading for stablecoins such as Circle’s USDC and Tether’s USDT. The company stated that more assets are expected to be added in the future.