# Multipli > Multipli is a cutting-edge DeFi protocol offering yield generation on real-world tokenized assets like gold and stocks. Backed by Pantera Capital and Sequoia, it bridges TradFi and DeFi with innovative solutions. - Canonical URL: https://iq.wiki/wiki/multipli - Categories: Projects & Protocols - Tags: Ethereum, DeFi, Avalanche, Bridge, RWA - Created: 2026-08-11T02:28:59.809Z - Last updated: 2026-08-11T02:28:59.809Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **Multipli** is a multi-chain yield protocol aimed at democratizing yield on [stablecoins](https://iq.wiki/wiki/stablecoin) and real-world tokenized assets ([RWA](https://iq.wiki/wiki/real-world-assets-rwas)) such as [Bitcoin](https://iq.wiki/wiki/bitcoin), gold, and stocks. Launched in 2023, and backed by notable investors including [Pantera Capital](https://iq.wiki/wiki/pantera-capital), Sequoia, and [Coinbase](https://iq.wiki/wiki/coinbase) Ventures, Multipli solves critical inefficiencies in [decentralized finance](https://iq.wiki/wiki/defi) by providing sustainable, real yield opportunities through [tokenization](https://iq.wiki/wiki/tokenization) and advanced financial strategies. [\[1\]](#cite-id-IsOeSneKQ7B73FMp) [\[2\]](#cite-id-gLVSIZrvGMBO7YL6)​ ## Overview Multipli is a multi-chain [decentralized finance](https://iq.wiki/wiki/defi) protocol launched in 2023 that provides yield products for [stablecoins](https://iq.wiki/wiki/stablecoin), [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), and tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas). Its yield strategies include basis arbitrage, contango trading, and structured treasury operations, with products deployed across supported [blockchain](https://iq.wiki/wiki/blockchain) networks. The protocol's ecosystem includes rwaUSD, a credit-backed [stablecoin](https://iq.wiki/wiki/stablecoin) that uses eligible tokenized assets, including gold and treasury-backed assets, as collateral. Multipli also introduced Multipli V2, which uses the [ERC-4626](https://iq.wiki/wiki/erc-4626) token vault standard for its yield-bearing assets and supports integration with [decentralized finance](https://iq.wiki/wiki/defi) applications. Multipli has received funding from firms including [Pantera Capital](https://iq.wiki/wiki/pantera-capital), Sequoia, Elevation Capital, and [Coinbase Ventures](https://iq.wiki/wiki/coinbase-ventures). The protocol was co-founded and is led by CEO Shaaran Lakshminarayanan. Its infrastructure includes audits and a yield transparency dashboard for reporting information related to its products and strategies. [\[1\]](#cite-id-IsOeSneKQ7B73FMp) [\[3\]](#cite-id-LgQoxkCvnU8me74G) [\[5\]](#cite-id-8gd99aFscmbMaCeA) [\[6\]](#cite-id-dMr2FF69drg5IeIX) [\[8\]](#cite-id-oqnbgHPD5joSP0w0) [\[10\]](#cite-id-zZKUInAxQi2sBxq9) ## History Multipli was conceived as a solution to the low yields typically associated with [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) and other tokenized assets in the [DeFi](https://iq.wiki/wiki/defi) space. It officially launched in late 2023 following successful rounds of investment that collectively raised $21.5 million. The funds came from prominent venture capital firms including [Pantera Capital](https://iq.wiki/wiki/pantera-capital) and Elevation Capital, and funding helps scale its institutional-grade yield products for a wide range of crypto assets. [\[3\]](#cite-id-LgQoxkCvnU8me74G)​ The investment from [Coinbase Ventures](https://iq.wiki/wiki/coinbase-ventures) in 2026 signified continued institutional interest in the protocol's mission to bridge traditional financial assets with [decentralized finance](https://iq.wiki/wiki/defi) infrastructure. [\[2\]](#cite-id-gLVSIZrvGMBO7YL6) This trajectory of strategic funding and development has positioned Multipli among the fastest-growing protocols on the [BNB chain](https://iq.wiki/wiki/binance-smart-chain), amassing a total value locked exceeding $79.5 million. [\[4\]](#cite-id-xKtUkviXKYW8yTmI)​ ## Technology & Architecture The technological underpinning of Multipli centers around the [tokenization](https://iq.wiki/wiki/tokenization) of [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas), creating liquidity and yielding opportunities within the [decentralized finance](https://iq.wiki/wiki/defi) environment. The protocol leverages strategies such as contango trading, basis arbitrage, and structured treasury operations to generate yield. Multipli's products include the use of its own credit-backed [stablecoin](https://iq.wiki/wiki/stablecoin), rwaUSD, which is minted against eligible tokenized assets like gold and treasury-backed stablecoins, providing significant on-chain liquidity and composability in DeFi. [\[5\]](#cite-id-8gd99aFscmbMaCeA) [\[6\]](#cite-id-dMr2FF69drg5IeIX)​ Multipli also made significant technological strides with the introduction of Multipli V2, enhanced by the [ERC-4626](https://iq.wiki/wiki/erc-4626) standard for yield-bearing tokens. This standard allows for increased liquidity, composability, and faster redemption processes, thereby improving user experience and expanding compatibility with other chains and [DeFi](https://iq.wiki/wiki/defi) protocols. [\[7\]](#cite-id-ed7ZCk3JLkd9gt6Y)​ ## Products & Use Cases Multipli offers a variety of yield-generating products aimed at both retail and institutional investors. Its flagship product, rwaUSD, acts as a unified collateral primitive enabling diverse tokenized assets to integrate seamlessly into [DeFi](https://iq.wiki/wiki/defi) protocols. This consolidation supports the functionality of traditionally non-yielding assets by unlocking instant DeFi access and yield generation. [\[8\]](#cite-id-oqnbgHPD5joSP0w0)​ Further extending its utility, Multipli announced a native ecosystem token, MULT, launched through the SONAR platform. This token aims to enhance community participation by offering economic incentives tied to platform usage and ecosystem growth. [\[9\]](#cite-id-TYWn8pdzQFrcDmgd)​ ## Team & Governance Multipli's development is driven by co-founder and CEO Shaaran Lakshminarayanan, along with a team of former executives from notable financial and technological institutions like [Coinbase](https://iq.wiki/wiki/coinbase), PayPal, and JPMorgan. [\[3\]](#cite-id-LgQoxkCvnU8me74G) The governance infrastructure of Multipli focuses on maintaining high transparency through regular audits and an open-source yield transparency dashboard, processes that help assure stakeholder trust and protocol integrity. [\[10\]](#cite-id-zZKUInAxQi2sBxq9) ## Partnerships & Adoption Multipli has established strategic partnerships with high-profile asset management firms like Fasanara Capital and Spartan Group to tokenize their investment strategies for broad accessibility to yield on various crypto and tokenized assets. [\[3\]](#cite-id-LgQoxkCvnU8me74G) The protocol's integration with TownSquare's money market further aids in expanding the infrastructure for [RWA](https://iq.wiki/wiki/real-world-assets-rwas) yield and collateralization. [\[6\]](#cite-id-dMr2FF69drg5IeIX)​ Multipli's integration and compatibility expansion continue to drive its adoption across multiple [blockchain](https://iq.wiki/wiki/blockchain) networks, notably supporting [USDC](https://iq.wiki/wiki/usdc) and [BTC.B](https://iq.wiki/wiki/bitcoin-avalanche-bridged-btcb) on [Avalanche](https://iq.wiki/wiki/avalanche) and [Monad](https://iq.wiki/wiki/monad) networks. [\[11\]](#cite-id-JLFLBo9aY5QVY8CK)​ ## Funding & Investors The trajectory of Multipli's growth is supported by a robust network of investors that not only provide financial backing but also strategic alignment with technological advancements. Key investors include [Pantera Capital](https://iq.wiki/wiki/pantera-capital), Sequoia, Elevation Capital, and, most recently, [Coinbase](https://iq.wiki/wiki/coinbase) Ventures through its [Base](https://iq.wiki/wiki/base) Ecosystem Fund. [\[2\]](#cite-id-gLVSIZrvGMBO7YL6) [\[4\]](#cite-id-xKtUkviXKYW8yTmI) Multipli's funding rounds have cumulatively brought in $21.5 million, focusing on expanding the yields on non-performing assets in DeFi. [\[3\]](#cite-id-LgQoxkCvnU8me74G)​ Through a combination of innovative technological frameworks, strategic partnerships, and a focused governance structure, Multipli positions itself as a pivotal player in addressing crypto and [RWA](https://iq.wiki/wiki/real-world-assets-rwas) yield challenges in the [DeFi](https://iq.wiki/wiki/defi) market.