Multipli.fi

Multipli is a DeFi yield and collateral protocol for real-world assets. It lets holders of tokenized assets such as treasuries, gold, commodities, stocks and the S&P 500 borrow against them without selling, and routes that collateral into on-chain yield through its rwaUSD asset across several blockchains.

The protocol positions itself as yield infrastructure for institutions and individual users. Positions are over-collateralised, and its website says the protocol is audited every quarter, with reports published in its documentation. A public collateral validator is available on GitHub, and yield is described as distributed annually. Multipli is built to be composable, so rwaUSD can feed into lending, trading and yield protocols already live on-chain. Users deposit and deploy assets through the Multipli app, and developers can integrate through its documentation. A partner pathway is open for projects that want to connect their assets or products.

• rwaUSD: a single connection that gives DeFi access and yield on tokenized treasuries, gold and commodities
• Borrowing: borrow against tokenized assets without selling them
• Chains: Ethereum, Arbitrum, Mantle, Plume, Polygon, Stellar, Avalanche and Starknet
• Assets: gold, oil, stocks, Bitcoin, ETFs, stablecoins, the S&P 500 and tokenized treasuries
• Collateral validator: open-source tool published on GitHub
• Bitcoin yield: a Bitcoin yield product launched in June 2025, per a media report linked from its site

The ecosystem page groups integrations by type. Custody partners include Anchorage, Copper, Ceffu, Fireblocks, HEX Trust and Ledger. Oracle and infrastructure names include Chainlink, Pyth, WalletConnect and AWS. On the DeFi side the site lists Curve, Pendle, ether.fi, Euler and Centrifuge, while asset managers and issuers shown include Nomura, BlackRock, Brevan Howard, Securitize, Fasanara, Circle and Paxos (PAX Gold). Wallet and routing names include MetaMask, Binance Wallet, Trust Wallet, 1inch and Squid Router, and PeckShield appears among service providers.

Multipli reports total funding of $21.5M as of June 2025, with Pantera Capital and Sequoia named as investors, and says it serves more than 90,000 users (self-reported).