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The real-time yield protocol Multipli has completed a new financing round of $5 million, bringing the total financing amount to $21.5 million.
PANews reported on August 28 that the real-time yield protocol Multipli announced the completion of a new financing round of $5 million, bringing its total financing amount to $21.5 million. This funding includes a strategic redistribution of $16.5 million from the team's previous investment in Brine Fi. This financing will accelerate Multipli's expansion of institutional-level yield products aimed at native crypto assets such as Bitcoin and tokenization of gold.
According to reports, Multipli is a real-time yield protocol that can unlock exceptional risk-adjusted returns for assets that typically do not generate yield (including Bitcoin, tokenized gold, Ripple, and stablecoins). With support from Pantera, Sequoia Capital, and Elevation Capital, the platform has raised $21.5 million within weeks of going live on the mainnet, with a total locked value.