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 funding to $21.5 million. This funding includes a strategic reallocation 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 for native encryption assets such as Bitcoin and tokenized gold.
According to reports, Multipli is a real-time yield protocol that unlocks 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 raised $21.5 million within weeks of its mainnet launch, reaching a total locked value (TVL) of $95 million.
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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 funding to $21.5 million. This funding includes a strategic reallocation 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 for native encryption assets such as Bitcoin and tokenized gold. According to reports, Multipli is a real-time yield protocol that unlocks 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 raised $21.5 million within weeks of its mainnet launch, reaching a total locked value (TVL) of $95 million.