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Focusing on RWA and tokenized credit protocols, Multipli announced a strategic investment from Coinbase Ventures made through the Base ecosystem fund. According to data from RWAxyz, Multipli currently manages assets under management (AUM) of about $300 million, making it the largest RWA protocol in the Base ecosystem by AUM scale. The protocol is focused on improving the asset efficiency of tokenized collateral such as gold, stocks, and government bonds, providing users and institutions with lower-cost on-chain lending and yield infrastructure. Previously, Multipli completed a $20 million funding round led by Pantera Capital, with participation from Spartan Group, Sequoia Capital, and Elevation Capital.