Multiliquid Carry for Institutional Capital Providers

Earn spreads and yield on tokenized assets.
Full ownership and control of funds at all times.

Underwrite secondary liquidity for regulated tokenized assets. Capture NAV discount spreads alongside continuous underlying asset yield.

8% to 12%+
Target blended annual yield
0% to 10%+
Discount capture
Instant
Programmatic smart contract settlement

The 3-Step Yield Engine

01

Capitalize Vault

Deposit USDC into non-custodial liquidity vaults configured to your risk and concentration mandate.

02

Acquire at Discount

Vaults purchase secondary RWA positions below NAV, instantly providing sellers with cash exits.

03

Realize Spread & Yield

Capture the NAV discount on settlement alongside the underlying asset yield accrued during the holding period.

Engineered for institutional capital efficiency

Triple-Stacked Yield

Earn trading spreads, underlying yield during redemption settlement, and baseline yields on unallocated USDC via Multiliquid Treasury.

Self-Custodial Design

Capital stays isolated in non-custodial smart contracts backed by regulated real-world collateral, avoiding rehypothecation.

Granular Risk Controls

Define custom concentration parameters, maximum duration exposure, and minimum spread thresholds across assets.

Two operating models

Self-Operated Capital Provider
Direct trading desk execution
  • → Full control over spread and asset selection
  • → Direct API connectivity to the RFQ liquidation router
  • → Optimized for quantitative desks and active market makers
Curated Vault
Passive managed infrastructure
  • → A specialist manager runs the strategy on the investor's behalf
  • → Hands-off capital deployment across institutional assets
  • → Optimized for funds, family offices, and foundations

Deploy capital on institutional rails

Review vault performance, audit reports, and legal documentation with our team.

Not a capital provider? See Treasury Managers or Asset Issuers.