Multipli, the world’s first infrastructure designed to generate yield on tokenized real-world assets (RWAs), has adopted Chainlink’s industry-standard oracle infrastructure to scale the distribution of its $340M+ rwaUSD stablecoin across DeFi. Backed by compliant tokenized U.S. equities like TSLAx and NVDAx from xStocks, rwaUSD is designed to bring the stock market’s deep liquidity onchain.
rwaUSD is a credit-backed stablecoin that represents the value of highly liquid RWAs such as gold, stocks, and stablecoins throughout DeFi. rwaUSD abstracts away the complexity of a vast universe of tokenized assets – each with its own issuer, legal structure, redemption mechanics, liquidity profile, and risk model – into a single, standardized collateral primitive.
As a result, rwaUSD consolidates over 100 Treasury-backed stablecoins and more than 10 tokenized gold assets with different evaluation, pricing, risk parameters, and liquidation logic into a unified, composable onchain dollar that can move freely across DeFi protocols without the need for bespoke integrations.
Having facilitated over $28 trillion in transaction value, Chainlink’s essential tokenization services, including Price Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve, support a growing spectrum of RWA and stablecoin issuers, including leading DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Fidelity International.
“Multipli adopting the Chainlink platform to scale distribution of rwaUSD is a major step forward in bringing tokenized equities into the DeFi economy,” Liam Karwan, Head of RWA and Stablecoins at Chainlink Labs, told Chainlink Today.
“Backed by tokenized U.S. equities from xStocks, rwaUSD leverages CCIP, NAV Data Feeds, and Proof of Reserve to expand across chains with the secure infrastructure needed to connect equity markets with DeFi. This is how tokenized equities scale across onchain markets.”
To learn more about Multipli, visit their website, X, Telegram, and Discord.