Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a total of $8 million across its seed and pre-seed rounds. According to Odaily, the latest seed round was led by Polychain, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures.

Multiliquid lets institutions convert between tokenized assets and stablecoins through a single atomic transaction and is already deployed on Ethereum and Solana. The platform uses a non-custodial model and supports NAV-based conversion settlement. The funding will be used to expand the protocol's development team, add liquidity and trading platform partners, and expand tokenized cash and U.S. Treasury products on EVM networks and Solana.