Multipli Hits $21.5M in Total Funding as It Expands Institutional Yield for Crypto & RWA Assets
Singapore, Singapore, August 28th, 2025
Multipli, a real-yield protocol backed by Pantera Capital and Sequoia, today announced it has raised $5 million in new capital, bringing its total funding to $21.5 million. The figure includes a strategic reallocation of $16.5 million from the team’s previous venture, now fully dedicated to Multipli’s new direction. The extension round will accelerate the expansion of Multipli’s institutional-grade yield products for native crypto assets like Bitcoin and tokenized gold, which traditionally generate minimal returns in DeFi.
Unlocking Yield on Dormant Crypto Assets
Multipli addresses a critical inefficiency in cryptocurrency markets: over 90% of native assets such as Bitcoin, XRP, and tokenized gold currently earn less than 1% APY in DeFi protocols. The platform offers access to tokenized delta-neutral hedge fund strategies from top-tier asset managers (including Nomura, Fasanara, and Edge Capital) which have traditionally been difficult for most investors to access due to high investment minimums, complex and lengthy onboarding processes, and extended redemption cycles that often leave funds locked up for significant periods.
The protocol has achieved a peak of ~$95 million in total value locked since its mainnet launch weeks ago, establishing it as the fastest-growing yield protocol on BNB Chain according to DeFiLlama data. Users can currently earn 6% APY on wrapped Bitcoin (and 10-15% on stables), significantly outperforming the industry average of less than 1% for non-yielding assets.
“We’re partnering with some of the world’s top hedge funds to tokenize their delta-neutral strategies—making them accessible to anyone holding stablecoins, BTC, or even tokenized gold. This raise lets us scale faster, offering real yield without lockups, and bridging institutional finance with the speed and composability of DeFi,” said Shaaran LB, CEO and Co-founder of Multipli.
Institutional Partnerships Drive Real Yield Innovation
Unlike protocols that rely on token incentives or unsustainable farming mechanisms, Multipli generates returns through established financial strategies, including contango trading, basis arbitrage, and Treasury operations. The platform partners with institutional asset managers to tokenize these strategies, creating liquid and composable yield products that maintain regulatory compliance.
“At Multipli, we’re building the financial rails for a new era of programmable yield—where any asset, from stablecoins to BTC and even tokenised gold, can generate sustainable, risk-adjusted returns” said Nakul Gupta, Chief Business Officer (ex Coinbase, PayPal)
The new funding will support expansion beyond Bitcoin and tokenized gold to include additional assets like XRP, tokenized silver by Q4 2025. Multipli also plans to launch impermanent loss protection for liquidity providers and scale partnerships with institutional firms, including Fasanara Capital and Spartan Capital.
Bridging Traditional Finance and DeFi Infrastructure
Multipli’s approach represents a shift toward sustainable yield generation in DeFi, moving beyond inflationary reward models toward risk-adjusted returns backed by institutional-grade strategies. The platform provides same-day liquidity and full transparency through APIs, eliminating the lengthy redemption cycles and complex onboarding processes typical of traditional hedge funds.
The protocol’s architecture enables sophisticated investors to access previously gated strategies while allowing funds to tokenize their units and deploy yield-bearing derivatives across DeFi protocols for enhanced liquidity and composability.
Founded by early Ethereum contributors and former executives from Coinbase, PayPal, and JPMorgan, Multipli has received backing from Binance Labs after winning the fourth edition of the Binance Incubation Program. The company’s investor base includes Pantera Capital, Sequoia, and Elevation Capital.
About Multipli
Multipli is a real-yield protocol that unlocks superior, risk-adjusted returns on assets that typically don’t generate yield, including Bitcoin, tokenized gold, and XRP, alongside stablecoins. Backed by Pantera, Sequoia, and Elevation Capital, the platform has raised $21.5M million and achieved $95 million in TVL within weeks of its mainnet launch.