Multiliquid expands liquidity routes for JTRSY and JAAA tokenized funds

Swapping out of a tokenized treasury fund used to mean waiting for traditional settlement windows to open, submitting a redemption request, and then hoping nobody changed the rules before your cash arrived. Multiliquid, a liquidity protocol built by Uniform Labs, is trying to make that process feel more like a token swap on Uniswap: instant, onchain, and available at 3 a.m. on a Sunday. The platform has expanded its supported assets to include JTRSY and JAAA, two tokenized fund products that have become staples of the growing real-world asset market. The integration means holders of these tokens can now execute atomic swaps into stablecoins like USDC within a single onchain transaction, with no T+1 delay and no phone calls to a back office. What Multiliquid actually does At its core, Multiliquid operates as a neutral liquidity aggregation layer. Multiple liquidity providers can post quotes for swaps involving tokenized funds, and users get routed to the best available price. The protocol runs on both Ethereum and Solana. Live liquidity on the platform reportedly exceeds $20 million. Settlements are based on net asset value, meaning swaps reference the actual underlying value of the...