Multipli attracts $5 million in new investments to expand crypto income products

According to PANews, the real-time income protocol Multipli has announced the completion of a $5 million funding round, bringing its total funding to $21.5 million. This latest investment includes a strategic redistribution of $16.5 million previously invested by the team in Brine Fi. The new funds will be used to accelerate the expansion of Multipli's income product line for native crypto assets such as Bitcoin and tokenized gold.

Multipli is designed to provide exceptional yield incomes for typically non-yielding assets, including Bitcoin, tokenized gold, Ripple, and stablecoins. Backed by Pantera, Sequoia Capital, and Elevation Capital, the platform raised $21.5 million within weeks of launching its mainnet, achieving a total value locked (TVL) of $95 million.