rwaUSD, issued by Multipli.fi, BRS Tech Services, is a credit-backed stablecoin that aggregates fragmented tokenized real-world assets into a single standardized onchain collateral token referencing the U.S. dollar (USD) at a fixed 1:1 net asset value [S1][S2].

rwaUSD is backed by highly liquid, institutional-grade tokenized real-world assets including U.S. Treasury-backed stablecoins, money market instruments, tokenized government securities, and tokenized gold [S1][S2][S3]. The token itself does not embed yield; holding rwaUSD alone implies no guaranteed return [S4]. Holders earn only by actively deploying rwaUSD into DeFi vaults or delegated allocations [S4]. Tokenization costs, issuance and redemption charges, stability fees, and PegRail swap spreads are deducted automatically by smart contract [S5][S6].

Multipli is not registered or licensed by any regulatory agency or authority, and operates as a technical software protocol providing software infrastructure only, not a bank, broker-dealer, or investment advisor [S5][S7]. Governing law is England and Wales, with disputes arbitrated at the Dubai International Financial Centre (DIFC) [S5][S7]. Units represent a digital claim against underlying assets, expressly not equity, securities, deposits, or guaranteed products [S5]. Residents of the United States, Canada, and sanctioned territories are excluded [S5]. Redemption burns tokens to recover underlying assets, with a Lloyd's of London insurance framework supplementing custodial protection across diversified issuers and custodians [S2][S8].

rwaUSD is an ERC-20 token natively issued on Ethereum and INK, with cross-chain transfer via Chainlink CCIP using burn-on-source and mint-on-destination pools [S9]. Minting deposits supported tokenized assets subject to Mint-to-Value limits [S2]. Pricing uses a Price Router and Feed Verifier accepting signed price messages; T-bills publish signed NAV with daily drift bounds, gold uses XAU/USD spot [S3].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://multipli.fi/" },
    { id: "S2", url: "https://docs.multipli.fi/rwausd/how-rwausd-works.md" },
    { id: "S3", url: "https://docs.multipli.fi/technical-architecture/collateral-and-oracle-profile.md" },
    { id: "S4", url: "https://docs.multipli.fi/yield-mechanism/yield-mechanics-for-rwausd.md" },
    { id: "S5", url: "https://docs.multipli.fi/legal/protocol-terms-of-use.md" },
    { id: "S6", url: "https://docs.multipli.fi/technical-architecture/unwind-and-peg-module.md" },
    { id: "S7", url: "https://docs.multipli.fi/legal/standard-website-terms-of-use.md" },
    { id: "S8", url: "https://docs.multipli.fi/risks/issuer-custody-and-operational-risk.md" },
    { id: "S9", url: "https://docs.multipli.fi/technical-architecture/rwausd-contract-addresses.md" },
  ]}
/>


Stablecoins

Multipli mints rwaUSD (open class) and rwaUSDi (compliance-gated class) against tokenized RWA collateral such as U.S. Treasuries, tokenized gold, and market-neutral funds, earning fees on issuance and redemption.

Multipli is a multi-chain stablecoin platform issuing RWA-backed dollar tokens (rwaUSD and rwaUSDi) across Ethereum, Arbitrum, Base, and Monad. The protocol packages tokenized U.S. Treasuries, gold, and market-neutral funds into stable dollar instruments for DeFi use.

Multipli is a multi-chain RWA platform founded by Wajahat Sajjad (CEO) and team, focused on tokenizing real-world yield instruments for DeFi liquidity.

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Stablecoin issuers

Multipli

Multipli rwaUSD (rwaUSD) is a U.S. dollar stablecoin issued by Multipli.

Each token tracks U.S. dollars and is a collateral-backed contractual exposure rather than a direct claim on the issuer.

Retail investors and institutions can mint and redeem directly with Multipli in PAXG after completing KYC.

rwaUSD has been issued on Ethereum as an ERC-20 token since April 2026.

Multipli rwaUSDrwaUSD

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