Tokenizing Other Asset Classes

The same forces driving dollar tokenization apply across all major asset classes. Gold, energy, equities, and other real-world assets represent enormous pools of value, yet much of that value remains economically static. These assets are held, stored, and traded, but they are rarely used as flexible, on-demand financial capital without first being sold. Across asset classes, the constraint is the same: accessing liquidity typically requires exiting the position.

Tokenization removes physical and operational frictions, but tokenization alone does not unlock efficiency. The real step-change occurs when tokenized assets can be collateralized in financial markets, where capital can be shared, reused, and priced collectively.

DeFi enables this by allowing:

• Assets from different issuers to be pooled together

• Standardized collateral frameworks instead of bespoke agreements

• Continuous, market-driven borrowing and lending

• Shared liquidity that lowers the cost of capital

The result is higher capital utilization without sacrificing ownership.

Gold: Liquidity Without Liquidation

Gold is one of the most trusted stores of value in the world, yet historically one of the most difficult to mobilize. Tokenized gold introduces fractional ownership and transparent custody, but its true utility emerges when it can be borrowed against in Defi markets. Instead of selling gold to access liquidity, holders can:

• Retain long-term exposure

• Access working capital

• Participate in on-chain liquidity pools

This transforms gold from a passive hedge into an active balance-sheet asset.

Energy and Commodities: Unlocking Balance-Sheet Flexibility

Commodities such as petroleum and industrial materials underpin global trade, yet their financing structures remain capital-intensive and fragmented. When commodity exposure is tokenized and pooled:

• Liquidity becomes more accessible

• Financing costs compress through shared markets

• Capital locked in inventory or exposure can be reused

DeFi enables commodity-backed capital to move with the same efficiency as financial assets, without disrupting physical supply chains.

Equities and Funds: Beyond Trading, Toward Utility

Equities and funds are traditionally optimized for trading, not for capital reuse. Tokenization allows equity exposure to:

• Settle continuously

• Be used as collateral

• Support borrowing and structured strategies

In pooled DeFi markets, equity-backed capital can be mobilized without forced sales, improving liquidity management for both institutions and long-term holders.

Why Pooling Matters

The efficiency of DeFi does not come from any single asset. It comes from aggregation. When capital is pooled:

• Borrowing becomes cheaper and more predictable

• Liquidity deepens as participation grows

• Risk is distributed across the system

• Asset-specific complexity is abstracted away

This is where value is created, not by issuing more tokens, but by enabling shared financial infrastructure. As more assets move on-chain, the challenge is no longer whether they can be tokenized. It is whether they can be collateralized and put to real use.In practice, getting individual tokenized assets approved as collateral in DeFi often takes months or years, creating friction that prevents capital from being used productively. Multipli is designed to remove that friction, allowing tokenized assets, across currencies and asset classes, to be used, pooled, and mobilized without fragmenting liquidity.