Institutional Stablecoin Treasury

Earn T-Bill yield.
Redeem the second you need it.

Liquid Treasury ends the tradeoff between yield and access. Deposit USDC, earn short-dated U.S. T-Bill returns, and redeem instantly, 24/7/365 - no settlement windows, no banking hours.

See how it works

Additional terms and conditions apply. See the Note Purchase Agreement for full redemption terms.

Fund issuersWisdomTree · Janus Henderson
Indicative APY
3.75%
3-month T-Bill yield, net of feesRefreshed quarterly
Settlement
0s
Instant redemption, atomic
Operating Window
24/7/365
No banking hours
Backing
2 Funds
WisdomTree (WTGXX) · Janus Henderson (JTRSY)
01 · The tradeoff

Today, stablecoin treasuries have an impossible choice.

// Today: idle balances, or locked yield
Stablecoins sit. Yield gets gated.
  • →Idle stablecoins leak value. Most of the $230B+ in issuance earns nothing
  • →Tokenized money market funds gate redemptions behind T+1 or daily windows
  • →Banking hours and redemption caps break operational flows
  • →Single-issuer exposure concentrates counterparty risk
// Liquid Treasury: both, always
Real-time yield distribution upon withdrawal.
  • →Yield accrues per second from the moment stablecoins arrive
  • →Redeem back to USDC instantly, any time, any day
  • →On-chain native, programmatic, API-first - no banks in the loop
  • →Diversified across two institutional issuers: WisdomTree and Janus Henderson
02 · Mechanics

Three steps. Atomic in both directions.

01
Deposit
Send USDC to Liquid Treasury after a one-time KYC/KYB. Receive $TSY 1:1 in the same transaction.
DEPOSIT · MINT $TSY
02
Earn
Capital allocates across tokenized money market funds. Yield begins accruing per second from the moment funds settle.
NAV SYNC · YIELD
03
Redeem
Burn $TSY. Receive principal plus accrued interest in USDC, instantly, from the liquidity buffer. No queues.
REDEEM · BURN $TSY
03 · Why it works

Built for treasuries that actually move.

Stablecoin buffer

A 5-20% stablecoin reserve decouples redemption speed from underlying settlement. Replenishes on T+1 or T+2 in the background. T+5 contractual settlement guarantee under the Note Purchase Agreement.

Bankruptcy remote, T-Bill backed

U.S. Treasuries held by regulated TMMF managers, not DeFi lending, not synthetic spreads.

Multi-issuer diversification

Exposure spread across WTGXX (WisdomTree) and JTRSY (Janus Henderson) - two regulated tokenized money market funds. No single point of reserve asset failure.

Verifiable in real time

Reserve composition is verifiable on-chain directly from the smart contracts - no quarterly PDF, no third-party auditor signing off on yesterday's snapshot. Core contracts audited by Cantina. Reports published in docs

Programmatic & API-first

REST API, Typescript SDKs, CLI, and direct smart contract access. Drop yield into vault curation, treasury rebalancing, payment rails, or B2B2C platforms with a single integration.

DeFi-composable $TSY

Permissionless ERC-20 across Ethereum and Solana via LayerZero OFT. Use as collateral, post to DEX liquidity, or transfer across wallets. Primary minters can redeem anytime to unwrap underlying claim

04 · Who it's for

If you hold stablecoins for operations, you need this.

/01
Trading desks
Park collateral between opportunities. Pull it back the moment a trade fires.
/02
Crypto-native funds
Idle reserves earn without lockups or governance friction.
/03
Payment processors
Yield on float without breaking same-day settlement obligations.
/04
Vault curators
A composable yield primitive that doesn't trap user funds during redemptions.
/05
Exchanges
Productive use of customer balances within compliance and withdrawal SLAs.
/06
Corporate treasuries
A stablecoin-native sweep account, with on-chain transparency.
06 · Questions

What treasurers ask first.

Risk management

07 · Built on

Powered by Multiliquid, the open RWA liquidity protocol.

Liquid Treasury is built by Uniform Labs, the team building on-chain settlement rails - atomic settlement, NAV-based swaps, and 24/7 convertibility between tokenized assets, stablecoins, and deposits.

The same infrastructure powers Multiliquid and Carry - Uniform's full institutional stack for tokenized finance.

08 · Get started

Your stablecoins should be working.
And ready, the second you are.

KYC/KYB in as little as 24 hours. Real-time yield distribution on redemption. Available to U.S. and non-U.S. accredited and institutional investors.

Or reach the team directly at team@uniformlabs.co

By Uniform Labs ↗ · Multiliquid ↗ · © 2026
Terms of Serviceteam@uniformlabs.co

Important Disclosures

For information and education only. Nothing on this site constitutes an offer to sell or a solicitation of an offer to buy any security, token, or other instrument, nor investment, legal, tax, accounting, or other professional advice. Any participation is governed solely by the separate Note Purchase and Token Agreement (the “NPA”) and the Treasury Token Terms of Service (the “Terms”) that all depositors must agree to before participating.

Liquid Treasury is a debt (lending) program - not equity, a fund, or a GENIUS-compliant payment stablecoin. Participants make non-transferable loans to Uniform Treasury SPV, LLC, evidenced by Notes; Treasury Tokens are only a record of deposit and bear no yield, ownership, or other economic rights. Notes and Tokens are obligations of Uniform Treasury SPV, LLC alone - not guaranteed by Uniform Labs, Inc. or any affiliate, not bank deposits, not FDIC- or SIPC-insured, and not a “payment stablecoin” under the GENIUS Act or similar law. The instruments are transfer-restricted and not liquid.

Liquid Treasury is available only to accredited and institutional investors who clear KYC, AML, and sanctions screening, complete onboarding, sign the NPA, and accept the Terms; we may reject any participant, deposit, or transaction in our sole discretion. For operational consistency, all depositors (including non-U.S. persons) will be required to satisfy accredited-investor verification and other eligibility requirements. Communications on this site are intended only for eligible persons and are not directed to any person or in any jurisdiction where such distribution would be unlawful.

Liquid Treasury has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities or financial services laws of any other jurisdiction. Any offering is expected to be conducted in reliance on Rule 506(c) of Regulation D and will be made only to investors who are verified as “accredited investors.” No regulator has approved or disapproved them or these materials.

Forward-looking and illustrative content is not a guarantee; actual results may differ materially. Participation involves substantial risk, including loss of the entire amount loaned, and the regulatory treatment of digital assets and tokenized instruments remains uncertain. This is not legal, tax, or investment advice - consult your own advisers. Governed by Delaware law and subject to the arbitration and class-action-waiver provisions in the Terms.

Statements on this site reflect the views of Uniform Labs, Inc., and its respective affiliates as of the date made, are subject to change without notice, and may rely on third-party information and assumptions that have not been independently verified. Uniform Labs makes no representation or warranty, express or implied, as to the accuracy, adequacy, or completeness of the information on this site, and accepts no liability for any errors or omissions. This site may contain forward-looking statements that involve risks, uncertainties, and assumptions; actual results may differ materially, and we undertake no obligation to update or revise any forward-looking statements or other information, except as required by law. No person is authorized to make any statements or to provide any information concerning Liquid Treasury other than as set forth in the applicable definitive offering documents. Links to third-party sites or content, or social-media references, do not constitute endorsements, and access is at your own risk. All trade names, trademarks, and service marks are the property of their respective owners.