rwaUSDi

Where most dollar tokens chase retail wallets, rwaUSDi is built for the other end of the market. It is the institutional leg of Multipli, a protocol that packages tokenized real-world assets and delta-neutral trading strategies from managers such as Nomura and Fasanara into an onchain dollar. Minting and redemption are KYB-gated: only institutions that clear business verification can create or redeem the token with the issuer, and users in the US and Canada are blocked outright. That closed door is the point, since the collateral behind it is institutional credit and treasury exposure rather than a simple cash reserve. rwaUSDi runs on Ethereum, Base, Arbitrum and Monad, and Multipli, backed by investors including Pantera and Coinbase Ventures, has grown the product toward the hundreds of millions in value. It is governed under English and Welsh law, with disputes seated in the DIFC.