6, Nov 2026
Ondo Finance Becomes World’s Largest Tokenization Platform

Ondo Finance surpasses $4 billion in tokenized real-world assets, ranking #1 out of 203 platforms tracked by RWA.xyz, with 484 tokenized assets and more than 565,000 holders

GREENWICH, Conn., Nov. 5, 2026 /PRNewswire/ — Ondo Finance, the leading tokenizer of institutional-grade financial products, today announced it has become the largest tokenization platform in the world, according to the same RWA.xyz data.Tokenized real-world assets (RWAs) have become one of the fastest-growing corners within global finance. More than $39 billion in RWAs (which exclude stablecoins) are now held onchain, up from roughly $4 billion at the start of 2025, according to RWA.xyz.

The current market capitalization of Ondo tokenized products now exceeds $4 across 484 distinct real-world assets, ranking first among the 203 tokenization platforms RWA.xyz tracks and accounting for roughly 10% of all non-stablecoin tokenized value. Ondo Finance also tokenizes more assets than any other top-ten platform, and Ondo tokenized products reach more than 565,000 RWA holders onchain.

Over the past year, demand has spread well beyond tokenized Treasuries. Investors are moving onchain for tokenized equities, funds and other assets they can access, trade and use around the clock. Ondo Finance has been intentional in its growth with that shift. It has built one of the widest technology platforms in the market and opened access to investors around the world outside the U.S. Through Ondo Global Markets, those investors can hold tokens providing economic exposure to U.S. stocks and ETFs directly in their own wallets across multiple blockchains.

“Becoming the largest tokenization platform in the world is a milestone for Ondo, and it’s a clear signal of where the market is headed,” said Ian De Bode, Acting CEO and President of Ondo Finance. “We built Ondo to bring the world’s most trusted financial assets onchain in a form that institutions and everyday investors alike can hold directly. Crossing $4 billion with more than half a million holders shows that Ondo tokenized products are at the center of innovation and high-quality tokenized assets are real, global and accelerating.”

A milestone built across the full suite

The #1 ranking reflects growth across Ondo’s entire tokenized product suite, including tokenized U.S. Treasuries, tokenized U.S. stocks and ETFs, and Ondo’s broader institutional offerings. Ondo is the only platform ranked in the top two for both tokenized Treasuries and tokenized stocks. This week, Ondo Intelligent Portfolios also crossed $50 million, making it the largest onchain portfolio product on the market.

Momentum across 2026

The ranking caps a year of rapid expansion for Ondo tokenized assets:

  • Tokenized Treasuries: USDY is now the largest tokenized Treasuries product in the world, and Ondo has three products among the top 11, with a market capitalization of more than $3 billion, roughly a fifth of the $14.2 billion tokenized Treasuries market.
  • Tokenized stocks and ETFs: Ondo Global Markets became the largest tokenized stock issuer within 48 hours of its September 2025 launch and now offers more than 430 tokenized U.S. stocks and ETFs across Ethereum, Solana and BSC, with more than $900 million in tokenized value.
  • Multichain reach: Ondo tokenized products are available across 10 blockchains. Beyond Ethereum, investors hold more than $500 million in Ondo tokenized assets on Solana and Stellar, and nearly $500 million on BSC. Solana now hosts a greater variety of  Ondo tokenized assets than any other network, at 485.

About Ondo Finance

Ondo Finance is a blockchain-based technology company focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient. For more information about Ondo Global Markets, please visit ondo.finance/global-markets.

Disclaimer

[*] The tokenized assets referenced herein (including (i) the tokenized stocks, tokenized ETFs and tokenized ADRs now known as Ondo Stocks, and formerly known as Ondo tokenized stocks and ETFs, or as Ondo Global Markets tokens, (collectively, the “Ondo Stocks”) and (ii) USDY tokens (collectively, the “Tokens”) have not been registered under the US Securities Act of 1933, as amended (the “Act”) or the securities or financial instrument laws of any other jurisdiction. The Tokens may not be offered or sold in the United States or to US persons unless registered under the Act or an exemption from the registration requirements thereof is available.  In certain jurisdictions, including the United Kingdom, Switzerland and Singapore, the Ondo Stocks and USDY tokens are offered and sold only to qualified investors or professional clients, as the case may be (or that jurisdiction’s analogue thereof). Other jurisdiction-based prohibitions and restrictions apply. The issuer of the Tokens is not registered as an investment company under the US Investment Company Act of 1940, as amended, or as an Alternative Investment Fund or Undertaking for Collective Investment in Transferable Securities in the EEA, or under the securities or financial instrument laws of any other jurisdiction.

Ondo Stocks provide their holders with economic exposure to the value of their underlying assets, including the value of dividends (less applicable tax withholdings). However, Ondo Stocks are not themselves stocks, ETFs or ADRs and the Ondo Stocks do not provide their holders with rights to hold or receive their respective underlying assets. Similarly, USDY tokens provide their holders with economic exposure to short-term US treasuries, but USDY tokens are not themselves US treasuries and do not provide their holders with rights to hold or receive any US treasuries.

In the EEA/EU, a base prospectus relating to the Tokens has been approved by the Financial Market Authority Liechtenstein (FMA) and notified, at the issuer’s request, to certain EEA Member States (the “Relevant EEA States”), making many Ondo Stocks available to both professional and retail investors, though certain Ondo Stocks are only available to professional investors in the EEA/EU. The prospectus is published at app.ondo.finance at each applicable Token’s webpage. The approval of the prospectus should not be understood as an endorsement of the Tokens. Investors residing in the EU/EEA should read the prospectus, and the relevant final terms and KID for each applicable Token, before investing in order to fully understand the potential risks and rewards associated with the decision to invest. This notice is a marketing communication and does not constitute a prospectus.

Certain Ondo Stocks (referred to in the UAE as “Digital Securities”) have been admitted to trading on Nest Exchange Limited, a Multilateral Trading Facility for Digital Assets operated by Binance in the Abu Dhabi Global Market (“ADGM”), authorised by the Financial Services Regulatory Authority (the “FSRA”). Such Digital Securities are available for trading by those investors eligible for a Binance account. The ADGM FSRA has no responsibility for reviewing or verifying any documents in connection with the admission to trading of such Digital Securities in the ADGM. The FSRA has not approved the documents in connection with the admission to trading nor taken steps to verify the information set out in it and has no responsibility for it. No offer of securities is being made in ADGM. Prospective purchasers of such Digital Securities admitted to trading should conduct their own due diligence on such Digital Securities.

In the United Kingdom, the communications herein may be deemed a financial promotion pursuant to Section 21 of the Financial Services and Markets Act 2000. To the extent that any such finding is made, the communications herein are only intended for, and directed at, investment professionals as defined in article 19 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the “FPO”) who have experience of interacting with the Ondo Stocks and USDY tokens; high net worth companies as defined in article 49 of the FPO, and/or any other persons to whom lawful communication is permitted. Any person not falling within these categories is not permitted to act upon anything within the communications herein, and shall not be entitled to rely upon their contents. Ondo Global Markets (BVI) Limited will not enter into arrangements with such persons concerning Ondo Stocks and USDY tokens as a result of this or any other communication.

The Tokens are issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. OUSG tokens are issued by Ondo I LP, a Delaware (USA) limited partnership (the “Fund”). Ondo Finance Inc., a Delaware (USA) corporation, provides tokenization services to, and is an equity holder of, Ondo Global Markets (BVI) Limited.

The communications herein are only intended for eligible purchasers of, or for actual or potential business relationships or technical integrations with respect to the Tokens. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any Tokens. Nothing herein constitutes investment, legal, tax or financial advice. Acquiring the  Tokens involves risks. A holder of the Tokens may incur losses, including total loss of their purchase price. Past performance is not an indication of future results. Investors are responsible for conducting their own research, investigation, verification, checks or consultation for professional or investment advice.

The communications herein may contain forward-looking statements, including, but not limited to, statements regarding future financial performance, business strategies, or expectations for the growth or development of Ondo Finance, Ondo Global Markets (BVI) Limited, or any of their respective affiliates (each, an “Applicable Entity”). These statements are based on management’s current expectations, estimates, projections, and beliefs, and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by the use of terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental, and technological factors affecting the operations, markets, products, services, or prices of any Applicable Entity. No Applicable Entity undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Additional terms and restrictions apply. See docs.ondo.finance/legal/terms-of-service, docs.ondo.finance/ondo-stocks, ondo.finance/stocks, app.ondo.finance and (as applicable) the Token offering documents for details.

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5, Nov 2026
Multiliquid Treasury Launches 24/7 T-Bill Yield and Instant Settlement for Corporate Cash

Institutions can now earn continuous Treasury yields on idle operating balances with atomic, around-the-clock redemptions.

LOS ANGELES, Nov. 5, 2026 /PRNewswire/ — Multiliquid, the instant settlement layer for tokenized assets, today launched Multiliquid Treasury: an institutional cash management solution enabling corporate treasuries, fintechs, and asset managers to earn short-duration Treasury yields on idle capital, with instant redemption available 24/7.

Traditional corporate cash management forces a hard compromise between yield and velocity. Operating floats held for payroll, vendor obligations, and margin requirements routinely sit idle in non-interest-bearing operational accounts because money market funds can only be redeemed on business days, before strict daily cut-offs, and close completely over weekends and bank holidays.

Multiliquid Treasury eliminates this cash drag by using tokenized assets. Depositors access a formulaic interest rate tied directly to the 3-month U.S. Treasury Bill rate, while retaining the ability to sweep back into cash or stablecoins atomically in a single transaction, at 2:00 AM on a Sunday just as easily as midday Tuesday.

Solving the Weekend Float Problem

For an enterprise holding $25 million in liquid reserves, leaving cash idle costs hundreds of thousands of dollars annually in forgone interest. At an indicative annualized rate of up to 3.5%, that capital could generate up to approximately $875,000 a year in continuous yield without impairing same-day liquidity needs.

“For decades, corporate cash has had to choose between earning a return and being available, because the systems that move money close every evening and every weekend. On-chain settlement removes that constraint. Multiliquid Treasury is what cash management looks like in the new financial system: every idle dollar earns T-Bill yield, and every dollar is back in cash the moment you need it.” — Will Beeson, Founder and CEO, Multiliquid

How it works

  • Diversified Money Market Fund Backing: Depositors lend to an SPV whose reserves are programmatically allocated across regulated, blue-chip tokenized government funds—including the WisdomTree Government Money Market Digital Fund (WTGXX) and the Janus Henderson Anemoy Treasury Fund (JTRSY), mitigating single-issuer concentration risk.
  • Instant Exits via Dedicated Buffer. A programmatic 5–10% liquidity buffer, reinforced by institutional repo lines, supports atomic instant redemptions under normal market conditions, with no notice periods or redemption windows.
  • Unified Onboarding: Replaces fragmented fund-by-fund documentation with a single KYB/KYC verification covering the entire underlying portfolio. U.S. and international accredited institutions can typically onboard within 24 hours.
  • API-first. Accessible via institutional APIs and smart contracts for automated treasury sweeps, alongside a no-code dashboard for manual execution.
  • Verifiable. Reserves and fund allocations are verifiable on-chain in real time, with core settlement contracts audited by Cantina and Zellic.

Availability

Multiliquid Treasury is live today across Ethereum Mainnet and Solana for eligible accredited and institutional investors. Onboarding at https://www.multiliquid.xyz/tsy-onboarding

Key facts

Item

Detail

Product

Multiliquid Treasury

Target Function

Continuous T-Bill yield accrual with instant, 24/7 redemption

Yield Benchmark

Formulaic rate indexed to 3-month U.S. Treasury Bill yields (indicative APY up to 3.5%)

Underlying

WisdomTree WTGXX & Janus Henderson JTRSY (AAAf / S1+), buffered by 5–10% liquid cash reserves

Settlement Mechanics

Single-block atomic settlement (Ethereum Mainnet & Solana); 24/7/365

Legal Structure

Depositors are lenders to Uniform Treasury SPV, LLC, a Delaware bankruptcy-remote SPV.

Eligibility

U.S. and international accredited & institutional investors; zero deposit minimums

Onboarding

KYC/KYB and accredited investor verification; typically under 24 hours

Security Audits

Cantina, Zellic

Access Methods

Developer API, Multiliquid Web Application, SDK, Direct via Smart Contracts

About Multiliquid

Multiliquid is the instant settlement layer for tokenized assets: a neutral, institutional-grade liquidity layer that enables instant, 24/7 atomic settlement between tokenized assets, stablecoins and tokenized deposits. Treasurers, asset issuers and capital providers use Multiliquid to move between tokenized funds and cash without redemption windows or cut-off times. Learn more at multiliquid.xyz.

Media contact: team@multiliquid.xyz

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/multiliquid-treasury-launches-247-t-bill-yield-and-instant-settlement-for-corporate-cash-302931092.html

5, Nov 2026
Multiliquid Treasury Launches 24/7 T-Bill Yield and Instant Settlement for Corporate Cash

Institutions can now earn continuous Treasury yields on idle operating balances with atomic, around-the-clock redemptions.

LOS ANGELES, Nov. 5, 2026 /PRNewswire/ — Multiliquid, the instant settlement layer for tokenized assets, today launched Multiliquid Treasury: an institutional cash management solution enabling corporate treasuries, fintechs, and asset managers to earn short-duration Treasury yields on idle capital, with instant redemption available 24/7.

Traditional corporate cash management forces a hard compromise between yield and velocity. Operating floats held for payroll, vendor obligations, and margin requirements routinely sit idle in non-interest-bearing operational accounts because money market funds can only be redeemed on business days, before strict daily cut-offs, and close completely over weekends and bank holidays.

Multiliquid Treasury eliminates this cash drag by using tokenized assets. Depositors access a formulaic interest rate tied directly to the 3-month U.S. Treasury Bill rate, while retaining the ability to sweep back into cash or stablecoins atomically in a single transaction, at 2:00 AM on a Sunday just as easily as midday Tuesday.

Solving the Weekend Float Problem

For an enterprise holding $25 million in liquid reserves, leaving cash idle costs hundreds of thousands of dollars annually in forgone interest. At an indicative annualized rate of up to 3.5%, that capital could generate up to approximately $875,000 a year in continuous yield without impairing same-day liquidity needs.

“For decades, corporate cash has had to choose between earning a return and being available, because the systems that move money close every evening and every weekend. On-chain settlement removes that constraint. Multiliquid Treasury is what cash management looks like in the new financial system: every idle dollar earns T-Bill yield, and every dollar is back in cash the moment you need it.” — Will Beeson, Founder and CEO, Multiliquid

How it works

  • Diversified Money Market Fund Backing: Depositors lend to an SPV whose reserves are programmatically allocated across regulated, blue-chip tokenized government funds—including the WisdomTree Government Money Market Digital Fund (WTGXX) and the Janus Henderson Anemoy Treasury Fund (JTRSY), mitigating single-issuer concentration risk.
  • Instant Exits via Dedicated Buffer. A programmatic 5–10% liquidity buffer, reinforced by institutional repo lines, supports atomic instant redemptions under normal market conditions, with no notice periods or redemption windows.
  • Unified Onboarding: Replaces fragmented fund-by-fund documentation with a single KYB/KYC verification covering the entire underlying portfolio. U.S. and international accredited institutions can typically onboard within 24 hours.
  • API-first. Accessible via institutional APIs and smart contracts for automated treasury sweeps, alongside a no-code dashboard for manual execution.
  • Verifiable. Reserves and fund allocations are verifiable on-chain in real time, with core settlement contracts audited by Cantina and Zellic.

Availability

Multiliquid Treasury is live today across Ethereum Mainnet and Solana for eligible accredited and institutional investors. Onboarding at https://www.multiliquid.xyz/tsy-onboarding

Key facts

Item

Detail

Product

Multiliquid Treasury

Target Function

Continuous T-Bill yield accrual with instant, 24/7 redemption

Yield Benchmark

Formulaic rate indexed to 3-month U.S. Treasury Bill yields (indicative APY up to 3.5%)

Underlying

WisdomTree WTGXX & Janus Henderson JTRSY (AAAf / S1+), buffered by 5–10% liquid cash reserves

Settlement Mechanics

Single-block atomic settlement (Ethereum Mainnet & Solana); 24/7/365

Legal Structure

Depositors are lenders to Uniform Treasury SPV, LLC, a Delaware bankruptcy-remote SPV.

Eligibility

U.S. and international accredited & institutional investors; zero deposit minimums

Onboarding

KYC/KYB and accredited investor verification; typically under 24 hours

Security Audits

Cantina, Zellic

Access Methods

Developer API, Multiliquid Web Application, SDK, Direct via Smart Contracts

About Multiliquid

Multiliquid is the instant settlement layer for tokenized assets: a neutral, institutional-grade liquidity layer that enables instant, 24/7 atomic settlement between tokenized assets, stablecoins and tokenized deposits. Treasurers, asset issuers and capital providers use Multiliquid to move between tokenized funds and cash without redemption windows or cut-off times. Learn more at multiliquid.xyz.

Media contact: team@multiliquid.xyz

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/multiliquid-treasury-launches-247-t-bill-yield-and-instant-settlement-for-corporate-cash-302931092.html

5, Nov 2026
Quantinuum Reports Third Quarter 2026 Results and Raises Full-Year Revenue Outlook
  • Third-Quarter Revenue Grew 233% Year-Over-Year; Raised FY2026 Revenue Outlook
  • Extended Fault-Tolerance Industry Leadership with Back-to-Back World Records, Validating Most Credible Path to Universal, Fault-Tolerant Quantum Computing
  • Announced Nexus Roadmap Through Apollo; Platform Adoption Grew Nearly 20% Quarter-Over-Quarter and Job Submissions Increased Tenfold Year-Over-Year for the 12 Months Ended August 2026
  • Secured Largest Cloud Agreement in Company History, Including Multi-Year Committed Full-Stack Access Through Apollo
  • Expanded Enterprise Reach Through Leading Hyperscaler Agreement and Oracle Beta Launch

BROOMFIELD, Colo., Nov. 5, 2026 /PRNewswire/ — Quantinuum Inc. (Nasdaq: QNT) (the “Company”), a leading full-stack quantum computing company, today announced financial results for the third quarter ended September 30, 2026.

Quantinuum Logo

“In the third-quarter, we extended our technology leadership in the critical area of fault-tolerance, added to our customer base, and expanded our routes to market,” said Rajeeb Hazra, President and Chief Executive Officer of Quantinuum. “This accelerated momentum is supporting our raised revenue outlook for 2026 and giving us more confidence than ever in the opportunity in front of us.”

Third Quarter 2026 Financial Highlights

  • Revenue was $9.1 million, an increase of 233% year-over-year, compared with $2.7 million in the prior-year period.
  • GAAP gross margin was 33.3%, compared with (43.5%) the prior-year period.
  • Adjusted gross margin was 74.6%, up 853 basis points versus the prior-year period.
  • Adjusted EBITDA loss was $80 million, compared with a loss of $45 million in the prior-year period.
  • GAAP net loss was $118 million, compared with a net loss of $52 million in the prior-year period.
  • GAAP net loss per share attributable to Class A common stockholders was $0.46.
  • Adjusted net loss per share was $0.29.
  • Cash & cash equivalents were $1.94 billion as of September 30, 2026.

Adjusted EBITDA, Adjusted Gross Margin and Adjusted net loss per share are non-GAAP financial measures defined under “Non-GAAP Financial Measures.” For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to the Appendix tables at the end of this press release.

Third Quarter and Recent Business Highlights

Commercial Highlights:

  • Signed the largest cloud agreement in Company history, securing a multi-year extension with a leading global financial institution that includes committed access through Apollo and Nexus.
  • Signed with another top 5 global pharmaceuticals company on applying quantum computing and AI to cancer-therapy materials that offer the potential to accelerate drug development and enable more effective treatments. 
  • Signed agreement with GE Vernova to advance application development in superconducting materials.
  • Signed deal with Abu Dhabi Maritime Academy and Quincus for research and applications in maritime logistics.
  • Expanded cloud distribution through a new agreement with a leading hyperscaler serving millions of developers and advanced Oracle partnership by launching a joint beta program for hybrid quantum-AI applications.
  • Deepened U.S. government commitments by continuing to execute on DARPA QBI Stage B contract, actively discussing a Stage C scope of work, and participating in four winning proposals under Phase 1 of the Department of Energy’s Genesis Mission
  • Advanced international deployments, with Helios assembly underway in Singapore ahead of spring 2027 commissioning and a Reimei system upgrade at RIKEN in Japan scheduled for completion this month.

Product Technology & Supply Chain:

  • Validated the Company’s leading path to universal, fully fault-tolerant quantum computing by 2029 with back-to-back accuracy world records on Helios using two codes within the same scalable, end-to-end logical architecture. Reached 99.9995% logical fidelity in October—within Apollo’s target range—with an error rate ten times lower than September’s record and 100 times lower than the best published result across other hardware modalities. Results also demonstrate Quantinuum’s significant overhead and scalability advantage.
  • Sol remains on track for 2H 2027, with full-scale control-system validation complete and integration and assembly targeted for Q1 2027, ahead of validation and tuning toward 100 logical qubits at a target logical error rate of 10⁻⁵.
  • Apollo remains on track for 2029, supported by design milestones, including validating that our cryogenic system can be deployed at the required scale.
  • Strengthened the manufacturing foundation for future systems through partnerships with GlobalFoundries, Infineon, Honeywell Aerospace and Monarch Quantum, and finalized the CHIPS R&D award as the only trapped-ion company selected.

Software:

  • Announced a multi-generational Nexus roadmap through Apollo, aligning application development and hybrid deployment with successive hardware generations to build what the Company believes will be the first developer platform designed for the fault-tolerant era.
  • Expanded fault-tolerant capabilities through a September Nexus release that extends Guppy tools for logical-qubit programming and supported error-correction encoding, reducing the need to rewrite applications for specific codes. Planned December release will expand responsive hybrid quantum-classical workflows, supported error-correction codes, and execution analytics for application optimization.
  • Accelerated Nexus adoption and usage, with adoption growing nearly 20% quarter-over-quarter to 215 organizations; total job submissions increased tenfold in the 12 months through August 2026 compared with the preceding 12-month period.

Ecosystem: 

  • Introduced QUOPS with Sandia National Laboratories and NVIDIA, benchmarking useful computational scale and speed. Quantinuum is building industry-wide alignment toward a common standard that supports customer comparisons and purchasing decisions.
  • Expanded the quantum user ecosystem, growing Q-Net to more than 800 members, adding eight startup partners and partnering with Singapore’s National Quantum Office to organize a global quantum challenge that attracted more than 200 submissions.

Financial Outlook

  • Raising full-year 2026 revenue outlook to $31 to $34 million, up from $28 to $32 million previously.

Third Quarter 2026 Conference Call

Quantinuum will host a conference call at 5 PM Eastern time on Thursday, November 5, 2026, to discuss its results for the third quarter ended September 30, 2026, and provide a business update. The call will be available live via webcast here.

An archive replay of the webcast will be made available on the Quantinuum Investor Relations website following the call and will remain available for one year.

Non-GAAP Financial Measures

To supplement Quantinuum’s condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses the following non-GAAP financial measures presented in this release: Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Net Loss, fully distributed, Adjusted EBITDA, and Adjusted Net Loss Per Share, fully distributed.

Adjusted Gross Profit starts with GAAP gross profit and adds back equity compensation and related employer taxes attributable to cost of revenue and depreciation and amortization attributable to cost of revenue.

Adjusted Gross Margin is calculated as Adjusted Gross Profit divided by revenue, net.

Adjusted Net Loss, fully distributed starts with GAAP net loss on an as-converted basis, adjusts for equity compensation and related employer taxes, costs of the initial public offering and the transition to public company reporting, severance expense, the change in fair value of liability-classified warrants, and loss on disposal and write down of assets, and then applies an assumed statutory tax rate to the resulting adjusted pre-tax loss. No tax benefit is recognized in respect of losses subject to a full valuation allowance, and accordingly no tax benefit is reflected in the periods presented.

Adjusted EBITDA starts with Adjusted Net Loss, fully distributed, and further excludes income tax expense, interest income, net, depreciation, and amortization of acquired intangibles.

Adjusted Net Loss Per Share, fully distributed is calculated as Adjusted Net Loss, fully distributed, divided by adjusted shares, fully distributed, basic and diluted, comprising weighted-average Class A common shares outstanding and Common Units of Quantinuum Holdings.

Management believes these measures provide investors with additional information useful in evaluating the Company’s operating performance and trends across periods. Quantinuum’s results include large non-cash charges that management does not consider indicative of ongoing operating performance, principally stock-based compensation recognized on completion of the Reorganization and remeasurement of liability-classified warrants. Both are driven by accounting triggers and external inputs rather than operating activity. As an early commercial-stage business, Quantinuum’s period-to-period results also are affected by the timing of individual contracts. Measures that isolate underlying operating performance from non-cash and transition items help investors assess trends across periods.

Quantinuum’s Up-C structure means that GAAP net loss attributable to Quantinuum Inc. reflects only the Class A share of the economics. Presenting adjusted results on an as-converted, fully distributed basis describes the whole economic enterprise, which is how management assesses performance and how the business is managed. Management uses these measures for internal planning and forecasting, evaluating operating performance, and preparing budgets.

These non-GAAP financial measures are supplemental and are not prepared in accordance with GAAP. They are not intended to be considered in isolation or as a substitute for the most directly comparable financial information prepared in accordance with GAAP. Quantinuum’s non-GAAP measures may differ from similarly titled measures used by other companies and, therefore, may not be comparable. Investors should review the reconciliations and should not rely on any single financial measure to evaluate the Company’s business.

Each non-GAAP financial measure is reconciled to its most directly comparable GAAP financial measure in the tables at the end of this release.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally.

The company has a global workforce of approximately over 850 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

Availability of Information on Quantinuum’s Website

Investors and others should note that Quantinuum routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts, and the Quantinuum Investor Relations website. While not all of the information that the Company posts to the Quantinuum Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in Quantinuum to review the information that it shares on ir.quantinuum.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Quantinuum’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs, expectations and outlook are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.

Factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to: our ability to develop, commercialize and achieve market acceptance of our quantum computing hardware and software products; the pace of development of the quantum computing industry and the timing of commercial quantum advantage; our ability to attract and retain customers for our quantum computing systems and quantum computing as a service offerings; the risk of technological obsolescence or the emergence of competing quantum computing approaches, including superconducting, photonic, or other modalities; our dependence on key suppliers and manufacturers of specialized components, including those necessary for our trapped-ion quantum systems; our ability to scale production of our quantum computers and related systems; our ability to protect our intellectual property and proprietary technology; the significant research and development costs inherent in developing next-generation quantum computing capabilities; our ability to attract and retain highly skilled scientists, engineers and other personnel in a competitive labor market; changes in government funding, export controls, or regulations affecting quantum technologies; uncertainty regarding the timing and extent of commercial applications; cybersecurity risks and the protection of sensitive customer data; and macroeconomic conditions, geopolitical instability and their potential effects on our business and operations. For additional information on these and other risks that could affect the Company’s forward-looking statements, see the Company’s risk factors discussed in its filings with the U.S. Securities and Exchange Commission, including its most recent Quarterly Report on Form 10-Q, as such risk factors may be updated from time to time. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties. The Company disclaims any intent or obligation to update, revise or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

Contacts

Investor & Media Contact

Shub Mukherjee – Investor Contact – investors@quantinuum.com

Aaron Sorenson – Media Contact – press@quantinuum.com

Appendix

 

Condensed Consolidated Statements of Operations (Unaudited)


(dollars in thousands, except share and per share data)


Amounts may not sum due to rounding.

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Revenue—net

9,050

2,715

22,285

23,908

Costs and expenses:


Cost of revenue

3,194

1,058

14,618

3,728

Amortization expense

4,184

2,839

12,554

8,517

Research and development expenses—net

97,482

42,382

519,433

117,822

Sales and marketing expenses

14,856

3,977

57,920

10,779

General and administrative expenses

22,149

5,334

182,752

16,903

Total costs and expenses

141,865

55,590

787,277

157,749

Loss from operations

(132,815)

(52,875)

(764,992)

(133,841)

Interest income—net

(14,324)

(3,072)

(23,807)

(5,415)

Loss on change in fair value of warrant

liabilities

—

2,100

111,815

9,900

Other (income)/expense—net

(283)

3

(2,296)

803

Loss before taxes

(118,208)

(51,906)

(850,704)

(139,129)

Tax (benefit)/expense

(357)

130

260

313

Net loss

(117,851)

(52,036)

(850,964)

(139,442)

Less: Net loss attributable to Quantinuum

(Cayman) prior to the Transactions

—

N/A

(246,680)

N/A

Less: Net loss attributable to the non-

controlling interest

(100,899)

N/A

(521,914)

N/A

Net loss attributable to Quantinuum Inc.

(16,952)

N/A

(82,370)

N/A

Net loss per share attributable to Class A

common stockholders—basic and diluted¹

(0.46)

N/A

(2.27)

N/A

Weighted-average shares used in computing net

loss per share attributable to Class A common

stockholders—basic and diluted¹

36,806,913

N/A

36,216,440

N/A







(1) For the nine months ended September 30, 2026, net loss per share of Class A common stock and weighted-average shares of Class A common stock are presented for the period during the Transactions through September 30, 2026, which is the period effective with and following the Transactions as defined in Note 1 — Description of Organization found in the June 30, 2026 form 10-Q.

 

 

Condensed Consolidated Balance Sheets (Unaudited)


(dollars in thousands)



September 30, 2026

December 31, 2025

Assets

Current assets:

Cash and cash equivalents

1,936,114

762,642

Accounts receivable

3,254

5,068

Due from related parties

336

604

Inventories

8,057

—

Net investment in lease, current

5,773

5,773

      Other current assets

39,894

27,754

Total current assets

1,993,428

801,841

Property and equipment—net

162,598

120,965

Right-of-use assets

30,171

10,000

Goodwill

771,506

784,822

Other intangible assets—net

101,027

114,282

Net investment in lease, non-current

5,773

10,102

Other assets—net

20,373

3,613

Total assets

3,084,876

1,845,625

Liabilities

Current liabilities:

Accounts payable

19,478

10,620

Due to related parties

—

1,273

Accrued liabilities

60,475

44,358

Total current liabilities

79,953

56,251

Warrant liability

—

38,400

License payable, non-current portion

55,345

55,345

Operating lease liabilities, non-current

29,137

7,143

Other liabilities

605

893

Temporary equity

Series A convertible redeemable preferred stock, $0.0001 par value per share; 31,983,034

shares authorized as of December 31, 2025; 23,119,001 shares issued and outstanding as of

December 31, 2025; liquidation preference of $423,540 as of December 31, 2025

—

288,129

Series A-1 convertible redeemable preferred stock, $0.0001 par value per share; 28,016,966

shares authorized, issued and outstanding as of December 31, 2025; liquidation preference

of $479,930,628 as of December 31, 2025

—

400,978

Series B convertible redeemable preferred stock, $0.0001 par value per share; 31,753,266

shares authorized as of December 31, 2025; 31,336,698 shares issued and outstanding as of

December 31, 2025; liquidation preference of $878,367,645 as of December 31, 2025

—

824,834

Shareholders’ equity / Quantinuum (Cayman) equity

Quantinuum (Cayman) equity

—

173,652

Preferred stock, $0.0001 par value per share; 20,000,000 shares authorized, as of September

30, 2026; no shares issued and outstanding as of September 30, 2026

—

—

Class A common stock, $0.0001 par value per share; 2,000,000,000 shares authorized as of September

30, 2026; 43,386,129 shares issued and 43,313,266 shares outstanding as of September 30, 2026

4

—

Class B common stock, $0.0001 par value per share; 2,000,000,000 shares authorized as of

September 30, 2026; 222,338,654 shares issued and outstanding as of September 30, 2026

22

—

Class A common stock held in treasury, at cost; 72,863 shares and 0 shares as of September

30, 2026 and December 31, 2025, respectively

(3,803)

—

Additional paid-in-capital

541,704

—

Accumulated other comprehensive (loss) income

(1,466)

—

      Accumulated deficit

(82,370)

—

Total equity attributable to Quantinuum Inc. / Quantinuum (Cayman)

454,091

173,652

      Non-controlling interest

2,465,745

—

Total equity

2,919,836

173,652

Total Liabilities and equity

3,084,876

1,845,625

 

 

Condensed Consolidated Statements of Cash Flows (Unaudited)


(dollars in thousands)


Amounts may not sum due to rounding.

Nine Months Ended September 30,

2026

2025

Cash flows from operating activities:

Net loss                                                                                                                                                                                                        

(850,964)

(139,442)

Adjustments to reconcile to net cash used for operating activities



Depreciation and amortization

27,868

22,442

Noncash lease expense

4,510

1,799

Sales under sales-type lease

—

(16,526)

Stock compensation expense

484,699

—

Loss on change in fair value of warrant liabilities

111,815

9,900

(Gain)/Loss on disposal and write down of assets

(4)

909

Interest expense

5

6

Foreign exchange (gain)/loss—net

(118)

(8)

Access to quantum computing hardware

6,889

4,746

Changes in operating assets and liabilities



Accounts receivable

1,804

1,769

Due from related parties

224

424

Other current assets

(20,836)

(1,064)

Net investment in leases

4,330

4,330

Other assets—net

(16,100)

926

Accounts payable

4,864

5,718

Due to related parties

(1,126)

76

Accrued liabilities

12,481

7,052

Other liabilities

(253)

84

Net cash used for operating activities

(229,912)

(96,859)

Cash flows from investing activities:

Capital expenditures

(64,705)

(61,021)

Net cash used for investing activities

(64,705)

(61,021)

Cash flows from financing activities:

Proceeds from the issuance of preferred stock to Honeywell

—

350,000

Proceeds from issuance of Series B Convertible Preferred Stock, net of issuance costs

—

251,103

Proceeds from issuance of common stock

1,628,774

—

Common stock issuance costs

(28,844)

—

Other issuance Costs

(814)


Withholding taxes paid on stock compensation

(130,780)

—

Net cash provided by financing activities

1,468,336

601,103

Effect of exchange rate changes on cash and cash equivalents

(247)

1,589

Net increase in cash and cash equivalents

1,173,472

444,812

Cash and cash equivalents at beginning of period

762,642

172,343

Cash and cash equivalents at end of period

1,936,114

617,155

Non-cash investing and financing activities:

Unpaid purchases of property and equipment

9,094

3,913

Unpaid other issuance costs

1,774

7,263

Value of shares issued via cashless warrant exercise

150,215

—

 

 

 


Reconciliation of GAAP Gross Profit to Adjusted Gross Profit (Unaudited)


(dollars in thousands, except percentages)


Amounts may not sum due to rounding.

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Revenue, net

9,050

2,715

22,285

23,908

Cost of revenue

3,194

1,058

14,618

3,728

Amortization of acquired intangibles, cost of revenue portion¹

2,839

2,839

8,518

8,517

GAAP gross profit

3,017

(1,182)

(851)

11,663

GAAP gross margin

33.3 %

(43.5 %)

(3.8 %)

48.8 %

Equity compensation and related employer taxes²

748

—

7,321

—

Depreciation and amortization³

2,985

2,975

10,024

9,553

Adjusted gross profit

6,750

1,793

16,494

21,216

Adjusted gross margin

74.6 %

66.1 %

74.0 %

88.7 %






(1) Our condensed consolidated statements of operations present amortization of acquired intangibles as a single separate line and do not present a gross profit subtotal. The amount shown in this table is the portion of that line attributable to cost of revenue, allocated according to the assets to which it relates. Cost of revenue is presented as reported. The remaining portion is presented within research and development.   

(2) Represents stock-based compensation expense and the related employer payroll taxes on equity vesting, in each case attributable to cost of revenue. Employer payroll taxes were 2 and 244 for the three and nine months ended September 30, 2026, respectively, and 0 in the corresponding prior year periods. These amounts are a subset of the equity compensation and related employer taxes adjustment presented in the reconciliation of GAAP net loss.                                                               

(3) Represents depreciation of property and equipment and amortization of acquired intangible assets attributable to cost of revenue.              

 

 

Reconciliation of GAAP Net Loss to Adjusted Net Loss, Adjusted EBITDA and Adjusted Earnings Per Share (Unaudited)


(dollars in thousands, except share and per share amounts)


Amounts may not sum due to rounding.

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Numerator

Net loss attributable to Quantinuum Inc.

(16,952)

N/A

(82,370)

N/A

Net loss attributable to Quantinuum (Cayman) prior to the Transactions

—

N/A

(246,680)

N/A

Net loss attributable to the non-controlling interest

(100,899)

N/A

(521,914)

N/A

GAAP net loss, as-converted¹

(117,851)

(52,036)

(850,964)

(139,442)

Equity compensation and related employer taxes²

37,333

—

501,920

—

IPO and public company readiness, legal and other transaction costs³

4,937

—

24,738

—

Severance expense

353

—

353

—

Warrant fair value adjustment⁴

—

2,100

111,815

9,900

Loss on disposal and write down of assets

6

8

(4)

909

Adjusted net loss, fully distributed

(75,222)

(49,928)

(212,142)

(128,633)

Income tax (benefit) expense

(357)

130

260

313

     Interest income, net

(14,324)

(3,072)

(23,807)

(5,415)

Depreciation and other⁵

5,224

4,751

15,314

13,925

Amortization of acquired intangibles⁶

4,184

2,839

12,554

8,517

Adjusted EBITDA

(80,495)

(45,280)

(207,821)

(111,293)

Denominator⁷






     Weighted-average Class A common shares outstanding, basic and diluted

36,806,913

N/A

36,216,440

N/A

Common Units of Quantinuum Holdings

225,242,666

N/A

226,892,141

N/A

Adjusted shares, fully distributed, basic and diluted

262,049,579

N/A

263,108,581

N/A

Per share⁸





      GAAP net loss per Class A common share, basic and diluted               

(0.46)

N/A 

(2.27)

N/A

Adjusted net loss per share, fully distributed, basic and diluted

(0.29)

n.m.

(0.81)

n.m.


(1) The as-converted basis includes the economic interests represented by Class A common stock and Common Units of Quantinuum Holdings as if all Common Units were exchanged for Class A common stock. It is used because Class A common stock represents a minority of the economic interest in Quantinuum Holdings.

(2) Represents non-cash compensation expense associated with equity-based awards, including expense recognized in connection with the Reorganization, together with the related employer payroll taxes on equity vesting. Employer payroll taxes were $94 and $17,221 for the three and nine months ended September 30, 2026, respectively, and zero in the corresponding prior year periods. The stock-based compensation component agrees to the stock compensation expense line in the condensed consolidated statements of cash flows.                                               

(3) Represents costs of the initial public offering, transaction costs, and the transition to public company reporting. These costs represent professional fees for advisory, legal, accounting, valuation and other professional or consulting services incurred related to the IPO. These costs are scoped by reference to their cause and have a defined end. They do not include the ongoing costs of operating as a public company.                                                          

(4) Represents the non-cash change in fair value of liability-classified warrants, which is driven by valuation inputs and accounting remeasurement rather than operating activity.                                                            

(5) Represents total depreciation and amortization per our condensed consolidated statements of cash flows, less amortization of acquired intangibles shown separately below. Includes amortization of capitalized software.

(6) Represents total amortization of acquired intangible assets for the period and agrees to the amortization expense line in the condensed consolidated statements of operations.                                                        

(7) The denominator comprises Class A common stock and all Common Units of Quantinuum Holdings. Class B common stock is non-economic, carries voting rights only, and is cancelled upon exchange of the corresponding Common Units.                                                         

(8) GAAP net loss per Class A common share covers only the period from June 5, 2026, following the Transactions, while adjusted net loss per share, fully distributed, covers the full nine month period presented. The two measures therefore are not calculated on the same period basis. No per share amounts are presented for periods prior to the Reorganization because the calculation would not produce values meaningful to users.         

 

 

 

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/quantinuum-reports-third-quarter-2026-results-and-raises-full-year-revenue-outlook-302931318.html

5, Nov 2026
ROYAL CARIBBEAN ANNOUNCES SUMMER 2028 CARIBBEAN LINEUP ACROSS FOUR ICON CLASS SHIPS AND NEWLY AMPLIFIED VACATIONS

Vacationers can explore tropical Caribbean islands and sun-drenched Mexican beaches on 11 different ships, including the newest ultimate family vacation Hero of the Seas and soon-to-be-amplified Symphony of the Seas

MIAMI, Nov. 5, 2026 /PRNewswire/ — Royal Caribbean has unveiled its boldest lineup of Caribbean and Mexico vacations yet, giving adventurers new ways to explore the region from Florida, Texas, Puerto Rico and the Northeast. From April 2028 through October 2028, adventurers can explore the white sand beaches, turquoise waters and lush landscapes of tropical destinations across 11 game-changing ships, including four Icon Class ships from Florida and Texas and Symphony of the Seas from Miami, which will debut all-new amplified experiences in 2028. The summer 2028 lineup of vacations are now open to book on Royal Caribbean’s website for Crown & Anchor Society loyalty members, ahead of the official opening later this afternoon.

The world’s best vacations, Royal Caribbean’s Icon and Star of the Seas deliver the ultimate Caribbean vacations for all ages, including visits to Royal Caribbean’s top-rated Perfect Day CocoCay in The Bahamas.

The 2028 adventures will take vacationers to sun-soaked destinations across the Caribbean and Mexico, including Nassau, The Bahamas; Cozumel, Mexico; Grand Turk, Turks and Caicos; St. Croix, U.S. Virgin Islands; Samaná, Dominican Republic, and more. The lineup also features Royal Caribbean’s signature destinations, led by the award-winning Perfect Day CocoCay, where adventurers can chase thrills on 14 waterslides at Thrill Waterpark, unwind at the adults-only Hideaway Beach or enjoy the exclusive Coco Beach Club. In Nassau, vacationers can purchase a day pass to Royal Beach Club Paradise Island and enjoy the ultimate beach day with pools, beaches, swim-up bars, local cuisine and more.

2028 Summer Caribbean Highlights

Vacations from Florida

  • Hero of the Seas – From Miami

    Beginning April 2028, the newest Icon Class ship will travel to Eastern and Western Caribbean destinations on 7-night vacations, including Royal Caribbean’s Perfect Day CocoCay in The Bahamas. Vacationers on Hero can explore Philipsburg, St. Maarten, by catamaran, take in views from the aerial tram in Charlotte Amalie, St. Thomas, or participate in traditional cooking classes in Cozumel. Back on the ship, vacationers can make lifelong memories across nine pools – including the new Coconut Cove pool and The Hideaway swim-up bar – more than 40 ways to dine and drink, all-new cooking classes, family accommodations like the three-story Ultimate Family Treehouse and more.



  • Symphony of the Seas – From Miami

    Debuting a newly amplified lineup of experiences in 2028 to be revealed at a later date, Symphony will bring vacationers to picturesque destinations across the Caribbean on 6- and 8-night getaways. Vacationers can explore the historic Queen Emma Bridge in Willemstad, Curacao, raft on the Martha Brae River and hike Dunn’s River Falls in Falmouth, Jamaica. Plus, Symphony brings both high-energy days and evenings with the 10-story Ultimate Abyss dry slide, AquaTheater performances and more than 20 dining venues with global cuisines.



  • Legend of the Seas – From Fort Lauderdale

    On 6- and 8-night vacations, Legend will visit Perfect Day CocoCay and other tropical destinations beginning April 2028. With visits to Cabo Rojo, Dominican Republic, and Oranjestad, Aruba, vacationers seeking relaxation can sunbathe on the white sand beaches and swim in the crystal-clear waters while thrill-seekers embark on ATV rides through rugged jungle terrain or snorkel near abandoned cargo ships. On Legend, families have a record-breaking 28 options to dine, including the immersive Royal Railway – Legend Station journeying through the Silk Routes, bold entertainment headlined by Roald Dahl’s “Charlie and the Chocolate Factory” and more.



  • Star of the Seas – From Port Canaveral (Orlando)

    Star will bring vacationers to Perfect Day CocoCay; Samaná; San Juan, Puerto Rico; and other tropical hotspots on 7-night Western and Eastern Caribbean vacations. Travelers can explore lush mangrove forests, visit natural wonders like El Limón Waterfall, explore historic landmarks in Charlotte Amalie and discover local cuisine in Cozumel.



  • Harmony of the Seas – From Port Canaveral (Orlando)

    The recently amplified Harmony will visit Perfect Day CocoCay and destinations throughout the Caribbean on 7-night vacations that blend relaxation and adventure. While in Nassau, vacationers can experience Royal Caribbean’s Royal Beach Club Paradise Island for the ultimate beach day with swim-up bars, pools and beaches, and Bahamian cuisine. On deck, guests can relax at the Caribbean-inspired pool deck, sip on tropical drinks at The Lime & Coconut or dine at more than 20 venues.



  • Brilliance of the Seas – From Tampa

    Brilliance will explore Western Caribbean destinations known for their pristine beaches and aquatic wildlife during 6- and 7-night getaways beginning April 2028. Adventurers can snorkel in the Mesoamerican Barrier Reef, the second-largest coral reef system in the world, while in Belize City or swim with stingrays in Grand Cayman’s famous Stingray City.

Vacations from Texas

  • Icon of the Seas – From Galveston

    The world’s best family vacation takes on Texas with 6- and 8-night Western Caribbean vacations, with visits to Cozumel; Roatan, Honduras, and other tropical destinations. Adventurers on Icon can visit Mayan archaeological sites, snorkel with stingrays or zipline through rainforest canopies. At sea, vacationers can enjoy specialty beverages from Swim & Tonic, the brand’s first ever swim up bar, as well as over 40 other ways to dine and drink.

Vacations from Puerto Rico

  • Enchantment of the Seas – From San Juan

    On 7-night getaways, Enchantment will visit must-see islands across the Southern Caribbean, including Tortola, British Virgin Islands; St. John’s, Antigua; Basseterre, St. Kitts & Nevis; Castries, St. Lucia; Roseau, Dominica; and Bridgetown, Barbados. Between destinations, Enchantment has a variety of thrills and ways to chill, in addition to fan-favorite dining venues like premium cuts at Chops Grille and cuisines from around the world in the Windjammer.

Vacations from the Northeast

  • Vision of the Seas – From Baltimore

    With 5- to 9-night vacations, Vision will take vacationers to the famous pink sands of Bermuda’s Horseshoe Bay Beach and underground lakes in the Crystal Caves, as well as to spots in Fort De France, Martinique; St. Johns, Antigua; and other pristine destinations in the Southern Caribbean. Vision features over two acres of glass and provides panoramic ocean views as vacationers relax and recharge between destinations.



  • Independence of the Seas – From Cape Liberty

    In spring 2028, Independence will bring 4- to 9-night vacations to destinations across Canada, New England, Bermuda and the Eastern Caribbean. Vacationers can collect sea glass, take a dip in Jobson’s Cove or stroll along the pure blue coastline of Elbow Beach in Bermuda, and swim with dolphins in Puerto Plata, Dominican Republic.



  • Oasis of the Seas – From Cape Liberty

    Oasis will bring 7-night vacations to the Caribbean, perfect for making memories with the whole family and epic celebrations. While at Royal Caribbean’s Perfect Day CocoCay, vacationers can visit The Hideaway, an ultimate adults-only beachfront paradise, or get their adrenaline pumping on the 14 waterslides in Thrill Waterpark. In Nassau, adventurers can head to Royal Beach Club Paradise Island for the ultimate beach day. Oasis also features seven distinct neighborhoods to explore, with each bringing a mix of thrills, ways to chill, dining and entertainment.

Vacationers can book the new and upcoming adventures on Royal Caribbean’s website.

About Royal Caribbean

Royal Caribbean, part of Royal Caribbean Group (NYSE: RCL), has delivered memorable vacations for more than 50 years. The cruise line’s game-changing ships and signature destinations revolutionize vacations with industry-leading innovations and an all-encompassing combination of experiences, from thrills and ways to chill, to dining and entertainment, for every type of family and vacationer. Voted “Best Cruise Line Overall” for 23 consecutive years in the Travel Weekly Readers Choice Awards, Royal Caribbean makes memories with adventurers across more than 300 destinations in 80 countries on all seven continents, including Perfect Day CocoCay in The Bahamas and Royal Beach Clubs in Paradise Island and Santorini, plus Royal Beach Club Lelepa coming soon.

Media can stay up to date by following @RoyalCaribPR on X and visit www.RoyalCaribbeanPressCenter.com. For additional information or to book, vacationers can visit www.RoyalCaribbean.com, call (800) ROYAL-CARIBBEAN or contact their travel advisor. 

Royal Caribbean has introduced the boldest evolution of family vacations with Hero of the Seas, the fourth Icon Class ship arriving to Miami in August 2027. Hero will raise the bar with more ways for vacationers of all ages to make lifelong memories across nine pools – the most at sea – and amped-up thrills, new dining venues and cooking classes, more ways to stay like the Ultimate Family Treehouse and more.

Royal Caribbean’s Symphony of the Seas features seven distinct neighborhoods, complete with favorites like the Ultimate Abyss, FlowRider surf simulators, Ultimate Family Suite, Hooked Seafood, Playmakers Sports Bar & Arcade and more.

RCI Brand Logo

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/royal-caribbean-announces-summer-2028-caribbean-lineup-across-four-icon-class-ships-and-newly-amplified-vacations-302930922.html

5, Nov 2026
Chinese and foreign cultural & media figures visited China Auto Valley

BEIJING, Nov. 5, 2026 /PRNewswire/ — From September 9 to 11, 2026, the event “Smart Manufacturing Stories, Global Voices — China Auto Valley Tour for Chinese and Foreign Cultural & Media Figures” was held in the Wuhan Economic & Technological Development Zone, Hubei Province. The event was co-organized by the CICG Academy of Translation and Interpretation and the Publicity Department of the Working Committee of the Wuhan Economic & Technological Development Zone.

Translators, writers, and media journalists from China, the United Kingdom, Egypt, Pakistan, Morocco, Russia gathered in Wuhan. They visited the Dongfeng Motor Global Innovation Center, M-Hero vehicles, the Geely Lotus Global Smart Factory, and the China Auto Valley Exhibition Center, learning about autonomous driving technology, experiencing the smart manufacturing capabilities of China Auto Valley up close, and gaining a firsthand understanding of the automotive industry’s iterative upgrading, the clustering of science and technology industries, and urban renewal and transformation.

The visitors unanimously agreed that the Wuhan Economic & Technological Development Zone has made a major transition from traditional automobile manufacturing to smart and green manufacturing. Its comprehensive industrial-chain support and strong momentum for innovation vividly demonstrate the great strength of China’s smart manufacturing. Its model of coordinated industrial and urban development provides a practical reference for industrial cities worldwide.

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chinese-and-foreign-cultural–media-figures-visited-china-auto-valley-302930940.html

5, Nov 2026
Multiliquid Treasury Launches 24/7 T-Bill Yield and Instant Settlement for Corporate Cash

Institutions can now earn continuous Treasury yields on idle operating balances with atomic, around-the-clock redemptions.

LOS ANGELES, Nov. 5, 2026 /PRNewswire/ — Multiliquid, the instant settlement layer for tokenized assets, today launched Multiliquid Treasury: an institutional cash management solution enabling corporate treasuries, fintechs, and asset managers to earn short-duration Treasury yields on idle capital, with instant redemption available 24/7.

Traditional corporate cash management forces a hard compromise between yield and velocity. Operating floats held for payroll, vendor obligations, and margin requirements routinely sit idle in non-interest-bearing operational accounts because money market funds can only be redeemed on business days, before strict daily cut-offs, and close completely over weekends and bank holidays.

Multiliquid Treasury eliminates this cash drag by using tokenized assets. Depositors access a formulaic interest rate tied directly to the 3-month U.S. Treasury Bill rate, while retaining the ability to sweep back into cash or stablecoins atomically in a single transaction, at 2:00 AM on a Sunday just as easily as midday Tuesday.

Solving the Weekend Float Problem

For an enterprise holding $25 million in liquid reserves, leaving cash idle costs hundreds of thousands of dollars annually in forgone interest. At an indicative annualized rate of up to 3.5%, that capital could generate up to approximately $875,000 a year in continuous yield without impairing same-day liquidity needs.

“For decades, corporate cash has had to choose between earning a return and being available, because the systems that move money close every evening and every weekend. On-chain settlement removes that constraint. Multiliquid Treasury is what cash management looks like in the new financial system: every idle dollar earns T-Bill yield, and every dollar is back in cash the moment you need it.” — Will Beeson, Founder and CEO, Multiliquid

How it works

  • Diversified Money Market Fund Backing: Depositors lend to an SPV whose reserves are programmatically allocated across regulated, blue-chip tokenized government funds—including the WisdomTree Government Money Market Digital Fund (WTGXX) and the Janus Henderson Anemoy Treasury Fund (JTRSY), mitigating single-issuer concentration risk.
  • Instant Exits via Dedicated Buffer. A programmatic 5–10% liquidity buffer, reinforced by institutional repo lines, supports atomic instant redemptions under normal market conditions, with no notice periods or redemption windows.
  • Unified Onboarding: Replaces fragmented fund-by-fund documentation with a single KYB/KYC verification covering the entire underlying portfolio. U.S. and international accredited institutions can typically onboard within 24 hours.
  • API-first. Accessible via institutional APIs and smart contracts for automated treasury sweeps, alongside a no-code dashboard for manual execution.
  • Verifiable. Reserves and fund allocations are verifiable on-chain in real time, with core settlement contracts audited by Cantina and Zellic.

Availability

Multiliquid Treasury is live today across Ethereum Mainnet and Solana for eligible accredited and institutional investors. Onboarding at https://www.multiliquid.xyz/tsy-onboarding

Key facts

Item

Detail

Product

Multiliquid Treasury

Target Function

Continuous T-Bill yield accrual with instant, 24/7 redemption

Yield Benchmark

Formulaic rate indexed to 3-month U.S. Treasury Bill yields (indicative APY up to 3.5%)

Underlying

WisdomTree WTGXX & Janus Henderson JTRSY (AAAf / S1+), buffered by 5–10% liquid cash reserves

Settlement Mechanics

Single-block atomic settlement (Ethereum Mainnet & Solana); 24/7/365

Legal Structure

Depositors are lenders to Uniform Treasury SPV, LLC, a Delaware bankruptcy-remote SPV.

Eligibility

U.S. and international accredited & institutional investors; zero deposit minimums

Onboarding

KYC/KYB and accredited investor verification; typically under 24 hours

Security Audits

Cantina, Zellic

Access Methods

Developer API, Multiliquid Web Application, SDK, Direct via Smart Contracts

About Multiliquid

Multiliquid is the instant settlement layer for tokenized assets: a neutral, institutional-grade liquidity layer that enables instant, 24/7 atomic settlement between tokenized assets, stablecoins and tokenized deposits. Treasurers, asset issuers and capital providers use Multiliquid to move between tokenized funds and cash without redemption windows or cut-off times. Learn more at multiliquid.xyz.

Media contact: team@multiliquid.xyz

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5, Nov 2026
KORE Selects 3CLogic AI-Powered Voice-first CX Platform to Elevate Customer Experiences and Drive Operational ROI

Deep integration with ServiceNow® CSM will replace disjointed systems with a unified platform to seamlessly manage, route, and measure both human and Voice AI engagements.

RIVERSIDE, Calif., Nov. 5, 2026 /PRNewswire/ — 3CLogic, the voice-first CX platform for the enterprise, today announced its selection by KORE Group Holdings, Inc. (“KORE”), a global leader in Internet of Things (“IoT”) connectivity, solutions and analytics. KORE will deploy 3CLogic to transform its global customer service operations, leveraging the solutions’ voice AI and contact center capabilities together with ServiceNow® Customer Service Management (CSM) to consolidate legacy systems, harness real-time transcription, and drive measurable return on investment (ROI).

3CLogic

The Challenge: Modernizing a Disjointed Agent Experience

As a global leader simplifying the complexities of IoT connectivity, KORE processes a high volume of complex technical inquiries that require rapid, accurate resolution. However, prior to selecting 3CLogic, the company’s customer service infrastructure faced operational bottlenecks. Disjointed legacy telephony systems resulted in manual call logging tasks, limited data visibility, and fragmented agent desktop experiences that hindered overall productivity.

To meet the evolving demands of its enterprise customer base, KORE sought to consolidate and replace these disconnected systems with an AI-driven, omnichannel solution capable of embedding natively within their existing ServiceNow CSM system. The immediate goals were to eliminate “swivel-chair” inefficiencies, reduce Average Handle Time (AHT), and provide a frictionless, unified workspace for both agents and supervisors.

The Solution: A Unified Platform for Human and Voice AI Engagements

With 3CLogic, KORE will centralize its voice and digital interactions directly within the ServiceNow Configurable Agent Workspace. Rather than relying on an aggregation of disjointed point solutions, KORE inherits a holistic CX platform designed to solve for both Voice AI agents and human engagements—allowing the enterprise to seamlessly build, deploy, route, and measure both equally. Key capabilities and expected value include:

  • Intelligent Routing and Self-Service: By leveraging ServiceNow data in real-time, 3CLogic will enable KORE to dynamically route callers to the most appropriate human agent or automated self-service workflow based on caller intent, customer history, and account status. The intelligent experiences and voice workflows will reduce transfer rates, accelerate time-to-resolution, and empower customers to resolve routine inquiries independently.



  • Real-Time Transcription and Generative AI: A critical driver in the selection process was 3CLogic’s robust GenAI feature set. KORE agents will no longer rely on manual, time-consuming note-taking. Interactions are instantly transcribed, summarized, and automatically associated with the designated ServiceNow Contact or Case. The built-in automation drastically reduces After-Call Work (ACW), significantly boosting agent utilization rates and delivering immediate ROI through lowered operational costs.



  • Consolidated Reporting and Analytics: Unifying telecom data with ServiceNow’s system of record, KORE leadership will gain a single pane of glass for all CX reporting. The combination of rich, transcribed interaction data and native ServiceNow analytics provides comprehensive insights into agent performance, customer sentiment, and contact center trends.

A Phased Approach to AI Optimization

The initial deployment will serve as the foundation for KORE’s broader, long-term AI strategy. Aligning with new budget initiatives in early 2027, KORE will further expand its 3CLogic footprint by introducing advanced Speech Analytics and Coaching capabilities to drive continuous optimization as well as Voice AI Hub to easily build and deploy voice AI agents. The plan will empower KORE to leverage 3CLogic’s latest AI solutions, including AI Evaluations, to optimize ROI across its entire customer service operations. 

Executive Perspectives

“Our mission at KORE is to simplify the complexities of IoT for our customers, and that philosophy must extend to our internal customer support operations,” said Erica Boos, Customer Experience Leader at KORE. “By integrating 3CLogic with our ServiceNow CSM instance, we are empowering our agents with the intelligent, unified tools they need to resolve issues faster. The addition of real-time transcription and automated data entry will not only drive tremendous operational efficiencies and tangible ROI, but also allow our team to focus entirely on delivering a world-class customer experience.”

“We are thrilled to partner with an industry innovator like KORE,” stated Bob Doherty, VP of Global Sales at 3CLogic. “In today’s enterprise landscape, voice is no longer just a channel strategy, it is an AI strategy. By unifying voice, generative AI, and IT workflows directly inside ServiceNow, KORE is positioned to dramatically enhance agent productivity while unlocking powerful, data-driven insights from every single customer interaction.”

About KORE

KORE is a global leader in IoT connectivity and managed services, helping organizations simplify the complexity of deploying, managing and scaling connected solutions. Through its global carrier relationships, technology platform and deep operational expertise, KORE provides secure, reliable and scalable connectivity, managed services, location-based services and analytics to customers across industries and geographies. KORE helps organizations connect and manage devices, navigate complex connectivity requirements and accelerate the deployment of IoT applications around the world. For more information, please visit www.korewireless.com.

About 3CLogic

3CLogic transforms customer and employee experiences with its patented and award-winning AI-powered cloud contact center solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative capabilities, such as intelligent self-service, Generative AI, Conversational AI, agent automation & coaching, and AI-powered sentiment analytics — all designed to lower operational costs, maximize ROI, and deliver better, faster, and more personalized interactions for IT, employee, and customer service. For more information, please visit www.3clogic.com.

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5, Nov 2026
Ondo Finance Becomes World’s Largest Tokenization Platform

Ondo Finance surpasses $4 billion in tokenized real-world assets, ranking #1 out of 203 platforms tracked by RWA.xyz, with 484 tokenized assets and more than 565,000 holders

GREENWICH, Conn., Nov. 5, 2026 /PRNewswire/ — Ondo Finance, the leading tokenizer of institutional-grade financial products, today announced it has become the largest tokenization platform in the world, according to the same RWA.xyz data.Tokenized real-world assets (RWAs) have become one of the fastest-growing corners within global finance. More than $39 billion in RWAs (which exclude stablecoins) are now held onchain, up from roughly $4 billion at the start of 2025, according to RWA.xyz.

The current market capitalization of Ondo tokenized products now exceeds $4 across 484 distinct real-world assets, ranking first among the 203 tokenization platforms RWA.xyz tracks and accounting for roughly 10% of all non-stablecoin tokenized value. Ondo Finance also tokenizes more assets than any other top-ten platform, and Ondo tokenized products reach more than 565,000 RWA holders onchain.

Over the past year, demand has spread well beyond tokenized Treasuries. Investors are moving onchain for tokenized equities, funds and other assets they can access, trade and use around the clock. Ondo Finance has been intentional in its growth with that shift. It has built one of the widest technology platforms in the market and opened access to investors around the world outside the U.S. Through Ondo Global Markets, those investors can hold tokens providing economic exposure to U.S. stocks and ETFs directly in their own wallets across multiple blockchains.

“Becoming the largest tokenization platform in the world is a milestone for Ondo, and it’s a clear signal of where the market is headed,” said Ian De Bode, Acting CEO and President of Ondo Finance. “We built Ondo to bring the world’s most trusted financial assets onchain in a form that institutions and everyday investors alike can hold directly. Crossing $4 billion with more than half a million holders shows that Ondo tokenized products are at the center of innovation and high-quality tokenized assets are real, global and accelerating.”

A milestone built across the full suite

The #1 ranking reflects growth across Ondo’s entire tokenized product suite, including tokenized U.S. Treasuries, tokenized U.S. stocks and ETFs, and Ondo’s broader institutional offerings. Ondo is the only platform ranked in the top two for both tokenized Treasuries and tokenized stocks. This week, Ondo Intelligent Portfolios also crossed $50 million, making it the largest onchain portfolio product on the market.

Momentum across 2026

The ranking caps a year of rapid expansion for Ondo tokenized assets:

  • Tokenized Treasuries: USDY is now the largest tokenized Treasuries product in the world, and Ondo has three products among the top 11, with a market capitalization of more than $3 billion, roughly a fifth of the $14.2 billion tokenized Treasuries market.
  • Tokenized stocks and ETFs: Ondo Global Markets became the largest tokenized stock issuer within 48 hours of its September 2025 launch and now offers more than 430 tokenized U.S. stocks and ETFs across Ethereum, Solana and BSC, with more than $900 million in tokenized value.
  • Multichain reach: Ondo tokenized products are available across 10 blockchains. Beyond Ethereum, investors hold more than $500 million in Ondo tokenized assets on Solana and Stellar, and nearly $500 million on BSC. Solana now hosts a greater variety of  Ondo tokenized assets than any other network, at 485.

About Ondo Finance

Ondo Finance is a blockchain-based technology company focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient. For more information about Ondo Global Markets, please visit ondo.finance/global-markets.

Disclaimer

[*] The tokenized assets referenced herein (including (i) the tokenized stocks, tokenized ETFs and tokenized ADRs now known as Ondo Stocks, and formerly known as Ondo tokenized stocks and ETFs, or as Ondo Global Markets tokens, (collectively, the “Ondo Stocks”) and (ii) USDY tokens (collectively, the “Tokens”) have not been registered under the US Securities Act of 1933, as amended (the “Act”) or the securities or financial instrument laws of any other jurisdiction. The Tokens may not be offered or sold in the United States or to US persons unless registered under the Act or an exemption from the registration requirements thereof is available.  In certain jurisdictions, including the United Kingdom, Switzerland and Singapore, the Ondo Stocks and USDY tokens are offered and sold only to qualified investors or professional clients, as the case may be (or that jurisdiction’s analogue thereof). Other jurisdiction-based prohibitions and restrictions apply. The issuer of the Tokens is not registered as an investment company under the US Investment Company Act of 1940, as amended, or as an Alternative Investment Fund or Undertaking for Collective Investment in Transferable Securities in the EEA, or under the securities or financial instrument laws of any other jurisdiction.

Ondo Stocks provide their holders with economic exposure to the value of their underlying assets, including the value of dividends (less applicable tax withholdings). However, Ondo Stocks are not themselves stocks, ETFs or ADRs and the Ondo Stocks do not provide their holders with rights to hold or receive their respective underlying assets. Similarly, USDY tokens provide their holders with economic exposure to short-term US treasuries, but USDY tokens are not themselves US treasuries and do not provide their holders with rights to hold or receive any US treasuries.

In the EEA/EU, a base prospectus relating to the Tokens has been approved by the Financial Market Authority Liechtenstein (FMA) and notified, at the issuer’s request, to certain EEA Member States (the “Relevant EEA States”), making many Ondo Stocks available to both professional and retail investors, though certain Ondo Stocks are only available to professional investors in the EEA/EU. The prospectus is published at app.ondo.finance at each applicable Token’s webpage. The approval of the prospectus should not be understood as an endorsement of the Tokens. Investors residing in the EU/EEA should read the prospectus, and the relevant final terms and KID for each applicable Token, before investing in order to fully understand the potential risks and rewards associated with the decision to invest. This notice is a marketing communication and does not constitute a prospectus.

Certain Ondo Stocks (referred to in the UAE as “Digital Securities”) have been admitted to trading on Nest Exchange Limited, a Multilateral Trading Facility for Digital Assets operated by Binance in the Abu Dhabi Global Market (“ADGM”), authorised by the Financial Services Regulatory Authority (the “FSRA”). Such Digital Securities are available for trading by those investors eligible for a Binance account. The ADGM FSRA has no responsibility for reviewing or verifying any documents in connection with the admission to trading of such Digital Securities in the ADGM. The FSRA has not approved the documents in connection with the admission to trading nor taken steps to verify the information set out in it and has no responsibility for it. No offer of securities is being made in ADGM. Prospective purchasers of such Digital Securities admitted to trading should conduct their own due diligence on such Digital Securities.

In the United Kingdom, the communications herein may be deemed a financial promotion pursuant to Section 21 of the Financial Services and Markets Act 2000. To the extent that any such finding is made, the communications herein are only intended for, and directed at, investment professionals as defined in article 19 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the “FPO”) who have experience of interacting with the Ondo Stocks and USDY tokens; high net worth companies as defined in article 49 of the FPO, and/or any other persons to whom lawful communication is permitted. Any person not falling within these categories is not permitted to act upon anything within the communications herein, and shall not be entitled to rely upon their contents. Ondo Global Markets (BVI) Limited will not enter into arrangements with such persons concerning Ondo Stocks and USDY tokens as a result of this or any other communication.

The Tokens are issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. OUSG tokens are issued by Ondo I LP, a Delaware (USA) limited partnership (the “Fund”). Ondo Finance Inc., a Delaware (USA) corporation, provides tokenization services to, and is an equity holder of, Ondo Global Markets (BVI) Limited.

The communications herein are only intended for eligible purchasers of, or for actual or potential business relationships or technical integrations with respect to the Tokens. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any Tokens. Nothing herein constitutes investment, legal, tax or financial advice. Acquiring the  Tokens involves risks. A holder of the Tokens may incur losses, including total loss of their purchase price. Past performance is not an indication of future results. Investors are responsible for conducting their own research, investigation, verification, checks or consultation for professional or investment advice.

The communications herein may contain forward-looking statements, including, but not limited to, statements regarding future financial performance, business strategies, or expectations for the growth or development of Ondo Finance, Ondo Global Markets (BVI) Limited, or any of their respective affiliates (each, an “Applicable Entity”). These statements are based on management’s current expectations, estimates, projections, and beliefs, and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by the use of terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental, and technological factors affecting the operations, markets, products, services, or prices of any Applicable Entity. No Applicable Entity undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Additional terms and restrictions apply. See docs.ondo.finance/legal/terms-of-service, docs.ondo.finance/ondo-stocks, ondo.finance/stocks, app.ondo.finance and (as applicable) the Token offering documents for details.

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5, Nov 2026
Multiliquid Treasury Launches 24/7 T-Bill Yield and Instant Settlement for Corporate Cash

Institutions can now earn continuous Treasury yields on idle operating balances with atomic, around-the-clock redemptions.

LOS ANGELES, Nov. 5, 2026 /PRNewswire/ — Multiliquid, the instant settlement layer for tokenized assets, today launched Multiliquid Treasury: an institutional cash management solution enabling corporate treasuries, fintechs, and asset managers to earn short-duration Treasury yields on idle capital, with instant redemption available 24/7.

Traditional corporate cash management forces a hard compromise between yield and velocity. Operating floats held for payroll, vendor obligations, and margin requirements routinely sit idle in non-interest-bearing operational accounts because money market funds can only be redeemed on business days, before strict daily cut-offs, and close completely over weekends and bank holidays.

Multiliquid Treasury eliminates this cash drag by using tokenized assets. Depositors access a formulaic interest rate tied directly to the 3-month U.S. Treasury Bill rate, while retaining the ability to sweep back into cash or stablecoins atomically in a single transaction, at 2:00 AM on a Sunday just as easily as midday Tuesday.

Solving the Weekend Float Problem

For an enterprise holding $25 million in liquid reserves, leaving cash idle costs hundreds of thousands of dollars annually in forgone interest. At an indicative annualized rate of up to 3.5%, that capital could generate up to approximately $875,000 a year in continuous yield without impairing same-day liquidity needs.

“For decades, corporate cash has had to choose between earning a return and being available, because the systems that move money close every evening and every weekend. On-chain settlement removes that constraint. Multiliquid Treasury is what cash management looks like in the new financial system: every idle dollar earns T-Bill yield, and every dollar is back in cash the moment you need it.” — Will Beeson, Founder and CEO, Multiliquid

How it works

  • Diversified Money Market Fund Backing: Depositors lend to an SPV whose reserves are programmatically allocated across regulated, blue-chip tokenized government funds—including the WisdomTree Government Money Market Digital Fund (WTGXX) and the Janus Henderson Anemoy Treasury Fund (JTRSY), mitigating single-issuer concentration risk.
  • Instant Exits via Dedicated Buffer. A programmatic 5–10% liquidity buffer, reinforced by institutional repo lines, supports atomic instant redemptions under normal market conditions, with no notice periods or redemption windows.
  • Unified Onboarding: Replaces fragmented fund-by-fund documentation with a single KYB/KYC verification covering the entire underlying portfolio. U.S. and international accredited institutions can typically onboard within 24 hours.
  • API-first. Accessible via institutional APIs and smart contracts for automated treasury sweeps, alongside a no-code dashboard for manual execution.
  • Verifiable. Reserves and fund allocations are verifiable on-chain in real time, with core settlement contracts audited by Cantina and Zellic.

Availability

Multiliquid Treasury is live today across Ethereum Mainnet and Solana for eligible accredited and institutional investors. Onboarding at https://www.multiliquid.xyz/tsy-onboarding

Key facts

Item

Detail

Product

Multiliquid Treasury

Target Function

Continuous T-Bill yield accrual with instant, 24/7 redemption

Yield Benchmark

Formulaic rate indexed to 3-month U.S. Treasury Bill yields (indicative APY up to 3.5%)

Underlying

WisdomTree WTGXX & Janus Henderson JTRSY (AAAf / S1+), buffered by 5–10% liquid cash reserves

Settlement Mechanics

Single-block atomic settlement (Ethereum Mainnet & Solana); 24/7/365

Legal Structure

Depositors are lenders to Uniform Treasury SPV, LLC, a Delaware bankruptcy-remote SPV.

Eligibility

U.S. and international accredited & institutional investors; zero deposit minimums

Onboarding

KYC/KYB and accredited investor verification; typically under 24 hours

Security Audits

Cantina, Zellic

Access Methods

Developer API, Multiliquid Web Application, SDK, Direct via Smart Contracts

About Multiliquid

Multiliquid is the instant settlement layer for tokenized assets: a neutral, institutional-grade liquidity layer that enables instant, 24/7 atomic settlement between tokenized assets, stablecoins and tokenized deposits. Treasurers, asset issuers and capital providers use Multiliquid to move between tokenized funds and cash without redemption windows or cut-off times. Learn more at multiliquid.xyz.

Media contact: team@multiliquid.xyz

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