Underlier Labs

Underlier Labs is a market intelligence and infrastructure platform for the tokenized economy. It helps users assess the different onchain versions of an underlying asset, such as a company’s shares, by comparing backing, liquidity, price tracking, issuer quality, redemption options, and DeFi utility. Its standardized Underlier Score brings these factors together in a single measure intended to make tokenized assets easier to evaluate.

The platform offers tools to explore tokenized markets, compare assets across issuers and blockchains, and review portfolio holdings. Its execution engine is designed to route orders across multiple representations and venues, aiming to reduce slippage and improve capital efficiency. Users can also access opportunities, a trading terminal, and the company’s scoring methodology.

Underlier Labs describes its role as helping users understand which representation of an asset may be relevant and how it can be accessed onchain. The company cautions that its information is not investment advice or an endorsement, and notes risks including smart contract vulnerabilities, regulatory uncertainty, and liquidity constraints.