Merkl

About Merkl

Merkl is the onchain distribution infrastructure used by stablecoin issuers, neobanks, fintechs, exchanges, tokenized fund managers, and DeFi protocols to send yield, dividends, and rewards to their users. Think of Merkl as a programmable paying agent for tokenized finance: companies define their distribution parameters (asset to distribute, eligibility criteria, schedule, APR model), and Merkl handles the rest, routing assets to eligible holders wherever they sit onchain. The more complex the distribution, the more Merkl matters: logic that would mean a custom build becomes a set of parameters. Clients include PayPal, Circle, Coinbase, SG-Forge, Kraken, and Morpho. What sets Merkl apart: • Programmable distribution logic: variable, fixed, capped, or target APR • Granular eligibility: wallet balance, holding duration, OFAC checks, KYC, and more • Forwarders that trace beneficial ownership through nested smart contracts, so distributions always reach the actual end user, not the intermediary contract holding the position • An API that exposes live yield and claim data, so distributions can be embedded directly inside your product Whether you're distributing stablecoin yield, paying dividends on tokenized assets, powering an Earn section in a wallet, or running a targeted airdrop, Merkl is built for it.