We present a multiwavelength, multichannel, time-domain near-infrared spectroscopy system named MAESTROS. This
instrument can measure absorption and scattering coefficients and can quantify the concentrations of oxy- and
deoxy-haemoglobin ([HbO2], [HHb]), and oxidation state of cytochrome-c-oxidase ([oxCCO]). This system is
composed of a supercontinuum laser source coupled with two acousto-optic tuneable filters. The light is collected by
four photomultipliers tubes, connected to a router to redirect the signal to a single time-correlated single-photon
counting card. The interface between the system and the tissue is based on optical fibres. This arrangement allows us
to resolve up to 16 wavelengths, within the range of 650–900 nm, at a sampling rate compatible with the
physiology (from 0.5 to 2 Hz). In this paper, we describe the system and assess its performance based on two
specifically designed protocols for photon migration instruments, the basic instrument protocol and nEUROPt protocols,
and on a well characterized liquid phantom based on Intralipid and water. Then, the ability to resolve [HbO2
], [HHb], and [oxCCO] is demonstrated on a homogeneous liquid phantom, based on blood for [HbO2], [HHb], and
yeast for [oxCCO]. In the future, the system could be used to monitor brain tissue physiology.