The magnetic moments in Ni/Pt multilayers are thoroughly studied by combini
ng experimental and ab initio theoretical techniques. SQUID magnetometry pr
obes the samples' magnetizations. X-ray magnetic circular dichroism separat
es the contribution of Ni and Pt and provides a layer-resolved magnetic mom
ent profile for the whole system. The results are compared to band-structur
e calculations. Induced Pt magnetic moments localized mostly at the interfa
ce are revealed. No magnetically "dead" Ni layers are found. The magnetizat
ion per Ni volume is slightly enhanced compared to bulk NiPt alloys.