The invention relates phase-separated compositions comprising two miscible solvents. More specifically, the invention relates to compositions comprising liquid droplets of an internal phase comprising a solvent B and further compounds, said droplets being dispersed in an external phase comprising solvent A, wherein solvent A and solvent B are miscible. Such compositions find use in various technical fields, including encapsulation, vectorisation, protection of compounds, separations, and chemical reactions in a dispersed medium.