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Midas
Active AUM
$406.02mKey Metrics
Onchain AUM$457.51m
Change (24h)+10.75%
Active / Onchain88.7%
DeFi Active TVL$229.62m
Change (24h)+25.61%
Utilization56.6%
Largest ProtocolMorpho Blue$187.5m
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets19
Issuers2
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Credit Pool | $166.46m | $166.46m | +39.86% | $125.52m | 75.4% | +60.17% | $1.01 | |||
| T-Bills | $53.91m | $74.17m | -2.02% | $1,448 | 0.0027% | +5.39% | $1.08 | |||
| Credit Pool | $35.81m | $66.03m | -0.47% | $32.24m | 90.03% | +0.11% | $1.13 | |||
| Credit Pool | $32.36m | $33.36m | -2.48% | $31.99m | 98.84% | +0.55% | $1.03 | |||
| Crypto Hedge Fund | $29.12m | $29.12m | +0.42% | $1.17m | 4.01% | +2.33% | $1.14 | |||
| Crypto Hedge Fund | $23.22m | $23.22m | -18.87% | $5.83m | 25.12% | -23.52% | $82,805 | |||
| Crypto Hedge Fund | $19.43m | $19.43m | -26.31% | $14.74m | 75.85% | +0.05% | $1.04 | |||
| Crypto Hedge Fund | $11.36m | $11.36m | -2.51% | $0 | 0% | $2,370 | ||||
| Crypto Hedge Fund | $9.53m | $9.53m | +20.19% | $3.42m | 35.92% | +0.15% | $1.13 | |||
| Corp Bond Fund | $9.19m | $9.19m | -32.82% | $7m | 76.1% | +0.39% | $131,679 | |||
| Crypto Hedge Fund | $7.58m | $7.58m | +0.07% | $1.13m | 14.85% | +0.04% | $1.08 | |||
| Crypto Hedge Fund | $5.23m | $5.23m | -0.72% | $4.96m | 94.76% | -2.28% | $1.22 | |||
| Crypto Hedge Fund | $1.47m | $1.47m | +0.29% | $906,041 | 61.63% | +0.05% | $1.16 | |||
| Crypto Hedge Fund | $623,513 | $623,513 | -1.66% | $353,636 | 56.72% | -1.66% | $80,035 | |||
| Crypto Hedge Fund | $565,073 | $565,073 | -7.38% | $240,063 | 42.48% | +0.16% | $1.15 | |||
| Crypto Hedge Fund | $123,110 | $123,110 | -10.64% | $123,130 | 100.02% | -10.64% | $1.06 | |||
| Crypto Hedge Fund | $30,356 | $30,356 | -2.50% | $14,152 | 46.62% | -2.49% | $2,388 | |||
| Crypto Hedge Fund | $11,631 | $11,631 | -1.65% | $426 | 3.66% | -1.84% | $83,190 | |||
| Crypto Hedge Fund | $1,349 | $1,349 | -1.75% | $47 | 3.48% | -2.08% | $82,310 | |||
About Midas
Midas is a blockchain-based platform providing infrastructure for tokenization and on-chain financial services. It enables users to access and trade diverse digital assets through decentralized protocols.
Entity
Legal entityMidas Software GmbH
HeadquartersBerlin, Germany
Founded2023
Primary chainEthereum
Entity structure
Midas Software GmbH in Berlin is both operating company and securities issuer, a single entity structure. Tokens are debt instruments backed by the referenced underlying with a security agent acting for tokenholders. Fees are defined per token in EU filed final terms.
Registry
Midas Capital Markets (Switzerland) — Liechtenstein FMA prospectus-supervised tokenization platform. Issues mTBILL (US T-Bills), mBASIS (BTC/ETH delta-neutral basis trade), and other yield-bearing on-chain tokens. Backed by Galaxy Ventures, Framework, BlockTower.
Regulation
mTokens are blockchain based certificates with ISINs issued by Midas Software GmbH under a base prospectus approved by the Liechtenstein FMA under the EU Prospectus Regulation and passported across the EEA. The approval attaches to the securities prospectus rather than an operating licence. December 2024 approval opened mTBILL and mBASIS to EEA retail investors with no minimum.
Compliance
Of 19 assets
Attested18 of 19
KYC to mint or redeem18 of 18
Allowlisted to holdunknown
Transferable19 of 19
Self custody19 of 19
Redeemable18 of 18
Attestation frequencyMonthly
Last attestationMonthly
Fees & revenue
Revenue modelManagement Fee
ConfidencePublic Filings
Fees Last Verified2026-07-09
Per MFSA filed final terms mTBILL carries a 7 bps redemption fee plus a 10 percent fee on interest earned, and mBASIS a 50 bps redemption fee plus the 10 percent interest fee. Instant redemptions add a fixed fee. Fee income is expected to cover issuer operating costs.
Milestones
- 2026-0350 million dollar Series A led by RRE and Creandum with the Midas Staked Liquidity facility
- 2025-02mEDGE and mMEV final terms filed
- 2024-12EU approval opens mTBILL and mBASIS to retail across the EEA
- 2024-07Liechtenstein FMA approves the base prospectus
- 2024-038.75 million dollar seed led by Framework, BlockTower and HV Capital