What Is Midas? Regulated Real-World Asset Tokenisation Meets DeFi

The RWA sector has crossed $30 billion in TVL and Midas is at the centre of the push to bring institutional-grade assets on-chain with full regulatory compliance. Operating under a BaFin crypto custody licence with MiCA compliance across 27 EU countries, Midas tokenises assets like US Treasury bills into composable ERC-20 tokens that plug directly into DeFi. It’s the bridge between TradFi yield and DeFi composability that the market has been waiting for.

What Is Midas?

Midas is a regulatory-compliant asset tokenisation protocol that converts institutional financial products into on-chain ERC-20 tokens. Its flagship product, mTBILL, gives holders direct exposure to short-dated US Treasury securities backed by BlackRock’s Treasury Bond fund delivering the risk-free rate (~4–5% yield) as a fully composable DeFi token.

Unlike most RWA protocols that operate in regulatory grey areas, Midas holds a German BaFin crypto custody licence that enables EU passporting across all 27 member states. This means mTBILL and other Midas tokens can be offered to users across Europe with no minimum investment requirement democratising access to institutional strategies that traditionally required six-figure minimums.

How Does Midas Work?

Midas operates on a dual-layer architecture. The token layer issues standard ERC-20 tokens representing shares in underlying institutional assets each mTBILL token tracks 1:1 to a share in BlackRock’s short-dated Treasury fund. The compliance layer handles regulatory requirements including KYC/AML, real-time sanctions screening across 12,000 watchlists via Coinfirm integration, and regulated custody through licensed partners.

The process is straightforward: users deposit stablecoins or fiat, receive mTBILL tokens at NAV, earn the underlying Treasury yield, and can redeem instantly. Because mTBILL is a standard ERC-20 token, it slots directly into DeFi, users can supply mTBILL as collateral on Morpho, trade it on Pendle for fixed-rate exposure, or use it in lending markets on Aave.

Beyond Treasury bills, Midas has expanded into Liquid Yield Tokens (LYTs), tokenised DeFi strategies managed by professional risk managers including Re7 Capital, MEV Capital, and Edge Capital. These products give users access to delta-neutral yield strategies and curated DeFi positions through a single token, with institutional-grade risk management baked in.

Key Features

• EU-Regulated with BaFin Licence: Full crypto custody licence with EU passporting across 27 countries, the regulatory clarity that institutional capital requires.
• No Minimum Investment: Access institutional-grade Treasury yield and tokenised strategies without the six-figure minimums typically required by traditional funds.
• Full DeFi Composability: mTBILL and other Midas tokens are standard ERC-20s that integrate natively with Morpho, Pendle, Aave, and the broader DeFi ecosystem.
• Instant Redemptions at NAV: Redeem tokenised positions back to stablecoins or fiat at net asset value without waiting periods or exit fees.
• Liquid Yield Tokens (LYTs): Tokenised DeFi strategies managed by professional allocators like Re7 Capital, offering delta-neutral yield through a single ERC-20 token.

How to Get Started with Midas

Users can deposit stablecoins to mint mTBILL for Treasury yield exposure, or explore Liquid Yield Tokens for managed DeFi strategies. Once minted, these tokens can be held for passive yield or deployed into DeFi lending and trading protocols for additional returns. mTBILL is live on Ethereum, Algorand, and Etherlink, with further chain deployments planned.

You can compare Midas yield products against thousands of DeFi opportunities across every major protocol through Portals.fi, finding the best risk-adjusted returns whether you’re looking for RWA exposure, DeFi-native yield, or a combination of both.

Midas sits at the intersection of two of the most significant trends in crypto: the explosion of real-world asset tokenisation and the maturation of DeFi infrastructure. By combining regulated custody, institutional-grade assets, and native DeFi composability in a single protocol, Midas offers a credible path for both retail and institutional capital to access on-chain yield with the regulatory framework that serious allocators demand.

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Disclaimer: The content of this blog is for informational purposes only. It is not investment advice. Please do your own research and consult with a qualified financial advisor before making any investment decisions. DeFi investments carry significant risks, and past performance does not guarantee future results. More details here.