Midas secures $50M Series A as mTokens surpass $1.7B in assets minted
Midas raised $50M in Series A funding as its mToken platform exceeded $1.7B in minted assets, offering transparent on-chain investment products.Summary
Midas, a platform bringing institutional-grade investment strategies on-chain, has secured $50 million in Series A funding led by RRE Ventures and Creandum, with participation from several other venture firms. This funding follows significant growth for mTokens, digital investment instruments representing professionally managed portfolios, which have surpassed $1.7 billion in assets minted and distributed over $37 million in yields. mTokens offer investors liquidity, transparency, and DeFi compatibility, acting as alternatives to traditional funds. Midas is also launching Midas Staked Liquidity (MSL), a system providing instant liquidity and eliminating counterparty risk, initially deploying $40 million in capacity. The platform’s Midas Attestation Engine provides on-chain Proof of Reserve, NAV, and price updates, ensuring transparency. Midas plans to expand its offerings to include stocks, reinsurance, and asset receivables, and strengthen partnerships within the industry.
(Source：Crypto Briefing)