As a researcher with a keen interest in blockchain technology and its potential applications in traditional finance, I find the recent developments at Midas particularly intriguing. Having closely followed the growth of tokenized real-world assets, it’s fascinating to see a platform like Midas making these investments more accessible to retail users.
Midas, a real-world asset platform, revealed on Tuesday that it has broadened the availability of its tokenized U.S. Treasury bills and yield-generating carry trade goods to individual investors, following approval from regulators in Liechtenstein.
In simpler terms, Midas eliminated the $100,000 minimum investment and the accredited investor process for its mTbill and mBasis tokens, making it easy to invest with just a single click. These tokens can be accessed worldwide, except in the U.S. and countries under sanctions, according to the company’s statement.
According to a recent email interview with CoinDesk, co-founder Dennis Dinkelmeyer announced that the products have gained regulatory approval from Liechtenstein’s Financial Market Authority. These products will be eligible for passporting, which means they can be used in Germany and across Europe. In essence, passporting enables financial institutions to offer their services in all countries within the European Economic Area once they obtain regulatory approval in any one of its member states.
Dinkelmeyer informed CoinDesk that we will stand alone as the RWA issuer providing a regulatory-compliant offering without any minimum investment requirements, accreditation processes for investors, and complete compatibility with decentralized finance (DeFi) through a permissionless token.
Tokenized versions of real-world assets such as U.S. government bonds are increasingly in vogue among crypto investors to park their stablecoins and earn steady yield without leaving blockchains rails. The tokenized T-bill market tripled in a year to $2.3 billion with new entrants like asset management giant BlackRock entering the competition, rwa.xyz data shows. Midas’s mTbill is backed by BlackRock’s short-term Treasury bill exchange-traded fund (ETF), and gathered nearly $5 million of deposits.
With the thriving market for T-bill tokens, a variety of income-producing tokenized financial products have been introduced. One such product is Ethena’s USDe “synthetic dollar,” which earns returns from trading positions that don’t depend on market movements, often referred to as the “basis” trade. This year, Midas followed suit with its own mBasis, and currently manages over $4 million in assets.
Read More
- W PREDICTION. W cryptocurrency
- PENDLE PREDICTION. PENDLE cryptocurrency
- AEVO PREDICTION. AEVO cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- REF PREDICTION. REF cryptocurrency
- USD NZD PREDICTION
- TFUEL PREDICTION. TFUEL cryptocurrency
- ETC PREDICTION. ETC cryptocurrency
- CEL PREDICTION. CEL cryptocurrency
- VR PREDICTION. VR cryptocurrency
2024-10-08 16:52