🌍Midas Overview

Midas is an asset tokenization protocol bringing regulatory-compliant exposure to institutional-grade assets onchain, unlocking DeFi composability for real-world assets (RWA).

Introduction to Midas

Midas has two flagship products: 

• mTBILL, a permissionless yield-bearing token tracking short-dated US Treasury Bills. 

• mBASIS, a permissionless yield-bearing token tracking a delta-neutral basis trading strategy. 

Behind Midas 

Tokenizing securities in a compliant manner is complex, requiring deep legal expertise and iterative development. Midas started this journey in 2022, releasing its first security token in 2024, established under a premier regulatory framework designed to minimize user friction.

Midas stands at the forefront of innovation: we're not just participating in the market; we're aiming to redefine it. Each of our tokens represents a bold step forward, merging the reliability of traditional financial instruments with the efficiency and accessibility of DeFi. 

Midas Pillars 

Institutional Grade 

Top-tier asset managers manage our tokens. These managers are carefully chosen for their proven track record, high quality, and unwavering commitment to investors' best interests. This ensures that your investments are managed both carefully and effectively.

All smart contracts associated with our tokens undergo rigorous audits by independent experts to ensure maximum security. This verification process is critical for safeguarding your assets, minimizing risks, and building a foundation of trust. We are committed to maintaining the highest security standards, giving you peace of mind in your investment decisions. 

Transparency is a fundamental aspect of our operations. We consistently update and provide detailed analytics for mBASIS and mTBILL on the Midas website. All data is verified by independent parties, ensuring its reliability and accuracy. Additionally, our tokens feature flexible buying and redeeming options that are available at any time. We have streamlined the process to be quick and straightforward, allowing you to manage your investments efficiently and effectively.

DeFi Composability 

Midas tokens are deployed under token standards built for composability, such as ERC-20 on Ethereum Virtual Machine (EVM) platforms. They are non-custodial, giving you full control over your tokens directly from your wallet. Furthermore, our tokens are permissionless, meaning that once minted, they can be seamlessly transferred or used in various DeFi applications. 

Midas tokens are auto-compounding, which means that accrued interest is reflected directly in the token value on each business day, enhancing your potential returns. By allowing the tokens to be used as collateral while continuing to accumulate yield, we simplify the investment process and maximize efficiency. 

Midas tokens benefit from oracles to enhance their composability. Our oracles can either: 

• Track financial products from traditional finance one-to-one, like the iB01 ETF from BlackRock. 

• Have their own NAV, verified by an independent party.

Regulatory Compliance 

Our tokens, mBASIS and mTBILL, are fully compliant with European securities regulations, ensuring that all holders possess legal rights to the assets. These tokens are structured under German law and issued as debt securities.

The transfer of these tokens via blockchain is legally enforceable, in line with German regulatory guidelines that support the issuance of bearer-debt instruments. This framework allows for peer-to-peer transactions on the secondary market without the need for Midas' involvement. 

Token holders can redeem tokens like mTBILL for the NAV of the underlying assets if they meet KYC requirements. Additionally, Midas adheres to Anti-Money Laundering laws. 

It’s also important to note that foreign token-holders are not subject to taxation in Germany, and therefore, Midas does not withhold taxes from payments to these token-holders. 

🪙mTBILL⚖️mBASIS