🌟Introduction to mTBILL

Midas US Treasury Bill Token (mTBILL) is a permissionless yield-bearing token tracking the performance of short-dated US Treasury Bills.

mTBILL is Midas’ flagship product, offering onchain exposure to short-duration U.S. Treasury Bills (T-Bills), one of the safest and most liquid assets available. With mTBILL, investors gain access to stable, dollar-denominated yields, combining the reliability of traditional finance with the flexibility and composability of DeFi.

mTBILL Design

• The mTBILL token tracks the performance of short-dated US Treasury Bills, making it an ideal alternative for any stablecoin use case. Holders of mTBILL accumulate value from the interest generated by US Treasury debt.

• mTBILL is a permissionless ERC-20 token on Ethereum and Base, enabling investors to access the full range of DeFi platforms, services, and strategies.

mTBILL Features

Institutional Grade

• Investment-grade assets: The portfolio for mTBILL is exclusively composed of short-duration US Treasury Bills with a maturity below 3 months, ensuring the asset maintains the highest credit quality and liquidity.

• Bankruptcy Remoteness: Midas’s assets are bankruptcy-protected. For more information, see Bankruptcy Remoteness.

• Independent Reporting: Daily attestations is made available to investors on www.midas.app. The data reporting is conducted by an independent third party verification agent. Daily attestation reports are available under www.midas.app/mtbill. More under Independent Reporting.

DeFi Composability

• Permissionless Token: mTBILL is a permissionless ERC-20 token, which is compatible with DeFi use-cases such as borrowing and lending.

• Instant Minting and Redemption: Investors can acquire or redeem mTBILL tokens atomically, enabling efficient management of leveraged positions in DeFi.

• No Minimums: Investors can acquire mTBILL with any amount, as there is no minimum investment thresholders under the terms of the Prospectus.

• Auto-Compounding: Interest is distributed through price appreciation, allowing investors to utilize mTBILL in DeFi without forfeiting earned interest.

• Independent Oracle: The price of mTBILL is independently verified by Ankura Trust Company, a trust with fiduciary duties. Ankura also manages the on-chain propagation of the price, reducing centralization and enhancing confidence for both investors and DeFi protocols by minimizing reliance on Midas alone.

• Non-Custodial: mTBILL tokens are held in self-custody by investors.

Regulatory Compliant

• Midas has received approval for its prospectus, allowing mTBILL to be issued to retail investors within the European Uninion without high minimum investment thresholds. Unlike many tokenized products, mTBILL has no minimum investment requirement, making it accessible to a wide range of investors.

• The mTBILL token fully complies with European securities regulations and is issued as a secured loan under German law by Midas Software GmbH, a special purpose vehicle (SPV) to ensure adherence to European Securities Regulation and Anti-Money Laundering laws.

• Midas Software GmbH operates under the jurisdiction of BaFin (Federal Financial Supervisory Authority) and has a Base Prospectus approved by the FMA in Liechtenstein.