🌟Introduction to mTBILL

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

mTBILL Design

The mTBILL token tracks short-dated U.S. Treasury securities 1:1 via an ultra-liquid BlackRock Treasury Bond (iShares $ Treasury Bond 0-1yr UCITS ETF).

Holders of mTBILL accumulate value from the interest arising from U.S. Treasury debt while enjoying the full suite of DeFi platforms, services, and strategies with a permissionless ERC-20 token.

mTBILL Features

Institutional Grade

Midas’s assets are bankruptcy-protected and offer best-in-class data reporting. mTBILL provides exposure to high-quality and BlackRock-managed short-dated US Treasury Bill Funds. Benefit from a robust investment foundation that prioritizes safety and stability for your assets.

Regulatory Compliant

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

Midas mTBILL is a secured loan issued by Midas Software GmbH to investors during token issuance. The asset tracks the value of the underlying Blackrock iShares $ Treasury Bond 0-1yr UCITS ETF (IB01).

DeFi Composability

• DeFi Composability: The composability of an ERC-20 token enables the permissionless transfer of mTBILL on the secondary market. DeFi platforms offer 24/7 instant settlement and on-chain transparency through a blockchain's immutable ledger.

• Auto-Compounding: mTBILL is an accumulating token. As the NAV of the underlying fund accumulates, the value of each corresponding token increases in turn.

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

• 1:1 Tracking: Each mTBILL token represents one share of the BlackRock Treasury Bond (fund) and is fully redeemable for the net asset value (NAV) of its representative amount.

• Availability: mTBILL is available on the Ethereum network to any eligible investor.