RWA Issuer Midas Expands Tokenized Products to Retail Users with Regulatory Nod in Europe
Powered by @unfolded- Midas has expanded access to its tokenized U.S. Treasury bills and yield-bearing products, removing the $100,000 minimum investment and investor accreditation requirements after receiving regulatory approval in Liechtenstein.
- The streamlined investment process allows users to invest with just "one-click," making the tokens available globally, except in the U.S. and sanctioned countries.
- Midas's mTbill is backed by BlackRock's short-term Treasury bill ETF and has attracted nearly $5 million in deposits, while the mBasis product has over $4 million in assets under management.
- The tokenized T-bill market has seen significant growth, tripling to $2.3 billion in a year, with increasing interest from major asset management firms like BlackRock.