The Berlin-based RWA tokenisation platform, which has powered $1.7B+ in asset issuance and won EU regulatory approval to serve retail investors, is using the round to launch Midas Staked Liquidity, a dedicated liquidity layer designed to make instant redemptions the default for on-chain investment products.
Midas, the Berlin-based platform that tokenises institutional investment strategies into regulatory-compliant on-chain products, has raised $50 million in a Series A round led by RRE Ventures and Creandum. The round brings total funding to $58.75 million.
Participating investors include Framework Ventures, HV Capital, Ledger Cathay, Franklin Templeton, Coinbase Ventures, M1 Capital, Anchorage Digital, FJ Labs, North Island Ventures, and GSR. Franklin Templeton’s participation is notable: the asset manager runs its own tokenised government money fund (BENJI) and is one of the more credible institutional signals of where the RWA sector is heading.
The core problem Midas is building against is one that has slowed institutional adoption of tokenised assets across the industry: settlement delays. Most existing tokenised products, even structurally sound ones, rely on traditional redemption processes that can take hours or days.
For institutional capital managers, that lag creates friction that makes on-chain alternatives uncompetitive with traditional infrastructure. Midas is launching Midas Staked Liquidity (MSL) to solve this: a dedicated staked liquidity mechanism that enables instant redemptions without reducing the underlying yield or disrupting composability across DeFi protocols.
Midas’s model treats tokenised investment products as genuine securities rather than stablecoin proxies. The platform converts institutional strategies, including US Treasury bills, market-neutral crypto basis trades, and private credit vehicles, into ERC-20 tokens (mTokens) with clearly defined investor rights, auditable on-chain performance, and floating NAV rather than a fixed $1 peg.
That structural distinction matters: yield-bearing stablecoins have faced regulatory uncertainty and de-peg risks precisely because they wrap investment strategies in a stablecoin shell.
Midas’s approach issues tokens as what they actually are, investment instruments, and has received EU regulatory approval to offer them without a minimum investment threshold, making it one of the few regulated RWA platforms open to retail investors across Europe.
The product suite spans mTBILL (short-dated US Treasury bills, managed by BlackRock), mBASIS (market-neutral crypto basis trade), mHYPER (stablecoin strategies via Hyperithm), and a range of Liquid Yield Tokens (LYTs) curated by risk managers including Edge Capital, RE7 Capital, and MEV Capital.
Products are live across Morpho and Pendle, with Ledger Wallet now offering direct access to mTBILL and mHYPER in its Discover section.
The platform has powered over $1.7 billion in asset issuance and paid out $37 million in yield to date. The Series A capital will fund continued MSL development, expansion into new institutional asset classes, and deeper DeFi ecosystem integrations.
