Midas, a company focused on bringing real-world assets onto the blockchain, raised $8.75 million in a round led by Framework Ventures, BlockTower, and HV Capital. The funding will support its protocol that tokenizes assets like U.S.Treasuries, with its initial product, mTBILL, tracking short-dated T-bills. Co-founded by Fabrice Grinda and Dennis Dinkelmeyer, Midas aims to provide an alternative to stablecoins with its mTBILL token, which offers a 5% yield and enables participation in DeFi applications on platforms like MakerDAO and Uniswap, tapping into the growing demand for blockchain-based financial products.
Midas Raises $8.75M for Real-World Asset Tokenization
