Midas Expands Access to Tokenized U.S. Treasury Bills and Yield Products for Retail Investors Following Regulatory Approval in Liechtenstein

Midas, a real-world asset platform, announced an exciting update on Tuesday. They’re now expanding access to their tokenized U.S. Treasury bills and yield-bearing carry trade products for retail users. This comes after they received regulatory approval in Liechtenstein.

What does this mean for you? Midas has removed the $100,000 minimum investment requirement. Plus, you no longer need to go through an investor accreditation process for their mTbill and mBasis tokens. Investing has become much simpler. You can now invest with just "one-click." These tokens are available globally, except for users in the U.S. and sanctioned countries.

The Financial Market Authority in Liechtenstein approved these products, and they will be passported across Germany and Europe. Co-founder Dennis Dinkelmeyer shared this information in an email interview with CoinDesk. Passporting allows financial institutions to operate in all countries within the European Economic Area after getting approval in one member state.

Tokenized versions of real-world assets, like U.S. government bonds, are gaining traction among crypto investors. They provide a way to park stablecoins and earn steady yields without leaving the blockchain. The market for tokenized T-bills has tripled in just a year, reaching $2.3 billion. Notable players, like asset management giant BlackRock, are entering the competition. Midas’s mTbill is backed by BlackRock’s short-term Treasury bill ETF and has attracted nearly $5 million in deposits.

Alongside the success of T-bill tokens, new yield-bearing products have emerged. For instance, Ethena’s USDe, a "synthetic dollar," generates yield from market-neutral trading positions, known as the "basis" trade. Earlier this year, Midas launched its own version, mBasis, and it currently manages over $4 million in assets.