Midas Reinvents Liquidity for Onchain Investment Products

Midas, the standard for onchain investment products, led by Dennis Dinkelmeyer, Fabrice Grinda, Romain Bourgois, and the team, has announced a $50M Series A led by RRE and Creandum, with participation from Framework Ventures, HV Capital, Ledger Cathay, North Island Ventures, Coinbase Ventures, Franklin Templeton, GSR, and others across crypto-native, institutional, and venture capital.

Alongside this, Midas is launching Midas Staked Liquidity (MSL), the core layer of its Open Liquidity Architecture, enabling instant liquidity across on-chain investment products with an initial capacity of up to $40M.

The Traction Behind This Round

The raise reflects strong product-market fit, with Midas tokens (mTokens) gaining broad adoption as a preferred investment vehicle:

• $1.7B+ in total assets minted

 • $37M+ in yield distributed to investors

 • $500M+ in current TVL

 • 20K+ individual mToken holders

 • Live integrations across leading DeFi protocols such as Morpho, Curve, and Pendle

 • Expanding participation from institutional asset managers deploying strategies through Midas

The Problem: Achieving True Utility for Tokenised Assets

Tokenised real-world assets have advanced quickly, yet a core limitation remains: a lack of true utility driven by composability. Their value is fully realized only when they function as native, interoperable primitives across DeFi and CeFi ecosystems.

Achieving this requires key structural attributes:

• Instant liquidity to remove redemption delays and settlement friction

• Transparency to ensure clear, verifiable visibility into underlying assets

Midas addresses these challenges through its Open Liquidity Architecture and Midas Attestation Engine.

Open Liquidity Architecture Powered by MSL

Midas introduces an Open Liquidity Architecture where liquidity providers compete for execution, reducing costs. At its core, Midas Staked Liquidity (MSL) enables settlement without counterparty or settlement risk, structurally lowering the cost of capital.

The vision is to transform financial instruments, such as vaults, funds, ETFs, and stocks, into tokenised assets with built-in instant liquidity.

Transparency Through Midas Attestation Engine

The Midas Attestation Engine delivers continuous on-chain proof of reserves, NAV, and pricing for each mToken. Through cryptographically verifiable attestations published on-chain, it enables independent, real-time verification of underlying assets by investors, protocols, and integrations.

Looking Ahead

With infrastructure for instant redemptions in place, Midas is expanding both product and distribution.

On the product side, the platform is broadening its offering across new strategies, including reinsurance through MembersCap, asset receivables via Fasanara, and tokenised equities, moving toward a wider range of institutional-grade assets.

On the distribution front, integrations with Ledger Wallet and deeper expansion across DeFi ecosystems aim to extend reach across protocols where liquidity and yield converge. mTokens are designed to function as native DeFi primitives, requiring presence wherever composable yield opportunities exist.

A Word from the CEO

Midas aims to make investing function like the internet, open, transparent, and composable. With the close of its Series A, the company is advancing this vision to help shape the future of on-chain investing, noted CEO and co-founder Dennis Dinkelmeyer.