TVL exceeds 60 million US dollars, analyzing the wealth opportunities hidden behind Madis

Original | Odaily Planet Daily ( @OdailyChina )

Author | Ethan ( @ethanzhang_web3 )

According to the latest data from Defillama, the total locked value (TVL) of the Midas protocol has exceeded 60 million US dollars, setting a new record. As an innovative project combining DeFi and RWA, Midas provides users with on-chain investment opportunities for institutional-level assets through blockchain technology. The performance on the data side marks its rapid rise in the field of asset tokenization, but unfortunately, this has not attracted widespread attention.

In this article, Odaily Planet Daily will comprehensively analyze the core vision, leadership team and financing background of the Midas project, and provide ordinary users with a clear participation guide, covering task requirements, reward mechanisms and operation steps, to help readers understand the project in depth and seize interactive opportunities.

Midas: Building a fast bridge between TradFi and DeFi

Vision

Midas is an asset tokenization protocol that is committed to breaking down the barriers between TradFi and DeFi by converting real-world assets (RWA) into tradable ERC-20 tokens through blockchain technology. Its core vision is to build financial infrastructure for the Internet era and provide global investors with transparent, secure, and efficient access to institutional-grade financial products. The project uses mTBILL (a token that tracks short-term U.S. Treasury bonds) as its flagship product, combined with other tokenized assets such as mBASIS, mMEV, and mEDGE, to cover a variety of investment strategies.

Midas was launched on December 1, 2023, with the goal of lowering the high entry barriers of traditional finance through the decentralized nature of blockchain while retaining compliance and security. Its product design emphasizes transparency, regulatory compliance and clarity of investor rights, and strives to establish a trusted financial service framework in the DeFi ecosystem, especially for non-US and non-UK investors.

team

MidasRWAs team consists of experienced professionals :

• Dennis Dinkelmeyer , co-founder and CEO, has worked at Goldman Sachs and Capital Group and has extensive experience in the financial industry. His LinkedIn page is Dennis Dinkelmeyer .

• Fabrice Grinda , Co-founder and Executive Chairman, co-founded OLX and has supported over 1,000 startups through FJ Labs, LinkedIn page is Fabrice Grinda .

• Romain Bourgois , Chief Product Officer, has over a decade of experience in technology product development, having worked at Criteo and Ondo Finance.

• Jonas Konstandin , Chief of Staff, established the digital asset department at Solaris Group SE and served on Coinbase and Binance.

• Greg Feibus , Head of Sales and Partnerships, formerly of Anchorage Digital and FIS Global.

• Jonathan Chevalier , Head of Engineering, specializes in cloud-native architecture and blockchain and was previously CTO of Pegaki.

The diverse backgrounds of the team ensure strong execution of the project in terms of finance, technology and compliance.

Technology and Security

MidasRWA uses Ethereum and Base blockchains to issue ERC-20 tokens to ensure compatibility with the DeFi ecosystem. The underlying assets of mTBILL are managed by BlackRock, and custody is provided by Securitize to ensure asset security and liquidity. Prices are independently verified by Ankura Trust Company to reduce centralized dependence and enhance investor confidence. All tokens are non-custodial, and investors can self-custody through EVM-compatible wallets (such as MetaMask) to reduce third-party risks.

Ten million financing to rekindle the RWA flame

Financing

Midas performance in the capital market provides strong endorsement for its technology and vision:

• Seed round financing: In 2024, Midas completed US$8.75 million in financing, led by Framework Ventures and Blocktower Capital, and followed by several institutions focusing on blockchain and financial technology.

• Strategic investment: In 2025, Midas further obtained US$13.75 million in financing. Investors included Plume Ecosystem Fund, etc. The funds will be used for technology development and market expansion.

It has won the favor of many well-known investment institutions, including: Framework, Ventures, BlockTower, HV Capital, Cathay Ledger, Coinbase Ventures, GSR, 6th Man Ventures, FJ Labs, Lattice Capital, Phaedrus, Theia Blockchain, Pareto, Axelar Foundation, Peer VC and Anagram. The participation of these investors not only provides financial support, but also brings strategic resources and industry networks, enhancing the market trust of the project. Among them, the investor Framework Ventures is famous for investing in DeFi projects (such as Chainlink and Aave), and Blocktower Capital focuses on the integration of digital assets and TradFi. The participation of the two highlights the industry potential of Midas. These financings not only provide Midas with sufficient RD and operating funds, but also lay the foundation for it to attract top talents and partners.

Partners

Midas’ industry recognition is reflected in its cooperation with multiple DeFi protocols and traditional financial institutions:

• DeFi ecosystem integration: Midas cooperates with Pendle Finance to launch mEDGE and mMEV income pools , supporting leveraged income and fixed income strategies; cooperates with Turtle Clubhouses TAC program to provide more additional rewards.

• TradFi Integration: By partnering with Ledger-connected blockchain infrastructure providers, Midas ensures that asset custody and compliance meet institutional-grade standards.

Compliance

In addition, MidasRWA attaches great importance to regulatory compliance, especially in the European market. mTBILL is approved by EU retail investors, has no minimum investment threshold, and complies with European securities regulations. The project is issued as a special purpose vehicle (SPV) through Midas Software GmbH in Germany, and the structured design ensures compliance with anti-money laundering laws and MiFID II securities classification requirements. Relevant legal documents can be viewed at Midas Legal Documents .

User participation method: interactive tasks and reward mechanism

Midas provides a variety of user participation methods, aiming to attract more investors and Web3 community members to join its ecosystem. The following are specific ways to participate, task content and precautions:

1. Participate in Midas asset tokenization products

Task content:

• Deposit assets: Deposit stablecoins (such as USDC) into mTBILL, mBASIS, mMEV or mEDGE pools through the Midas official website to obtain the annualized rate of return (APY) of the asset pool . The specific rate of return varies depending on the pool type and market conditions (updated in real time on the official website).

• Income type: mTBILL provides fixed income (based on US Treasuries), mMEV and mEDGE provide leveraged DeFi strategy returns, and mBTC tracks Bitcoin price performance.

• Additionally, depositing mMEV, mEDGE, or mBTC to Turtle Clubhouse’s TAC program will earn you additional TAC token rewards.
  

Steps:

1. Visit the Midas official website and connect to an Ethereum wallet (such as MetaMask).

2. Select the target asset pool, enter the deposit amount and confirm the transaction.

3. Check your returns regularly and redeem your principal and returns at any time (there may be a lock-up period depending on the pool type).

Note:

• You need to hold an Ethereum wallet and pay the Gas fee.

• Some pools (such as mMEV) may have minimum deposit requirements, please refer to the official website for details.

• You need to understand the market risks before investing, as leveraged products (such as mMEV) are more volatile.

• Keep your wallet secure and avoid leaking your private keys or mnemonics.

• It is recommended to refer to the Midas official documentation for product details.

2. Participate in the Pendle Finance income pool

Task content:

• Deposit to Pendle pool: Users can deposit Midas tokenized assets (such as mEDGE, mMEV) into the Pendle Finance income pool to obtain fixed income or LP incentives from the Pendle pool. There are also additional rewards, including the native tokens of the Pendle protocol or other ecological incentives, and the specific rewards depend on the deposit size.

Steps:

1. Visit Pendle Finance official website .

2. Connect your wallet and select a Midas related pool (such as mEDGE mMEV Pools).

3. Deposit assets and select the type of return (fixed income or liquidity provision).

4. Regularly review earnings and reward distribution.

Note:

• You need to hold Midas tokenized assets (such as mEDGE).

• The event ends on July 31, 2025. Please refer to the Pendle official website for specific details.

• Users need to pay Ethereum network Gas fees.

• The leveraged income pool has a higher risk, and it is recommended to fully understand the strategy mechanism.

• Follow the official announcements from Pendle and Midas to get the latest pool status.

3. Participate in community activities and points program

Task content:

• Golden Midas Points: Users can earn Golden Midas Points by making deposits, inviting friends, or participating in community tasks (such as Twitter forwarding, Discord interaction) , and the points can be exchanged for future project airdrops or other ecological rewards. Users with high points may obtain early roles (such as TacBuild Discord roles) or priority participation rights.

Steps:

1. Open the Telegram App Mini Program Midas Yielder

2. Complete the corresponding tasks according to the prompts and get corresponding points rewards.

Note:

• You need to register a Telegram account and bind the Ton wallet.

• The points activity is a long-term plan, but some tasks have time limits, so please pay attention to official announcements.

• Some tasks require a minimum deposit requirement (e.g. 100 USDC).

• Make sure to participate in official channel activities and avoid scam links.

• The points rules may be adjusted as the project is updated, so it is recommended to check the official website regularly.

4. Participate in Etherlink Apple Farm event

Task content:

• Deposit mBASIS or mTBILL: Users can deposit mBASIS or mTBILL into Etherlink’s Apple Farm activity to participate in the stablecoin and income asset reward program. Users can obtain native rewards or stablecoin income from the Etherlink ecosystem.

Steps:

1. Visit the Etherlink events page .

2. Connect your wallet and deposit mBASIS or mTBILL.

3. Receive activity rewards regularly.

Note:

• The activity is a limited-time program, and the second round has been launched in April 2025. Please refer to the official announcement for the specific deadline.

• Requires holding of mBASIS or mTBILL tokens.

• The rules of the event are complicated, and it is recommended to read the joint announcement of Etherlink and Midas carefully.

• Ensure the network environment is safe and avoid phishing websites.