Tokenization startup Midas's Series A round was led by RRE and Creandum to scale an “instant liquidity layer” for onchain yield products. Midas has raised a $50 million Series A round to build what it describes as an “instant liquidity layer” for tokenized assets, according to a company blog post on Monday. The round was led by RRE and Creandum, with participation from Framework Ventures, Franklin Templeton and Coinbase Ventures. The German tokenization startup says the funding will be used to scale what it calls its Open Liquidity Architecture, anchored by a Midas Staked Liquidity (MSL) facility designed to enable instant, atomic redemptions for tokenized assets without settlement risk or reliance on external market makers. The raise comes as crypto venture funding rebounds unevenly. Total crypto fundraising climbed nearly 50% year-on-year between March 2025 and March 2026, according to Messari data. The number of individual deals fell, yet venture capital concentrated larger checks into fewer projects. Read...
The first atomic swap, conducted on May 27, saw $2 million in USDC exchanged for the new mTBILL. German tokenization protocol Midas has launched a tokenized US Treasury bill on the Algorand blockchain, offering European investors exposure to yield-bearing government bonds with no investment minimum required. The mTBILL is a tokenized certificate that references short-term US Treasury exchange-traded funds (ETFs), Midas announced on May 29. The first atomic swap was executed by a third party on the Algorand blockchain on May 27. As part of the transaction, $2 million in USDC (USDC) was exchanged for mTBILLS. Read more