Midas raises $50 million in Series A funding…cumulative issued assets reach $1.7 billion

Source
YM Lee

Summary

  • Onchain investment platform Midas said it raised $50 million in Series A funding.
  • Midas said it is issuing 18 tokenized securities, including mHYPER, mEDGE, and mMEV, and that cumulative issued assets have surpassed $1.7 billion.
  • The platform said it provides BlackRock and Apollo Global Management strategies onchain and carries out DeFi protocol integrations and periodic transparency reports.

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Photo=Midas X
Photo=Midas X

Onchain investment platform Midas (Midas Software GmbH) has secured a major fundraising round.

Midas said on the 2nd that it raised $50 million in a Series A round. The round was co-led by RRE Ventures and Creandum.

Global institutions participated in the round, including Franklin Templeton, Coinbase Ventures, Framework Ventures, Anchorage Digital, HV Capital, Ledger Cathay, and GSR Ventures. Among domestic investors, Hyperithm previously participated as an early investor in Midas.

Midas currently issues 18 tokenized securities, including mHYPER, mEDGE, and mMEV, with cumulative issued assets surpassing $1.7 billion.

The platform is structured to offer, in the form of onchain investment products, strategies used not only by digital-asset managers but also by traditional asset managers such as BlackRock and Apollo Global Management.

Midas holds custody and management authority for its issued assets directly and discloses asset status through periodic transparency reports. It is also integrated with major decentralized finance (DeFi) protocols such as Morpho, Curve, and Pendle.

The number of individual token holders currently stands at more than 20,000.

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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