The tokenization Midas platform introduces tokens that bring yield linked to defi funds
Midas. Decentralized Finance (Defi) funds, starting with Edge Capital, Re7, and Mev Capital.
Late last year, Midas Received regulatory approval To issue a trading and US Treasury token to Liechtenstein, which allows the passport throughout Germany and Europe.
The tokenization builders in the native crypto and defi-focus arena saw the need for alternative yields of harvesting to established stablecoins such as USDT and USDT and Circle, maintaining interest generated from reserves .
Additions to the Midas Product Suite reflect the changing market conditions. For example, the company’s tokenized product to the company’s T-bill, based on a currency fund in the Blackrock market, was introduced when interest rates were around 5% and the defi markets were lower, around 2 %.
Later on adding a cash and carrying a trade token delivered produce last year more than 20%, however the market trends were upside down, Midas CEO Dennis Dinkelmeyer said. The new LYT product aims to produce as high as 20%, he said.
“We have partnered with the best in the industry like Edge Capital, Re7 Capital and MeV Capital with better names coming,” Dinkelmeyer said in an interview. “The managers of this fund are really experts when it comes to harvesting, even t-bills, the basis of trading, or other yield sources such as market and arbitration.”
The Midas Tokenization platform allows a widespread exposure to the audience in these tokens with a click issue and redeem the process, Dinkelmeyer said. “In addition, tokens can be used as collateral in Defi, starting with Euler and Morpho with more follow.”
