Ledger Integrates Midas Products: mTBILL & mHYPER are Now Live on Ledger Wallet™
Midas onchain investment products, starting with mTBILL and mHYPER are now accessible directly inside the Discover section of Ledger Wallet, bringing institutional-grade strategies to the most trusted hardware wallet in crypto.
Starting with Two Products, mTBILL and mHYPER
The integration into Ledger Wallet™ Discover features a direct connection to the Midas dApp, offering offering access to two tokenized investment strategies:
- mTBILL: A strategy that is structured to track the performance of short-term U.S. Treasury Bills. The strategy is managed and monitored by BlackRock and SuperState, with ongoing oversight of risk parameters and performance.
- mHYPER: A strategy structured to track the performance of a set of market-neutral stablecoin strategies deployed across leading on-chain markets and ecosystems. The strategy is managed and monitored by Hyperithm, with ongoing oversight of risk parameters and performance.
Why Ledger and Ledger Wallet™?
Midas products are designed to be held onchain, which means self-custody matters. Ledger Wallet provides a secure, hardware-backed environment where your private keys don't leave your device. With this integration, you can access, manage, and redeem mTBILL and mHYPER directly inside the Discover section, on both desktop and mobile, without ever giving up control of your assets.
How It Works
Accessing these new yield opportunities is straightforward and takes only a few steps via Ledger Wallet™:
- Open Ledger Wallet™ on your desktop or mobile device.
- Navigate to the Discover section (link).
- Search for and select the Midas dApp.
- Connect your Ledger signer when prompted.
- Choose your strategy (mTBILL or mHYPER) and follow the on-screen instructions.
Once your action is confirmed, Midas manages the underlying operational lifecycle of your investment:
- You receive mTBILL or mHYPER in your Ledger Wallet. These tokens represent your claim on the underlying assets.
- The redeemable value of your tokens increases over time as yield is generated.
- You can redeem your tokens directly within Ledger Wallet via the Midas dApp.
Indicative APYs are shown with clear disclosures, and all positions are visible under your Ethereum account tab.
Note: Midas products are available to eligible users worldwide, excluding US and UK persons and entities, and those from sanctioned jurisdictions.
Transparency, Liquidity and Composability
To date, Midas has powered over $1.7B in asset issuance and paid out $37M in yield. That track record is built on three core principles designed to give investors confidence at every layer.
Liquidity: Redemptions are handled through Midas' Open Liquidity Architecture, powered by MSL (Midas Staked Liquidity), delivering atomic redemptions with no cash drag, no settlement risk, and no third-party dependency.
Transparency: The Midas Attestation Engine provides continuous, verifiable onchain reporting for every mToken, covering holdings, NAV, and performance, all published regularly onchain.
Composability: And because mTokens are natively compatible with DeFi protocols, they can be used as collateral on lending markets, in liquidity pools, and across onchain strategies.
Getting Started
Open Ledger Wallet, head to Discover, and search for Midas. You can also explore each product in detail on the mTBILL and mHYPER product pages.
About Midas
Midas is a platform for composable onchain investment products. It enables asset managers to turn institutional strategies into regulatory-compliant tokens that offer investors full transparency, instant redemptions, and native composability across DeFi.
Founded in 2024 by Dennis Dinkelmeyer (formerly Goldman Sachs), Fabrice Grinda (FJ Labs), and Romain Bourgois (formerly Ondo Finance), Midas is backed by leading investors including RRE, Creandum, Framework Ventures, HV Capital, Ledger Cathay and Coinbase Ventures. To date, Midas has powered over $1.7B in asset issuance and paid out $37M in yield.
About Ledger
Founded in 2014, Ledger is the global leader in digital asset security for individuals and institutions. Ledger Wallet™, the all-in-one crypto app, offers a complete, secure platform where users can securely buy, sell, swap, spend, and earn rewards with their crypto, secured by the iconic Ledger signers. With more than 8 million signers sold in 165+ countries and 10+ languages, Ledger is the trusted solution for individuals to exercise digital ownership, portfolio management, and control.