Midas is launching the first suite of internet-native investment products

When Fabrice and I founded Midas, our mission was simple: to make investing and saving as open and accessible as the internet.

The transparency and openness of public blockchain networks have brought us closer to that vision. Many pioneers in the decentralized finance space have laid the groundwork for Midas to introduce innovative solutions that make these investment products more accessible and affordable to a broad audience. Yet, in some cases, they’re just as clunky — or even clunkier — or inaccessible as traditional financial products.

Before diving into how we’re doing things differently, let me share my journey.

In my previous roles at Goldman Sachs and multi-trillion-dollar asset management firm Capital Group, I managed assets for the world’s largest institutions. I witnessed firsthand how the best investment products were kept out of reach for the general public, while middlemen in suits collected layers of fees for often opaque services. This practice, known as rent-seeking, stems from Nobel Prize-winning economist James Buchanan’s work.

My interest in blockchain grew as the technology promised radical transparency and the elimination of financial middlemen, enabling direct interactions between issuers and investors.

However, the access problem remains unsolved. While most "degens" can connect their wallets to a DEX to trade the latest memecoins, many of the exciting products emerging in the rapidly expanding real-world asset (RWA) space remain out of reach for retail investors. Most have minimum investment thresholds of $100k and are available only to accredited investors — the same barriers we see in traditional finance. Not to mention the often opaque regulatory environment.

That changes today.

We’re thrilled to announce the public launch of Midas’s suite of financial products, designed to break down these barriers and make top-tier investment opportunities widely available. Following regulatory approval, our products will be accessible to retail investors outside the U.S., eliminating minimum investment thresholds and introducing a completely revamped onboarding process. We’re setting a new standard, allowing users to invest with just one click — making investing truly internet-native.

We’re starting with two standout investment products for savers holding dollar-denominated stablecoins:

• mBASIS: This product offers investors exposure to a tokenized basis trading strategy, commonly known as "cash and carry" in crypto markets. Year-to-date, this strategy has delivered a 25% return with an impressive Sharpe ratio of 2.52, providing market-neutral, high-risk-adjusted returns by capitalizing on contango in crypto markets. Learn more.
• mTBILL: This product offers stable and low-risk returns from U.S. T-Bills, currently yielding around 5%. Learn more.

Internet-Native Investing

• Invest with 1-Click: Midas’s simplified onboarding process allows users to start saving and investing with just one click.
• Accessible to All Users*: Following regulatory approval, Midas is authorized to offer tokenized securities to retail investors. Say goodbye to $100k minimums and accreditation requirements that restrict access to most other RWA products.
• Fully Composable with DeFi: Midas’s tokens are designed for DeFi, open and permissionless, enabling composability with major DeFi applications. Users can already yield farm on Morpho, with more integrations coming soon.

In an industry affected by bankruptcies and scams, asset safety is paramount. We’re setting the standard with:

• Bankruptcy-Remote Structure: All assets are securely held in a bankruptcy-remote Special Purpose Vehicle (SPV), ensuring token holders’ investments are protected even in the event of insolvency. A regulated security agent oversees this structure for maximum safety.
• Regulatory Compliance: Midas’s token offerings are approved by European regulators, making the products accessible to both retail users and institutions.
• Independent Data Reporting: Performance data is reported independently by a regulated administrator, ensuring transparency on assets and performance.

We’re excited to announce that leading firms like Flowdesk, GSR, and Wintermute have committed to supporting our product as liquidity partners, while Hex Trust and Rakkar provide top-tier custody solutions. Copper (Clearloop) offers an industry-leading Off-Exchange Settlement (OES) solution, mitigating exchange risk and reducing operational complexity, and Chronicle provides an Oracle solution for Midas-issued tokens on layer-2s (L2s). Top DeFi platforms like CoW Swap and Morpho already support these assets, with more integrations on the horizon.

For a limited time, the first 100 investors to buy mTBILL or mBasis can earn 50% APY on their first $1000 invested, paid in USDC! This promotion applies for a 4-week holding period starting from October 8th 2024.

If your DApp is looking to integrate institutional-grade, yield-generating products, we invite you to partner with Midas. All of our products are available via API, delivered on EVM-compatible smart contracts. Together, we can bring unparalleled investment opportunities to the broader blockchain ecosystem.

Disclaimers: Midas-issued tokens are *not available to US persons and entities, or those from sanctioned jurisdictions. Past performance is no indicator of future returns.