Overview
- Midas, which closed a $50 million Series A on Monday led by RRE Ventures and Creandum with Franklin Templeton and Coinbase Ventures participating, launched a pre-funded Midas Staked Liquidity facility for instant redemptions.
- The facility starts with $40 million in capacity and uses pre-allocated capital to meet withdrawals, which the company says removes counterparty and settlement risk.
- Midas also deployed an Attestation Engine that posts continuous on-chain proofs of reserves, net asset value, and prices for each mToken to let anyone verify the backing.
- Since its 2024 launch, the platform reports over $1.7 billion minted, more than $37 million paid in yield, and total value locked above $500 million across more than 20,000 holders.
- The new funding will scale the Open Liquidity Architecture and support expansion into tokenized stocks, reinsurance, and receivables while deepening integrations with wallets and DeFi protocols such as Ledger, Morpho, Curve, and Pendle.