Oasis Approves $5 Million Commitment for Midas to Bring Treasury Bills to Sapphire
The team behind Midas is poised to unlock onchain yield for all with mTBILL on Sapphire.
- Midas is the first-ever regulated real-world asset for non-accredited investors in the Oasis ecosystem.
- Midas offers seamless access to stable, dollar-denominated yields on Sapphire.
- Midas plans a phased deployment to ensure steady growth and liquidity.
Oasis is thrilled to announce a $5 million commitment to support Midas, a leader in tokenized financial products, in the deployment of mTBILL on the Sapphire runtime. Midas will allow anyone in the Oasis ecosystem to access stable, yield-bearing U.S. Treasury Bill tokens in a permissionless and decentralized way. Called mTBILL, this project marks a pivotal moment for Oasis by providing real-world asset exposure to all users without the barriers of legacy finance.
Unlike many other tokenized assets, mTBILL on Sapphire is available to non-accredited investors. This is possible thanks to Midas receiving Liechtenstein's Financial Market Authority regulatory approval. The integration of Midas’s products will happen in phases, which will coincide with the phased deployment of the $5 million commitment. The phased approach includes the setup of minting and redemption processes, liquidity provision, and the potential for cross-chain transfers in the future.
As a team, Midas is focused on making traditional investment opportunities accessible to the global Internet economy. Veterans from Goldman Sachs, Capital Group, and Criteo are all members of the Midas team, and they’re backed by industry-leading investors like Framework Ventures and BlockTower. Bringing mTBILL to Sapphire will bolster the Oasis ecosystem’s position as a leader in the real-world assets industry and bring its global network of users access to institutional-grade investment opportunities onchain.
Learn more about mTBILL on Sapphire:
