Midas, a Berlin-based provider of institutional-grade onchain investment products, has raised $50M in Series A funding led by RRE Ventures and Creandum. The company offers mTokens that give DeFi users exposure to regulated strategies like asset-backed credit, treasuries, and market-neutral crypto from managers such as Fasanara, Hyperithm, and BlackRock/Superstate. The capital will scale its Open Liquidity Architecture, including Midas Staked Liquidity (MSL) for instant redemptions, and expand product offerings.
RWA Market Hits $24B TVL
The raise aligns with tokenized real-world assets (RWAs) reaching $24B TVL in early 2026, up 66% YoY from $14B. Ondo Finance launched tokenized stocks and ETFs just days prior, while Centrifuge focuses on invoice tokenization. Midas differentiates with EU-regulated, multi-asset mTokens featuring full DeFi composability via integrations like Morpho and Pendle.
Redemption Delays Plague Tokenized Yields
Traditional tokenized products suffer from vault lockups and settlement delays, creating cash drag and limiting DeFi use as collateral. Investors face weeks-long redemptions, exposing them to market volatility. Midas targets non-US investors seeking stable TradFi yields onchain amid crypto swings.
MSL Unlocks Atomic Redemptions
Midas' MSL uses pre-allocated capital to enable instant, atomic exits without unwinding positions, preserving yield and composability. Products like mF-ONE (asset-backed credit, TVL $68.6M, APY 12.08%) and mTBILL (treasuries, TVL $47.4M, APY 3.44%) integrate seamlessly across DeFi protocols. With $476M TVL and $1.7B assets minted, Midas has paid out $36M in yield to 14,648+ active investors.
As Dennis Dinkelmeyer, Founder & CEO, noted:
"We’re building toward a future where investing works like the internet: open, transparent, composable, and accessible by default."
Upcoming mRE (reinsurance) and mSL (staked liquidity) will broaden the suite.
Crypto VCs Back Institutional Bridge
RRE Ventures and Creandum, with exits like Datadog and Spotify, co-led alongside Coinbase Ventures, Framework Ventures, Franklin Templeton, and others including Anchorage Digital and GSR. This mix signals conviction in Midas bridging TradFi to DeFi via compliant tokenization. Total funding reaches $58.75M post-2024 seed.
Tokenization Scales to Trillions
The RWA market stands at $24B, projected to hit $9.43T by 2030 at 72.8% CAGR. Competitors like Maple Finance emphasize crypto credit, while Superstate partners on treasuries. EU MiCA tailwinds favor Midas' FMA-approved prospectus and proof-of-reserves via Chainlink.
Ex-Ondo, Goldman Team Drives Execution
Founder Dennis Dinkelmeyer brings Goldman Sachs and Capital Group investing expertise. Co-founder Romain Bourgois led product at Ondo Finance, while Fabrice Grinda co-founded OLX (acquired for $1B+). Ops lead Felix Stremmer scaled tokenization at Bitbond, ensuring bankruptcy-remote structures audited by Sherlock and Halborn.
Infrastructure Expansion Accelerates
Post-raise, Midas launched MSL with $40M capacity and mGLOBAL with Fasanara ($5.5B AUM). Plans include hiring in operations and engineering, Ledger integrations, and new strategies like reinsurance tokenization. With 20+ DeFi partnerships, Midas eyes deeper liquidity amid $26B RWA TVL surge.