Tokenization Platform Midas Expands Yield-Bearing Tokens With DeFi-Fund-Linked Offerings

Description

Midas , a protocol for issuing yield-bearing tokens backed by U.S. Treasuries and other assets, has introduced Liquid Yield Tokens (LYT) linked to actively managed, decentralized finance (DeFi) funds, starting out with Edge Capital, RE7, and MEV Capital. Late last year, Midas received regulatory approval to issue its basis trade and U.S. Treasuries tokens in Liechtenstein, allowing passporting across Germany and Europe. Tokenization builders in the crypto native and DeFi-focused arena saw the ne...