Midas raises $50M
Berlin’s tokenisation startup Midas closed a $50 million early‑stage round led by RRE and Creandum, with Coinbase Ventures and Franklin participating — a signal that institutional‑grade digital‑asset infrastructure still attracts large early checks. (marketscreener.com)
Midas says the new capital will back an “instant redemption” system to remove withdrawal delays from on‑chain funds and make tokenised investment products operable like traditional mutual funds. (coindesk.com) The company has launched a Midas Staked Liquidity (MSL) facility that opened with an initial capacity of $40 million to provide pre‑allocated liquidity and enable immediate redemptions without settlement or counterparty risk. (binance.com) Midas reports it has minted roughly $1.7 billion in tokenised assets since launch, holds more than $500 million in total value locked, and serves over 20,000 individual mToken holders. (binance.com) To boost transparency it publishes continuous cryptographic attestations via a Midas Attestation Engine that provides on‑chain proof of reserve, NAV and price updates for each issued mToken. (binance.com) CEO and co‑founder Dennis Dinkelmeyer, who previously worked at Goldman Sachs and Capital Group, says he and Fabrice Grinda built a Nasdaq‑listed fund that purchased $200 million of Treasury bills—experience the team cites as informing their product design. (techround.co.uk) Midas closed an earlier $8.75 million seed round in 2024 led by BlockTower alongside Framework Ventures and HV Capital, a deal in which law firm Lowenstein Sandler represented BlockTower. (lowenstein.com) The platform’s public product slate includes tokens such as mTBILL and mBASIS, and the company builds tokens intended to be held in segregated accounts with institutional custodians to meet regulatory and custody requirements. (messari.io)
