December 4, 2024
The Oasis Foundation has announced a $5 million grant to facilitate the integration of Midas’ tokenized U.S. Treasury Bill fund, mTBILL, on the Sapphire chain. Midas, a recognized leader in tokenized financial solutions, aims to provide stable and yield-bearing Treasury Bill tokens to the Oasis ecosystem in a permissionless and decentralized framework.
This initiative allows access to real-world asset exposure for a global network of users, bypassing traditional financial barriers. mTBILL, regulated under Liechtenstein's Financial Market Authority, is unique for its availability to non-accredited investors, addressing inclusivity in tokenized assets. The rollout of Midas's integration will occur in phases, aligning with the incremental disbursement of the grant. These phases will include the establishment of minting and redemption mechanisms, liquidity provision, and future plans for cross-chain asset transfers.
Midas’ team brings expertise from top financial institutions, including Goldman Sachs and Capital Group, alongside backing from investors like Framework Ventures and BlockTower. Their partnership with Oasis positions the Sapphire runtime as a platform for onchain institutional-grade investments and real-world asset exposure, reinforcing its leadership in blockchain innovation.
About Midas
Midas is a financial technology company focused on making traditional investment opportunities accessible through blockchain technology. By offering compliant and tokenized financial products, the company enables global access to stable, yield-generating assets. Midas’ team is composed of industry veterans and is backed by leading venture firms, including Framework Ventures and BlockTower.
Website: https://midas.app/
X: @midasRWA
About Investor
Oasis Foundation
The Oasis Foundation is dedicated to promoting the adoption of the Oasis Network, a privacy-enabled blockchain platform. Its mission is to support projects and partnerships that enhance user privacy and expand decentralized applications. By fostering an ecosystem that integrates real-world assets with blockchain, Oasis aims to bridge traditional finance and decentralized technology.
Location: New York, USA
Website: https://oasisprotocol.org/
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