The funding will support the introduction of an instant redemption system for onchain funds, a key hurdle for broader institutional adoption.
Midas raises $50 million to tackle pain point for tokenized asset investors
The funding will support the introduction of an instant redemption system for onchain funds, a key hurdle for broader institutional adoption.
Shares:
The action comes just a couple of weeks after fellow ETH treasury firm ETHZilla sold $40 million of tokens to fund its own share buybacks.
Spot ether exchange-traded fund (ETF) issuers have submitted their final documents needed in order to launch the funds next week.
The firm’s new mMEV and mRe7YIELD products deliver institutional-grade, market-neutral DeFi exposure.
The sale follows shortly after the Avalanche9000 upgrade went live in a testnet environment.