Midas, a protocol for the issuance of dividend -bearing tokens, supported by US Treasury and other assets, has introduced liquid dividend points (listen) that.
At the end of last year, MIDA’s legislative approval received to issue its basic trade and US Treasury Tokens in Liechtenstein, allowing passports over Germany and Europe.
Tokenization Builders in the Crypto Native and Defi-Focused Arena experienced the need for yield-bearing alternatives to established stablecoins such as Tether’s USDT and Circle’s USDC, which keeps interest generated from reserves.
Additions to the Midas product suite reflects changing market conditions. For example, the company’s tokenized T-Bill product, which is based on a Blackrock Money-Market Fund, was introduced when interest rates were about 5%and the defi-markets were much lower, of approx. 2%.
The later addition of a cash and transport -token delivered yields last year of over 20%, but market trends return, said Midas CEO Dennis Dinkelmeyer. The new listening product is aiming for yields as high as 20%, he said.
“We have collaborated with the best in the industry such as Edge Capital, Re7 Capital and MEV Capital with several good names that are coming soon,” Dinkelmeyer said in an interview. “These fund managers are really experts when it comes to giving, whether with T-bills, basic trade or other yield sources such as marketing and arbitrage.”
The Midas-tokenization platform allows a broad audience exposure to these symbols with a one-click problem and redemption process, Dinkelmeyer said. “In addition, tokensen can be used as security in defi, starting with Euler and Morpho with more to follow.”