Quick take:
- Midas effectively removed the $100,000 minimum investment requirement and investor accreditation process for its mTbill and mBasis tokens.
- The tokens will be accessible to users outside of the U.S. and sanctioned countries.
- The regulatory approval in Liechtenstein allows Midas to expand its offering to the rest of the EU economic block.
Midas has received regulatory approval from the Liechtenstein Financial Market Authority to offer its tokenised assets to retail investors. The approval allows Midas to its tokenised U.S. Treasury bills and yield-bearing trade products to retail investors in Liechtenstein.
Midas has effectively removed the $100,000 minimum investment requirement and investor accreditation process for its mTbill and mBasis tokens, allowing regular investors to buy and sell the tokens regardless of their capital.
The tokens will not be offered to U.S. residents and sanctioned territories, but with Liechtenstein being an EU member, it presents an opportunity for Midas to passport the offerings to the rest of the European Union members.
“We will be the only RWA issuer with a regulatory compliant offering that has no minimum thresholds and investor accreditation process and full DeFi composability of a permissionless token,” Dinkelmeyer told CoinDesk.
The announcement comes just as tokenised real-world assets continue to dominate headlines as more companies continue to launch tokenised assets. Tokenised real-world assets tracking and analytics platform RWA.xyz, estimates that the total RWA on-chain stood at $12.77 billion as of this writing, with U.S. treasuries accounting for $2.3 billion.
Last week, Kin Capital launched a $100M tokenised debt fund on Chintai Network while global asset manager, Franklin Templeton expanded its tokenised money market fund to the Aptos blockchain.
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