Berlin-based startup Midas has raised $50 mn in Series A funding in a round led by RRE Ventures and Creandum, with backing from Framework Ventures, HV Capital, Ledger Cathay, North Island Ventures, Coinbase Ventures, Franklin Templeton, GSR, and other institutional and crypto-native investors.
The raise brings Midas’ total funding to about $58.75 mn and gives the company more firepower as it builds out infrastructure for tokenised real-world assets.
Midas was founded in 2023 by Dennis Dinkelmeyer, Fabrice Grinda, and Romain Bourgois. The three founders came in with experience across fintech, venture capital, and capital-markets infrastructure.
They are building Midas as a more specialised issuance and liquidity layer, rather than another broad RWA platform or DeFi lender. The focus stays tight: instant-redemption products, yield-backed tokens, and fund-backed tokens, not protocol-led lending or trading.
Its mTokens platform has already minted more than $1.7 bn in tokenised assets.
The company says it has paid over $37 mn in yield to investors, drawn more than 20,000 holders, and pushed total value locked above $500 mn through integrations with DeFi protocols including Morpho, Curve, and Pendle.
Institutional asset managers are also using the platform to launch tokenised funds, ETFs, and structured strategies on-chain.
In the RWA and DeFi market, Midas does not sit head-on against protocol-first lenders such as Aave and Compound. Its competitive set looks closer to RWA issuance platforms, DeFi-native issuers, and on-chain ETF providers, including businesses similar to Ondo and Tokeny-style models.
According to Beinsure analysts, the company is betting less on pure protocol activity and more on usable financial rails. That distinction matters.
Midas says its edge sits in the Midas Staked Liquidity layer, or MSL, launched alongside the funding round.
The company says the product starts with as much as $40 mn in initial liquidity and is designed to support instant redemptions without settlement delay or counterparty risk.
The next phase looks broader. Midas plans to move into reinsurance-linked strategies, asset-receivables-based products, and tokenised equities. It also plans deeper Ledger Wallet integration and wider reach across DeFi as on-chain adoption of tokenised assets keeps building.
Chief executive officer Dennis Dinkelmeyer said the company’s goal is to make investing work more like the internet: open, transparent, composable, and broadly accessible, with Midas infrastructure sitting at the centre of that system.
