Midas has announced the launch of tokenized U.S. Treasury bills, known as mTBILL, on the Algorand blockchain. This product allows retail investors to access government bonds without minimum investment requirements.
What is mTBILL?
The mTBILL tokenized bonds represent certificates that reference short-term U.S. Treasury bonds and are traded via exchange-traded funds. They were successfully launched on Algorand on May 29, 2025, as announced by the German-origin company Midas.
Benefits for Retail Investors
According to Midas, the mTBILL tokenized bonds are designed to make yield-bearing assets more accessible to retail investors. Unlike similar products like BlackRock’s Digital Liquidity Fund, which requires a minimum investment of $5 million, mTBILL has no minimum investments and currently offers a yield of 4.06% as of May 29. "mTBILL investors will benefit from Algorand’s world-class infrastructure," noted representatives from the Algorand Foundation.
Growth of the Tokenized Asset Market
The launch of mTBILL comes amid a growing interest in tokenized assets, now exceeding $50 billion. Germany currently leads in tokenized bond issuance supported by clearer regulatory frameworks. Companies like Fidelity and UBS are expected to continue advancing their offerings in this space.
Thus, the launch of mTBILL tokenized U.S. Treasury bills on the Algorand blockchain may significantly simplify retail investors' access to government bonds while fostering the growth of the tokenized asset market.
