Asset tokenization platform Midas has announced its collaboration with Etherlink aimed at developing secure and efficient structures for investors.
Objectives of the new collaboration
According to a press release, Midas is actively working with Etherlink to create infrastructure that opens access to financial systems. The focus is on compliance and the creation of tokenized products that can provide broader access to investment strategies.
Etherlink platform and its capabilities
Etherlink is a non-custodial L2 blockchain, Ethereum Virtual Machine (EVM) compatible, built on Tezos Smart Rollups. The platform offers developers favorable conditions in terms of transaction costs and confirmation times, making it attractive for integrating various financial strategies.
Current achievements and opportunities of Midas
Midas has already launched several products, including mBASIS for tracking crypto funding rates and mTBILL for short-term US Treasuries. Recently, two new products were announced: mMEV and mRe7YIELD, which are offered under yield strategies from MEV Capital and Re7 Capital respectively.
As of now, the reported Total Value Locked (TVL) stands at around $350 million, while data from DefiLlama indicates a figure of $190 million.
The collaboration between Midas and Etherlink showcases progress in asset tokenization and the DeFi sector, opening new opportunities for investors and developers.
