Midas RWA tokens mGLOBAL and mGLO have surpassed $100M combined TVL within weeks of launch, with mGLOBAL now live as collateral on Aave.
DeFi & Yields ·
Midas RWA tokens mGLOBAL and mGLO have accumulated more than $100M in combined total value locked within weeks of their launch, drawing on an institutional credit strategy managed by Fasanara Capital. mGLOBAL has reached $67M on Ethereum and is now live as collateral on Aave, while mGLO has reached $40M on Base and is active as collateral on Morpho. The two tokens operate through separate onchain access models but derive from the same underlying credit infrastructure.
The rapid accumulation of liquidity suggests demand for tokenized real-world assets offering institutional-grade credit exposure through decentralized lending platforms. Integration with major lending protocols such as Aave and Morpho expands the utility of these tokens beyond holding, allowing users to deploy them as collateral for additional borrowing activity.
It remains unclear whether the TVL growth reflects sustained demand or an initial wave of early adopters, and how performance of the underlying credit strategy will influence retention of capital in the products over longer timeframes.