Asset tokenization protocol Midas closed a $50M Series A led by RRE Ventures and Creandum with backing from Coinbase Ventures, Franklin Templeton, and others.
VC & Fundraising ·
Midas, an asset tokenization protocol, closed a $50M Series A funding round led by RRE Ventures and Creandum. The round included participation from Coinbase Ventures, Franklin Templeton, Framework Ventures, HV Capital, Cathay Ledger Fund, North Island Ventures, and GSR Markets LTD. The capital will support the launch of an instant liquidity layer designed to serve onchain investment products and address operational constraints facing tokenized asset investors.
The protocol operates as a staked liquidity infrastructure for institutional yield products, enabling real-world assets to be more efficiently traded and settled on-chain. The liquidity facility accompanying this round is intended to reduce friction in secondary markets for tokenized assets, a category that has grown as traditional institutions explore blockchain-based holdings and yield mechanisms.
The funding underscores institutional appetite for infrastructure addressing the emerging tokenized assets space, though details on the protocol's specific mechanics, current user base, or asset composition under management remain limited in the available reporting.