According to TechFlow, on October 8, CoinDesk reported that the physical asset platform Midas announced that it would open its tokenized U.S. Treasury bonds and yield arbitrage trading products to retail users after obtaining approval from the Liechtenstein regulator. Midas said that the company has eliminated the $100,000 minimum investment threshold and investor certification procedures for mTbill and mBasis tokens, and simplified the investment process to achieve "one-click" investment. These tokens will be accessible worldwide, excluding the United States and sanctioned countries.
Midas co-founder Dennis Dinkelmeyer revealed that the product offering has received regulatory approval from the Liechtenstein Financial Market Authority and will be promoted in Germany and other parts of Europe through the passport system. This means that Midas can enter all countries in the European Economic Area on the basis of obtaining regulatory approval from one member state. Midas' mTbill is backed by BlackRock's short-term Treasury bond ETF and has attracted nearly $5 million in deposits. In addition to the Treasury bond token, Midas has also launched the mBasis token, a yield product based on a market-neutral trading strategy that currently manages more than $4 million in assets.