Assets · Structured note · issued by Midas
Midas mTBILL (mTBILL)New
Blockchain-based certificate (a debt instrument under Midas's FMA-approved base prospectus) whose redemption value follows short-dated US T-bills. Collateral may be T-bills held directly or T-bill funds and ETFs, so part of the backing can be other tokenised funds (BUIDL is named as one reference holding). No minimum beyond $1.
Issued through Midas mTBILL Live (limited)
Classification · high confidence
- Legal form
- Structured note from issuance terms
- Underlying
- Government debt · Government debt, Government debt
- Value behaviour
- NAV · pays income
- Ledger role
- Native
- Legal labels
- Blockchain-based certificate (debt instrument) under an FMA-approved base prospectus (Liechtenstein)[1]
Collateral: T-bills, T-bill funds and ETFs (IB01, BUIDL named), split undisclosed; all government debt on look-through. ISIN CH1371002986 not in FIRDS or OpenFIGI.
Sourced[1]. How assets are classified: methodology.
Contracts
No contract addresses recorded yet.
Sources
- [1]Final Terms dated 7 October 2024: Offer of mTBILL Tokens (ISIN CH1371002986) — Midas Software GmbH (filed via MFSA), 7 Oct 2024. Accessed 18 Oct 2026. Security type debt instrument; issue size USD 100m; eligible collateral includes T-bills, T-bill funds or ETFs, Treasury notes and Treasury repo; custodians Maerki Baumann and BNY..A
- [2]Midas, a fully regulated German tokenization platform, launches the mTBILL token on Algorand — Algorand Foundation, 29 May 2025. Accessed 18 Oct 2026. Says redemption value is based on a reference basket of ETFs such as BlackRock's IB01 and BUIDL..B