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Deployments · Midas mTokens · platform by Midas

Midas mTBILLNew

Midas Software GmbH, a Berlin issuer, offers mTBILL as a blockchain-based certificate (a debt instrument) under a base prospectus approved by Liechtenstein's FMA and passported across the EEA, with a $1 minimum. Its redemption value follows short-dated US T-bills; collateral can be T-bills or T-bill funds and ETFs (IB01 and BUIDL are named), held with Maerki Baumann and BNY. Live on Ethereum and Base, and launched on Algorand in May 2025. Value figures are context only because part of the backing may be other tracked fund tokens in an undisclosed split.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 1 Dec 2023[4] — About $74 million on chain with some 4,300 holding addresses in October 2026 (context only, see summary). · Reviewed 21d ago

Assets
Structured note[1]
Certificate tracking short-term US T-bills, backed by T-bills or T-bill funds and ETFs
Networks
Ethereum Public, permissionless[3]
Base Public, permissionless[3]
Algorand Public, permissionless[2]
Not listed on RWA.xyz in October 2026.
Use cases
Primary issuance[3]Fund subscription and redemption[3]Secondary trading[2]
Jurisdictions
Germany, Liechtenstein

Participants

Assets

Metrics

  • $74.26mValue on chain · as of 16 Oct 2026context[3]
    Via RWA.xyz. Context only: collateral may include tracked fund tokens such as BUIDL in an undisclosed split (wrapper rule 4).
  • $73.9mValue on Ethereum · as of 16 Oct 2026 · on Ethereumcontext[3]
    Context only, as above.
  • $359,674Value on Base · as of 16 Oct 2026 · on Basecontext[3]
    Context only, as above.
  • 4,307 holdersToken holders · as of 16 Oct 2026[3]
    Holding addresses via RWA.xyz (3,954 on Base).

Timeline

  1. Happened 29 May 2025 · Scope expansion · recorded 18 Oct 2026
    mTBILL launches on Algorand, its first non-EVM chain.[2]
  2. Happened 12 Sep 2024 · Regulatory approval · recorded 18 Oct 2026
    Final terms for mTBILL (ISIN CH1371002986, up to $100m) are filed with Liechtenstein's FMA under Midas's July 2024 base prospectus; offer open to investors in several EEA countries.[1]
  3. Happened 1 Dec 2023 · Launch · recorded 18 Oct 2026
    mTBILL inception date as listed by RWA.xyz.[4]

Sources

  1. [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.A
  2. [2]Midas, a fully regulated German tokenization platform, launches the mTBILL token on Algorand — Algorand Foundation, 29 May 2025. Accessed 18 Oct 2026.B
  3. [3]Midas TBILL asset page — RWA.xyz. Accessed 18 Oct 2026.A
  4. [4]Midas TBILL asset page (profile metadata) — RWA.xyz. Accessed 18 Oct 2026.C

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