Midas Unveils New Blockchain-Backed Private Credit Product

Midas, a protocol known for offering yield-bearing tokens secured by U.S. Treasuries and other assets, has announced the launch of its latest blockchain-oriented private credit solution. This initiative, as reported, is done in partnership with prominent institutional asset manager Fasanara, along with digital asset firms Morpho and Steakhouse.

Key Highlights:

• Product Overview: Midas’ mF-ONE is designed to replicate Fasanara’s investment fund, comprising various financial allocations such as fintech-backed receivables, lending to small and medium enterprises (SMEs), real estate-backed loans, and stable digital strategies.
• Investor Benefits: Eligible investors can utilize the mF-ONE in a dedicated Morpho Market, allowing them to secure USDC liquidity sourced from specially curated vaults managed by Steakhouse.
• Strategic Partnerships: The launch is fortified by backing from a range of major DeFi entities and institutions, including Stake Capital and GSR.

For more details, check CoinDesk’s Crypto Daybook.