Midas mTBILL
Peers · Tokenized Treasuries
AVG 3.59% · BENCH 2.00%| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|---|---|---|---|---|
| mTBILL ◂ | Midas | ~4% | +200bp | LOW | None |
| JTRSY | Anemoy / Janus Henderson (Centrifuge) | ~3.59% | +159bp | LOW | $500,000 (institutional) |
| USDY | Ondo Finance | ~3.55% | +155bp | VERY LOW | ~$50 (secondary market) |
| OUSG | Ondo Finance | ~3.53% | +153bp | LOW | $5,000 |
| TBILL | OpenEden | ~3.48% | +148bp | LOW | KYC onboarding; verify current minimum |
| USTB | Superstate / Invesco | ~3.38% | +138bp | LOW | Qualified purchasers (high) |
Description
ISSUER DOCSTokenized US T-bill exposure from European issuer Midas — FMA (Liechtenstein) compliant and passportable in the EU, open to retail with no minimum investment. DeFi-composable.
Buying · Q&A
4 QUESTIONSHow do I buy mTBILL?+
Mint with USDC at midas.app after KYC, or buy on a DEX. The token runs on Ethereum (+L2s, Algorand). Minimum: None.
Where can I buy mTBILL?+
mTBILL is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Midas.
Do I need KYC to buy mTBILL?+
Not on the secondary market: mTBILL can be bought on a DEX without identity verification. Minting it directly with the issuer does require KYC.
Who can buy mTBILL?+
As Midas (mTBILL and others) states it: US, retail investors: no (Midas stated in May 2024 that its tokens are not available to US persons and entities; its current documentation could not be opened to re-confirm). The issuer has the final word; check its terms before buying.
Where to trade
SECONDARY MARKETmTBILL does not trade on any exchange or DEX we can see. You get it from the issuer and redeem it there — see below.
Issuer · primary market
SUBSCRIBE / REDEEMMint with USDC at midas.app after KYC, or buy on a DEX
Who may buy is set by the issuer — check their terms. Not investment advice.
Key facts
- Yield / return
- ~4% (tracks T-bills)
- Risk
- Low
- Minimum
- None
- Liquidity
- Mint/redeem with stablecoins; DEX liquidity
- Custody
- Self-custody
- KYC
- Required to mint
Details
- Issuer
- Midas
- Type
- Tokenized Treasuries
- Category
- Tokenized Treasuries
- Yield source
- Short-term US Treasuries (via BlackRock ETF structures)
- Network
- Ethereum (+L2s, Algorand)
- Jurisdiction
- Liechtenstein (EU passport)
- AUM
- Growing (smaller issuer)