Startup profile · funding coverage
Midas funding, valuation and investors
Berlin platform turning institutional investment strategies into compliant, composable on-chain tokens with instant redemptions.
Keep track of Midas
Save this profile to your VCT watchlist for a quick return.
Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$50M (~€43M) · March 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$8.8M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · Berlin, Germany
Investors in latest funding
Lead: RRE Ventures , Creandum
Other: Framework Ventures , HV Capital , Coinbase Ventures , Franklin Templeton , FJ Labs , GSR
Overview
Midas Software GmbH, founded in 2024 in Berlin, builds infrastructure for composable on-chain investment products. Strategy managers — including BlackRock-linked portfolios and partners like Hyperithm and Edge Capital — turn institutional strategies into regulatory-compliant mTokens that track net asset value and integrate natively with DeFi protocols such as Morpho and Pendle. Flagship product mTBILL mirrors short-dated U.S. Treasury exposure via a secured-loan structure under German law. Midas Staked Liquidity (MSL), part of its Open Liquidity Architecture, enables instant atomic redemptions without settlement counterparty risk. The company reports over $1.7B in cumulative asset issuance and $37M in yield paid out. Founders Dennis Dinkelmeyer (ex-Goldman Sachs), Fabrice Grinda (FJ Labs), and Romain Bourgois (ex-Ondo Finance) closed a $50M Series A in March 2026.
Why Midas is interesting
Institutional DeFi in 2026 is less about yield marketing and more about regulated issuance plus liquidity architecture — Midas pairs German SPV legal structure with Open Liquidity Architecture (MSL) so tokenized T-bills and credit strategies redeem atomically across DeFi.
Product & use cases
Midas lets strategy managers issue compliant on-chain investment tokens (mTokens) with on-chain attestations of NAV, holdings, and performance — designed for DeFi composability as collateral and yield primitives, not as stablecoins or unstructured vaults.
- Institutional allocators accessing tokenized T-bill and structured-credit exposure on-chain
- DeFi protocols integrating mTokens as collateral on lending markets like Morpho
- Asset managers distributing regulated strategies with instant redemption via MSL
- Treasury and DAO treasuries parking idle capital in mTBILL-style products
Key facts
- Series A (Mar 2026): $50M (~€43M) led by RRE Ventures and Creandum — Tech.eu, company blog
- Total funding $58.75M after $8.75M seed in 2024
- Reports $1.7B+ in cumulative asset issuance and $37M yield paid out (company blog)
- mTBILL tracks short-dated U.S. Treasuries via German SPV structure — Arbitrum DAO application
- Open Liquidity Architecture with Midas Staked Liquidity for instant atomic redemptions
- Founders: Dennis Dinkelmeyer (Goldman Sachs), Fabrice Grinda (FJ Labs), Romain Bourgois (Ondo Finance)
Funding history (newest first)
Series A
2026-03 $50M (~€43M)- RRE Ventures (lead)
- Creandum (lead)
- Framework Ventures (participant)
- HV Capital (participant)
- Coinbase Ventures (participant)
- Franklin Templeton (participant)
- FJ Labs (participant)
- GSR (participant)
Source: Read source · tech.eu
Seed
2024 $8.75MSource: Read source · blog.midas.app
Investors in our directory
Funds linked from Midas's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Regulated German issuance structure plus purpose-built instant-liquidity layer (MSL) — Midas sells compliance posture and atomic redemptions, not just tokenized yield.
Tokenized institutional products crowded post-2024, but most lack instant on-chain redemption without liquidity pools or settlement delay. Midas bets that MSL plus German SPV compliance wins allocators who need audit trails and DeFi composability together — European MiCA clarity helps its GTM versus U.S.-only issuers.
-
Ondo Finance direct
Leading tokenized treasury and RWA issuer; Midas founder Romain Bourgois came from Ondo — Midas differentiates on Open Liquidity Architecture and European regulatory setup.
-
Securitize adjacent
Regulated tokenization platform for securities; broader asset classes but less DeFi-native composability than Midas mTokens.
-
Maple Finance direct
On-chain institutional credit; overlaps in structured yield but Midas emphasizes multi-strategy mToken platform and instant redemptions.
-
Backed Finance adjacent
Tokenized equities and bonds in Europe; narrower product set than Midas multi-strategy issuance platform.
Notable stories
- Co-founder Fabrice Grinda is the prolific FJ Labs investor — Midas applies his marketplace thesis to institutional capital markets on-chain (company blog, Tech.eu).
- Midas forged product-market fit during the crypto bear market and emerged with $1.7B+ in issuance before its Series A — RRE cited this explicitly in its investment announcement (Tech.eu, March 2026).
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Midas's financing or category context.
FAQs about Midas
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.