Tokenization Protocol Midas has launched a tokenized US Treasury Bill on the Blockchain of Algorand and offers European investors retail access to return -bearing government bonds without minimal investments.
According to an announcement of 29 May of the German-Origin company, MTBILLS, which represents a tokenized certificate that refers to short-term-drilled funds in the US, was now live on the Algorand-Blockchain.
Midas says that the offer offers an alternative to tokenized money market products of institutional quality, such as BlackRock’s USD Institutional Digital Liquuidity Fund (Budl), which requires a minimum investment of $ 5 million.
MTBill, on the other hand, has no investment minima and currently offers a net yield of 4.06% from 29 May. The product is designed to lower the accession thresholds for retail investors who are looking for stable, interest-bearing digital assets and at the same time to use the benefits of blockchain infrastructure.
The first atomic change in which MTBILL was involved was performed by a third party on 27 May, with $ 2 million in USDC exchanged for the Tokenized Activum on the Alorand -Blockchain.
The Algorand Foundation welcomed the initiative and stated that these assets would be integrated into its decentralized financial ecosystem in the coming weeks.
“MTBILL investors will benefit from the infrastructure of the World Class of Algorand. They can exchange at negligible costs, with immediate finality, 24/7, without counterpartic risk,” the added.
The launch of MTBILL comes in the midst of accelerating growth in the wider tokenized money market sector. A recent report from Brickken noted that the total market for tokenized assets has now surpassed $ 50 billion, driven by a growing institutional participation and increasing acceptance with retail investors.
Germany is currently leading the region, accounting for almost 60% of tokenized bond issue, supported by clearer regulatory frameworks.
Companies such as Coinbase Asset Management, Glasstower and Ripple are also expected to enter the space in 2025, combining with old players such as BlackRock, Franklin Templeton and UBS when building Tokenized liquidity products.
McKinsey projects the Tokenized market to reach a market capitalization of $ 2 trillion by 2030.
Major players continue to expand their footprint in the sector. As previously reported by crypto.news, Fidelity Investments is preparing to launch his own Stablecoin as part of a broader strategy to digitize the traditional range of the money market.
Another prominent example is UBS Asset Management, which has been actively testing Token -Laked Geldmarkt Funds since 2023 via his Token -Size platform and launched its first Token -organized investment fund in November last year.
