A first in the history of crypto from Midas: the US Treasury Bill token Mtbıll started on Algorand
Midas, the German Tokinization company, presented a 4.06 %net -brought MTBILL product to individual investors on the algorand network without a minimum investment requirement.
Mtbıll, which comes without a minimum investment requirement, offers 4.06 %net -oriented government bonds to individual investors in Europe.
Midas, the German Tokinization Protocol, launched the Mtbıll token, which represented US Treasury bills, on the Block of Algorand. The first atomic swap process was carried out on 27 May and MTBIll was purchased for 2 million USDC.
MTBILL provides 4.06 %net return to individual investors with a low entrance barrier.
💸 What is Mtbıll?
Mtbıll is a token that refers to the short -term US Treasury Bond ETFs.
He’s working on the Algorand Network.
It does not require minimum investment, which makes it accessible to individual investors.
Net annual return rate: 4.06 %(as of May 29).
Comparison: Blackrock’s BUIDL fund requires a minimum investment of $ 5 million.
🔄 First Process: Atomic Swap with 2 million USDC
The first process was performed on Algorand by one side of the third.
MTBIll was purchased for 2 million USDC.
⚙️ Algorand infrastructure
Algorand is known for its fast and scalable defi applications.
Market value: $ 1.84 billion (according to Coinmarketcap data).
Algorand Foundation:
“These assets will be integrated into our defi ecosystem in the coming weeks.”
🌍 RWA and Tokinization Race Herb
Tokenized money market funds have recently attracted serious corporate interest:
Blackrock BUIDL → TVL has doubled in three weeks.
Fidelity launches the Onchain class on May 30th.
Franklin Templeton carried his background to the networks and Base (Coinbase L2) networks.
31 %of the real world assets (RWA) token are in this category.
Tokinization provides transparency and automation for corporate funds; For individual investors, it facilitates access.