Midas, a protocol to issue performance tokens backed by the treasure of the United States and other assets, has introduced a private credit product based on blockchain, with the help of the Institutional Asset Manager Fasanara and the native cryptographic natives Morpho and Steakhouse, the companies said on Friday.
The MF-one of Midas, a native blockchain certificate, is structured to track the F-CER Fund of Faseanara composed of assignments in accounts receivable with Fintech, loans with SMEs, credit backed by real estate and neutral digital strategies of Delta-Neutra.
Qualified investors can colatize MF -one in an MF-CE/USDC Morpho market and borrow liquidity from the USDC supplied by USDC vaults curated by Steakhouse, according to a press release. This allows customers to borrow Stablecoins against their holdings and obtain capital efficiency while maintaining exposure to a credit strategy.
In February, Midas introduced liquid performance tokens (Lyt) Linked to decentralized and actively administered finances (Defi) Funds, starting with Edge Capital, Re7 Capital and Mev Capital.
The launch of MF -one is supported by the participation of defi and leading institutions, which include: Stake Capital, GSR, Hardcore Labs, Sumcap and Cian.
