According to Jinse Finance, RWA project Midas has completed a seed round of financing worth $8.75 million, led by BlockTower, Framework, and HV Capital, with participation from institutions such as Coinbase Ventures, Ledger, GSR, Hack VC, Axelar, and FJ Labs.

It is reported that Midas is an asset tokenization project, and mTBILL, as Midas's first product, will track short-term US Treasury bonds, with each mTBILL token representing a share in the BlackRock Treasury ETF.