Midas Launches Blockchain-Based Private Credit Product mF-ONE

Midas, a protocol for issuing yield-bearing tokens backed by U.S. Treasuries and other assets, has introduced a blockchain-based private credit product, with the help of institutional asset manager Fasanara and crypto natives Morpho and Steakhouse. Midas’ mF-ONE, a blockchain-native investment certificate, is structured to track Fasanara’s F-ONE fund composed of allocations across fintech-originated receivables, SME lending, real estate-backed credit, and delta-neutral digital strategies.

Qualified investors can collateralize mF-ONE in a mF-ONE/USDC Morpho Market and borrow USDC liquidity supplied from USDC vaults curated by Steakhouse. This allows customers to borrow stablecoins against their holdings and gain capital efficiency while maintaining exposure to a credit strategy. The mF-ONE launch is supported by participation from leading DeFi and institutions, including: Stake Capital, GSR, Hardcore Labs, SumCap and CIAN.

This development marks a significant step in the integration of blockchain technology within the financial sector, offering investors a novel way to engage with private credit markets. The mF-ONE investment certificate leverages the transparency and security of blockchain technology to provide investors with a digital representation of their holdings in Fasanara’s F-ONE fund. This structure not only enhances the efficiency of transactions but also ensures that investors have real-time access to their investment data.

The collaboration between Midas, Fasanara, Morpho, and Steakhouse underscores the growing trend of financial institutions embracing blockchain to innovate their product offerings and improve operational efficiencies. The introduction of mF-ONE is expected to attract a broader range of investors who are increasingly looking for digital solutions in the private credit space. By tokenizing the F-ONE fund, Midas has created a more accessible and liquid investment option, which could potentially democratize access to private credit markets. This move aligns with the broader industry shift towards digital assets and decentralized finance, where traditional financial products are being reimagined on blockchain platforms.

The partnership between these firms highlights the potential for blockchain technology to revolutionize the financial industry. By combining the expertise of Midas in tokenization, Fasanara’s experience in private credit, Morpho’s technological prowess, and Steakhouse’s market insights, the mF-ONE product offers a comprehensive solution for investors seeking exposure to private credit markets. This collaboration is a testament to the power of strategic partnerships in driving innovation and delivering value to investors.

The launch of mF-ONE is a significant milestone for Midas and its partners, as it represents a tangible application of blockchain technology in the financial sector. The product’s ability to track the performance of Fasanara’s F-ONE fund in real-time provides investors with greater transparency and control over their investments. This development is likely to pave the way for more blockchain-based financial products, as the industry continues to explore the potential of digital assets and decentralized finance.