Midas Expands Tokenization on Tezos via Etherlink

Midas Expands Tokenization on Tezos via Etherlink

The strategic partnership between Midas and Etherlink bolsters Tezos by integrating tokenized financial assets, drawing attention from institutional investors.

The collaboration enables Midas to launch two new tokens, mBASIS and mTBILL, on Etherlink. These products have achieved a Total Value Locked of $11 million. This integration targets institutional and DeFi users seeking on-chain exposure to traditional financial strategies through fully self-custodied ERC-20 tokens.

The partnership’s immediate market impact includes increased activity on Etherlink with enhanced staking and liquidity channels involving DeFi protocols like IguanaDEX and Superlend. The integration highlights the modular nature of Midas’ products, strengthening Tezos’ DeFi capabilities. Etherlink’s ecosystem, bolstered by a $3 million incentive for developers, supports this expansion.

“With the recent launch of key platforms like uranium.io, and Superlend partnership, we’re creating a robust foundation for sustained ecosystem growth that we’re set to super-charge with these and other upcoming initiatives.” — Etherlink Team

There is anticipation for further ecosystem announcements, expected to stimulate growth within Tezos L2, potentially altering DeFi tokenization landscapes with efficient, compliant solutions. The widespread availability of such tokenized assets offers diversified investment channels and showcases the burgeoning potential of Layer 2 solutions in accelerating DeFi adoption.