Midas Launches mTBILL on Algorand Blockchain

Midas, a German tokenization protocol, has launched mTBILL, a tokenized US Treasury bill, on the Algorand blockchain to enhance accessibility for retail investors as of May 2025.

mTBILL, launched by Midas on Algorand, represents a meaningful shift in financial accessibility, catering to retail investors and potentially stimulating blockchain-based finance adoption.

Midas has officially confirmed the release of mTBILL tokens that reference short-term U.S. Treasury ETFs. On May 27, the first atomic swap involved $2 million in USDC, highlighting strong initial interest.

Midas, a leading figure in tokenizing traditional financial instruments, recently introduced the mTBILL token on the Algorand platform. The token aims to reduce investment barriers for retail investors by offering exposure to US Treasury yields.

The introduction of mTBILL, a yield-generating token, could benefit both retail investors and the broader DeFi market. The Algorand Foundation has announced plans to integrate these tokens into DeFi ecosystems soon.

“These assets will make their way to our DeFi ecosystem in the coming weeks.” — Algorand Foundation, Official Statement, Cointelegraph

Early indications from the swap transaction signal institutional investors‘ interest in the mTBILL initiative, even as retail investors are a focal point. This could encourage further blockchain adoption in traditional finance.

Midas targets a broader financial audience by making these assets more accessible, contrasting similar past attempts that required high minimum investments. This, coupled with Algorand’s DeFi integration, shapes an optimistic future for blockchain finance involvement.