Instruments · Tokenized Treasuries

Midas mTBILL

mTBILLTokenized TreasuriesLow

~3.42% (tracks T-bills)

Yield / return

checked 18 Oct 2026

Tokenized US T-bill exposure from European issuer Midas — FMA (Liechtenstein) compliant and passportable in the EU, open to retail with no minimum investment. DeFi-composable.

No KYC on secondary market · self-custody

Mint with USDC at midas.app after KYC, or buy on a DEX

Who may buy is set by the issuer — check their terms.

Go to Midas ↗Trader view →

Minimum None · Self-custody · verify with the provider before acting

Where to buy mTBILL

Open in trader view →

mTBILL is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Midas — see above.

Key facts

Yield / return: ~3.42% (tracks T-bills)
Risk: Low
Minimum: None
Liquidity: Mint/redeem with stablecoins; DEX liquidity
Custody: Self-custody
KYC: Required to mint
Figures verified: 2026-10-18

Details

Issuer: Midas
Type: Tokenized Treasuries
Category: Tokenized Treasuries
Pillar: Fixed Income
Yield source: Short-term US Treasuries (via BlackRock ETF structures)
Network: Ethereum (+L2s, Algorand)
Jurisdiction: Liechtenstein (EU passport)
AUM: Growing (smaller issuer)

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Tokenized money market funds, compared →What kind of asset is this? All types explained →

What you actually own

Midas (mTBILL and others) · Third party holds the shares

A secured claim on the issuer

Dividends: Not confirmed
Voting rights: Not confirmed
Corporate actions: Not confirmed
Redemption: Not confirmed
If the issuer fails: Not confirmed
Transfer: Not confirmed

checked 2026-09-18 · issuer-docs · source

Who it is aimed at

Target / Area

Who can buy — as the issuer states it

NoUS · Retail investors
Midas stated in May 2024 that its tokens are not available to US persons and entities; its current documentation could not be opened to re-confirm.
checked 2026-09-18 · issuer-docs · source

Quoted from the sources linked, on the date shown. Terms change; the issuer has the final word (issuer documentation).

Questions about mTBILL and Tokenized Treasuries

Buying mTBILL: common questions

How do I buy mTBILL?

Mint with USDC at midas.app after KYC, or buy on a DEX. The token runs on Ethereum (+L2s, Algorand). Minimum: None.

Where can I buy mTBILL?

mTBILL is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Midas.

Do I need KYC to buy mTBILL?

Not on the secondary market: mTBILL can be bought on a DEX without identity verification. Minting it directly with the issuer does require KYC.

Who can buy mTBILL?

As Midas (mTBILL and others) states it: US, retail investors: no (Midas stated in May 2024 that its tokens are not available to US persons and entities; its current documentation could not be opened to re-confirm). The issuer has the final word; check its terms before buying.