Midas mTBILL
Peers · Tokenized Treasuries
AVG 3.50% · BENCH 2.00%| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|---|---|---|---|---|
| USDY | Ondo Finance | ~3.69% | +169bp | VERY LOW | ~$50 (secondary market) |
| JTRSY | Anemoy / Janus Henderson (Centrifuge) | ~3.59% | +159bp | LOW | $500,000 (institutional) |
| OUSG | Ondo Finance | ~3.56% | +156bp | LOW | $5,000 |
| mTBILL ◂ | Midas | ~3.42% | +142bp | LOW | None |
| TBILL | OpenEden | ~3.37% | +137bp | LOW | KYC onboarding; verify current minimum |
| USTB | Superstate / Invesco | ~3.35% | +135bp | LOW | Qualified purchasers (high) |
Description
ISSUER DOCSTokenized 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.
Buying · Q&A
4 QUESTIONSHow 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.
Where to trade
SECONDARY MARKETmTBILL does not trade on any exchange or DEX we can see. You get it from the issuer and redeem it there — see below.
Issuer · primary market
SUBSCRIBE / REDEEMMint with USDC at midas.app after KYC, or buy on a DEX
Who may buy is set by the issuer — check their terms. Not investment advice.
Key facts
VERIFIED 2026-10-18- 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
- Verified
- 2026-10-18
Details
- Issuer
- Midas
- Type
- Tokenized Treasuries
- Category
- Tokenized Treasuries
- Yield source
- Short-term US Treasuries (via BlackRock ETF structures)
- Network
- Ethereum (+L2s, Algorand)
- Jurisdiction
- Liechtenstein (EU passport)
- AUM
- Growing (smaller issuer)
Questions
ANSWERS- Which tokenized assets can an AI agent buy on its own, without KYC — and which pays the most?
- Which tokenized US Treasury pays the highest yield right now — and who is allowed to buy it?
- Can I buy tokenized Treasuries without KYC, straight from my own wallet on a DEX?
- How much money do I need to invest in tokenized Treasuries — is $100 enough?
- Which governments, cities and public agencies have issued digital or tokenized bonds?