Key Takeaways:
- Midas launched mTBILL, a tokenized U.S. Treasury bill product on Algorand, with no minimum investment requirement.
- The mTBILL offers a 4.06% net yield and aims to democratize access to government bond yields for retail investors.
- The token, backed by short-term Treasury ETFs, supports atomic swaps and will integrate into Algorand’s DeFi ecosystem.
German fintech firm Midas has launched mTBILL, a tokenized version of U.S. Treasury bills on the Algorand blockchain, aiming to democratize access to yield-bearing government bonds for European retail investors.
Unlike traditional offerings such as BlackRock’s BUIDL, which requires a $5 million minimum investment, mTBILL imposes no minimum, enabling broader participation.
🚨 @MidasRWA , a fully regulated German tokenization platform, launches mTBILL token on Algorand, the first non-EVM launch for the token.
— Algorand Foundation (@AlgoFoundation) May 29, 2025
mTBILL is a tokenized certificate referencing short-term U.S. Treasury ETFs, available to retail investors across Europe. The redemption… pic.twitter.com/mhzfAGGq8K
The token is backed by short-term U.S. Treasury ETFs and offers a net yield of 4.06% as of May 29.
The first atomic swap involving mTBILL occurred on May 27, with $2 million in USDC exchanged.
Built on Algorand’s high-speed, scalable infrastructure, mTBILL provides near-instant finality, 24/7 market access, and no counterparty risk.
The Algorand Foundation confirmed that these assets will be integrated into its DeFi ecosystem in the coming weeks.
The launch reflects a broader trend toward tokenized real-world assets (RWAs), particularly those linked to U.S. Treasury debt, which now account for ~31% of the non-stablecoin RWA market.
As institutional and retail demand for digital investment vehicles grows, mTBILL demonstrates how blockchain can streamline access to traditionally exclusive financial instruments.
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