The Oasis Foundation announced that it will provide $5 million in funding to RWA issuer Mida to introduce Midas' compliant tokenized funds to the Sapphire chain so that Midas can launch its income-based tokenized treasury fund on Oasis' Sapphire network.
Midas' asset tokenization project mTBIL mainly tracks short-term US Treasury bonds. Each mTBILL token represents one share of the BlackRock German Bond ETF. With the support of the Oasis Foundation, Midas will further expand the privacy options of mTBILL. (TheBlock)
Previously, the tokenization protocol Midas had launched the income token mBTC, which pays income in the form of Bitcoin-denominated assets.