Midas is a DeFi platform that tokenizes real-world assets (RWAs) such as U.S. Treasury bills into compliant, liquid, yield-bearing mTokens. With $1.7 billion in assets minted, Midas provides onchain access to institutional-grade investment strategies by allowing users to invest, redeem, and use mTokens as DeFi collateral.
The recently unveiled Midas Attestation Engine is designed to convert key data into permanently anchored onchain checkpoints. Built in collaboration with Chainlink, LlamaRisk, vlayer, and Canary, the Attestation Engine provides cryptographic, independently verified confirmation of critical data such as net asset value (NAV) and proof of reserves onchain.
Midas’ dashboards provide continuous visibility across all products, starting with mHYPER, a liquid yield token that provides onchain access to market-neutral, stablecoin-focused yield strategies managed by Tokyo and Seoul-based digital asset management firm Hyperithm.
The Attestation Engine complements this real-time transparency by providing an independent trust layer that creates a permanent, tamper-proof audit trail for all mTokens onchain.
The Attestation Engine works by creating a claim from a structured piece of data sourced from a verified origin. One or more claims are bundled into an attestation along with timestamps, metadata, and predefined validation logic, then published onchain via the Chainlink Runtime Environment (CRE).
CRE is a universal orchestration layer that allows developers to build end-to-end, institutional-grade, multi-chain, multi-oracle, multi-jurisdictional smart contracts with inherent compliance and legacy system connectivity faster than ever before. Designed to dramatically accelerate the rate at which institutional capital can flow onchain, CRE is built to capture tokenization’s $867 trillion market opportunity.
In an official announcement, Midas highlighted its Attestation Engine as “the most significant step we have taken toward making trust programmable,” and Midas CPO Romain Bourgois said, “Real-time reporting delivers visibility. Attestations deliver trust anchors. Together, they define a new standard for what transparency in onchain finance can look like.”
To learn more about Midas, visit their website, X, Telegram, and Discord.