Midas raised 50 million dollars.

Let's take a closer look.

1/ Investors

One of the lead investors RRE Ventures: Rarely invests in Crypto projects, but has previously backed Binance US, Ripple, Filecoin, Bitpay, and Paxos among others.

Another lead investor Creandum: The first institutional investor in Spotify, and has invested in numerous unicorns valued over ten billion dollars, such as Klarna (the buy now pay later giant), Trade Republic (the European version of Robinhood), Pleo, Bolt (one of the largest ride-hailing platforms in Europe), Depop (a second-hand e-commerce platform later acquired by Etsy), and so on.

2/ Team

The Midas team background is as follows:

Founder and CEO @DennisMidas is a former investment manager at Goldman Sachs.

Co-founder @fabricegrinda is a former founding partner of FJ Labs.

Product Head @romainbourgois is a former product head at Ondo Finance.

Founded in 2023, current TVL is 470 million dollars.

With money, talent, and performance.

It is a project in the RWA track that cannot be ignored.

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