March 04, 2026
Blockwind News chief content officer Tsering Namgyal interviewed to Co-Founder and CEO of Midas, a platform for composable onchain investment products, over email about his firm and how it is navigating the digital assets space.
1. Vision and Origin
Q: You founded Midas after your experience at Goldman Sachs and Capital Group. What specific limitations in traditional financial infrastructure convinced you that tokenisation was not just an innovation, but a necessity?
“I founded Midas after seeing how slow and restricted traditional finance can be. Tokenisation lets investors access high-quality, professionally-managed strategies directly on the blockchain. For example, we can turn U.S. Treasuries or other low-risk assets into digital tokens that work seamlessly across DeFi lending platforms, something that only two years ago was unheard of
2. Defining Midas’ Core Proposition
Q: Midas describes itself as a platform for “composable onchain investment products.” For institutional investors and asset managers who may be new to DeFi, how would you clearly differentiate Midas from other tokenisation or digital asset platforms?
“Midas is a platform for investors to access regulated, yield-bearing digital assets onchain. Unlike other platforms, we focus on regulatory-compliant, institutional-grade products that can be integrated into DeFi strategies, so investors can borrow, trade, or loop them into advanced portfolios while having fully transparency about the underlying assets and strategies ”
3. Regulatory and Compliance Framework
Q: You emphasise regulatory-compliant token structures. Given the evolving global regulatory landscape for digital assets, how does Midas ensure compliance across jurisdictions while maintaining the openness and composability that DeFi enables?
“Compliance is central to everything we do. Each token is built to meet regulatory standards across multiple jurisdictions, so investors can confidently deploy capital onchain. At the same time, our products remain fully composable, meaning they can be used across lending, trading, and other DeFi applications
4. Real-World Asset (RWA) Tokenisation Strategy
Q: Tokenisation of real-world assets has become a major theme in digital finance. What structural or liquidity challenges remain in scaling RWAs onchain, and how is Midas positioned to address them differently from competitors?
“As the sector develops, liquidity depth, alignment between token design and underlying assets, and regulatory clarity remain central to institutional participation. Midas focuses on regulatory-compliant, prospectus-based products backed by high-quality assets and are designed to meet institutional standards. These products (mTokens) are issued as ERC20 tokens, so they can be used across lending, trading and various other DeFi strategies. The aim is to create tokenised assets that institutions can comfortably hold, post as collateral and use as part of everyday capital management onchain.”
5. mTokens and the Quasi-Stablecoin Challenge
Q: Midas is issuing mTokens to address what you describe as the “quasi-stablecoin challenge.” Could you explain what this challenge entails and how your approach seeks to create a more efficient and transparent yield-bearing instrument?
“The quasi-stablecoin challenge appears when a product is treated like cash but structured like a yield fund. On the surface, it looks stable, while the underlying portfolio may carry duration or credit risk. That gap tends to become visible during periods of market stress. Midas addresses this by clearly separating payment instruments from investment products. Midas mTokens are structured as transparent, onchain yield instruments with clearly defined risk and return. Users know they are holding an investment product, which creates clearer expectations for how the product should perform.”
6. Long-Term Market Impact
Q: Looking ahead five to ten years, how do you envision institutional capital markets evolving as tokenised investment products become more mainstream? What role do you see Midas playing in that transformation?
“Five to ten years from now, capital markets are likely to have moved far more onchain than they are today. Tokenised Treasuries and high-grade credit could become standard tools for managing cash and collateral across institutions. As that happens, the distinction between traditional finance and digital assets should become less pronounced. Midas wants to help make that shift practical by bringing regulated, yield-bearing products onchain in a format institutions recognise and trust. If we execute on that, tokenised assets become part of everyday market infrastructure rather than a separate category.”
