Midas Brings Tokenized Assets to Tezos L2—Etherlink Just Got a Golden Upgrade

Tezos' Layer 2 just struck gold. Midas—the asset tokenization platform that’s been quietly eating Wall Street’s lunch—officially deployed on Etherlink, bringing real-world assets (RWAs) to one of crypto’s most energy-efficient chains.

Why This Matters

Tokenization was supposed to be TradFi’s killer app for blockchain. Instead, DeFi-native projects like Midas are flipping the script—offering 24/7 settlements and fractional ownership while banks still argue about SWIFT upgrades.

The Etherlink Edge

Tezos’ L2 isn’t just another scaling solution. With sub-second finality and gas fees under a penny, it’s built for the Midas touch: turning everything from real estate to rare whiskeys into tradable tokens without the legacy system’s 3-day settlement delays.

The Bottom Line

While traditional finance wastes millions on ‘blockchain pilots,’ Midas on Etherlink proves real tokenization doesn’t need permission—just a chain that won’t gouge users. Maybe Jamie Dimon should check his wallet (the crypto one he claims not to have).

Midas’ New Collaboration

According to a press release shared with CryptoPotato, the institutional-grade asset tokenization platform is steadily developing on Etherlink. The focus is on creating secure, transparent, and efficient structures that allow investors to access the performance of select reference strategies through tokenized formats.

After launching mBASIS, the protocol for tracking the performance of crypto funding rates, and mTBILL, which tracks short-term US Treasuries, two new products were introduced: mMEV and mRe7YIELD.

The former follows a yield strategy by MEV Capital, a digital asset manager, and the latter does the same, but for Re7 Capital, an investment firm specializing in DeFi yield and liquid alpha strategies.

At the time of printing, according to information from Midas’ website, the reported Total Value Locked (TVL) is close to $350 million; however, data from DefiLlama paints a different picture, with nearly $190 million.

Etherlink as The Backbone

The L2 blockchain is non-custodial, ethereum Virtual Machine (EVM)-compatible, built on Tezos Smart Rollups, offering developers favorable conditions in terms of transaction costs and confirmation times.

“Etherlink offers the scalability and composability needed to bring structured, compliant strategies fully on-chain. With mMEV and mRe7YIELD, we’re expanding secure, self-custodied exposure to institutional-grade products.” – Dennis Dinkelmeyer, CEO at Midas

David Relkin, the Head of DeFi at Nomadic Labs, which is the Core team behind Tezos, believes this is an essential step toward bringing wholesale finance fully on-chain.

The timing aligns with notable progress achieved by the blockchain, which has grown from $1.45 million on March 1st to over $45 million in TVL as of today, indicated by DefiLlama.

This is just one of the use cases that Etherlink boasts, which also includes gaming & NFTs, cross-chain liquidity through bridges like LayerZero or Bifröst, support for .etherlink domains, and more.