Tokenization Firm Midas Launches Blockchain-Based Private Credit Product

Midas, a protocol specializing in yield-bearing tokens backed by U.S. Treasuries and other assets, has rolled out a blockchain-native private credit product in collaboration with institutional asset manager Fasanara and crypto-focused firms Morpho and Steakhouse. The new offering, mF-ONE, is structured to mirror Fasanara's F-ONE fund, which invests in fintech receivables, SME lending, real estate credit, and delta-neutral digital strategies.

Qualified investors can now collateralize mF-ONE in a Morpho Market paired with USDC, borrowing liquidity from Steakhouse-curated vaults. This mechanism enables participants to maintain exposure to credit strategies while enhancing capital efficiency through stablecoin borrowing.

The launch follows Midas' February introduction of Liquid Yield Tokens tied to actively managed DeFi funds. Institutional support for mF-ONE includes Stake Capital, GSR, and other prominent DeFi players, signaling growing convergence between traditional finance and blockchain-based solutions.