Midas mTBILL

Midas mTBILL is a tokenized representation of short-dated US Treasury Bills, designed to bring the yield and relative stability of government debt instruments onto public blockchains. It is aimed at users who want exposure to US Treasury Bill returns without going through traditional financial intermediaries. The token is described as permissionless, meaning participation does not require approval from a gatekeeper in the way conventional Treasury products typically do.

mTBILL is an Ethereum-based token that tracks the value of short-dated US Treasury Bills, with the underlying assets held off-chain and the token representing a claim on that pool. It also exists within several other ecosystems including Rootstock, Etherlink, and Plume Network, suggesting it is deployed or bridged across multiple chains. Because it is classified as a real-world asset token rather than a native blockchain protocol, it has no consensus algorithm of its own and relies on the settlement infrastructure of the chains where it is issued.

The data stored for mTBILL does not include a fee stream, revenue figures, or protocol earnings, so fee-based measures commonly found on this site are not applicable here. The yield the token tracks comes from the underlying US Treasury Bills themselves rather than from protocol-level activity. The fully diluted valuation equals the market capitalization, the circulating supply of 68,999,161 tokens accounts for virtually all issued supply at 99.999964 percent, and there is no recorded dilution overhang, meaning no additional supply is known to be pending.