Tokenisation startup Midas raises $50 million in early-stage funding round

German startup Midas has raised $50 million in an early-stage funding round led by venture capital firms RRE and Creandum, with backing from investors including Coinbase Ventures and Franklin Templeton, it said on ‌Monday.

Founded in ⁠2024, the ⁠company turns investment products into digital tokens that can be traded on blockchain networks. The process, known as tokenisation, has drawn growing attention in recent months with proponents seeing it as a way to modernise capital markets by making financial products more transparent and easier to trade.