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Midas, a top player in the tokenized RWA sector, has announced a strategic collaboration with Oasis Protocol. The partnership aims at launching the cutting-edge $mTBILL coin via the Sapphire Network, the earliest confidential EVM in the market, to enhance DeFi security and accessibility. The platform announced this partnership on its official social media account.
We’re excited to announce our partnership with @OasisProtocol to bring mTBILL to the Sapphire Network!
As the first confidential EVM, Sapphire enables privacy-preserving smart contracts, making it the perfect home for mTBILL. pic.twitter.com/PZH3OqtwNr
— Midas (@MidasRWA) December 4, 2024
Midas Partners with Oasis Protocol to Advance the DeFi Realm with mTBILL’s Launch
The company revealed that this collaboration focuses on attaining the mutual interest of Midas and Oasis Protocol in improving DeFi. The chief objective of this endeavor takes into account the launch of the mTBILL coin through Sapphire Network.
The mTBILL token denotes U.S.-based tokenized Treasury Bills. It provides an annual percentage yield of up to 4.78% and demands nothing in minimum investment. This makes it an attractive option for a broad range array of investors. The token can generate stable yields with support from real-world assets. In this way, it offers new opportunities concerning top financial products that only institutional investors can access in traditional finance.
Oasis Allocates $5M in Phases for The Mutual Initiative
The privacy-preserving infrastructure of the Sapphire Network delivers a suitable forum for mTBILL. Additionally, Sapphire permits confidential data-related options through smart contracts. This guarantees the security of the complex financial details. As a result of this innovation, the consumers get relief while sustaining transparency in the blockchain sector. Moreover, according to Midas, Oasis Foundation has reportedly allocated a phased investment of $5M for this initiative.
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