Midas, a monetary tokenization platform, mentioned it’s introducing two tokenized funding merchandise on Etherlink, an Ethereum-compatible layer-2 overlay system for quicker and cheaper transactions, constructed utilizing the Tezos blockchain.

The brand new merchandise, mMEV and mRe7YIELD, are designed to supply alternatives in decentralized finance (DeFi) and are monitored by MEV Capital and Re7 Capital, respectively, every performing as appointed danger supervisor, based on a Wednesday press launch.

The transfer builds on Midas’ earlier merchandise, mBASIS and mTBILL, which have collectively attracted $11 million in whole worth locked (TVL) on Etherlink since their introduction. These tokenized certificates monitor monetary methods via ERC-20 tokens, permitting customers to carry publicity via self-custodied, permissionless good contracts whereas retaining compliance oversight.

The brand new merchandise observe an analogous mannequin. mMEV gives publicity to arbitrage and market-neutral alternatives throughout blockchain ecosystems, whereas mRe7YIELD tracks diversified DeFi yield methods. In each circumstances, buyers keep away from coping with a number of intermediaries or regional laws by executing methods by way of a single on-chain transaction.

Etherlink, with its quick affirmation instances and negligible transaction charges, has seen latest community upgrades, together with near-instant withdrawal instances.

What as soon as required contracting via a number of layers of intermediaries, every ruled by their very own native laws, might quickly be executed via a single good contract name, mentioned David Relkin, head of DeFi at Nomadic Labs, a Tezos developer group engaged on Etherlink.

“Merchandise like mMEV and mRE7YIELD lastly make superior yield-farming methods accessible to institutional buyers. We view them as one necessary step towards bringing wholesale finance totally on-chain,” Relkin mentioned within the assertion.

For Midas, Etherlink gives the perfect setting for scalable monetary functions, the place methods might be composed straight into lending, automated market making and structured vaults with minimal overhead and maximal accessibility, mentioned Dennis Dinkelmeyer, CEO at Midas

“Etherlink gives the scalability and composability wanted to deliver structured, compliant methods totally on-chain. With mMEV and mRe7YIELD, we’re increasing safe, self-custodied publicity to institutional-grade merchandise.” Dinkelmeyer mentioned in an announcement.

Mantis Ventures, the enterprise capital agency co-founded by Alex Pall and Drew Taggart of the digital DJ group The Chainsmokers, has raised $100 million in commitments for its third fund.

At $100 million, the agency’s latest fund is 25% bigger than Mantis’ earlier $80 million fund, a notable achievement at a time when many enterprise companies are struggling to take care of their present fund sizes or safe new capital.

Mantis has invested in B2B corporations, comparable to cybersecurity agency Chainguard and AI monetary analyst startup Rogo, the place the worth of their movie star standing is probably not instantly obvious.

Whereas most movie star VCs give attention to client corporations, Pall and Taggart instructed TechCrunch final fall that their major curiosity lies in B2B startups, the place they see significant opportunities.

The duo has discovered a manner to make use of their fame to assist their portfolio corporations, nonetheless. The Chainsmokers have performed personal exhibits for practically each Fortune 500 firm, Pall mentioned, and that have has helped construct a community that the agency is leveraging for buyer introductions.