{"id":"midas-mf-one","title":"Midas mF-ONE","content":"**Midas mF-ONE** is a tokenized investment certificate designed to provide [blockchain](https://iq.wiki/wiki/blockchain)-based exposure to the F-ONE strategy managed by Fasanara Capital. This strategy encompasses a diversified portfolio of private credit and [digital assets](https://iq.wiki/wiki/digital-assets). Midas mF-ONE enables qualified investors to access institutional-grade real-world credit returns via a [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) platform, specifically within lending markets such as [Morpho](https://iq.wiki/wiki/morpho). The product was launched in 2025 by [Midas](https://iq.wiki/wiki/midas), a [tokenization](https://iq.wiki/wiki/tokenization) firm that collaborates with Fasanara Capital and the DeFi protocols [Morpho](https://iq.wiki/wiki/morpho) and Steakhouse. [\\[1\\]](#cite-id-cniAKPvVQ5XYhQPo) \n\n## Overview\n\nMidas mF-ONE is a tokenized investment certificate that represents on-chain exposure to the F-ONE investment strategy managed by Fasanara Capital. The strategy combines private credit assets with delta-neutral digital asset positions. Introduced in 2025 by [Midas](https://iq.wiki/wiki/midas) in collaboration with Fasanara Capital and [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) protocols, the asset is issued as an [ERC-20](https://iq.wiki/wiki/erc-20) token on [Ethereum](https://iq.wiki/wiki/ethereum).\n\nThe token provides [blockchain](https://iq.wiki/wiki/blockchain)-based representation of interests in the underlying strategy and is compatible with [DeFi](https://iq.wiki/wiki/defi) applications, including lending and collateralization. Its structure combines [tokenization](https://iq.wiki/wiki/tokenization) with an investment framework governed through established legal and regulatory arrangements. [\\[1\\]](#cite-id-cniAKPvVQ5XYhQPo)  [\\[3\\]](#cite-id-faehQ6XxrJxUlge6)  [\\[5\\]](#cite-id-FaeUkhzAO3ecsokm)  [\\[6\\]](#cite-id-LnAP2JUIKjf3eg1F)  [\\[7\\]](#cite-id-uaBpwWNHYOfHlxLa) \n\n## Background & Development\n\nThe mF-ONE token was launched to address the challenges associated with traditional private credit products by leveraging blockchain technology. It emerged from a collaboration between [Midas](https://iq.wiki/wiki/midas), a platform known for creating yield-bearing tokens linked to U.S. Treasury-backed assets, and Fasanara Capital, a global private credit fintech lending specialist headquartered in London. The partnership aims to overcome liquidity issues typical in private credit markets by utilizing [tokenization](https://iq.wiki/wiki/tokenization), which allows for on-chain settlement and redemptions. [\\[2\\]](#cite-id-ZxYjI61oPwPreSMR)​\n\nFasanara Capital brings a wealth of experience to this partnership with its flagship F-ONE fund, which invests in fintech-originate receivables, small and medium-sized enterprise (SME) lending, real estate-backed credit, and delta-neutral digital asset strategies. The fund targets a 15% yearly net return, stressing a diversified approach to manage liquidity and mitigate risks. [\\[3\\]](#cite-id-faehQ6XxrJxUlge6)​\n\n## Design & Mechanism\n\nThe mF-ONE token operates as an Ethereum-based ERC-20 token, representing the net asset value (NAV) of the underlying F-ONE fund. [\\[2\\]](#cite-id-ZxYjI61oPwPreSMR) It integrates several layers of liquidity to balance target returns with investor accessibility. This includes the use of tokenized U.S. Treasury Bills (mTBILL) for atomic redemptions and liquidity management through Fasanara Digital's Pareto Vault, which applies delta-neutral [digital asset](https://iq.wiki/wiki/digital-assets) trading strategies. [\\[3\\]](#cite-id-faehQ6XxrJxUlge6)​\n\nThe token is designed for use in DeFi lending protocols, allowing investors to use it as collateral to borrow other assets such as [USDC](https://iq.wiki/wiki/usdc). This functionality is managed via the [Morpho](https://iq.wiki/wiki/morpho) money market, where the mF-ONE/USDC market has been configured to offer an attractive loan-to-value (LTV) ratio and competitive lending rates. The system manages liquidity risk through a three-layer liquidity stack, which ensures that the token can withstand market pressures and facilitate redemptions under stress. [\\[3\\]](#cite-id-faehQ6XxrJxUlge6)​\n\n## Use Cases & Applications\n\nMidas mF-ONE offers various use cases for institutional and qualified investors. Primarily, it allows investors to gain exposure to a diversified private credit strategy, which includes fintech-originated receivables, SME lending, and real estate-backed credit. Moreover, the token enables participation in delta-neutral [digital asset](https://iq.wiki/wiki/digital-assets) trading strategies, providing investors with options for yield generation across both traditional and crypto asset classes. The design also facilitates portfolio diversification, allowing investors to incorporate real-world credit markets into their [DeFi](https://iq.wiki/wiki/defi) portfolios. [\\[4\\]](#cite-id-5AJ6tlXrcScUbpTg)​\n\nAnother significant application of the Midas mF-ONE token is as a collateral asset in [DeFi](https://iq.wiki/wiki/defi) protocols. Investors can utilize the token to secure loans, thereby enhancing liquidity without liquidating their underlying private credit investments. This capability highlights the token's utility in improving capital efficiency across [blockchain](https://iq.wiki/wiki/blockchain)-based financial systems. [\\[5\\]](#cite-id-FaeUkhzAO3ecsokm)​\n\n## Governance & Compliance\n\nThe governance structure of mF-ONE integrates legal and compliance frameworks to accommodate both [DeFi](https://iq.wiki/wiki/defi) and traditional finance participants. While the token is managed on-chain, its underlying assets are safeguarded through established financial regulations to ensure credibility and security. Fasanara Capital, overseeing the F-ONE fund, is regulated by the Financial Conduct Authority (FCA), reinforcing investor confidence. [\\[3\\]](#cite-id-faehQ6XxrJxUlge6)​\n\nThe tokenization process employs a legal structure involving Special Purpose Vehicles (SPVs), which manage legal and financial arrangements off-chain while ensuring that on-chain operations are secure and compliant with existing financial regulations. [\\[6\\]](#cite-id-LnAP2JUIKjf3eg1F)​\n\n## Ecosystem Role & Partnerships\n\nMidas mF-ONE plays a pivotal role in the growing intersection between traditional financial markets and [decentralized finance](https://iq.wiki/wiki/defi) ecosystems. Its deployment on [Ethereum's](https://iq.wiki/wiki/ethereum) [blockchain](https://iq.wiki/wiki/blockchain) facilitates interaction with numerous DeFi platforms, thereby expanding access to institutional-grade investment products for a broader crypto audience. [\\[7\\]](#cite-id-uaBpwWNHYOfHlxLa)​\n\nKey partnerships with notable DeFi operators, including [Morpho](https://iq.wiki/wiki/morpho), enhance the product's integration within decentralized finance markets. The collaboration between Fasanara Capital and [Midas](https://iq.wiki/wiki/midas) exemplifies how traditional asset managers can innovate within the crypto space by leveraging [blockchain's](https://iq.wiki/wiki/blockchain) capabilities to optimize financial products. [\\[1\\]](#cite-id-cniAKPvVQ5XYhQPo)​\n\nIn addition, strategic collaboration with other institutional partners and protocols positions mF-ONE as a bridge between legacy financial systems and the emerging DeFi landscape, promoting broader adoption of tokenized financial products and encouraging interoperability within the [blockchain](https://iq.wiki/wiki/blockchain) ecosystem. [\\[2\\]](#cite-id-ZxYjI61oPwPreSMR)​","summary":"Midas mF-ONE is a tokenized certificate offering exposure to Fasanara Capital’s F-ONE strategy, a diversified private credit and digital asset fund, leveraging DeFi composability to integrate real-world credit returns into decentralized finance markets.","images":[{"id":"QmSdx3ix4jQcGmtGBUbpM1s8tqidmzLrhg2m4JPdJaUrTN","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptoassets","title":"cryptoassets"}],"tags":[{"id":"RWA"},{"id":"Ethereum"},{"id":"Token"}],"media":[{"id":"QmRNYDKWFpRfmk33QCZzu6D3subF1MC1bYbqJTr7KgwKsH","name":"Cópia de Design sem nome (9).png","caption":"","thumbnail":"QmRNYDKWFpRfmk33QCZzu6D3subF1MC1bYbqJTr7KgwKsH","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"cniAKPvVQ5XYhQPo\",\n    \"url\": \"https://coindesk.com/business/2025/06/27/tokenization-firm-midas-introduces-private-credit-product-with-fasanara-morpho-and-steakhouse\",\n    \"description\": \"Coindesk\",\n    \"timestamp\": 1785163488642\n  },\n  {\n    \"id\": \"ZxYjI61oPwPreSMR\",\n    \"url\": \"https://app.rwa.xyz/assets/mF-ONE\",\n    \"description\": \"RWA XYZ\",\n    \"timestamp\": 1785163488642\n  },\n  {\n    \"id\": \"faehQ6XxrJxUlge6\",\n    \"url\": \"https://kitchen.steakhouse.financial/p/midas-fasanara-mf-one-in-morpho-onchain\",\n    \"description\": \"Steakhouse Financial\",\n    \"timestamp\": 1785163488642\n  },\n  {\n    \"id\": \"5AJ6tlXrcScUbpTg\",\n    \"url\": \"https://www.coingecko.com/en/coins/midas-mf-one\",\n    \"description\": \"CoinGecko\",\n    \"timestamp\": 1785163488642\n  },\n  {\n    \"id\": \"FaeUkhzAO3ecsokm\",\n    \"url\": \"https://www.coinex.com/en/academy/wiki/5839-midas-mf-one-mf-one-definition-and-use-cases\",\n    \"description\": \"CoinEx Academy\",\n    \"timestamp\": 1785163488642\n  },\n  {\n    \"id\": \"LnAP2JUIKjf3eg1F\",\n    \"url\": \"https://midas.app/mfone\",\n    \"description\": \"Midas Application\",\n    \"timestamp\": 1785163488642\n  },\n  {\n    \"id\": \"uaBpwWNHYOfHlxLa\",\n    \"url\": \"https://www.holder.io/coins/mf-one/\",\n    \"description\": \"Holder.io\",\n    \"timestamp\": 1785163488642\n  }\n]"},{"id":"website","value":"https://midas.app/mfone"},{"id":"twitter_profile","value":"https://twitter.com/midasrwa"},{"id":"linkedin_profile","value":"https://linkedin.com/company/midasrwa"},{"id":"commit-message","value":"\"Added Midas mF-ONE wiki\""}],"events":[{"id":"d79ed581-59ab-4279-9348-3a3312464610","date":"2025-06-27","title":"Launch of Midas mF-ONE","type":"CREATED","description":"Midas introduces mF-ONE, a blockchain-native investment product, offering exposure to Fasanara's diversified fund.","link":"https://www.coindesk.com/business/2025/06/27/tokenization-firm-midas-introduces-private-credit-product-with-fasanara-morpho-and-steakhouse","continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":[],"speakers":[]}}