Tokenization platform Midas raises $50M

Asset tokenization platform Midas has raised $50 million in a Series A funding round, CoinDesk reported. The round was led by RRE and Creandum, with participation from Franklin Templeton, Coinbase Ventures, and Framework Ventures. Midas is developing a solution to address delays in redeeming tokenized assets. The funds will be used to expand its infrastructure and increase liquidity.