ProductsEmerging· EU

mGLOBAL

Fasanara's alternative debt fund onchain. Trade receivables and SME invoices, the kind of unglamorous credit that actually needs better rails.

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Brief

Midas-tokenized version of Fasanara Capital's Global Diversified Alternative Debt Fund (trade receivables, SME invoice lending). ERC-20 liquid yield token, auto-compounding. ~$33.6M AUM (April 2026 inception). 0.40% management fee, no performance fee. Custody via Fordefi. Collateral accepted on Morpho. First asset live on Symbiotic Instant Liquidity.

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Recent activity

Latest moves on the changelog feed.

  • Jun 23, 2026WIRED

    mGLOBAL → Aave Horizon. Midas listed it as collateral on the Horizon RWA market. Qualified institutions can borrow USDC and RLUSD against it.

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Snapshot

Key terms and identifiers.

Asset value
$214.6M (Midas combined)
Fee
Not yet disclosed
Custodian
Maerki Baumann (likely)
Min investment
Not yet disclosed
Structure
German Electronic Securities Act certificate, Fasanara-managed
Chains
Ethereum, Monad, Plasma, Solana, Katana, Arbitrum, Hyperliquid, BNB Chain, Base, Celo, Etherlink, Flare, Plume, Rootstock, Mantle, Optimism, Linea, Sonic, Unichain, Avalanche, TAC, Ink, Sei, Berachain, 0G, Polygon, Sapphire, XRP Ledger, Scroll, Bitcoin, Sui
NAV frequency
Not yet disclosed
Investor type
Non-US (likely)
Spec type
fund
As of
2026-06
Asset classes
Private credit
Token standards
erc-20
Regulatory
mica
Jurisdiction
EU
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Milestones

How this player got here.

  1. Jun 2026mGLOBAL → Aave Horizon. Midas listed it as collateral on the Horizon RWA market. Qualified institutions can borrow USDC and RLUSD against it.
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Connections

Who they build with, build on, integrate with.