Tokenization Platform Midas Unveils mF-ONE to Track Fasanara’s Flagship Credit Fund
Midas, a protocol specializing in tokenized real-world assets, has launched mF-ONE, a blockchain-native investment certificate designed to track the performance of the F-ONE private credit fund managed by institutional asset manager Fasanara Capital.
This marks a major move in bringing institutional-grade private credit strategies on-chain, in collaboration with decentralized finance (DeFi) platforms Morpho and Steakhouse.
What is mF-ONE? A Tokenized Gateway to Institutional Credit
The newly introduced mF-ONE token reflects exposure to Fasanara’s F-ONE fund, which allocates capital across:
- Fintech-originated receivables
- SME (small-to-medium enterprise) lending
- Real estate-backed credit
- Delta-neutral digital strategies
By bringing this diversified exposure on-chain, Midas bridges traditional finance and decentralized ecosystems, offering qualified investors a compliant, yield-bearing product that maintains full transparency through tokenization.
Collateralization and Capital Efficiency via Morpho and Steakhouse
A key innovation lies in the integration with Morpho’s lending infrastructure, where investors can collateralize their mF-ONE holdings in a mF-ONE/USDC market.
This allows users to:
- Borrow USDC liquidity against mF-ONE
- Maintain exposure to private credit strategies
- Improve capital efficiency without liquidating assets
The USDC liquidity is sourced from vaults curated and risk-managed by Steakhouse, ensuring reliable and institutionally managed stablecoin access for DeFi users.
“This structure enables qualified investors to unlock value from private credit positions without exiting them — a major step toward decentralized asset utility,” said a representative close to the project.
Why It Matters: Merging Real-World Credit and DeFi Infrastructure
As tokenization of real-world assets (RWA) gains traction, the mF-ONE launch represents a powerful use case for on-chain credit products backed by verifiable off-chain income streams.
By leveraging partners like Fasanara for asset origination, and Morpho and Steakhouse for DeFi functionality, Midas delivers a compliant and modular solution for private credit market participation.
This initiative aligns with broader trends in DeFi institutionalization, where regulated yield-bearing instruments are being seamlessly integrated with blockchain infrastructure to unlock global liquidity.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

