Venture funds have become more selective and reduced the number of deals in the crypto industry. This was stated in an interview with DL News by Sami Start, the founder of the infrastructure provider Transak. Read more.
According to him, attracting capital has become significantly more challenging compared to the previous bull cycle. Amid a general market downturn, investors are directing funds towards companies developing stablecoin infrastructure and payment networks. Funds are seeking projects whose work is directly connected to the real economy and traditional finance.
“Abstract ideas no longer attract capital. The focus has shifted to having real users, regulatory compliance, and product integration into existing financial flows,” noted Start.
Midas Raises $50 Million
Despite stringent selection criteria, the on-chain product investment platform Midas closed a Series A funding round of $50 million. The lead investors were RRE Ventures and Creandum.
— Midas (@MidasRWA) March 30, 2026
Coinbase Ventures, Franklin Templeton, Framework Ventures, GSR, Ledger Cathay, and other institutional and venture sector representatives also participated in the fundraising.
Alongside the investment announcement, the team introduced the Midas Staked Liquidity (MSL) protocol. This tool provides instant liquidity for on-chain assets, eliminating settlement delays and reducing counterparty risks.
To enhance sector transparency, developers launched the Midas Attestation Engine. It continuously generates cryptographic Proof-of-Reserve and updates asset values directly on the blockchain. Investors or third-party smart contracts can independently verify the platform’s token (mTokens) backing at any time.
The project will use the raised capital to expand its asset lineup. Midas plans to implement reinsurance-based strategies, accounts receivable, and launch tokenized stocks. The team is also working on direct integration of functionality into Ledger hardware wallets to attract new liquidity.
According to Vik Singh, General Partner at RRE Ventures, Midas’s infrastructure is in demand as tokenization fundamentally changes capital markets amid the transition of traditional finance to blockchain. Midas CEO Dennis Dinkelmeyer added that the company’s goal is to make investing as open and composable an element as the internet itself.
Earlier in March, Bloomberg journalists reported that the prediction platform Kalshi raised over $1 billion in a new funding round, increasing its valuation to $22 billion.