Real World Assets
Tokenized Bonds Fixed Income, Reimagined
Browse tokenized government and corporate bonds on Midas. Coupons, ratings and redemption are set by each issuer.
Bond Categories
Types of Bond Tokens
Bond tokens fall into a few broad types. Each issuer states what its token holds.
Government Bonds
Debt issued by national governments, tokenized by an issuer.
Corporate Bonds
Investment-grade and high-yield corporate bonds, tokenized. Each issuer states the bond's terms and its rating.
Municipal Bonds
Debt issued by state and local governments. Its tax treatment depends on the bond and on where you live.
Green Bonds
Bonds that their issuers label as green or ESG, issued to fund projects such as renewable energy.
Mechanics
How Bond Tokens Work
How coupons, trading, ratings and maturity work for bond tokens.
Coupon Payments
Where a bond token pays coupons, the issuer distributes them on its terms. See the issuer's documentation.
Secondary Market
A bond token marked tradable on Midas can be sold 24/7 on its order book whenever there is a buyer, without waiting for maturity.
Credit Ratings
Where a bond has a credit rating, the issuer states it and the agency that gave it. Midas does not rate bonds.
Maturity Tracking
Each bond token matures on the date its issuer states. See the issuer's documentation.
Fixed Income, Now On-Chain
Browse tokenized bonds on Midas. Coupons are paid on each issuer's terms.