mHYPERETH, issued by Midas Software GmbH, is a tokenized fund that gives investors onchain exposure to Hyperithm ETH, expressed as a NAV per token that moves with the underlying portfolio's performance [S1].

The token tracks Hyperithm ETH (mHYPERETH) on a total-return basis, accruing value through changes in NAV rather than any peg or floor [S1]. Holders bear a management fee as a percentage of NAV and a performance fee on profits above a high-water mark, and instant redemption carries a fixed fee typically between twenty and one hundred basis points [S2].

Midas Software GmbH, a Berlin company incorporated under German law, issues each token as a Blockchain-based Certificate, a MiFID II debt instrument under a base prospectus approved by the Liechtenstein Financial Market Authority; the issuer is not itself licensed or regulated and approval is not an endorsement [S3][S4][S5]. Tokenholders hold a contractual claim against the issuer, not ownership of the underlying assets [S3]. Tokens are not offered to U.S. Persons, sanctioned parties, or restricted jurisdictions, and access requires KYC and AML verification, with some strategies limited to professional investors [S6]. Standard redemption settles after the next NAV update and instant redemption burns tokens for a stablecoin [S7].

The tokens are ERC-20 tokens issued natively across BNB Chain, Ethereum, Monad, Base, an Ethereum Layer 2, Plasma, Starknet, Katana Network, OP Mainnet, and Rootstock [S8][S9]. Deposits mint at current NAV instantly or at the next settlement [S7]. NAV equals total portfolio value divided by tokens outstanding and is published onchain through an Oracle Feed using Chainlink and Pyth [S1].

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  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://docs.midas.app/llms-full.txt" },
    { id: "S2", url: "https://docs.midas.app/resources/investment-risks" },
    { id: "S3", url: "https://docs.midas.app/resources/legal-structure" },
    { id: "S4", url: "https://docs.midas.app/tokens/mtbill" },
    { id: "S5", url: "https://docs.midas.app/resources/legal-documents/investment-disclaimer" },
    { id: "S6", url: "https://docs.midas.app/resources/eligibility-and-compliance" },
    { id: "S7", url: "https://docs.midas.app/liquidity/open-liquidity-architecture" },
    { id: "S8", url: "https://docs.midas.app/developers/smart-contract-addresses" },
    { id: "S9", url: "https://docs.midas.app/tokens/mbasis" },
  ]}
/>


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Midas

Midas Hyperithm ETH (mHYPERETH) is a tokenized fund share issued by Midas through Midas Software GmbH and managed by Hyperithm.

Each token is a direct claim on the issuer.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Midas after completing KYC.

Midas Software GmbH is incorporated in Germany and is offered under an EU-approved prospectus.

Holder terms are governed by the law of Germany.

mHYPERETH has been issued on Ethereum as an ERC-20 token since October 2025.

Midas Hyperithm ETHmHYPERETH

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