Midas and Fasanara Launch mGLOBAL on Aave to Unlock On-Chain Private Credit Liquidity
RWA Signal Insight
Private CreditMidas and Fasanara Capital launched mGLOBAL on June 24, a tokenized private credit product integrated into the Aave decentralized lending protocol. This integration allows institutional and Web3 investors to use asset-backed corporate receivables as collateral to borrow stablecoins. The underlying portfolio, managed by Fasanara Capital, includes short-duration trade receivables and digital supply-chain invoices across 60 countries, supported by over 700,000 active positions. With $40 million in initial Total Value Locked, the vehicle brings institutional-grade private credit into the $24 billion Aave ecosystem. This development marks a shift for decentralized finance, moving away from volatile crypto-native collateral toward stable, real-world transactional commerce. By enabling the leveraging of traditional yield-bearing assets on-chain, the partnership optimizes capital efficiency for corporate treasuries. This collaboration between Midas and Fasanara demonstrates the growing maturity of the RWA sector as it bridges traditional asset management with automated, on-chain liquidity protocols.
Key points
- Midas launched mGLOBAL on Aave with $40 million in initial TVL.
- Fasanara Capital manages the underlying portfolio of global trade receivables and invoices.
- The portfolio utilizes over 700,000 active positions across 60 sovereign countries.
- Midas has orchestrated over $2 billion in total digital asset issuance to date.
Background
Aave is a leading decentralized finance protocol that enables users to lend and borrow various cryptocurrencies through automated smart contracts. Fasanara Capital is a technology-driven global asset manager that specializes in private credit and trade finance, managing over $6 billion in assets for institutional clients. Midas is a digital asset tokenization platform that engineers compliant security tokens to bridge traditional financial assets with blockchain-based liquidity.