Everstake, Midas, and Apollo Launch mEVUSD, a Regulatory-Compliant Tokenized Investment Strategy
RWA Signal Insight
Active StrategiesEverstake, Midas, and Apollo Crypto have launched mEVUSD, a regulatory-compliant, USDC-denominated tokenized investment strategy targeting institutional clients in the European Union and select jurisdictions. The product aims to provide market-neutral yields of 7%–12% annually by utilizing over-collateralized lending and basis trades on blue-chip DeFi protocols. By focusing on financing and interest rate spreads rather than directional crypto price movements, the strategy seeks to bridge the 'Yield Gap' for institutional treasuries and asset managers. This collaboration integrates Everstake’s infrastructure, Apollo Crypto’s risk management framework, and Midas’s regulated distribution rails to offer a secure entry point into DeFi. The launch addresses the growing institutional demand for tokenized assets, supported by data suggesting 76% of firms intend to invest in such products by 2026. By providing a transparent, audited, and delta-neutral pathway, the partners aim to align decentralized efficiency with traditional institutional standards. This development represents a significant step in professionalizing on-chain yield generation for non-crypto-native entities.
Key points
- mEVUSD targets 7%–12% annual yields through delta-neutral strategies for EU institutional clients.
- The strategy utilizes over-collateralized lending and basis trades on blue-chip DeFi protocols.
- Everstake, Midas, and Apollo Crypto provide the infrastructure, distribution, and risk management layers.
- The product excludes investors from the U.S., U.K., Canada, China, Australia, and Iran.
Background
Everstake is a non-custodial staking infrastructure provider supporting over $7 billion in assets across 130+ networks. Midas is an investment platform that enables access to on-chain strategies via regulatory-compliant mTokens, having previously powered over $1.7 billion in asset issuance. Apollo Crypto is a multi-strategy digital asset manager with an eight-year track record focusing on DeFi and RWA investments.