How to Explore Tokenized Bonds and Private Credit
Invest in tokenized government bonds, corporate bonds, and private credit pools for fixed-income yield on-chain.
Bonds and private credit pay more than treasuries because they carry more risk — the borrower can default, and private credit is typically illiquid until maturity. The risk labels on these products are the most important thing on the page, and a higher yield is a description of risk, not extra return for free.
Before you start
- Identity verification and jurisdictional eligibility for the product.
- The disclosure read, including what happens if the underlying borrower defaults.
- Money you can leave alone for the full term.
Navigate to Bonds and Credit
Open the RWA section and select Bonds or Private Credit. These pages list all available fixed-income products tokenized on Midas, including government bonds, investment-grade corporate bonds, and institutional lending pools.
Compare Products
Each product displays: the issuer, credit rating (if applicable), coupon rate, maturity date, minimum investment, and current yield-to-maturity. Use filters to sort by yield, risk level, maturity, or asset class.
Understand Risk Levels
Government bonds from major economies are considered lower risk. Corporate bonds carry credit risk depending on the issuer's financial health. Private credit pools involve lending to businesses and carry higher risk but potentially higher returns. Diversifying across risk levels is generally recommended.
Invest in a Bond Product
Select a product and enter your investment amount. Review the expected yield, coupon payment schedule, and maturity terms. Confirm the purchase. Bond tokens are issued to your wallet and coupon payments are distributed on-chain at the scheduled intervals.
Important Disclosures
Bond and credit investments carry credit risk, interest rate risk, and liquidity risk. Returns are not guaranteed. Default events may result in loss of principal. Past performance does not guarantee future results. This is not investment advice.
If something goes wrong
- You cannot exit before maturity.
- That is normal for private credit. Liquidity terms are stated up front and cannot be changed afterwards.
- A payment arrived later than scheduled.
- Distributions follow the underlying borrower's schedule. Persistent delay is credit information worth acting on.
- The yield quoted differs from what you receive.
- Quoted yield is annualised and gross of any product fee. The disclosure sets out both, and the difference is neither an error nor a deduction taken quietly.
Frequently asked questions
- Why is the yield higher than treasuries?
- Credit risk and illiquidity. You are being paid for the chance of not being repaid and for not being able to leave.
- What happens if the borrower defaults?
- Recovery follows the legal structure in the disclosure, which may mean partial or no repayment. Read it before subscribing.
- Is this suitable for a first RWA position?
- Most people start with the shortest-dated, most liquid product and work outwards as they understand the structure.
- Can I hold these alongside crypto in the same account?
- Yes, and the portfolio view values them together — though they behave nothing alike, and reading them as one line can flatter or hide either side.