Convert Function FBTC to Midas mBASIS MBASIS

Function is building the financial infrastructure that makes Bitcoin productive, unlocking yield, liquidity, and capital efficiency for holders across DeFi and traditional finance. FBTC turns Bitcoin into an asset that works. FBTC represents the first omnichain Bitcoin yield asset, enabling BTC holders to participate in structured, risk-managed and programmatic yield strategies. FBTC is fully backed on a 1:1 basis with BTC, Bitcoin Reserve Address List is public and can be verified at any time. FBTC combines the security of Bitcoin reserves with the flexibility of smart contracts, creating a secure and efficient bridge between the Bitcoin network and modern DeFi protocols. FBTC turns idle BTC into a functional and productive asset. The primary purpose of FBTC is to bring native Bitcoin liquidity into DeFi. Enabling Bitcoin holders to access a wide range of yield generating strategies, without having to sell their BTC. This not only enhances the utility of BTC but also allows holders to earn returns on their assets, making FBTC a powerful tool for maximizing the potential of Bitcoin in the DeFi ecosystem

At Midas, we believe investing should be as open, accessible, and transparent as the internet itself. Our mission is to pioneer internet native investing, bringing investment-grade assets to the open web. By leveraging blockchain technology, we remove the traditional barriers that have long restricted access to high-quality financial products, making them available to everyone. Midas is built for the decentralized future, where secure and compliant investment opportunities are available with just a click—open, permissionless, and built for the web.