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RWABeat

Midas Fasanara ONE

Tokenized certificate giving indirect exposure to Fasanara Capital's F-ONE strategy (fintech receivables, SME lending, real-estate credit and delta-neutral digital assets). Holders have no beneficial interest in the underlying, and the claims are subordinated. Midas uses one shared permissions contract across its tokens. A 48-hour timelock covers upgrades only; granting a mint or burn role is instant. The published signer policy (4 or more) does not match the 1-of-3 Safe onchain.

Private creditNon-US professional investors onlyOnchain dataIssued by Fasanara Capital · Platform Midas
Value
$66.1M
Stage
None
Below Stage 0: key facts not disclosed
Single-key powers
20
Single key holds critical power
Oracle age
3h 43m
On schedule
Used as DeFi collateral
$31.1M· 2 markets

42 sources cited on this page. Every public curated value must have one; schema validation fails the build otherwise.

Overview

  • access › investor type

    14 Oct 2026
    midas.app/mfone

    KYC'd eligible investors. The offering document is not public, so the exact legal category is not confirmed. Prohibited persons can be excluded at Midas's discretion. Unresolved: rwa.xyz (2026-10-24) also lists 'U.S. Accredited Investor' as eligible.

  • access › transfer restricted

    14 Oct 2026
    docs.midas.app/resources/smart-contracts-registry

    The token blocks only blacklisted addresses. Deposit and redemption vaults require the greenlist. Secondary transfers between non-blacklisted wallets are open.

  • value (AUM)

    29 Oct 2026
    defillama.com

    Onchain supply × price (tracked chains only)

FieldSourceNoteChecked
access › investor typemidas.app/mfoneKYC'd eligible investors. The offering document is not public, so the exact legal category is not confirmed. Prohibited persons can be excluded at Midas's discretion. Unresolved: rwa.xyz (2026-10-24) also lists 'U.S. Accredited Investor' as eligible.14 Oct 2026
access › transfer restricteddocs.midas.app/resources/smart-contracts-registryThe token blocks only blacklisted addresses. Deposit and redemption vaults require the greenlist. Secondary transfers between non-blacklisted wallets are open.14 Oct 2026
value (AUM)defillama.comOnchain supply × price (tracked chains only)29 Oct 2026

Underlying Asset

FieldSourceNoteChecked
underlying › track recordapp.rwa.xyz/assets/mF-ONEInception 2025-06-20. No loss event found.25 Oct 2026

Legal Claim

FieldSourceNoteChecked
legal › vehicle typemidas.app/mfoneSummarized by findas.org from Midas docs. Holders have no legal or beneficial interest in the underlying assets.14 Oct 2026
legal › jurisdictionmidas.app/mfone—14 Oct 2026
legal › leiapi.gleif.org/api/v1/lei-records/984500BB00BN6D2B7C48GLEIF ISSUED record for Midas Software GmbH, Germany. This is the issuer entity, not a separate fund vehicle.14 Oct 2026
legal › insolvencyfindas.org/tokenomics-review/the-tokenomics-of-midas-mf-one-mf-one—24 Oct 2026

Counterparties

FieldSourceNoteChecked
counterparties › affiliatedapp.rwa.xyz/assets/mF-ONENo providers are named.25 Oct 2026
counterparties › settlement railsetherscan.io/address/0x44b0440e35c596e858cEA433D0d82F5a985fD19CUSDC vaults; fiat redemption with an extra 0.1% fee.14 Oct 2026
counterparties › operatorsapp.rwa.xyz/assets/mF-ONE—25 Oct 2026
counterparties › operatorsdocs.midas.app/transparency/oracle-architecture—25 Oct 2026
counterparties › dependenciesfindas.org/tokenomics-review/the-tokenomics-of-midas-mf-one-mf-one—25 Oct 2026

Control

FieldSourceNoteChecked
control › auditsdocs.midas.app/resources/auditsLatest of the Midas audits (Sherlock, Halborn, Hacken, Côme Du Crest).25 Oct 2026
control › bug bountycantina.xyz/bounties/d77405e5-99ce-4ba5-846c-885820b030e1Started 2026-03-23; also on Sherlock.25 Oct 2026
control › powers documenteddocs.midas.app/resources/auditsMidas docs describe the minter, burner, pauser and token-management roles.25 Oct 2026
control › chainsdocs.midas.app/resources/smart-contracts-registryThe registry lists mF-ONE on Ethereum only.25 Oct 2026
MidasAccessControl contractetherscan.io/address/0x0312A9D1Ff2372DDEdCBB21e4B6389aFc919aC4BRead at block 2619012214 Oct 2026
mFONE contractetherscan.io/address/0x238a700eD6165261Cf8b2e544ba797BC11e466BaRead at block 2619012214 Oct 2026
MFOneRedemptionVaultWithSwapper contractetherscan.io/address/0x375ea756418fe30Eea21E1189104974c185aBB48Read at block 2619012214 Oct 2026
MFOneDepositVault contractetherscan.io/address/0x41438435c20B1C2f1fcA702d387889F346A0C3DERead at block 2619012214 Oct 2026
MFOneRedemptionVaultWithMToken contractetherscan.io/address/0x44b0440e35c596e858cEA433D0d82F5a985fD19CRead at block 2619012214 Oct 2026
MFOneCustomAggregatorFeed contractetherscan.io/address/0x8D51DBC85cEef637c97D02bdaAbb5E274850e68CRead at block 2619012214 Oct 2026

Transparency

FieldSourceNoteChecked
freshness classfindas.org/tokenomics-review/the-tokenomics-of-midas-mf-one-mf-oneFasanara's F-ONE strategy: fintech receivables, SME lending, real-estate credit, delta-neutral digital strategies.25 Oct 2026
transparency › reportsdocs.midas.app/transparency/the-midas-attestation-engineFasanara's NAV email is notarized with vlayer and checked by LlamaRisk and Canary; 100 reports since launch, latest 2026-10-09.25 Oct 2026

Pricing

  • pricing › reference

    14 Oct 2026
    docs.midas.app/transparency/oracle-architecture

    CustomAggregatorFeed mF-ONE/USD, 8 decimals. setRoundDataSafe caps each update at 0.4% and waits at least an hour. setRoundData, held by the same wallet, skips the cap. The vault DataFeed 0xcf4e49f5e750af8f2f9aa1642b68e5839d9c1c00 accepts the answer for 30 days and bounds it between 0.90 and 1.23. Docs say two co-signers review updates offchain; the onchain writer is one wallet. Morpho does not read this feed directly. Its oracle uses CustomAggregatorV3CompatibleFeedDiscounted 0x4386307a07C4de7Ba11B4F4ec3e1f37BBE95dC99, whose underlyingFeed is this contract, with a 7.7% discount.

  • pricing › staleness detectable

    25 Oct 2026
    etherscan.io/address/0x8D51DBC85cEef637c97D02bdaAbb5E274850e68C

    CustomAggregatorFeed returns updatedAt.

  • pricing › loss recognition

    25 Oct 2026
    docs.midas.app/transparency/oracle-architecture

    Roughly daily NAV updates on business days.

FieldSourceNoteChecked
pricing › referencedocs.midas.app/transparency/oracle-architectureCustomAggregatorFeed mF-ONE/USD, 8 decimals. setRoundDataSafe caps each update at 0.4% and waits at least an hour. setRoundData, held by the same wallet, skips the cap. The vault DataFeed 0xcf4e49f5e750af8f2f9aa1642b68e5839d9c1c00 accepts the answer for 30 days and bounds it between 0.90 and 1.23. Docs say two co-signers review updates offchain; the onchain writer is one wallet. Morpho does not read this feed directly. Its oracle uses CustomAggregatorV3CompatibleFeedDiscounted 0x4386307a07C4de7Ba11B4F4ec3e1f37BBE95dC99, whose underlyingFeed is this contract, with a 7.7% discount.14 Oct 2026
pricing › staleness detectableetherscan.io/address/0x8D51DBC85cEef637c97D02bdaAbb5E274850e68CCustomAggregatorFeed returns updatedAt.25 Oct 2026
pricing › loss recognitiondocs.midas.app/transparency/oracle-architectureRoughly daily NAV updates on business days.25 Oct 2026

Exit

FieldSourceNoteChecked
exit › redemption › availableapp.rwa.xyz/assets/mF-ONEStandard redemption on vault 0x44b0440e35c596e858cEA433D0d82F5a985fD19C is fee-free after the next NAV. rwa.xyz says 2 business days. midas.app says 1–7 business days.14 Oct 2026
exit › redemption › who can redeemdocs.midas.app/resources/smart-contracts-registryRedemption vault greenlistEnabled is true. The token itself is transferable without the greenlist.14 Oct 2026
exit › redemption › settlementapp.rwa.xyz/assets/mF-ONEStandard path is T+2 or longer. Instant redemption is separate. Unresolved: The Block's launch coverage (2025-06-27) describes a quarterly liquidity framework alongside instant redemption; the offering terms were not available to confirm which applies.14 Oct 2026
exit › dealingapp.rwa.xyz/assets/mF-ONEInstant redemption (1% fee); standard fee-free redemption in 2 business days (1 to 7 per Midas).25 Oct 2026
exit › notice daysapp.rwa.xyz/assets/mF-ONE—25 Oct 2026
exit › lockup daysapp.rwa.xyz/assets/mF-ONEInstant redemption is available; no lock-up stated.25 Oct 2026
exit › minimum usdapp.rwa.xyz/assets/mF-ONE—25 Oct 2026
exit › fee bpsapp.rwa.xyz/assets/mF-ONEStandard redemption is fee-free; instant costs 1%.25 Oct 2026
exit › liquidatorsdocs.midas.app/resources/smart-contracts-registryThe token only blocks blacklisted addresses. Morpho holds 47% of supply as collateral.25 Oct 2026
exit › instant › daily cap usdetherscan.io/address/0x44b0440e35c596e858cEA433D0d82F5a985fD19CDaily limit 30,000,000 mF-ONE at a 1.1296 NAV.14 Oct 2026
exit › instant › funded usdetherscan.io/address/0x569D7dccBF6923350521ecBC28A555A500c4f0Ec6,028,048.85 mTBILL held by the mTBILL redemption vault (2026-10-14), at $1.076 per mTBILL (CoinGecko, 2026-10-25).25 Oct 2026
top holderseth.blockscout.com/token/0x238a700eD6165261Cf8b2e544ba797BC11e466Ba?tab=holdersTop 10 wallets on Ethereum25 Oct 2026
DEX sell quoteskyberswap.com$1M, $5M and $10M sells into USDC, against NAV25 Oct 2026

DeFi exposure

  • lending markets

    29 Oct 2026
    app.morpho.org

    Morpho API, Aave pools onchain

FieldSourceNoteChecked
lending marketsapp.morpho.orgMorpho API, Aave pools onchain29 Oct 2026