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.
Risk rosette
Seven risks: the real asset, who you have to trust, and whether you can get out in time.
- Underlying AssetUnverified
What backs the token isn't published.
- Legal ClaimNot assessed
Not assessed yet. Bankruptcy remoteness, what the token legally is, and holder rights need a legal review.
- CounterpartiesRed
The custodian isn't disclosed.
- ControlRed
A single key can replace the contract code after a 2-day delay.
- TransparencyYellow
The data comes from the issuer itself, not an independent party.
- PricingRed
A single key types in the onchain price (manual pricing).
- ExitUnverified · at least yellow
The terms for suspending redemptions aren't public.
What can go wrong
Red findings first, then facts that aren't public, then yellow. 23 in total.
The custodian isn't disclosed.
CounterpartiesA single key can replace the contract code after a 2-day delay.
ControlA single key types in the onchain price (manual pricing).
PricingThe fund administrator isn't disclosed.
CounterpartiesA single key can create new tokens.
ControlWhat backs the token isn't published.
Underlying Asset
+17 more in the category tabs.
Legal Claim: not assessed yet. We don't yet judge bankruptcy remoteness or what the token legally gives holders. What we know →
Below Stage 0
The minimum disclosure for Stage 0 isn't there yet.
Stage 0 · Disclosed
- What the token holds is described publicly
- Issuer, custodian, administrator and auditor are named
- The legal structure is documented
- Smart contracts are verified onchain
Stage 1 · Protected
- Bankruptcy-remote structure · legal, not assessed yet
- Independent custodian and administrator
- Holdings independently verified, at a pace that fits the asset
- Admin powers held by a multisig, with a documented policy
- A documented redemption path
Stage 2 · Trust-minimized
- An independent trustee who can act for holders · legal, not assessed yet
- Holdings data that anyone can verify
- Admin changes behind a timelock, so holders can exit first
- An exit that works without the issuer's goodwill, and liquidators can hold the token
- Pricing from an independent source
Key facts
- Vehicle
- German exempt-offer tokenized certificate (debt instrument), qualified subordination
- Jurisdiction
- Germany
- LEI
- 984500BB00BN6D2B7C48 ✓ GLEIF
- Min. investment
- Not found · Deposit vault minMTokenAmountForFirstDeposit() returned 148000 (18-decimal raw units) at review. That is not a confirmed currency minimum. Fiat redemption minimum is 1,000. Help us find it
- Who can hold
- Non-US professional investors
- Rated as
- Private credit
- Token standard
- Custom
Service providers
- Custodian
- Not public · searched 25 Oct 2026 Help us find it
- Fund administrator
- Not public · searched 25 Oct 2026 Help us find it
- Auditor
- Not public · searched 25 Oct 2026 · The only auditor found (Ausborn & Partner) belongs to a different Midas product. Help us find it
- Transfer agent
- Not public · searched 14 Oct 2026 Help us find it
- Holdings reporting
- Midas Attestation Engine (Midas)
Deployments
EVM deployments we track, with the worst power found on each.