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

JSON

Value

$66.1M

Stage

None

Below Stage 0: key facts not disclosed

Single-key powers

Single key holds critical power

Oracle age

14h 6m

On schedule

Used as DeFi collateral

$31.1M· 2 markets

Exit

How fast can a holder, or a liquidator, get out?

Unverified · at least yellow

The terms for suspending redemptions aren't public.

The terms for suspending redemptions aren't public.
Any daily redemption cap isn't public.
Only allowlisted holders can redeem.
Redemption settles at T+2.
Any liquidator can hold the token.
Instant redemption can pay out $6.5M today.

Midas instant redemption (paid via mTBILL): $6.5M available, $33.9M/day cap, 1% fee.
Top 10 wallets hold 97.8% of supply on ethereum.

Redemption with the issuer

Redemption available: Yes
Who can redeem: Whitelisted holders
Dealing: Any time
Settlement: T+2
Notice period: None
Lock-up: None
Gates or suspension: Not public · searched 14 Oct 2026 · The vault admin can pause any vault function and the token pauser can freeze transfers. The legal suspension wording is not public. Docs say pauses are multisig-authorised; onchain, a single wallet holds the pause role. Help us find it
Daily cap: Not public · searched 25 Oct 2026 · Legal suspension wording isn't public. Help us find it
Minimum: $0.00
Fee: 0%

Liquidators

In a lending market, the real exit window is how fast a liquidator can get out.

Can hold the token: Anyone

Holder concentration

The top 10 wallets on Ethereum hold 97.8% of supply (31 holders).

Morpho0xBBBB…FFCb47.01%
0x9Db5…fe2d45.20%
0xfC43…6B491.32%
0x9475…59541.31%
0x0e19…667a0.72%

Instant exits

Ways out that don't wait for redemption. Real liquidity means $5.0M out at once.

Instant redemption facilities

Facility	Contract	Daily cap	Can pay now	Fee
Midas instant redemption (paid via mTBILL)	0x44b0…D19C	$33.9M	$6.5M	1%

Selling on DEXs into USDC

Sell	You get	Loss against NAV
$1.0M	$3.3K	99.67% (dust pools only)
$5.0M	$3.4K	99.93% (dust pools only)
$10.0M	$3.5K	99.97% (dust pools only)

Quoted 25 Oct 2026, 09:16 UTC at NAV $1.13, via KyberSwap.