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 disclosedSingle-key powers
20
Single key holds critical powerOracle age
14h 6m
On scheduleUsed 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
| Field | Source | Note | Checked |
|---|---|---|---|
| access › investor type | 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. | 14 Oct 2026 |
| access › transfer restricted | 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. | 14 Oct 2026 |
| value (AUM) | defillama.com | Onchain supply × price (tracked chains only) | 29 Oct 2026 |
Underlying Asset
| Field | Source | Note | Checked |
|---|---|---|---|
| underlying › track record | app.rwa.xyz/assets/mF-ONE | Inception 2025-06-20. No loss event found. | 25 Oct 2026 |
Legal Claim
| Field | Source | Note | Checked |
|---|---|---|---|
| legal › vehicle type | midas.app/mfone | Summarized by findas.org from Midas docs. Holders have no legal or beneficial interest in the underlying assets. | 14 Oct 2026 |
| legal › jurisdiction | midas.app/mfone | — | 14 Oct 2026 |
| legal › lei | api.gleif.org/api/v1/lei-records/984500BB00BN6D2B7C48 | GLEIF ISSUED record for Midas Software GmbH, Germany. This is the issuer entity, not a separate fund vehicle. | 14 Oct 2026 |
| legal › insolvency | www.findas.org/tokenomics-review/the-tokenomics-of-midas-mf-one-mf-one | — | 24 Oct 2026 |
Counterparties
| Field | Source | Note | Checked |
|---|---|---|---|
| counterparties › affiliated | app.rwa.xyz/assets/mF-ONE | No providers are named. | 25 Oct 2026 |
| counterparties › settlement rails | etherscan.io/address/0x44b0440e35c596e858cEA433D0d82F5a985fD19C | USDC vaults; fiat redemption with an extra 0.1% fee. | 14 Oct 2026 |
| counterparties › operators | app.rwa.xyz/assets/mF-ONE | — | 25 Oct 2026 |
| counterparties › operators | docs.midas.app/transparency/oracle-architecture | — | 25 Oct 2026 |
| counterparties › dependencies | www.findas.org/tokenomics-review/the-tokenomics-of-midas-mf-one-mf-one | — | 25 Oct 2026 |
Control
| Field | Source | Note | Checked |
|---|---|---|---|
| control › audits | docs.midas.app/resources/audits | Latest of the Midas audits (Sherlock, Halborn, Hacken, Côme Du Crest). | 25 Oct 2026 |
| control › bug bounty | cantina.xyz/bounties/d77405e5-99ce-4ba5-846c-885820b030e1 | Started 2026-03-23; also on Sherlock. | 25 Oct 2026 |
| control › powers documented | docs.midas.app/resources/audits | Midas docs describe the minter, burner, pauser and token-management roles. | 25 Oct 2026 |
| control › chains | docs.midas.app/resources/smart-contracts-registry | The registry lists mF-ONE on Ethereum only. | 25 Oct 2026 |
| MidasAccessControl contract | etherscan.io/address/0x0312A9D1Ff2372DDEdCBB21e4B6389aFc919aC4B | Read at block 26190122 | 14 Oct 2026 |
| mFONE contract | etherscan.io/address/0x238a700eD6165261Cf8b2e544ba797BC11e466Ba | Read at block 26190122 | 14 Oct 2026 |
| MFOneRedemptionVaultWithSwapper contract | etherscan.io/address/0x375ea756418fe30Eea21E1189104974c185aBB48 | Read at block 26190122 | 14 Oct 2026 |
| MFOneDepositVault contract | etherscan.io/address/0x41438435c20B1C2f1fcA702d387889F346A0C3DE | Read at block 26190122 | 14 Oct 2026 |
| MFOneRedemptionVaultWithMToken contract | etherscan.io/address/0x44b0440e35c596e858cEA433D0d82F5a985fD19C | Read at block 26190122 | 14 Oct 2026 |
| MFOneCustomAggregatorFeed contract | etherscan.io/address/0x8D51DBC85cEef637c97D02bdaAbb5E274850e68C | Read at block 26190122 | 14 Oct 2026 |
Transparency
| Field | Source | Note | Checked |
|---|---|---|---|
| freshness class | www.findas.org/tokenomics-review/the-tokenomics-of-midas-mf-one-mf-one | Fasanara's F-ONE strategy: fintech receivables, SME lending, real-estate credit, delta-neutral digital strategies. | 25 Oct 2026 |
| transparency › reports | docs.midas.app/transparency/the-midas-attestation-engine | Fasanara'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
| Field | Source | Note | Checked |
|---|---|---|---|
| pricing › reference | 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. | 14 Oct 2026 |
| pricing › staleness detectable | etherscan.io/address/0x8D51DBC85cEef637c97D02bdaAbb5E274850e68C | CustomAggregatorFeed returns updatedAt. | 25 Oct 2026 |
| pricing › loss recognition | docs.midas.app/transparency/oracle-architecture | Roughly daily NAV updates on business days. | 25 Oct 2026 |
Exit
| Field | Source | Note | Checked |
|---|---|---|---|
| exit › redemption › available | app.rwa.xyz/assets/mF-ONE | Standard 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 redeem | docs.midas.app/resources/smart-contracts-registry | Redemption vault greenlistEnabled is true. The token itself is transferable without the greenlist. | 14 Oct 2026 |
| exit › redemption › settlement | app.rwa.xyz/assets/mF-ONE | Standard 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 › dealing | app.rwa.xyz/assets/mF-ONE | Instant redemption (1% fee); standard fee-free redemption in 2 business days (1 to 7 per Midas). | 25 Oct 2026 |
| exit › notice days | app.rwa.xyz/assets/mF-ONE | — | 25 Oct 2026 |
| exit › lockup days | app.rwa.xyz/assets/mF-ONE | Instant redemption is available; no lock-up stated. | 25 Oct 2026 |
| exit › minimum usd | app.rwa.xyz/assets/mF-ONE | — | 25 Oct 2026 |
| exit › fee bps | app.rwa.xyz/assets/mF-ONE | Standard redemption is fee-free; instant costs 1%. | 25 Oct 2026 |
| exit › liquidators | docs.midas.app/resources/smart-contracts-registry | The token only blocks blacklisted addresses. Morpho holds 47% of supply as collateral. | 25 Oct 2026 |
| exit › instant › daily cap usd | etherscan.io/address/0x44b0440e35c596e858cEA433D0d82F5a985fD19C | Daily limit 30,000,000 mF-ONE at a 1.1296 NAV. | 14 Oct 2026 |
| exit › instant › funded usd | etherscan.io/address/0x569D7dccBF6923350521ecBC28A555A500c4f0Ec | 6,028,048.85 mTBILL held by the mTBILL redemption vault (2026-10-14), at $1.076 per mTBILL (CoinGecko, 2026-10-25). | 25 Oct 2026 |
| top holders | eth.blockscout.com/token/0x238a700eD6165261Cf8b2e544ba797BC11e466Ba?tab=holders | Top 10 wallets on Ethereum | 25 Oct 2026 |
| DEX sell quotes | kyberswap.com | $1M, $5M and $10M sells into USDC, against NAV | 25 Oct 2026 |
DeFi exposure
| Field | Source | Note | Checked |
|---|---|---|---|
| lending markets | app.morpho.org | Morpho API, Aave pools onchain | 29 Oct 2026 |