Eligible Collateral

At Midas, the collateral backing mTBILL is composed of high-quality, low-risk assets to ensure stability and security for investors. The primary eligible collateral consists of short-duration U.S. Treasury Bills and funds that invest in U.S. Treasury Bills. These assets are chosen for their liquidity and credit quality, offering a predictable and stable return.

To maintain security and compliance, all eligible collateral is independently verified by a third-party security agent, ensuring that the assets meet strict criteria and are properly managed at all times.

Key Criteria for Eligible Collateral:

• U.S. Treasury Bills: The core asset backing mTBILL, known for their low risk and government backing.

• Funds & ETFs: Only those composed of U.S. Treasury Bills or equivalent, ensuring high liquidity and creditworthiness.

Daily Independent Verification: The security agent monitors and verifies that all assets meet the predefined criteria and provides independent attestations to ensure transparency and protection for the investors as outlined in Bankruptcy Remoteness.