🪟Independent Reporting

Independent Reporting

Transparency and accountability are core values at Midas. To ensure that the assets backing mTBILL are properly managed and aligned with investor expectations, we engage a third-party verification agent to provide independent reporting on a daily basis.

How Independent Reporting Works

Midas has partnered with a regulated third-party security agent to provide continuous monitoring and verification of the collateral backing mTBILL. This includes:

• Daily Attestations: The security agents conducts daily attestation of the net asset value (NAV) of the collateral asset. These daily reports are publicly accessible, offering full transparency to investors about the status of the assets.

• Independent Monitoring: The third-party agent has read-only access to all collateral accounts, ensuring real-time monitoring of the assets. This ongoing oversight helps guarantee that investor funds remain secure and that the assets backing mTBILL are properly managed.

• Verification of Asset Eligibility: The security agent conducts daily verifications to ensure that the collateral meets Midas’s eligibility criteria, which includes U.S. Treasury Bills and other high-quality, low-risk assets. This process ensures that only eligible, stable assets back mTBILL, protecting the interests of tokenholders.

Benefits for Investors

• Full Transparency: Daily independent attestations provide investors with continuous visibility of the net asset value of the collateral assets backing mTBILL.

• Enhanced Trust: By using an independent third party to verify the collateral, Midas ensures that the information provided to investors is accurate, unbiased, and up-to-date.