Eligibility file · note
Midas mTBILL
What the client owns
Issuer direct. The on-chain record is the securityholder file; the holder is the registered owner.
Who may hold it
Not offered to US persons. First purchase minimum not stated.
Who can freeze or claw back
Midas (the token contract is the noteholder register; no transfer agent): freeze · pause · clawback · mint · upgrade on Ethereum.
How it exits
Redeem with the issuer in its window. Instant redemption vault for eligible holders within its liquidity; standard redemption processed by the issuer at the published NAV. Settles in USDC.
Research and shelf status are on the memo: Midas (mTBILL / mBASIS / mBTC) Favorable research; shelf not set
Who may buy, hold, transfer, and redeem
The issuer’s own terms, restated. Where the documents say nothing, the row says so.
| Question | The issuer’s terms |
|---|---|
| US persons | Not permitted |
| Investor status | Not offered to US persons |
| Account types | individual, entity |
| First purchase minimum | Not stated |
| Who onboards the holder | issuer |
| Voting rights | None |
| Distributions | reinvested |
| SIPC coverage of the wallet | No |
Who can change the record
Powers read from the deployed contract and its verified source, not from marketing copy. A power recorded here is the issuer’s ability, not evidence it has been used.
| Chain | Allowlist | Freeze | Pause | Clawback | Mint authority | Upgradeable |
|---|---|---|---|---|---|---|
| Ethereum | No | Yes | Yes | Yes | Yes | |
| Base | No | Yes | Yes | Yes | Yes |
- onchain:0xdd629e5241cbc5919847783e6c96b2de4754e438#eip1967.implementation=0xd4998cc1ba435298c521f250b81856b1f25c8455@26036815 · read 2026-09-23
- onchain:0xdd629e5241cbc5919847783e6c96b2de4754e438#eip1967.admin=0xbf25b58cb8dfad688f7bcb2b87d71c23a6600aac@26036815 · read 2026-09-23
- onchain:0xdd629e5241cbc5919847783e6c96b2de4754e438#paused()=false@26036815 · read 2026-09-23
- abi:sourcify:1:0xd4998cc1ba435298c521f250b81856b1f25c8455#BLACKLISTED_ROLE · read 2026-09-23
- abi:sourcify:1:0xd4998cc1ba435298c521f250b81856b1f25c8455#pause · read 2026-09-23
- abi:sourcify:1:0xd4998cc1ba435298c521f250b81856b1f25c8455#burn · read 2026-09-23
- abi:sourcify:1:0xd4998cc1ba435298c521f250b81856b1f25c8455#mint · read 2026-09-23
- onchain:0xdd629e5241cbc5919847783e6c96b2de4754e438#eip1967.implementation=0xefed40d1eb1577d1073e9c4f277463486d39b084@51668244 · read 2026-09-23
- onchain:0xdd629e5241cbc5919847783e6c96b2de4754e438#eip1967.admin=0xbf25b58cb8dfad688f7bcb2b87d71c23a6600aac@51668244 · read 2026-09-23
- onchain:0xdd629e5241cbc5919847783e6c96b2de4754e438#paused()=false@51668244 · read 2026-09-23
- abi:sourcify:8453:0xefed40d1eb1577d1073e9c4f277463486d39b084#BLACKLISTED_ROLE · read 2026-09-23
- abi:sourcify:8453:0xefed40d1eb1577d1073e9c4f277463486d39b084#pause · read 2026-09-23
- abi:sourcify:8453:0xefed40d1eb1577d1073e9c4f277463486d39b084#burn · read 2026-09-23
- abi:sourcify:8453:0xefed40d1eb1577d1073e9c4f277463486d39b084#mint · read 2026-09-23
On-chain and ABI evidence
Where it trades
| Venue | Kind |
|---|---|
| Midas issuance and redemption | issuer primary |
| Permissionless ERC-20 transfer; issuer redemption still requires onboarding | dex |
No Tokenized Securities Venue lists this token. Secondary trading, if any, is outside the exemption.
How it exits
| Path | Cutoff | Settlement | Minimum | Fee | Settles in |
|---|---|---|---|---|---|
| Redeem with the issuer in its window | Instant redemption vault for eligible holders within its liquidity; standard redemption processed by the issuer at the published NAV | USDC |
- Midas offers mTBILL to U.S. persons or publishes a minimum subscription
- The proxy admin or implementation on Ethereum or Base changes, or a transfer allowlist is added
- A blacklist, pause, or burn is used against a holder, or the instant-redemption vault is drained
- Any collateral, custodian, or oracle change that is not disclosed for mTBILL specifically
Reopen conditions: events that change an answer above
What the monitor reads daily
Every control function in the table above, the token’s price against its stated NAV, and on-chain supply. A change reopens the file before any client action.
Sources
- Midas — mTBILL product page and U.S. disclaimer · primary · accessed 2026-08-14
Supports: not offered to U.S. persons, geo-blocked in the United States - Midas docs — prospectus and final terms · primary · accessed 2026-08-14
Supports: Liechtenstein FMA-approved prospectus, secured note - Midas docs — mTBILL · primary · accessed 2026-08-14
Supports: tracks sub-three-month Treasury bills, daily third-party verification - Midas docs — issuance and redemption · primary · accessed 2026-08-14
Supports: eligibility screening at issuance and redemption, instant and standard redemption - Midas docs — deployed contracts · primary · accessed 2026-08-14
Supports: mTBILL contract identity on Ethereum and Base, redemption vaults - Verified implementation on Ethereum (Sourcify) · primary · accessed 2026-09-23
Supports: BLACKLISTED_ROLE and blacklist operator, pause operator, burn from a holder address, mint operator role