# Midas Fasanara ONE (mF-ONE)

<https://galactic.inc/analytics/mf-one/>

Data block: 26,238,003 (2026-10-21 02:32 UTC)

[Midas](https://midas.app/) · Private credit · Ethereum
- Price: $1.1311
- Market cap: $65.98M
- Supply: 58,328,987.15
- Holder addresses: 32
- Top 10 share: 97.6%
- Transfer volume (30d): $22.29M

Midas Fasanara ONE (mF-ONE) is a tokenized certificate providing tokenized exposure to Fasanara Capital’s diversified private credit and digital asset strategy. On Ethereum it has a supply of 58,328,987.15 tokens held by 32 addresses, for a market cap of $65.98M at block 26,238,003.

## Price sources

| Source | Value | Type | Estimated | Link | As of |
|---|---|---|---|---|---|
| Midas mF-ONE/USD | $1.1298 | On-chain read | No | [etherscan.io](https://etherscan.io/address/0x8d51dbc85ceef637c97d02bdaabb5e274850e68c) | 2026-10-21 |
| RWA.xyz | $1.1300 | Third party | No | [app.rwa.xyz](https://app.rwa.xyz/assets/mF-ONE) | 2026-10-21 |
| CoinGecko | $1.1300 | Third party | No | [coingecko.com](https://www.coingecko.com/en/coins/midas-mf-one) | 2026-10-21 |

## Backing

Retrieved: 2026-10-16

### Token supply vs reported

| Comparison | Token supply | Reported | Gap | Ratio |
|---|---|---|---|---|
| Ethereum market cap vs issuer-reported total value locked (all chains) | $65.98M | $65.93M | +$47.8K | 1.0007 |

### Token supply

| Ethereum, block 26,238,003 | mF-ONE |
|---|---|
| Tokens outstanding | 58,328,987.15 |
| Market cap (Ethereum) | $65.98M |

### Reported assets

| [Issuer report](https://midas.app/transparency) | Reported |
|---|---|
| Total value locked (issuer-reported, all chains) | [$65.93M](https://midas.app/transparency) |

## Key facts

- **Issuer:** [Midas](https://midas.app/)
- **Category:** Private credit
- **Chains:** Ethereum
- **Deployed:** 2025-05-08
- **Transfers (30d):** 61
- **Transfer volume (30d):** $22.29M
- **Data block:** [26,238,003](https://etherscan.io/block/26238003)

## Regulatory structure

As of 2026-10-17

- **US persons:** [Not permitted (per issuer)](https://docs.midas.app/legal/eligibility-and-compliance)

[Definitions and methodology](https://galactic.inc/analytics/mf-one/#regulatory-glossary)

## Contract control

| Holder | Roles | Type | Key use | Last rotated |
|---|---|---|---|---|
| **Ethereum** |  |  |  |  |
| [0xe3ee…1852](https://etherscan.io/address/0xe3eee3e0d2398799c884a47fc40c029c8e241852) | Upgrade admin | Timelock 48h | [Shared · 3 assets](https://galactic.inc/analytics/issuers/midas/#k-ethereum-0xe3eee3e0d2398799c884a47fc40c029c8e241852) | [2025-09-09](https://etherscan.io/tx/0x07a8b97d5466035d9ffb88cc594251850bc05fe30e5ed951d7f6f7ec23db54b9) (406 days ago)Rotations in past 24 months: 2 · Within 12 months: No |
| [0xb608…7e89](https://etherscan.io/address/0xb60842e9dabcd1c52e354ac30e82a97661cb7e89) | Timelock proposer | Multisig 1/3 | [Shared · 3 assets](https://galactic.inc/analytics/issuers/midas/#k-ethereum-0xb60842e9dabcd1c52e354ac30e82a97661cb7e89) | Signers: no onchain change recorded |

## Role history

| Role | Key | Type | Added | Days held | Granted by | Other assets |
|---|---|---|---|---|---|---|
| **Ethereum** |  |  |  |  |  |  |
| Upgrade admin | [0xbf25…0aac](https://etherscan.io/address/0xbf25b58cb8dfad688f7bcb2b87d71c23a6600aac) | Other contract | [2025-05-08](https://etherscan.io/tx/0x8764635d434b0f12edb4918ab7048440099fa144bc4c7bc9648bd7982a8c86bc) | 530 | [0xa081…facc](https://etherscan.io/address/0xa0819ae43115420beb161193b8d8ba64c9f9facc) | — |
| Owner | [0xe3ee…1852](https://etherscan.io/address/0xe3eee3e0d2398799c884a47fc40c029c8e241852) | Timelock | [2025-09-09](https://etherscan.io/tx/0x07a8b97d5466035d9ffb88cc594251850bc05fe30e5ed951d7f6f7ec23db54b9) | 406 | [0x8003…2e5f](https://etherscan.io/address/0x8003544d32ee074aa8a1fb72129fa8ef7fe02e5f) | [mGLO](https://galactic.inc/analytics/mglo/) · [mTBILL](https://galactic.inc/analytics/mtbill/) |
| Multisig signer 0xb608…7e89 | [0x8003…2e5f](https://etherscan.io/address/0x8003544d32ee074aa8a1fb72129fa8ef7fe02e5f) | Single key | [2025-05-05](https://etherscan.io/tx/0x082f0effa0c5711aed7e958dfe398f9ce038ffc7c8476fdee81b24aee0228a62) | 533 | [0xb608…7e89](https://etherscan.io/address/0xb60842e9dabcd1c52e354ac30e82a97661cb7e89) | — |
| Multisig signer 0xb608…7e89 | [0x82b3…0cb7](https://etherscan.io/address/0x82b30194beae06d991bc71850f949ec8cb7e0cb7) | Single key | [2025-05-05](https://etherscan.io/tx/0x761ca38e5153ac7043e4141b4d94fd5d9337f3d84382d72cc4b0783cfcd4cc2f) | 533 | [0x4e1d…ec67](https://etherscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| Multisig signer 0xb608…7e89 | [0xc50b…6880](https://etherscan.io/address/0xc50bd8430545c80a681c7cb33e6560fb0bd86880) | Single key | [2025-05-05](https://etherscan.io/tx/0x761ca38e5153ac7043e4141b4d94fd5d9337f3d84382d72cc4b0783cfcd4cc2f) | 533 | [0x4e1d…ec67](https://etherscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| Signing threshold 0xb608…7e89 | Threshold: 1 | — | [2025-05-05](https://etherscan.io/tx/0x761ca38e5153ac7043e4141b4d94fd5d9337f3d84382d72cc4b0783cfcd4cc2f) | 533 | [0x4e1d…ec67](https://etherscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| Timelock proposer 0xe3ee…1852 | [0xb608…7e89](https://etherscan.io/address/0xb60842e9dabcd1c52e354ac30e82a97661cb7e89) | Multisig | [2025-09-08](https://etherscan.io/tx/0x488a920aee6588657acefbb2ab9f78945bd2a1b89f3e640cbc588197787bae52) | 407 | [0xa081…facc](https://etherscan.io/address/0xa0819ae43115420beb161193b8d8ba64c9f9facc) | [mGLO](https://galactic.inc/analytics/mglo/) · [mTBILL](https://galactic.inc/analytics/mtbill/) |
| Timelock executor 0xe3ee…1852 | [0xb608…7e89](https://etherscan.io/address/0xb60842e9dabcd1c52e354ac30e82a97661cb7e89) | Multisig | [2025-09-08](https://etherscan.io/tx/0x488a920aee6588657acefbb2ab9f78945bd2a1b89f3e640cbc588197787bae52) | 407 | [0xa081…facc](https://etherscan.io/address/0xa0819ae43115420beb161193b8d8ba64c9f9facc) | [mGLO](https://galactic.inc/analytics/mglo/) · [mTBILL](https://galactic.inc/analytics/mtbill/) |

**Past holders (5)**

| Role | Key | Type | Added | Removed | Days held | Granted by | Other assets |
|---|---|---|---|---|---|---|---|
| **Ethereum** |  |  |  |  |  |  |  |
| Owner | [0xb608…7e89](https://etherscan.io/address/0xb60842e9dabcd1c52e354ac30e82a97661cb7e89) | Multisig | [2025-05-13](https://etherscan.io/tx/0x0f2cdf4cda051e003e8b3e8ec1361e2c0972f986523c570e8f1b7e6e3676fe0c) | [2025-09-09](https://etherscan.io/tx/0x07a8b97d5466035d9ffb88cc594251850bc05fe30e5ed951d7f6f7ec23db54b9) | 119 | [0x875c…bc6a](https://etherscan.io/address/0x875c06a295c41c27840b9c9dfda7f3d819d8bc6a) | [mGLO](https://galactic.inc/analytics/mglo/) · [mTBILL](https://galactic.inc/analytics/mtbill/) |
| Owner | [0x875c…bc6a](https://etherscan.io/address/0x875c06a295c41c27840b9c9dfda7f3d819d8bc6a) | Single key | [2024-02-08](https://etherscan.io/tx/0xc590d85f2f97bc7ea9e74ea61b8b1f9127c984873990f8639cca8848ca399134) | [2025-05-13](https://etherscan.io/tx/0x0f2cdf4cda051e003e8b3e8ec1361e2c0972f986523c570e8f1b7e6e3676fe0c) | 460 | [0xa081…facc](https://etherscan.io/address/0xa0819ae43115420beb161193b8d8ba64c9f9facc) | — |
| Owner | [0xa081…facc](https://etherscan.io/address/0xa0819ae43115420beb161193b8d8ba64c9f9facc) | Single key | [2023-12-01](https://etherscan.io/tx/0x75b0f2b0182c9a2b271ec2a22125bf8483f96ac8f1712bf5564fd35ac87088c1) | [2024-02-08](https://etherscan.io/tx/0xc590d85f2f97bc7ea9e74ea61b8b1f9127c984873990f8639cca8848ca399134) | 69 | [0xa081…facc](https://etherscan.io/address/0xa0819ae43115420beb161193b8d8ba64c9f9facc) | — |
| Multisig signer 0xb608…7e89 | [0x6455…3066](https://etherscan.io/address/0x64559a12dcd3754d1e04b1f78bbcc0365f6a3066) | Single key | [2025-05-05](https://etherscan.io/tx/0x761ca38e5153ac7043e4141b4d94fd5d9337f3d84382d72cc4b0783cfcd4cc2f) | [2025-05-06](https://etherscan.io/tx/0xba2516042439197a21ed160648ec31aebf5c354035cd21c79cc9adba16fe66ee) | 1 | [0x4e1d…ec67](https://etherscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| Multisig signer 0xb608…7e89 | [0x0229…85a1](https://etherscan.io/address/0x0229377d4874514720013e9e76e8bf430faf85a1) | Single key | [2025-05-05](https://etherscan.io/tx/0x761ca38e5153ac7043e4141b4d94fd5d9337f3d84382d72cc4b0783cfcd4cc2f) | [2025-05-05](https://etherscan.io/tx/0x082f0effa0c5711aed7e958dfe398f9ce038ffc7c8476fdee81b24aee0228a62) | 0 | [0x4e1d…ec67](https://etherscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |

## Change log

| Time (UTC) | Network | Event | Details | Transaction |
|---|---|---|---|---|
| 2025-09-09 11:07:23 | Ethereum | Ownership transferred | 0xb608…7e89 → 0xe3ee…1852 | [0x07a8…54b9](https://etherscan.io/tx/0x07a8b97d5466035d9ffb88cc594251850bc05fe30e5ed951d7f6f7ec23db54b9) |
| 2025-09-08 09:30:11 | Ethereum | Timelock delay changed | 0h → 48h | [0x488a…ae52](https://etherscan.io/tx/0x488a920aee6588657acefbb2ab9f78945bd2a1b89f3e640cbc588197787bae52) |
| 2025-09-08 09:30:11 | Ethereum | Role granted | EXECUTOR_ROLE · 0xb608…7e89 | [0x488a…ae52](https://etherscan.io/tx/0x488a920aee6588657acefbb2ab9f78945bd2a1b89f3e640cbc588197787bae52) |
| 2025-09-08 09:30:11 | Ethereum | Role granted | CANCELLER_ROLE · 0xb608…7e89 | [0x488a…ae52](https://etherscan.io/tx/0x488a920aee6588657acefbb2ab9f78945bd2a1b89f3e640cbc588197787bae52) |
| 2025-09-08 09:30:11 | Ethereum | Role granted | PROPOSER_ROLE · 0xb608…7e89 | [0x488a…ae52](https://etherscan.io/tx/0x488a920aee6588657acefbb2ab9f78945bd2a1b89f3e640cbc588197787bae52) |
| 2025-09-08 09:30:11 | Ethereum | Role granted | TIMELOCK_ADMIN_ROLE · 0xe3ee…1852 | [0x488a…ae52](https://etherscan.io/tx/0x488a920aee6588657acefbb2ab9f78945bd2a1b89f3e640cbc588197787bae52) |
| 2025-05-13 20:48:23 | Ethereum | Ownership transferred | 0x875c…bc6a → 0xb608…7e89 | [0x0f2c…fe0c](https://etherscan.io/tx/0x0f2cdf4cda051e003e8b3e8ec1361e2c0972f986523c570e8f1b7e6e3676fe0c) |
| 2025-05-08 09:27:23 | Ethereum | Proxy admin changed | 0x0000…0000 → 0xbf25…0aac | [0x8764…86bc](https://etherscan.io/tx/0x8764635d434b0f12edb4918ab7048440099fa144bc4c7bc9648bd7982a8c86bc) |
| 2025-05-08 09:27:23 | Ethereum | Implementation upgraded | 0x32fb…06e2 | [0x8764…86bc](https://etherscan.io/tx/0x8764635d434b0f12edb4918ab7048440099fa144bc4c7bc9648bd7982a8c86bc) |
| 2025-05-06 19:32:11 | Ethereum | Signer removed | 0x6455…3066 | [0xba25…66ee](https://etherscan.io/tx/0xba2516042439197a21ed160648ec31aebf5c354035cd21c79cc9adba16fe66ee) |

**Show 5 earlier events**

| Time (UTC) | Network | Event | Details | Transaction |
|---|---|---|---|---|
| 2025-05-05 21:06:23 | Ethereum | Signer added | 0x8003…2e5f | [0x082f…8a62](https://etherscan.io/tx/0x082f0effa0c5711aed7e958dfe398f9ce038ffc7c8476fdee81b24aee0228a62) |
| 2025-05-05 21:06:23 | Ethereum | Signer removed | 0x0229…85a1 | [0x082f…8a62](https://etherscan.io/tx/0x082f0effa0c5711aed7e958dfe398f9ce038ffc7c8476fdee81b24aee0228a62) |
| 2025-05-05 21:03:59 | Ethereum | Multisig set up | Signers: 4 · threshold: 1 | [0x761c…cc2f](https://etherscan.io/tx/0x761ca38e5153ac7043e4141b4d94fd5d9337f3d84382d72cc4b0783cfcd4cc2f) |
| 2024-02-08 14:09:35 | Ethereum | Ownership transferred | 0xa081…facc → 0x875c…bc6a | [0xc590…9134](https://etherscan.io/tx/0xc590d85f2f97bc7ea9e74ea61b8b1f9127c984873990f8639cca8848ca399134) |
| 2023-12-01 11:19:11 | Ethereum | Ownership transferred | 0x0000…0000 → 0xa081…facc | [0x75b0…88c1](https://etherscan.io/tx/0x75b0f2b0182c9a2b271ec2a22125bf8483f96ac8f1712bf5564fd35ac87088c1) |

## Leadership

- [Dennis Dinkelmeyer](https://galactic.inc/analytics/people/dennis-dinkelmeyer/) · Co-Founder and Chief Executive Officer
- [Fabrice Grinda](https://galactic.inc/analytics/people/fabrice-grinda/) · Co-Founder and Executive Chairman
- [Romain Bourgois](https://galactic.inc/analytics/people/romain-bourgois/) · Co-Founder and Chief Product Officer
- [Jonathan Chevalier](https://galactic.inc/analytics/people/jonathan-chevalier/) · Chief Technology Officer

## Contracts

| Address | Asset |  |
|---|---|---|
| [0x238a700ed6165261cf8b2e544ba797bc11e466ba](https://galactic.inc/analytics/mf-one/ethereum/0x238a700ed6165261cf8b2e544ba797bc11e466ba/) | Midas Fasanara ONE mF-ONE | [Etherscan](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba) |

## Top 10 holders

| # | Address | Balance |
|---|---|---|
| 1 | [0xbbbbbbbbbb9cc5e90e3b3af64bdaf62c37eeffcb](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0xbbbbbbbbbb9cc5e90e3b3af64bdaf62c37eeffcb) | 27,422,796.32 |
| 2 | [0x9db5b0b081e2202fb588cbd541b01b77f45cfe2d](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0x9db5b0b081e2202fb588cbd541b01b77f45cfe2d) | 26,363,047.00 |
| 3 | [0xfc4313b59a5bc5ec84a4987e8a18ef1bad666b49](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0xfc4313b59a5bc5ec84a4987e8a18ef1bad666b49) | 770,556.79 |
| 4 | [0x9475fff502a9d64c2ad7c61c8f92165cabad5954](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0x9475fff502a9d64c2ad7c61c8f92165cabad5954) | 764,170.67 |
| 5 | [0x0e193a20352a7bd5d4058152f0641447f0e5667a](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0x0e193a20352a7bd5d4058152f0641447f0e5667a) | 422,154.33 |
| 6 | [0xd032ae98974063aa4f24d65358f947ee198e4944](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0xd032ae98974063aa4f24d65358f947ee198e4944) | 287,507.45 |
| 7 | [0x370897fdabab2c6d701e70cfd5461c1aee5371a7](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0x370897fdabab2c6d701e70cfd5461c1aee5371a7) | 244,739.52 |
| 8 | [0x989815b9103bc20df9dc0f7c6540dc38dc62febf](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0x989815b9103bc20df9dc0f7c6540dc38dc62febf) | 223,334.02 |
| 9 | [0xdb21bbb6f72f86e5c2eb580c3d14ed2535d77cf4](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0xdb21bbb6f72f86e5c2eb580c3d14ed2535d77cf4) | 221,895.00 |
| 10 | [0x19743939795e7452150da50832a96d4075c8715f](https://etherscan.io/token/0x238a700ed6165261cf8b2e544ba797bc11e466ba?a=0x19743939795e7452150da50832a96d4075c8715f) | 184,080.94 |

## Frequently asked questions

**What is mF-ONE?**

mF-ONE is a tokenized certificate issued by Midas that offers tokenized exposure to Fasanara Capital’s F-ONE strategy, combining fintech-originated receivables, SME lending, real estate-backed credit, and delta-neutral crypto strategies.

**Who issues mF-ONE?**

mF-ONE is issued by Midas in collaboration with Fasanara Capital.

**How is the mF-ONE price on this page determined?**

The price is derived from the Midas mF-ONE/USD price source.

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