$M
Yield-Bearing Stablecoin Backed by High Quality Collateral
Last updated
Yield-Bearing Stablecoin Backed by High Quality Collateral
Last updated
Short-term U.S. Treasury bills held in insolvency-remote, orphaned SPVs, $M is issued through a permissionless and immutable protocol, ensuring daily auditable reserves.
Asset Type
Treasuries
Agency Rating
BBB-/Baa3
TRA Rating (1-5)
3.9
Contribution to Credit Risk (0-5)
0.39
Target Weight in nRWA
10%
Est. APY
4.25%
Scorecard
Custody
Deka Bank (Germany)
Site
Issuance
M^0 tokenizes real-world assets through its platform, leveraging MXON to create stable and yield-generating instruments.
Custody & Wallet
MXON ensures the safekeeping and compliance of the tokenized assets.
SPV Operations
Crosslend structures the assets into a Special Purpose Vehicle (SPV) to ensure proper governance and operational compliance. Validator One and Chronicle Labs provide independent reviews to verify asset integrity and performance.
Loan Origination
Lenders facilitate funds through Nest RWA.
Yield Generation
Borrowers repay their loans with interest, leading to yield generation on the underlying assets.
M^0 is a decentralized protocol enabling institutional holders of high-quality collateral to issue $M, a composable stablecoin backed by high-quality, exogenous collateral. Supports stable liquidity and modest returns from daily auditable reserves backed by short-term U.S. Treasury bills.