mAPOLLO, issued by Midas Software GmbH, is a tokenized fund that gives investors onchain exposure to mAPOLLO, expressed as a NAV per token that moves with the underlying portfolio's performance [S1].

The token tracks mAPOLLO (mAPOLLO) on a total-return basis, accruing value through changes in NAV rather than any peg or floor [S1]. Holders bear a management fee as a percentage of NAV and a performance fee on profits above a high-water mark, and instant redemption carries a fixed fee typically between twenty and one hundred basis points [S2].

Midas Software GmbH, a Berlin company incorporated under German law, issues each token as a Blockchain-based Certificate, a MiFID II debt instrument under a base prospectus approved by the Liechtenstein Financial Market Authority; the issuer is not itself licensed or regulated and approval is not an endorsement [S3][S4][S5]. Tokenholders hold a contractual claim against the issuer, not ownership of the underlying assets [S3]. Tokens are not offered to U.S. Persons, sanctioned parties, or restricted jurisdictions, and access requires KYC and AML verification, with some strategies limited to professional investors [S6]. Standard redemption settles after the next NAV update and instant redemption burns tokens for a stablecoin [S7].

The tokens are ERC-20 tokens issued natively across BNB Chain, Ethereum, Monad, Base, an Ethereum Layer 2, Plasma, Starknet, Katana Network, OP Mainnet, and Rootstock [S8][S9]. Deposits mint at current NAV instantly or at the next settlement [S7]. NAV equals total portfolio value divided by tokens outstanding and is published onchain through an Oracle Feed using Chainlink and Pyth [S1].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://docs.midas.app/llms-full.txt" },
    { id: "S2", url: "https://docs.midas.app/resources/investment-risks" },
    { id: "S3", url: "https://docs.midas.app/resources/legal-structure" },
    { id: "S4", url: "https://docs.midas.app/tokens/mtbill" },
    { id: "S5", url: "https://docs.midas.app/resources/legal-documents/investment-disclaimer" },
    { id: "S6", url: "https://docs.midas.app/resources/eligibility-and-compliance" },
    { id: "S7", url: "https://docs.midas.app/liquidity/open-liquidity-architecture" },
    { id: "S8", url: "https://docs.midas.app/developers/smart-contract-addresses" },
    { id: "S9", url: "https://docs.midas.app/tokens/mbasis" },
  ]}
/>


# Asset Price methodology

## 1. Overview

Asset price represents the closing USD value of a tokenized asset at the end of each day. Daily prices are recorded to facilitate the valuation of on-chain activity and the calculation of market capitalization. Each price point reflects the market value at the conclusion of the UTC day.

## 2. Data sources

- **Asset metadata**: Token contract addresses, ticker identifiers, and on-chain launch timestamps
- **External data**: End-of-day price feeds and exchange rate feeds from market data providers
- **Blockchain data**: Data covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others) and non-EVM chains such as Solana, Aptos, and Near

## 3. Step-by-step calculation

### Component A: Market data retrieval

- **Purpose**: Collect raw daily price information
- **Logic**: Daily price data is retrieved from external market data providers. For assets pegged to specific currencies, prices are calculated using a multiplier and daily exchange rates. For assets traded on traditional exchanges where data is unavailable on certain days, such as weekends or holidays, missing values are filled with the last available closing price.

### Component B: Timestamp normalization

- **Purpose**: Align price data with daily reporting periods
- **Logic**: Timestamps are truncated to the daily grain. To accurately reflect the closing value, prices recorded at the start of a day (00:00:00 UTC) are assigned to the preceding calendar day.

### Component C: Asset mapping and deduplication

- **Purpose**: Associate prices with unique assets and resolve data overlaps
- **Logic**: Prices are mapped to assets using unique identifiers for EVM-compatible and non-EVM chains. To ensure data integrity, price records are filtered to include only those occurring on or after the asset's on-chain launch date. In instances where price data for a single asset is available from multiple sources, the data is deduplicated by selecting the record with the highest priority to ensure a single, consistent closing price.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

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Midas

Midas mAPOLLO (mAPOLLO) is a tokenized fund share issued by Midas through Midas Software GmbH.

Holders can mint and redeem directly with Midas.

Midas Software GmbH is incorporated in Germany and is offered under an EU-approved prospectus.

mAPOLLO has been issued on Ethereum as an ERC-20 token since July 2025.

Midas mAPOLLOmAPOLLO