ART Reserve Composition Validator
Demonstrates Art. 23 compliance checks for Asset-Referenced Token reserve composition
Overall Status
Max concentration 20.0% > 10% limit.
Reserve Snapshot
Total Reserve:€1,000,000
Tokens Outstanding:1,000,000
Coverage Ratio:1.00x
Overnight Deposits
Actual:60.0%
Required (Art. 23):60%
Status:✓ Pass
Reserve Composition by Institution
Asset Category Breakdown
Concentration Limit (Art. 23)
Maximum single institution: 20.0%
Required maximum: 10%
✗ Non-compliant
Crypto Asset Prohibition (Art. 23)
✓ No crypto-assets in reserve
Reserve Assets Editor
| Institution | Category | Amount (€) | Country | Action |
|---|---|---|---|---|
Token Supply Configuration
Coverage ratio: 1.000x
MiCA Compliance Note
Implemented: Art. 23 — Reserve composition requirements (60% overnight deposits minimum, no crypto-assets, 10% concentration limit, currency matching)
Implemented: Art. 31 — Quarterly reserve disclosure structure and compliance tracking
Out of scope: Art. 22 — Own funds calculation (covered in separate POC)
Out of scope: Art. 28 — Redemption enforcement (requires blockchain integration)
Out of scope: Art. 36 — Independent audit workflow (requires audit firm integration)
What this POC does not implement
- ❌ Real asset transfers — requires blockchain custody integration
- ❌ Independent audit confirmation — requires licensed audit firm API
- ❌ Competent authority reporting — requires NCA submission API
- ❌ Rolling 6-month history — shows single snapshot only; production requires time-series DB
- ❌ Member State specific holidays — simplified working day calculation