ART Own Funds Requirement
Validate compliance with MiCA Art. 22 — own funds calculation for Asset-Referenced Tokens
Input Parameters
Load Example Data
Enter parameters or load example data to calculate compliance
Art. 22 — Compliance Note
Implemented: Art. 22 — Own funds requirement calculation (2% of 6-month average reserve or EUR 350K minimum)
Implemented: Art. 39 (Significant ART) — 3% requirement
Out of scope: Real-time reserve monitoring infrastructure
Out of scope: Integration with banking systems for fund transfers
Out of scope: Regulatory reporting to competent authorities (NCA)
What this POC does not implement
- ❌ Real reserve asset verification — Manual input only. Real systems would connect to custodian APIs and blockchain confirmations.
- ❌ Daily reconciliation with on-chain data — Requires DLT integration and oracle services.
- ❌ Quarterly public disclosure — Art. 31 requires formal publication to ESMA registry.
- ❌ Integration with NCA reporting — Requires direct API with competent authority.
- ❌ Automated breach notifications — Real systems must notify NCAs within specified timeframes.
- ❌ Reserve composition validation — Art. 23 requires 60% in overnight deposits; not checked here.