ART Own Funds Monitor
Demonstrates Art. 35 own funds requirement for Asset-Referenced Token (ART) issuers under MiCA
Enter your issuer's available own funds
A quarter of this amount is the Art. 35(1)(c) requirement
Check if your ART meets Art. 43 significant criteria (3% requirement per Art. 45(5) instead of 2%)
180-Day Avg Reserve
€21.1M
sample data
(a) Minimum Floor
€350k
per Art. 35(1)(a)
(b) 2% of Avg Reserve
€421k
per Art. 35(1)(b)
(c) ¼ of Fixed Overheads
€250k
per Art. 35(1)(c)
The highest of (a), (b) and (c) applies; it is highlighted in blue.
Compliance Status
Compliant
Current own funds (€500k) meet the requirement
Required Own Funds
€421k
Art. 35(1): max(€350k, 2% × €21.1M, ¼ × €1.0M)
Current Own Funds
€500k
Difference: €79k
6-Month Reserve Trend
Average: €21.1M (dashed orange line)
MiCA Compliance Note
Art. 35(1) (Own Funds Requirement): ART issuers must maintain at all times own funds equal to the higher of:
- €350,000 (minimum floor per Art. 35(1)(a)),
- 2% of the average amount of the reserve of assets over the preceding 6 calendar months (calculated daily per Art. 35(1)(b)), OR
- a quarter of the fixed overheads of the preceding year (Art. 35(1)(c))
Art. 43 & Art. 45(5) (Significant ART): For significant ARTs (as classified per Art. 43), the percentage is increased to 3%.
This POC uses 180 calendar days as the rolling window. Issuers must recalculate daily based on the actual 6-month preceding window as defined in the regulation.
What This POC Does Not Implement
- ❌Reserve composition validation (Art. 36) — requires minimum 30% (60% for significant) in deposits; this POC does not validate asset types
- ❌Real reserve data integration — uses sample snapshots; actual issuers must link to audited reserve records
- ❌Quarterly reporting (Art. 22) — does not produce the quarterly report to the competent authority (holders, value issued, reserve size, transactions)
- ❌Independent audit attestation (Art. 36(9)) — calculations are not independently verified
- ❌Custody and settlement integration (Art. 37) — does not interface with custody providers or settlement systems