Each eUSD by Softseco token will be backed by at least one US dollar of reserves. Here's how those reserves are designed to be split, where they will be invested, and how holders will be able to verify the backing daily, on-chain, once live.
MiCA Article 54 sets the shape of this reserve: at least 30% of the funds received must sit as deposits at credit institutions, and the rest must be invested in highly liquid instruments carrying minimal market, credit and concentration risk, denominated in the currency the token references. We plan to hold 40% in cash and 60% in short-dated US government securities — and to keep the float that makes on-chain redemption instant outside the reserve, funded from our own capital.
US dollars in segregated safeguarding accounts at EU credit institutions. Article 54 requires at least 30% to sit here; the reserve holds 40%, so ordinary redemptions are met from cash rather than by selling anything.
US Treasury bills with short maturities, held through a qualified custodian or a regulated money-market fund. Every instrument is checked against the EBA technical standards on highly liquid financial instruments before it enters the reserve.
A working USDC float funded from Softseco’s own capital rather than from the reserve, so on-chain redemption is instant at any hour. It is replenished from the reserve each banking day and sized to on-chain flow, not to the full supply.
Once per 24-hour window — to be published at a randomized time, breaking the predictability that adversarial actors could exploit for time-correlation attacks.
Monthly attestation review and quarterly formal reports by a regulated audit firm, planned from mainnet. Reports will be published in machine-readable form for indexers and explorers via the SDK.
| Item | Status | Target |
|---|---|---|
| Softseco sp. z o.o. incorporation | Planned | 2026 |
| MiCA EMI pre-application with KNF | Development | 2027 |
| First smart contract audit | Development | 2027 |
| EMI authorization application | Compliance | 2028 |
| Comprehensive multi-firm audits | Compliance | 2028 |
| Mainnet beta launch | Mainnet Beta | Q1–Q2 2029 |
| Daily Proof-of-Reserves publication | At mainnet | Q1–Q2 2029 |