index / tokenized treasuries / USDM

Mountain Protocol USD (USDM) scores 79/100 — grade B, largely verifiable — on Claridex's transparency rating, with 6/6 pillars verified.

Mountain Protocol USD USDM

Issuer: Mountain Protocol · tokenized treasuries · Ethereum

79/100 · B

✓ Claridex verified

largely verifiable · 6/6 pillars verified

Reserve proof · 25%partial75

monthly Nephos Group attestations, publicsemi-auto source ↗

Custody & segregation · 20%strong85

BNY Mellon Treasuries + insured banks; segregated, bankruptcy-remotedeclared source ↗

Independent audit · 15%partial72

monthly Nephos Group attestations public; accountant reports, not full auditssemi-auto source ↗

On-chain verifiability · 15%strong84

verified contract · transparent supply · upgradeable proxy (admin controls need disclosure)auto source ↗

Redemption rights · 15%strong82

mint/redeem at $1; 24/7 via USDC, large redemptions up to T+2declared source ↗

Issuer & legal · 10%partial76

Mountain Protocol; Bermuda DABA-licenseddeclared source ↗

methodology is public · ranking is never for sale · the "verified" badge means it passed the reserve-proof gate

contract: 0x59d9356e565ab3a36dd77763fc0d87feaf85508c · last checked: 2026-06-23

How was this scored?

The six pillars are combined by weight; the reserve-proof gate caps the grade for projects with weak reserves. Every band is spelled out in the methodology.

Is this your project?

Claim it and add evidence links for the missing pillars. The engine verifies them and your score updates.