1×mZAR = 1×ZAR
Every mZAR is backed by a South African Rand held in a segregated reserve account. Your digital Rand, always redeemable.
View WhitepaperBuilt for South Africa
Trust, transparency & compliance
KYC & AML
Users need to pass KYC and AML checks before being allowed to mint or redeem mZAR. Redemptions or Purchases must be made from a verified bank.
GDPR
Mesh Trade is GDPR Compliant.
Stellar Monitoring
mZAR is issued on the Stellar blockchain where all mZAR in circulation can be monitored.
Monthly Audit
Monthly third-party audits are done by an independent accounting firm to ensure 1:1 relationship between issued mZAR on Stellar and collateral account balance.
Collateral Account
Mesh Trade SA holds ZAR collateral in a segregated and trusted account at our Partner Bank, which is an accredited financial institution.
Regulatory Oversight
Mesh Trade SA is in the process of applying for a FSP Category 2 license.
Independently Verified
Attestations
Monthly certifications of our fiat-backed reserves
How It Works
The mZAR lifecycle
Issuance
mZAR tokens are minted through a smart contract mechanism. After verification of KYC and AML requirements, users can initiate the minting process. Tokens are minted at a 1:1 ratio by depositing ZAR into the Reserve Bank.
Burning
A burning mechanism maintains mZAR's peg and controls supply. During redemptions, users return mZAR in exchange for ZAR, triggering a burn of the redeemed tokens, which are then removed from circulation.
Distribution
mZAR can be purchased directly from the Mesh platform or through partnered exchanges, enabling both individual and bulk OTC transactions. Distribution is carefully managed to align supply with reserve levels.
The Power of Crypto backed by the Stability of the Rand.
Fast, efficient, and built right here in Mzansi. Your money. Your blockchain. Your future.