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KUMA Protocol
Active AUM
—Key Metrics
Onchain AUM—
Change (24h)—
Active / Onchain—
DeFi Active TVL$0
Change (24h)—
Utilization—
Largest Protocol—
Net Flows 30d—
Net Flows 7d—
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Sovereign Bond Fund | $0 | |||||||||
About KUMA Protocol
KUMA Protocol is a tokenized fixed-income platform operated by Mimo Capital AG of Liechtenstein, issuing on-chain bond tokens backed by sovereign bond ETFs (initially EU government bonds via European bond ETFs). The platform uses Liechtenstein's TVTG (Token Container Model) framework to issue bonds as transferable on-chain securities. KUMA tokens are designed as a DeFi-composable building block for European fixed-income exposure and can be used as collateral within the Mimo Labs ecosystem. Live on Telos mainnet (KUMA's preferred low-fee EVM venue) and other EVMs.
Entity
Legal entityMimo Capital AG (Liechtenstein)
Primary chainTelos
Registry
Mimo Capital AG is a Liechtenstein-domiciled financial services company operating under the EU MiCA/Liechtenstein framework. KUMA bonds are issued as transferable on-chain securities under the Liechtenstein Token & Trustworthy Technology Service Provider Act (TVTG, 2020), which provides a comprehensive legal framework for blockchain-based securities. Bonds are backed by physical sovereign-bond ETFs custodied at qualified European custodians. Founded by Stefan Loesch and the Mimo Labs team (previously known for the MIMO/PAR stablecoin protocol).
Compliance
Of 1 assets
Attested1 of 1
KYC to mint or redeemunknown
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemableunknown
Attestation frequencyDaily NAV via Chainlink Proof-of-Reserve
OracleChainlink
Fees & revenue
Revenue modelAsset Manager Fee
ConfidenceReasoned Estimate
Holder Total Fee20 bps
Asset Manager Take20 bps
Tokenization Platform Take0 bps
Mint Fee0 bps
Redemption Fee0 bps
Float IncomeNo
Fees Last Verified2026-05-10
KUMA charges an issuance/management fee on NAV; the 20 bps figure is a reasoned estimate based on KUMA docs language and comparable European bond-ETF wrapper fees. Underlying ETF expense ratios (typically 5-15 bps for European bond ETFs) are charged separately and pass through to holders. Exact KUMA fee schedule to be verified.