Reserve Management

Reserve management is a critical aspect of Minteo, as it directly influences the stability and reliability of COPM. In this section we will provide you with an in-depth understanding of how we manage our reserves and mantain the peg of COPM.

Reserve Allocation Strategy

1:1 Backing

We adhere to a one-to-one backing policy, which means that for every unit of COPM in circulation, we maintain an equivalent or greater amount of reserve assets in COP (Colombian Peso) or COP equivalents. This strict pegging ensures that COPM's value is fully supported by the assets held in reserve.

Asset Security

Security is paramount when managing reserves. Our reserve assets are securely stored in highly reputable financial institutions, and we implement robust security measures and protocols to safeguard against theft, fraud, or any form of unauthorized access.

Reserve Verification and Transparency

Independent verification

To provide assurance to our users and stakeholders, we engage with independent auditors to regularly verify the existence and authenticity of our reserves. These audits are performed by the independent and reputable third-party auditor BDO. You can consult the reserve reports in the transparency section.

Reserve Transparency

We believe in our users' right to know where their assets are stored. For this, we make our regular audit reports publicly available. These reports detail our reserve breakdown with quantities and locations. So you can rest assured that our reserves mirror COPM's outstanding supply, as well as track changes and updates to our reserves.

Continuous Monitoring and Rebalancing

We continuously monitor external factors such as market conditions, regulatory changes, and economic events that may impact our reserves. In the event of any necessary change to our reserves, we take promptly action to maintain the one-to-one backing ratio.