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Meridian Treasury Protocol · v0.4

Treasury that settles itself.

Meridian is a programmable treasury agent for USD and TON. Define rules once — payments, receivables, and reconciliation execute automatically, and every action is verifiable on-chain.

Request access Read the technical brief →
$847.2M
Routed through Meridian, last 30 days1
2.4s
Median end-to-end settlement
0.04%
Weighted average network fee
100%
Actions verifiable on-chain
Infrastructure TON Tether USD₮ Fireblocks Custody Trail of Bits Chainalysis Sumsub KYB
01 — Mechanism How Meridian executes

An autonomous agent for treasury, not a black box.

Meridian is non-custodial. Funds remain in your multisig at all times. The protocol executes signed instructions deterministically against TON and USD rails — no off-chain trust assumptions, no opaque routing.

01

Define

Express treasury policy in TypeScript or natural language. "Pay vendor 5,000 USDT every Friday." "Convert TON above 100k threshold to USDT." Rules compile to verifiable on-chain commitments before execution.

02

Execute

Meridian runs as a non-custodial agent on TON. Each transaction is co-signed by your organization's multisig and the protocol's policy verifier. No instruction executes without cryptographic authorization.

03

Verify

Every action is recorded on TON with a permanent audit trail. Reconciliation is automatic across USD and TON ledgers. SOC 2 reports and on-chain proofs are issued continuously, not annually.

02 — Policy The contract you sign once

Treasury rules, expressed once. Enforced forever.

Policies are deterministic. They cannot be silently modified, rerouted, or front-run. Changes require a multisig quorum and a 24-hour timelock, surfaced on-chain before execution.

  • AuthoringTypeScript SDK · Natural language preview · Visual rule builder
  • Authorization2-of-3 multisig minimum · 24h timelock on rule changes
  • CoverageUSD via Tether USD₮ on TON · Native TON · Fiat off-ramp via licensed partner
  • LimitsPer-rule, per-period, per-counterparty caps · Mandatory
// treasury/policies/vendor-payouts.ts
import { meridian, USD, TON } from "@meridian/sdk";

export const policy = meridian.policy({
  name: "weekly-vendor-payouts",
  authorizers: ["finance-multisig", "cfo-key"],

  schedule: "every friday at 14:00 utc",

  execute: async ({ ledger, pay }) => {
    const invoices = await ledger.openInvoices({
      currency: USD,
      approved: true,
    });

    for (const inv of invoices) {
      await pay(inv.counterparty, inv.amount, {
        rail: "usdt-ton",
        memo: inv.id,
      });
    }
  },

  limits: {
    perCounterparty: 25_000,
    perRun: 500_000,
  },
});
03 — Console Live treasury operations

A command surface for the people accountable for the money.

CFOs, controllers, and treasury operators see balances, pending instructions, and on-chain proofs in one console. Engineers integrate via SDK. Auditors get continuous, signed reports.

console.meridian.fi/treasury
A Atlas Capital · Production
2026-05-08 · 14:32 UTC
Total balance
$12,847,209
+ 2.14% / 30d
USD₮ on TON
9,402,118
73.2% of holdings
TON
1,284,402
≈ $3,445,091
Active policies
14
2 awaiting approval
Settlement feed · live View on-chain log →
Time Counterparty Policy Amount Tx Status
14:32:08 Helix Logistics LLC weekly-vendor-payouts 12,400.00 USD₮ 0x8f2c…a401 Settled
14:31:54 Northwind Suppliers weekly-vendor-payouts 7,820.50 USD₮ 0x77af…1b22 Settled
14:31:31 FX desk · internal ton-rebalance-threshold — 18,000 TON 0x3d10…ef9c Settled
14:30:12 Acme Holdings, Inc. recurring-receivable + 45,000.00 USD₮ 0xc41a…7e02 Settled
14:29:47 Payroll · Q2-W19 payroll-bi-weekly 218,440.00 USD₮ 0x09ee…b315 Awaiting 2nd sig
Open the live console preview →
04 — Custody & compliance Built to pass institutional review

Non-custodial by architecture. Audited by independent firms.

Meridian is built for organizations that have to defend every dollar in front of a board, an auditor, or a regulator. The protocol holds no principal, takes no spread, and produces a continuous, verifiable audit trail by default.

Read full security disclosure →
  • Custody modelNon-custodial. Principal remains in client multisig.
  • Smart contract auditsTrail of Bits (Q1 2026) · OtterSec (Q4 2025)
  • Operational auditsSOC 2 Type II in progress · ISO 27001 (Q3 2026)
  • Custody partnerFireblocks · MPC co-signer for fiat rails
  • Operating entityMeridian Treasury Ltd. · Cayman Islands
  • US affiliateMeridian Operations Inc. · Delaware
  • Sanctions & AMLChainalysis KYT · Sumsub KYB · OFAC screening
  • Fiat railsVia licensed partners. Money transmitter MSB-1042-N1.
05 — Network token $MRD

$MRD aligns the network with the people who depend on it.

$MRD is the coordination asset of the Meridian network. Holders earn a share of protocol fees, govern the rule template registry, and receive priority allocation on new infrastructure modules.

Read the token paper →
Total supply
1,000,000,000
Fixed. No issuer mint authority.
Network
TON / Jetton
TEP-74 standard. Bridgeable to EVM via official bridge.
Fee distribution
40%
Of protocol revenue distributed to staked $MRD holders, weekly.
Governance
Quadratic
Rule templates, fee parameters, treasury allocations.
06 — On-chain $MRD contract

Verifiable on-chain. Immutable supply. Mint authority revoked.

$MRD is deployed as a TEP-74 jetton on TON mainnet. The contract is published and verified, the mint authority is destroyed, and total supply is fixed at one billion forever. Any wallet can verify holdings, transfers, and supply directly on-chain.

Jetton master · TON mainnet VERIFIED
EQBijaDvS0g44OLy8ZCM4welhdLvYCV0_G3nm8rzuhiaEbPX
  • StandardTEP-74 Jetton · TON native
  • Decimals9
  • Total supply1,000,000,000 MRD · fixed
  • Mint authorityRevoked · admin address set to null
  • MetadataOn-chain · name, symbol, image, description
  • DeployerUQASlbzWOJWsLP7az8s0NHbcMcndCesDZAL3L9g4RjyBir5T
Tonviewer → Tonscan → DeDust → STON.fi → GeckoTerminal →

Always verify the contract address on a trusted explorer before any transaction. Meridian will never DM you. Phishing attempts impersonating the protocol are tracked at security.meridian.fi.

07 — Community airdrop 2% of supply · 20,000,000 MRD

A piece of the network for the community that holds it up.

Meridian is reserving 2% of total supply — 20,000,000 MRD — for an early-community airdrop. Eligibility is determined by on-chain activity: TON power users, treasury operators, forum contributors, and design partners. Submit your TON wallet below to be considered. Snapshot date will be published fourteen days in advance.

Submit TON wallet PRE-SNAPSHOT

By submitting, you confirm you control this wallet. One submission per person. Eligibility is final at snapshot. Submitting does not guarantee an allocation.

The work of the treasury
shouldn't take a treasury team.

Meridian is opening private access to a small set of design partners — funds, market makers, payroll providers, and on-chain businesses with predictable cashflows.

Request access Read the technical brief