Meridian Yield Trust — Tokenized Senior Note, Series 2026
Sample record. This entry is published for structural review and does not describe a real issuer.
Update Due
Quarterly confirmation for the quarter ended June 30, 2026 has not been received. Annual audited financials for FY2025 were filed after the 90-day deadline.
- Issuer legal name
- Meridian Yield Trust
- Security
- Tokenized Senior Note, Series 2026 (Senior Note)
- CIK
- None
- Exemption relied on
- Reg A
- State of incorporation
- Texas
- Transfer agent
- Equiniti Trust Company, LLC
- GUARDD publication date
- 2026-05-05
- Last verified date
- 2026-05-20
- Next annual financials due
- 2026-03-31
- Machine-readable copy
- /disclosures/meridian-yield-trust/tokenized-note-2026.json
Issuer name and address
- Legal name
- Meridian Yield Trust
- Address
- 2200 Ross Avenue, Floor 12, Dallas, TX 75201, USA
- State of incorporation
- Texas
Business description
Meridian Yield Trust acquires and holds performing commercial equipment leases originated by third-party lessors and distributes lease cash flows to noteholders. The trust has no employees; administration is performed under contract by Meridian Asset Administration, LLC.
Officers and directors
| Name | Title | Serving since |
|---|---|---|
| Helen A. Ortiz | Trustee | 2024-02-01 |
| Samuel Beckwith | Principal Financial Officer of the administrator | 2024-02-01 |
Transfer agent, auditor, and legal counsel
- Transfer agent
- Equiniti Trust Company, LLC
- Auditor
- Withum Smith+Brown, PC
- Legal counsel
- Katten Muchin Rosenman LLP
Capital structure
| Class or series | Authorized | Outstanding |
|---|---|---|
| Senior Notes, Series 2026 | 50,000,000 | 31,500,000 |
| Trust Certificates (residual) | 1,000 | 1,000 |
Holders of record
- Number of holders of record
- 1,874
- As of
- 2026-06-30
Financial statements
| Line item | FY2025 FYE 2025-12-31 · Audited |
|---|---|
| Revenue | USD 4,120,000 |
| Net income (loss) | USD 610,000 |
| Total assets | USD 34,200,000 |
| Total liabilities | USD 32,050,000 |
| Cash | USD 1,890,000 |
| Auditor | Withum Smith+Brown, PC |
Auditor’s report
The FY2024 statement of operations was restated to correct the classification of $310,000 of lease origination fees previously recognized as revenue.
- Auditor
- Withum Smith+Brown, PC
- Report date
- 2026-04-02
- Opinion
- Unqualified
- Going-concern qualification
- No
- Adverse opinion
- No
- Material weakness
- No
- Restatement
- Yes
Tokenized security attributes
Displayed for every security. Where the security is not tokenized, each field is marked not applicable.
- Security is tokenized
- Yes
- Contract address
- 0x8f2a55949038a501f6ba0d7d4bcd6d63a7a1c8ce
- Network
- Ethereum mainnet (chain ID 1)
- Token standard
- ERC-1400 (ERC-20 compatible transfer interface)
- Role of on-chain record
- Instruction layer — the transfer agent's books remain the master securityholder file
- Transfer restriction enforcement
- On-chain allowlist controlled by the transfer agent; transfers to non-allowlisted addresses revert. Off-chain review precedes each allowlist addition.
- Holding period
- 12 months from issuance for holders acquiring in the initial distribution
- Holding period expiration date
- 2027-01-15
- Issuer freeze authority
- Issuer, acting through the transfer agent, may freeze individual balances upon court order, regulatory directive, or documented loss of key control.
- Issuer burn authority
- Yes — burn permitted only to effect a redemption or to reverse a demonstrably erroneous issuance.
- Issuer reissue authority
- Yes — reissuance permitted to replace tokens burned for lost-key remediation.
- Smart contract audit status
- Audited; two medium-severity findings remediated, one informational finding open
- Smart contract auditor
- Trail of Bits
- Eligible trading venues
- INX Securities ATS; Texture Capital ATS
- Collateral or lending arrangement
- Noteholders may pledge tokens to Meridian Credit Facility, LLC under a disclosed margin arrangement; pledged tokens are transferred to a custody address and remain subject to the same transfer restrictions.