# Thema Protocol security audit

Thema is a DeFi protocol for issuing asset-backed tokens (OMTs) minted and redeemed atomically against asset baskets; this audit covered its core Solidity contracts, with oracle-based NAV tracking and modular fee, oracle and token set interfaces.

Codezen audited Thema Protocol together with Oak Security. Technologies in scope: Solidity, Ethereum and EVM. We reported 26 findings: 1 critical, 10 major, 9 minor and 6 informational.

- Audit type: Solidity smart contract audit
- Technologies: Solidity, Ethereum, EVM
- Ecosystem: Ethereum
- Delivered with: Oak Security
- Report date: 27 December 2025
- Full report (PDF): https://github.com/oak-security/audit-reports/blob/main/Thema/2025-12-27%20Audit%20Report%20-%20Thema%20Protocol.pdf
- Project website: https://www.thema.financial
- Page: https://www.codezen.tech/audits/thema-protocol/

## Findings by severity

| Severity | Count |
| --- | --- |
| Critical | 1 |
| Major | 10 |
| Minor | 9 |
| Info | 6 |
| Total | 26 |

Need a similar audit? Email info@codezen.tech or visit https://www.codezen.tech/.