diff --git a/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/components/ReservedTokensSubPanel.tsx b/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/components/ReservedTokensSubPanel.tsx
index c07d576d2c..dd52a9614f 100644
--- a/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/components/ReservedTokensSubPanel.tsx
+++ b/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/components/ReservedTokensSubPanel.tsx
@@ -54,7 +54,9 @@ export const ReservedTokensSubPanel = ({
             items: kebabMenuItems,
           }}
         >
-          {reservedList?.length ? (
+          {reservedTokens ||
+          reservedRate ||
+          (reservedList && reservedList.length > 1) ? (
             <>
               <div className="mt-4 flex w-full flex-col divide-y divide-grey-200 border-b border-grey-200 dark:divide-slate-500 dark:border-slate-500">
                 {reservedList
diff --git a/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.test.ts b/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.test.ts
index 4f77eef565..f9b1f30387 100644
--- a/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.test.ts
+++ b/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.test.ts
@@ -18,6 +18,7 @@ describe('useReservedTokensSubPanel', () => {
     projectId: 1,
   }
   const DefaultProjectContext = {
+    projectOwnerAddress: '0x0000000000000000000000000000000000000000',
     fundingCycleMetadata: {
       reservedRate: 10000,
     },
@@ -52,6 +53,11 @@ describe('useReservedTokensSubPanel', () => {
   it('returns sorted reservedList when reservedTokensSplits is defined', () => {
     const { result } = renderHook(useReservedTokensSubPanel)
     expect(result.current.reservedList).toEqual([
+      {
+        projectId: 1,
+        address: '0x0000000000000000000000000000000000000000',
+        percent: '97%',
+      },
       {
         projectId: undefined,
         address: '0x456',
diff --git a/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.ts b/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.ts
index 0c5b71dd08..4ddb02c602 100644
--- a/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.ts
+++ b/src/components/v2v3/V2V3Project/ProjectDashboard/components/TokensPanel/hooks/useReservedTokensSubPanel.ts
@@ -2,6 +2,7 @@ import {
   useProjectContext,
   useProjectMetadata,
 } from 'components/v2v3/V2V3Project/ProjectDashboard/hooks'
+import { ONE_BILLION } from 'constants/numbers'
 import { BigNumber } from 'ethers'
 import { useProjectReservedTokens } from 'hooks/v2v3/contractReader/ProjectReservedTokens'
 import { useMemo } from 'react'
@@ -10,9 +11,12 @@ import { formatAmount } from 'utils/format/formatAmount'
 import { fromWad } from 'utils/format/formatNumber'
 import { formatReservedRate, formatSplitPercent } from 'utils/v2v3/math'
 
+const ONE_BILLION_BIG = BigNumber.from(ONE_BILLION)
+
 export const useReservedTokensSubPanel = () => {
   const { projectId } = useProjectMetadata()
-  const { fundingCycleMetadata, reservedTokensSplits } = useProjectContext()
+  const { fundingCycleMetadata, reservedTokensSplits, projectOwnerAddress } =
+    useProjectContext()
   const reservedRateWad = fundingCycleMetadata?.reservedRate
 
   const { data: reservedTokensWad } = useProjectReservedTokens({
@@ -21,20 +25,60 @@ export const useReservedTokensSubPanel = () => {
   })
 
   const reservedList = useMemo(() => {
-    if (!reservedTokensSplits) return undefined
-    return reservedTokensSplits
+    if (!projectOwnerAddress || !projectId || !reservedTokensSplits) return
+    // If there aren't explicitly defined splits, all reserved tokens go to this project.
+    if (reservedTokensSplits?.length === 0)
+      return [
+        {
+          projectId,
+          address: projectOwnerAddress!,
+          percent: `${formatSplitPercent(ONE_BILLION_BIG)}%`,
+        },
+      ]
+
+    // If the splits don't add up to 100%, remaining tokens go to this project.
+    let splitsPercentTotal = BigNumber.from(0)
+    const processedSplits = reservedTokensSplits
       .sort((a, b) => Number(b.percent) - Number(a.percent))
       .map(split => {
         assert(split.beneficiary, 'Beneficiary must be defined')
+        const splitPercent = BigNumber.from(split.percent)
+        splitsPercentTotal = splitsPercentTotal.add(splitPercent)
+
         return {
           projectId: split.projectId
             ? BigNumber.from(split.projectId).toNumber()
             : undefined,
           address: split.beneficiary!,
-          percent: `${formatSplitPercent(BigNumber.from(split.percent))}%`,
+          percent: `${formatSplitPercent(splitPercent)}%`,
         }
       })
-  }, [reservedTokensSplits])
+
+    const remainingPercentage = ONE_BILLION_BIG.sub(splitsPercentTotal)
+
+    // Check if this project is already one of the splits.
+    if (!remainingPercentage.isZero()) {
+      const projectSplitIndex = processedSplits.findIndex(
+        v => v.projectId === projectId,
+      )
+      if (projectSplitIndex != -1)
+        // If it is, increase its split percentage to bring the total to 100%.
+        processedSplits[projectSplitIndex].percent = `${formatSplitPercent(
+          remainingPercentage.add(
+            reservedTokensSplits[projectSplitIndex].percent,
+          ),
+        )}%`
+      // If it isn't, add a split at the beginning which brings the total percentage to 100%.
+      else
+        processedSplits.unshift({
+          projectId,
+          address: projectOwnerAddress!,
+          percent: `${formatSplitPercent(remainingPercentage)}%`,
+        })
+    }
+
+    return processedSplits
+  }, [reservedTokensSplits, projectOwnerAddress, projectId])
 
   const reservedRate = useMemo(() => {
     if (!reservedRateWad) return undefined