{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"tokenised_tbills","evidenceReadAt":"2026-11-03","generatedAt":"2026-11-12","criteria":[{"id":"access","label":"Who can actually buy it","weight":30},{"id":"legalClaim","label":"Legal claim quality","weight":28},{"id":"redemption","label":"Redemption reality","weight":24},{"id":"feeLoad","label":"Total fee load","weight":18}],"providers":{"franklin_benji_fobxx":{"redemption":{"s":6,"q":"Typically, redemptions are processed by the next business day provided the redemption request is received in proper form and good order, but may take up to seven days to be processed if making immediate payment would adversely affect the Fund or there is another cause for delay","u":"https://www.franklintempleton.com/forms-literature/download-preview/9001-P","d":"2026-11-03"},"access":{"s":8,"q":"Individual investors opening an account with the Fund must first download Benji by Franklin Templeton, a mobile application available through the Apple App Store and Google Play (App). The App is free to download and use.","u":"https://www.franklintempleton.com/forms-literature/download-preview/9001-PSUM","d":"2026-11-03"},"legalClaim":{"s":10,"q":"The Fund intends to be a “Government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940 (1940 Act).","u":"https://www.franklintempleton.com/forms-literature/download-preview/9001-PSUM","d":"2026-11-03"},"feeLoad":{"s":8,"q":"ratio of total annual fund operating expenses will not exceed 0.20% until July 31, 2027","u":"https://www.franklintempleton.com/forms-literature/download-preview/9001-PSUM","d":"2026-11-03"}},"invesco_superstate_ustb":{"redemption":{"s":6,"q":"Protocol Redeem may enable faster USDC redemptions of Tokenized Shares but is available only on a limited, “when available” basis and subject to dynamic daily limits, which may restrict or prevent processing—particularly for large or late-day requests.","u":"https://superstate.com/assets/ustb","d":"2026-11-03"},"access":{"s":2,"q":"Superstate Funds:** Only available to Qualified Purchasers in supported countries with at least $5m in investable assets for individuals, or $25m for institutions.","u":"https://docs.superstate.com/investors/getting-started.md","d":"2026-11-03"},"legalClaim":{"s":7,"q":"The Fund is not registered as an investment company under the Investment Company Act and is therefore not subject to the regulatory protections applicable to registered funds, including requirements relating to governance, custody of assets and limitations on affiliated transactions.","u":"https://superstate.com/assets/ustb","d":"2026-11-03"},"feeLoad":{"s":9,"q":"All investors will be subject to a 0.15% management fee. | USTB is not subject to a performance-based fee or allocation.","u":"https://superstate.com/assets/ustb","d":"2026-11-03"}},"wisdomtree_wtgxx":{"feeLoad":{"s":6,"q":"Management Fees 0.25 % Distribution and/or Service (12b-1) Fees None Other Expenses 0.00 % Total Annual Fund Operating Expenses 0.25 %","u":"https://www.sec.gov/Archives/edgar/data/1859001/000121465926010324/wtd812262497.htm","d":"2026-11-03"},"access":{"s":8,"q":"The minimum transaction amount with respect to a purchase for both individual and institutional investors is $25 ($1 for the Treasury Money Market Digital Fund), whether for initial or subsequent purchases.","u":"https://www.sec.gov/Archives/edgar/data/1859001/000121465926010324/wtd812262497.htm","d":"2026-11-03"},"legalClaim":{"s":9,"q":"The Fund intends to be a “government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”).","u":"https://www.sec.gov/Archives/edgar/data/1859001/000121465926010324/wtd812262497.htm","d":"2026-11-03"},"redemption":{"s":6,"q":"For our money market fund, WTGXX, the generally expected time frame for the settlement of purchases and redemptions (the currently available Fund) on U.S. trading days is T+0 (same day).","u":"https://www.wisdomtreeconnect.com/","d":"2026-11-03"}},"anemoy_jtrsy":{"feeLoad":{"s":5,"q":"Entry/exit fees $0 Min. investment 500,000 USDC Mgmt. fee 25 basis points annually Other service provider fees Brokerage, Custody, Banking, Administration, and Audit 1 | 1 Third party service providers for brokerage, custody, banking, administration and auditing services apply","u":"https://centrifuge-files.mypinata.cloud/ipfs/QmPndy6Mvq8wctgpYw7NnMvc2UaDVFry3VZNFG8qJ6TX3e","d":"2026-11-03"},"access":{"s":2,"q":"\"investorType\":\"Non-US Professional Investors\" | \"tooltip\":\"500,000 USDC minimum initial subscription.\"","u":"https://centrifuge.mypinata.cloud/ipfs/bafkreifvha4rmdtai5jupdey65jabd3lowvrxn6qq3yz3gxmid6qlui35y","d":"2026-11-03"},"legalClaim":{"s":6,"q":"The token represents an ownership share in the Fund. It is prima facie evidence of ownership under BVI law in the same way as a share certificate would be. | The fund is approved and regulated by the BVI Financial Services Commission (BVI FSC).","u":"https://www.anemoy.io/funds/jtrsy","d":"2026-11-03"},"redemption":{"s":5,"q":"\"tooltip\":\"Daily subscriptions and redemptions; settlement is T+0 with a 10:00 ET cutoff, or T+1 with a 15:00 ET cutoff.\"","u":"https://centrifuge.mypinata.cloud/ipfs/bafkreifvha4rmdtai5jupdey65jabd3lowvrxn6qq3yz3gxmid6qlui35y","d":"2026-11-03"}},"ondo_ousg":{"access":{"s":3,"q":"Only individuals who have onboarded to our [Qualified-Access Funds](https://docs.ondo.finance/qualified-access-products/cash-management-101.md) can invest in, redeem, or transfer, or receive OUSG or any other Qualified-Access Product.","u":"https://docs.ondo.finance/qualified-access-products/ousg/eligibility-and-onboarding.md","d":"2026-11-03"},"legalClaim":{"s":4,"q":"The issuer of OUSG is Ondo I LP, a Delaware (USA) limited partnership (the \"Fund\") is not registered as an investment company under the 40 Act","u":"https://ondo.finance/ousg","d":"2026-11-03"},"redemption":{"s":8,"q":"Instant redemptions have a \\$50M **Global Limit**. This is the total value of OUSG that can be instantly redeemed by all investors combined within 24 hours. This Global Limit resets every 24 hours.","u":"https://docs.ondo.finance/qualified-access-products/ousg/instant-limits.md","d":"2026-11-03"},"feeLoad":{"s":5,"q":"Ondo charges a management fee of 0.15%, which we have waived until January 1, 2027. Fund expenses are capped at 0.15% per annum.","u":"https://docs.ondo.finance/qualified-access-products/ousg/fees-and-taxes.md","d":"2026-11-03"}},"openeden_tbill":{"feeLoad":{"s":3,"q":"Transaction Fee Rate Fee charged on subscription and redemption transactions 5 bps","u":"https://docs.openeden.com/tbill/fees","d":"2026-11-03"},"access":{"s":3,"q":"Deposits can only be initiated from whitelisted addresses after participants have successfully completed the [onboarding process](/tbill/investor-onboarding.md). Additionally, the first deposit must be at least 100,000 USDC, while subsequent deposits must be at least 1 USDC.","u":"https://docs.openeden.com/tbill/subscriptions.md","d":"2026-11-03"},"legalClaim":{"s":4,"q":"TBILL token holders are contractually entitled to a share of the redemption value of underlying assets held by the Fund, which corresponds to their investment.","u":"https://docs.openeden.com/tbill/faq.md","d":"2026-11-03"},"redemption":{"s":3,"q":"The requests in the redemption queue are processed in accordance with a First-In-First-Out (FIFO) model. Redemptions are typically processed on the next 1 U.S. business day.","u":"https://docs.openeden.com/tbill/redemptions.md","d":"2026-11-03"}},"circle_usyc":{"access":{"s":3,"q":"USYC offers yield-bearing exposure starting at $100,000, broadening access once limited by high minimums. | Shares of the Fund and USYC are only available to non-U.S. Persons, as defined under the Securities Act of 1933, as amended.","u":"https://www.circle.com/usyc","d":"2026-11-03"},"legalClaim":{"s":6,"q":"Each USYC token serves as a digital representation of a share of the Hashnote International Short Duration Fund Ltd. (the “Fund”), a Cayman Islands registered mutual fund.","u":"https://www.circle.com/usyc","d":"2026-11-03"},"redemption":{"s":6,"q":"Redemptions below the instant-redemption capacity 1 settle in one block time, which varies by chain. | Redemptions above the instant-redemption capacity settle T+0 or T+1.","u":"https://www.circle.com/usyc","d":"2026-11-03"},"feeLoad":{"s":5,"q":"Performance Fee 10% of Yield | After hours subscription fee Varies, based on a projected next price.","u":"https://www.circle.com/usyc","d":"2026-11-03"}}}}