# BFE Tokenized-Asset Fact Checker: full dataset as text Last updated: 2026-10-25 > Information, not investment advice. Facts are copied from cited issuer and regulator documents with retrieval dates; anything we could not verify is marked unknown. Nothing here is a recommendation, ranking, or eligibility determination about you. Cite as: Bitcoin Family Education Tokenized-Asset Fact Checker, retrieved , ## Bosera Digital Liquidity Income Fund SP (BELIF) URL: https://facts.bitcoinfamilyeducation.com/bosera-belif Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Product type: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Who can invest: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - KYC required: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Minimum initial investment: unknown (No issuer document found). - Subscription timing: unknown (Not found in public issuer documents reviewed). - Subscription currency: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: unknown (Not found in public issuer documents reviewed). - Redemption currency: unknown (Not found in public issuer documents reviewed). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: unknown (No issuer document found). - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: unknown (Not found in public issuer documents reviewed). - Latest reserve / holdings report: unknown (Not found in public issuer documents reviewed). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## Franklin OnChain U.S. Government Money Fund (FOBXX) (BENJI) URL: https://facts.bitcoinfamilyeducation.com/franklin-benji Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Franklin Templeton Trust / Franklin Advisers, Inc. (sub-advisor Western Asset since May 18, 2026). Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Product type: SEC-registered government money market fund (1940 Act, Rule 2a-7), shares recorded on-chain; $1.00 stable NAV. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Legal framework: Investment Company Act of 1940 registered fund. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Underlying holdings: At least 99.5% in US government securities, cash and fully collateralized repos. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Blockchains: Stellar, Aptos, Arbitrum, Avalanche, Base, Ethereum, Polygon, Solana (Stellar is the primary network; the others are available on request, subject to eligibility (prospectus Aug 1, 2026)). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (SEC-registered US mutual fund; individuals open accounts in the Benji app, institutions via the Institutional Web Portal). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - Who can invest: Individuals (Benji app), Institutions (Institutional Web Portal). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - KYC required: Yes (Fund collects information under its AML/KYC procedures before an account opens). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - Minimum initial investment: USD 20 (USD, varies by blockchain: Stellar $20; Aptos, Base, Solana $100; Polygon, Arbitrum $1,000; Avalanche $20,000; Ethereum $5,000,000. No minimum for later purchases. Fund may waive or change these.). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - Minimum by blockchain: Stellar: 20; Aptos: 100; Base: 100; Solana: 100; Polygon: 1,000; Arbitrum: 1,000; Avalanche: 20,000; Ethereum: 5,000,000 (USD, prospectus 'Buying Shares'). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - Subscription timing: Fund business days (NYSE and FRBNY open); NAV typically hourly 8am-5pm ET; same-day orders before 2pm PT. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Subscription currency: USD (Sales charge: none (no initial charge, no CDSC, no 12b-1)). Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Subscription / mint fee: None (no maximum initial charge, CDSC N/A, 12b-1 N/A). Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Redemption timing: Fund business days; same-day if received before 2pm PT. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Redemption currency: USD. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Redemption settlement: Proceeds sent by electronic funds transfer (ACH or Fed wire) within seven days of a request in proper form (Prospectus maximum; proceeds of recently purchased shares may be held until the transfer clears (up to ten calendar days)). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - Redemption fee: No CDSC. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Redemption limits or gates: Fund does not currently intend to impose liquidity fees; the board may add one after notice to shareholders. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm), retrieved 2026-10-25. - Management fee / expense ratio: Net expense ratio 0.20% (gross 0.22%), as of Aug 1, 2026. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Assets (issuer-reported): USD 667,960,000 as of 2026-09-30 (Total net assets). Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Reserve / holdings report type: SEC-registered fund: monthly portfolio holdings, Form N-MFP, annual and semi-annual reports. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX (Documents tab). Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Report as-of date: 2026-09-30 (latest monthly holdings listed). Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. - Ratings: S&P AAAm, Fitch AAAmmf, Moody's Aaa-mf. Source: Franklin Templeton (https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX), retrieved 2026-10-25. ## BlackRock USD Institutional Digital Liquidity Fund (BUIDL) URL: https://facts.bitcoinfamilyeducation.com/blackrock-buidl Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: BlackRock USD Institutional Digital Liquidity Fund Ltd. (British Virgin Islands); tokenized and placed by Securitize (Entity name and jurisdiction from SEC Form D/A filed 2026-07-27 (accession 0002013810-26-000002)). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2013810/000201381026000002/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Product type: Tokenized private fund shares (stable $1 NAV, dividends paid as new tokens). Source: Arbitrum governance forum (Securitize application) (https://forum.arbitrum.foundation/t/securitize-markets-buidl-step-application/23652), retrieved 2026-10-25. - Legal framework: Private placement under Reg D Rule 506(c); Investment Company Act exemptions 3(c)(1)/3(c)(7) claimed on Form D (SEC Form D/A filed 2026-07-27 lists exemptions 06c, 3C and 3C.7). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2013810/000201381026000002/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Blockchains: Ethereum, Aptos, Arbitrum, Avalanche, OP Mainnet, Polygon, Solana (Ethereum (launch, Mar 2024); Aptos, Arbitrum, Avalanche, OP Mainnet, Polygon share classes per BlackRock release Nov 13, 2024; Solana per Securitize release Mar 25, 2025. Later additions not confirmed in an issuer document.). Source: BlackRock press release (https://www.prnewswire.com/news-releases/blackrock-launches-new-buidl-share-classes-across-multiple-blockchains-to-expand-access-and-potential-of-buidl-ecosystem-302304035.html), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (US offering under Rule 506(c) with 3(c)(7): US buyers must be accredited and qualified purchasers (Form D/A 2026-07-27 reports no non-accredited investors)). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2013810/000201381026000002/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Who can invest: Accredited investors who are qualified purchasers (US) (Form D/A (2026-07-27): 28 investors, none non-accredited. Qualified purchaser test for individuals is at least $5M in investments (15 U.S.C. 80a-2(a)(51)).). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2013810/000201381026000002/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - KYC required: Yes (Whitelisted wallets only). Source: Arbitrum governance forum (Securitize application) (https://forum.arbitrum.foundation/t/securitize-markets-buidl-step-application/23652), retrieved 2026-10-25. - Minimum initial investment: Sources disagree. USD 5,000,000 (Disputed. BlackRock's own releases (Mar 20, 2024 and Nov 13, 2024) state an initial investment minimum of USD 5,000,000. Every SEC Form D for the fund (2024-03-18, 2025-07-18 and the 2026-07-27 amendment) lists USD 100,000 as the minimum investment accepted from any outside investor. The filing figure may be a legal floor rather than the operating minimum; confirm with Securitize.). Source: BlackRock press release (https://www.prnewswire.com/news-releases/blackrock-launches-new-buidl-share-classes-across-multiple-blockchains-to-expand-access-and-potential-of-buidl-ecosystem-302304035.html), retrieved 2026-10-25. - Minimum redemption: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Subscription timing: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Subscription currency: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Redemption currency: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Redemption settlement: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Management fee / expense ratio: 0.50% (Ethereum, Arbitrum, OP Mainnet share classes); 0.20% (Aptos, Avalanche, Polygon share classes) (Fee is set per share class (blockchain), so 0.50% and 0.20% are both correct for different classes. Source: BlackRock release Nov 13, 2024. Solana and later class fees not stated in an issuer document we found.). Source: BlackRock press release (https://www.prnewswire.com/news-releases/blackrock-launches-new-buidl-share-classes-across-multiple-blockchains-to-expand-access-and-potential-of-buidl-ecosystem-302304035.html), retrieved 2026-10-25. - Total sold since launch (SEC Form D): USD 5,135,523,412 as of 2026-07-23 (Total amount sold since first sale, per Form D/A (signed 2026-07-23). Cumulative sales, not current AUM.). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2013810/000201381026000002/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Assets (issuer-reported): unknown (BlackRock/Securitize publish no public AUM figure for BUIDL that we found (checked 2026-10-25). Aggregator figures are not republished here.). - Reserve / holdings report type: unknown (No public reserve or holdings report page for BUIDL found from BlackRock or Securitize (checked 2026-10-25)). - Latest reserve / holdings report: unknown (Not found in public issuer documents reviewed). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## ChinaAMC USD Digital Money Market Fund (Tokenized Unlisted Class I USD) (CUMIU) URL: https://facts.bitcoinfamilyeducation.com/chinaamc-cumiu Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: ChinaAMC Digital OFC; manager China Asset Management (Hong Kong) Limited; tokenization agent Standard Chartered Bank (HK) via Libeara. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Product type: SFC-authorized Hong Kong money market fund, tokenized unlisted share class. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Legal framework: Hong Kong open-ended fund company (OFC) sub-fund; Product Key Facts April 2026. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Blockchains: Ethereum (permissioned Libeara platform). Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Open to US persons (per issuer): unknown (Not stated in Key Facts). - Who can invest: Investors via SFC-licensed Eligible Distributors (incl. retail) (Retail investors may only subscribe/redeem through Eligible Distributors). Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - KYC required: Yes (Account with Eligible Distributor). Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Minimum initial investment: USD 1,000 (Class I USD: USD 1,000 initial/additional/holding). Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Subscription timing: Daily. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Subscription currency: USD (off-chain cash settlement). Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Subscription / mint fee: Up to 3% (check with distributor). Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Redemption timing: Daily. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Redemption currency: USD. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: Up to 5% (check with distributor). Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Redemption limits or gates: No peer-to-peer transfer or secondary-market trading of tokenized shares. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Management fee / expense ratio: 0.05% p.a. (Class I); ongoing charges Class I USD ~0.16%; tokenization fee 0.055% p.a.. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Transferability: No peer-to-peer transfer; primary market only. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/chinaamc/resources/E-KFS-ChinaAMCUSDDigitalMMF(UnlistedClass)(April2026).pdf), retrieved 2026-10-25. - Assets (issuer-reported): USD 564,330,000 as of 2026-08-31. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Factsheet_USDDTMMF_20260831_EN_1789617629732.pdf), retrieved 2026-10-25. - Reserve / holdings report type: Monthly fund factsheet; annual/semi-annual reports. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Factsheet_USDDTMMF_20260831_EN_1789617629732.pdf), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Factsheet_USDDTMMF_20260831_EN_1789617629732.pdf. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Factsheet_USDDTMMF_20260831_EN_1789617629732.pdf), retrieved 2026-10-25. - Report as-of date: 2026-08-31. Source: ChinaAMC (https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Factsheet_USDDTMMF_20260831_EN_1789617629732.pdf), retrieved 2026-10-25. ## Fidelity Treasury Digital Fund (OnChain class) (FYOXX) URL: https://facts.bitcoinfamilyeducation.com/fidelity-fdit Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Fidelity Hereford Street Trust; adviser Fidelity Management & Research Company LLC (Summary prospectus (SEC Form 497K, Fidelity Hereford Street Trust) dated June 29, 2026). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Product type: SEC-registered money market fund (invests consistent with Rule 2a-7); OnChain share class with ownership also recorded on a public blockchain (Summary prospectus (SEC Form 497K, Fidelity Hereford Street Trust) dated June 29, 2026). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Legal framework: Investment Company Act of 1940 registered fund (Summary prospectus (SEC Form 497K, Fidelity Hereford Street Trust) dated June 29, 2026). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Underlying holdings: At least 99.5% of total assets in cash and US Treasury securities; the fund will not invest in crypto assets (Summary prospectus (SEC Form 497K, Fidelity Hereford Street Trust) dated June 29, 2026). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Blockchains: Ethereum (Ownership also recorded on a public blockchain; the transfer agent's book-entry record is official and is reconciled at least daily. Ethereum transaction fees currently borne by the Adviser or affiliates). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (US registered fund; offered to institutional investors). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Who can invest: Certain institutional investors who complete an application with the fund (Summary prospectus (SEC Form 497K, Fidelity Hereford Street Trust) dated June 29, 2026). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - KYC required: Yes (Fund collects information under its AML and KYC policies before opening an account). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Minimum initial investment: USD 1,000,000 (USD 1,000,000 initial; the fund may waive or lower it). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Subscription timing: At the NAV next calculated after an order in proper form; open each day the NYSE is open, and on days the New York Fed is open even if the NYSE is closed. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Subscription / mint fee: None (no shareholder fees). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Subscription currency: unknown (Not stated in the summary prospectus). - Redemption timing: At the NAV next calculated after an order in proper form, on fund business days. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Redemption fee: None (no shareholder fees). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Redemption settlement: unknown (Not stated in the summary prospectus; see the full prospectus). - Redemption limits or gates: unknown (Not stated in the summary prospectus; see the full prospectus). - Management fee / expense ratio: Management fee 0.25%; total 0.25%; fee waiver 0.05%; net 0.20% (Contractual reimbursement for the OnChain class through August 31, 2027). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Assets (issuer-reported): unknown (No fund-level AUM for the OnChain class found in an issuer document we could open (checked 2026-10-25)). - Reserve / holdings report type: SEC-registered fund reporting (prospectus, shareholder reports, Form N-MFP). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. - Report as-of date: unknown (Holdings date not captured from an issuer page (checked 2026-10-25)). - GENIUS Act note: Prospectus says the fund invests in compliance with money market fund rules and any applicable GENIUS Act requirements for quality, maturity, liquidity and diversification. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/917286/000091728626000093/filing12075.htm), retrieved 2026-10-25. ## Franklin OnChain U.S. Government Liquidity Fund (Luxembourg UCITS), AB (Ddis) USD class (gBENJI) URL: https://facts.bitcoinfamilyeducation.com/franklin-gbenji Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Franklin Templeton OnChain Funds (FTOCF), Luxembourg. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Product type: UCITS money market fund (daily dividends), tokenized register. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Legal framework: UCITS, notified for marketing in multiple EU member states. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): unknown (Not found in public issuer documents reviewed). - Who can invest: unknown (Share-class eligibility not stated in the issuer factsheet, checked 2026-10-25). - KYC required: unknown (Not found in public issuer documents reviewed). - Minimum initial investment: USD 20 (USD 20, AB (Ddis) USD class, per issuer factsheet as of 30 September 2026). Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Subscription timing: unknown (Not found in public issuer documents reviewed). - Subscription currency: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: Max initial charge 1.50% (AB class). Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Redemption timing: unknown (Not found in public issuer documents reviewed). - Redemption currency: unknown (Not found in public issuer documents reviewed). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: No exit charge. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: Ongoing charges figure 0.20% (AB (Ddis) USD class) (Factsheet as of 30 September 2026; no performance fee). Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Assets (issuer-reported): USD 57,950,000 as of 2026-09-30. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Reserve / holdings report type: Monthly factsheet; annual/semi-annual reports at ftidocuments.com. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. - Report as-of date: 2026-09-30. Source: Franklin Templeton (https://www.franklintempleton.lu/download/en-lu/factsheet/b5f78498-90f7-44b3-8059-9a07c0d478d8/Factsheet-FranklinOnChainUSGovernmentMoneyFund-AB(Ddis)USD-41372-PX1-FF-LU-en-GB.PDF), retrieved 2026-10-25. ## Franklin OnChain Institutional Liquidity Fund Ltd. (iBENJI) URL: https://facts.bitcoinfamilyeducation.com/franklin-ibenji Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Franklin OnChain Institutional Liquidity Fund Ltd. (BVI professional fund; Franklin Advisers as manager) (BVI FSC lists it as a currently regulated Professional Fund). Source: BVI FSC (https://www.bvifsc.vg/regulated-entities/franklin-onchain-institutional-liquidity-fund-ltd), retrieved 2026-10-25. - Product type: Private pooled investment fund (Form D industry: pooled investment fund); not a registered 1940 Act fund. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068319/000206831926000001/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Legal framework: Private placement under Reg D Rule 506(b); Investment Company Act 3(c)(7) (SEC Form D/A filed 2026-10-06 (accession 0002068319-26-000001); original Form D 2025-05-29). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068319/000206831926000001/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Blockchains: unknown (No public Franklin document listing iBENJI networks found (checked 2026-10-25)). - Open to US persons (per issuer): Yes (US offering relies on 3(c)(7): US buyers must be qualified purchasers). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068319/000206831926000001/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Who can invest: Qualified purchasers (US, 3(c)(7)) (Form D/A reports $0 sold and 0 investors as of signature date 2026-05-28. Non-US eligibility not stated in a document we could read.). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068319/000206831926000001/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - KYC required: unknown (Not stated in a public Franklin document (checked 2026-10-25)). - Minimum initial investment: USD 5,000,000 (USD; Form D 'minimum investment accepted from any outside investor'). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068319/000206831926000001/xslFormDX01/primary_doc.xml), retrieved 2026-10-25. - Subscription timing: unknown (No public offering document). - Subscription currency: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: unknown (No public offering document). - Redemption currency: unknown (Not found in public issuer documents reviewed). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: unknown (No public fee disclosure found). - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25)). - Reserve / holdings report type: unknown (No public reserve/holdings report found). - Latest reserve / holdings report: unknown (Not found in public issuer documents reviewed). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## JPMorgan OnChain Liquidity-Token Money Market Fund (Token Class) (JLTXX) URL: https://facts.bitcoinfamilyeducation.com/jpmorgan-jltxx Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: JPMorgan Trust IV / J.P. Morgan Investment Management Inc.. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1659326/000119312526217426/d112367d497k.htm), retrieved 2026-10-25. - Product type: SEC-registered government money market fund (Rule 2a-7), stable $1.00 NAV, tokenized share class. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Legal framework: Investment Company Act of 1940 registered fund; managed to satisfy GENIUS Act eligible reserve-asset requirements. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Underlying holdings: US Treasury bills/notes/bonds, overnight repo fully collateralized by Treasuries, cash. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Blockchains: Ethereum (Launch release (May 13, 2026): 'now available on the public Ethereum blockchain'. Other networks not confirmed in an issuer document.). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (Launched as 'available to U.S. investors'). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/), retrieved 2026-10-25. - Who can invest: Qualified investors subscribing through Morgan Money. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/), retrieved 2026-10-25. - KYC required: Yes (Morgan Money platform account). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/), retrieved 2026-10-25. - Minimum initial investment: USD 1,000,000. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Subscription timing: Daily; dealing deadline 5:00 PM ET. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Subscription currency: USD, Stablecoins via a third-party vendor. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/), retrieved 2026-10-25. - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: Daily; dealing deadline 5:00 PM ET. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Redemption currency: USD, Stablecoins via a third-party vendor. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: Government MMF: board has not elected liquidity fees. Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/1659326/000119312526217426/d112367d497k.htm), retrieved 2026-10-25. - Management fee / expense ratio: Net expenses 0.16% (gross 0.71%; management fee 0.08%), waivers through 6/30/2028. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Assets (issuer-reported): USD 628,480,000 as of 2026-09-30 (Fund assets). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Reserve / holdings report type: SEC-registered fund: monthly fact sheet, holdings, Form N-MFP. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Latest reserve / holdings report: https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - Report as-of date: 2026-09-30. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. - GENIUS Act note: Fund states it is managed to satisfy GENIUS Act eligible reserve-asset requirements for stablecoin issuers. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/money-market/fs-ocltmm-t.pdf), retrieved 2026-10-25. ## Janus Henderson Anemoy Treasury Fund (JTRSY) URL: https://facts.bitcoinfamilyeducation.com/anemoy-jtrsy Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Janus Henderson Anemoy Treasury Fund (Anemoy, British Virgin Islands; approved and regulated by the BVI FSC). Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Product type: Tokenized BVI professional fund shares (direct ownership), accumulating NAV. Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Legal framework: BVI Professional Fund regulated by BVI FSC; Regulation S offering. Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Blockchains: Ethereum, Base, Arbitrum, others (issuer says 'and more'). Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Open to US persons (per issuer): unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Who can invest: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - KYC required: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Minimum initial investment: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Subscription timing: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Subscription currency: USDC (Issuer page: investments and redemptions in USDC). Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Subscription / mint fee: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Redemption timing: Daily. Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Redemption currency: USDC. Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Redemption settlement: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Redemption fee: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Redemption limits or gates: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Management fee / expense ratio: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: On-chain Chronicle Proof of Asset feed; near real-time holdings via Centrifuge. Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Latest reserve / holdings report: https://app.centrifuge.io/pool/281474976710662. Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. - Report as-of date: Continuous (on-chain). Source: Anemoy (https://www.anemoy.io/funds/jtrsy), retrieved 2026-10-25. ## J.P. Morgan My OnChain Net Yield Fund (MONY) URL: https://facts.bitcoinfamilyeducation.com/jpmorgan-mony Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: My OnChain Net Yield Fund Ltd (BVI), J.P. Morgan Asset Management; tokenized via Kinexys Digital Assets. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Product type: Private placement money fund (follows Rule 2a-7 guidelines but not subject to it). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Legal framework: Reg D 506(c) private placement, BVI-domiciled, distributed in US and non-US. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Underlying holdings: US Treasury securities only (no crypto exposure). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): Yes (Distributed in US and non-US jurisdictions to qualified investors). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Who can invest: Qualified investors (institutional/professional). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - KYC required: Yes (AML/KYC onboarding; own blockchain address required). Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Minimum initial investment: USD 1,000,000. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Subscription timing: unknown (Not found in public issuer documents reviewed). - Subscription currency: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: unknown (Not found in public issuer documents reviewed). - Redemption currency: unknown (Not found in public issuer documents reviewed). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: 16 basis points. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Transferability: Investors may transfer token balances to other investors. Source: J.P. Morgan Asset Management (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/liq/literature/brochure/tokenization-faq.pdf), retrieved 2026-10-25. - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: unknown (No public holdings report found). - Latest reserve / holdings report: unknown (Not found in public issuer documents reviewed). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## Midas mTBILL (mTBILL) URL: https://facts.bitcoinfamilyeducation.com/midas-mtbill Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Midas Software GmbH (German SPV). Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. - Product type: Tokenized debt instrument under German law tracking US T-bills with maturity below 3 months; collateral pledged to a security agent (Ankura Trust Company, LLC) for tokenholders. Source: Midas Final Terms (PDF) (https://content.gitbook.com/content/MndxFHqGeA4nzBBeKDTV/blobs/CW63vj1DUVsXz0rqYauE/Midas_Final_Terms_mTBILL_Update_2025.pdf), retrieved 2026-10-25. - Legal framework: Public offer under EU Prospectus Regulation (prospectus approved by Liechtenstein FMA). Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. - Blockchains: Ethereum, Base. Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. - Open to US persons (per issuer): No. Source: Midas (https://docs.midas.app/legal/eligibility-and-compliance), retrieved 2026-10-25. - Who can invest: Investors in the public offer under the EU Prospectus Regulation (base prospectus dated 17 July 2025); US persons excluded (US exclusion per Midas eligibility page; KYC required for primary mint and redeem). Source: Midas Final Terms (PDF) (https://content.gitbook.com/content/MndxFHqGeA4nzBBeKDTV/blobs/CW63vj1DUVsXz0rqYauE/Midas_Final_Terms_mTBILL_Update_2025.pdf), retrieved 2026-10-25. - KYC required: Yes (KYC for primary mint/redeem; token itself transferable). Source: Midas Final Terms (PDF) (https://content.gitbook.com/content/MndxFHqGeA4nzBBeKDTV/blobs/CW63vj1DUVsXz0rqYauE/Midas_Final_Terms_mTBILL_Update_2025.pdf), retrieved 2026-10-25. - Minimum initial investment: USD 1 (USD 1.00 minimum investment amount). Source: Midas Final Terms (PDF) (https://content.gitbook.com/content/MndxFHqGeA4nzBBeKDTV/blobs/CW63vj1DUVsXz0rqYauE/Midas_Final_Terms_mTBILL_Update_2025.pdf), retrieved 2026-10-25. - Subscription timing: unknown (Not found in public issuer documents reviewed). - Subscription currency: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: At any time. Source: Midas Final Terms (PDF) (https://content.gitbook.com/content/MndxFHqGeA4nzBBeKDTV/blobs/CW63vj1DUVsXz0rqYauE/Midas_Final_Terms_mTBILL_Update_2025.pdf), retrieved 2026-10-25. - Redemption currency: USD, USDC, USDT, EUR. Source: Midas Final Terms (PDF) (https://content.gitbook.com/content/MndxFHqGeA4nzBBeKDTV/blobs/CW63vj1DUVsXz0rqYauE/Midas_Final_Terms_mTBILL_Update_2025.pdf), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: Sources disagree. Final Terms: annual fee 10% of annual interest earnings (waived until December 2024) (Disputed. Midas product page shows 0% management fee and 5% performance fee; the Final Terms (prospectus document) state an annual fee of 10% of annual interest earnings. We show both.). Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. - Transferability: Token transferable without whitelist; KYC applies to mint/redeem. Source: Midas Final Terms (PDF) (https://content.gitbook.com/content/MndxFHqGeA4nzBBeKDTV/blobs/CW63vj1DUVsXz0rqYauE/Midas_Final_Terms_mTBILL_Update_2025.pdf), retrieved 2026-10-25. - Assets (issuer-reported): USD 77,990,000 as of 2026-10-25 (TVL on product page). Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. - Reserve / holdings report type: Midas Attestation Engine (on-chain checkpoints) on the product page (Ankura Trust Company is the Security Agent holding the collateral pledge, per the Final Terms). Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. - Latest reserve / holdings report: https://midas.app/mtbill (Attestation widget did not load at retrieval). Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. - Report as-of date: Exposure updated 2026-10-22. Source: Midas (https://midas.app/mtbill), retrieved 2026-10-25. ## Ondo Short-Term US Government Treasuries Fund (OUSG) URL: https://facts.bitcoinfamilyeducation.com/ondo-ousg Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Ondo I LP (Ondo Qualified-Access Funds) (Legal structure: limited partnership interests). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Product type: Tokenized limited partnership interests (fund of tokenized money market funds). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Legal framework: Continuous Regulation D Rule 506(c) offering. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Underlying holdings: Mostly tokenized MMFs: SWEEP 47.49%, BUIDL 31.96%, BENJI 12.18%, FYOXX 7.38%, plus USDC and bank deposits (as of Oct 23, 2026). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Blockchains: Ethereum, Polygon, Solana, XRP Ledger. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (Eligible countries including the US). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Who can invest: Accredited investor, Qualified purchaser (Ondo requires both. Qualified purchaser test (15 U.S.C. 80a-2(a)(51)): individuals owning at least $5M in investments; most entities at least $25M in investments.). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - KYC required: Yes (Must onboard to Ondo Qualified-Access Funds to invest, redeem, hold or receive). Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/eligibility-and-onboarding), retrieved 2026-10-25. - Minimum initial investment: USD 5,000 (USD 5,000 for instant mints in USDC (0% fee). Regular (non-instant, USD) subscriptions: USD 100,000 minimum.). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Minimum redemption: USD 5,000 (USD 5,000 for instant redemptions. Regular (non-instant) redemptions: USD 50,000 minimum.). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Subscription timing: 24/7 instant via USDC; daily via USD. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Subscription currency: USDC, USD (wire). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Subscription / mint fee: 0% instant mint fee. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Redemption timing: 24/7 instant via USDC; business days via USD. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Redemption currency: USDC, USD. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Redemption settlement: Instant (atomic) for instant redemptions; non-instant typically next business day if submitted before 4pm ET. Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/redeeming), retrieved 2026-10-25. - Redemption fee: 0% instant redemption fee. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Redemption limits or gates: Instant mint/redeem limits apply. Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/redeeming), retrieved 2026-10-25. - Management fee / expense ratio: 0.15% (waived to 0% until Jan 1, 2027). Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/fees-and-taxes), retrieved 2026-10-25. - Other fees: Fund expenses up to 0.15% p.a.; underlying fund expenses reduce returns. Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Transferability: Only onboarded Qualified-Access investors may hold, transfer or receive. Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/eligibility-and-onboarding), retrieved 2026-10-25. - Assets (issuer-reported): USD 319,376,537 as of 2026-10-23 (Value of underlying assets). Source: Ondo (https://ondo.finance/ousg), retrieved 2026-10-25. - Reserve / holdings report type: Daily financials from fund administrator NAV Consulting (may lag up to 3 days); annual audit provided to investors. Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/trust-and-transparency), retrieved 2026-10-25. - Latest reserve / holdings report: https://drive.google.com/drive/folders/1Ti8IzoXTibM3B2RWxystT38ISrPH-rRP. Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/trust-and-transparency), retrieved 2026-10-25. - Report as-of date: Daily (up to 3-day lag). Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/trust-and-transparency), retrieved 2026-10-25. - Tax note: Taxed as a partnership; investors receive Schedule K-1. Source: Ondo (https://docs.ondo.finance/qualified-access-products/ousg/fees-and-taxes), retrieved 2026-10-25. ## Franklin OnChain U.S. Dollar Short-Term Money Market Fund (Singapore) (sgBENJI) URL: https://facts.bitcoinfamilyeducation.com/franklin-sgbenji Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Franklin Templeton Investments VCC (Singapore). Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Product type: Singapore VCC money market sub-fund, register maintained on public blockchain. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Legal framework: MAS-approved retail tokenized fund (per Franklin press release). Source: Franklin Templeton (https://www.franklintempleton.com.sg/press-releases/franklin-templeton-receives-mas-approval-to-launch-first-retail-tokenized-fund-in-singapore), retrieved 2026-10-25. - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): unknown (Not found in public issuer documents reviewed). - Who can invest: Singapore investors via distributors (e.g., DBS); retail per MAS approval. Source: Franklin Templeton (https://www.franklintempleton.com.sg/press-releases/franklin-templeton-collaborates-with-dbs-bank-to-launch-singapores-first-tokenized-retail-fund), retrieved 2026-10-25. - KYC required: Yes (Via distributor account). Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Minimum initial investment: USD 20 (USD). Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Subscription timing: unknown (Not found in public issuer documents reviewed). - Subscription currency: Cash. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Subscription / mint fee: Max initial charge 1.00%. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Redemption timing: unknown (Not found in public issuer documents reviewed). - Redemption currency: unknown (Not found in public issuer documents reviewed). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: No exit charge. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Redemption limits or gates: Possible 10% per-dealing-day redemption limit (deferral to next dealing day). Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Management fee / expense ratio: Total expense ratio 0.20%. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Assets (issuer-reported): USD 75,290,000 as of 2026-09-30 (Total net assets). Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Reserve / holdings report type: Monthly factsheet. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Report as-of date: 2026-09-30. Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. - Other fact: 75,290,000 (Issuer factsheet total net assets $75.29M (Sep 30, 2026)19M (Oct 25, 2026).). Source: Franklin Templeton (https://www.franklintempleton.com.sg/download/en-sg/factsheet/9b6b69a8-545f-49fc-a623-9fe44f0ac6a6/Factsheet-FranklinOnChainUSDollarShort-TermMoneyMarketFund-A(acc)USD-41715-A-FF-SG-en-GB.PDF), retrieved 2026-10-25. ## iShares 0-1 Year Treasury Bond ETF (Ondo Tokenized) (SHVon) URL: https://facts.bitcoinfamilyeducation.com/ondo-shvon Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Ondo Global Markets (BVI) Limited. Source: Ondo (https://docs.ondo.finance/ondo-stocks/eligibility), retrieved 2026-10-25. - Product type: Ondo Global Markets tokenized stock/ETF exposure (economic exposure to SHV, not the ETF shares). Source: Ondo (https://docs.ondo.finance/ondo-stocks/important-notes), retrieved 2026-10-25. - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): No (US persons and persons in the US prohibited). Source: Ondo (https://docs.ondo.finance/ondo-stocks/eligibility), retrieved 2026-10-25. - Who can invest: Non-US investors (retail where allowed), Professional/qualified investors in restricted jurisdictions. Source: Ondo (https://docs.ondo.finance/ondo-stocks/eligibility), retrieved 2026-10-25. - KYC required: Yes. Source: Ondo (https://docs.ondo.finance/ondo-stocks/onboarding-and-kyc), retrieved 2026-10-25. - Excluded jurisdictions: Afghanistan, Belarus, Canada, Crimea/DNR/LNR/Kherson/Zaporizhzhia/Sevastopol, Cuba, North Korea, Iran, Libya, Myanmar, Russia, Somalia, South Sudan, Sudan, Syria, United States. Source: Ondo (https://docs.ondo.finance/ondo-stocks/eligibility), retrieved 2026-10-25. - Minimum initial investment: unknown (Not found in public issuer documents reviewed). - Subscription timing: unknown (Not found in public issuer documents reviewed). - Subscription currency: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: unknown (Not found in public issuer documents reviewed). - Redemption currency: unknown (Not found in public issuer documents reviewed). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: unknown (Not stated in Ondo SHVon documents, checked 2026-10-25). - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: unknown (Not found in public issuer documents reviewed). - Latest reserve / holdings report: unknown (Not found in public issuer documents reviewed). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) URL: https://facts.bitcoinfamilyeducation.com/galaxy-statestreet-sweep Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Investment manager SSGA Funds Management, Inc. (with Galaxy Asset Management). Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Product type: Tokenized liquidity fund (non-rebasing), holds PYUSD reserves for 24/7 liquidity. Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Legal framework: unknown (Fund domicile/exemption not stated on page). - Underlying holdings: US Treasury bills/notes/bonds, Treasury-backed repo, TIPS/FRNs, USD deposits and stablecoins. Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Blockchains: Solana (at launch). Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Open to US persons (per issuer): unknown (Not stated on page). - Who can invest: unknown (Not stated; minimums imply institutional/HNW). - KYC required: unknown (Not found in public issuer documents reviewed). - Minimum initial investment: $5,000,000 (entities) / $1,000,000 (individuals). Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Subscription timing: Stablecoins any time; USD on business days. Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Subscription currency: PYUSD, USDC, USD (Fedwire). Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: Daily on business days (USD by 2:00 PM ET); PYUSD 24/7 subject to portfolio availability. Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Redemption currency: USD, PYUSD. Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: 24/7 PYUSD redemptions subject to available stablecoin liquidity. Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Management fee / expense ratio: 0.50% p.a. total expense ratio. Source: Galaxy (https://am.galaxy.com/galaxy-state-street-sweep-fund), retrieved 2026-10-25. - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: unknown (No public holdings report on page). - Latest reserve / holdings report: unknown (Not found in public issuer documents reviewed). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## OpenEden TBILL Vault (TBILL) URL: https://facts.bitcoinfamilyeducation.com/openeden-tbill Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: TBILL Fund (BVI); vault developer River Labs Pte Ltd. Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Product type: Tokenized fund shares (NAV-priced token, accumulating). Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Blockchains: unknown (Not stated in OpenEden TBILL FAQ (checked 2026-10-25)). - Open to US persons (per issuer): Yes (US Accredited Investors (Reg D Rule 501(a)) eligible). Source: OpenEden (https://docs.openeden.com/tbill/investor-onboarding), retrieved 2026-10-25. - Who can invest: BVI SIBA Professional Investors, US Accredited Investors. Source: OpenEden (https://docs.openeden.com/tbill/investor-onboarding), retrieved 2026-10-25. - KYC required: Yes (KYC + KYT; wallet whitelisted on-chain). Source: OpenEden (https://docs.openeden.com/tbill/investor-onboarding), retrieved 2026-10-25. - Minimum initial investment: USD 100,000 (USDC; subsequent deposits 1 USDC). Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Minimum redemption: USD 1 (USDC). Source: OpenEden (https://docs.openeden.com/tbill/redemptions), retrieved 2026-10-25. - Subscription timing: 24/7 on-chain deposits. Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Subscription currency: USDC. Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Subscription / mint fee: 5 bps. Source: OpenEden (https://docs.openeden.com/tbill/fees), retrieved 2026-10-25. - Redemption timing: Requests anytime; FIFO queue. Source: OpenEden (https://docs.openeden.com/tbill/redemptions), retrieved 2026-10-25. - Redemption currency: USDC. Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Redemption settlement: Typically next US business day. Source: OpenEden (https://docs.openeden.com/tbill/redemptions), retrieved 2026-10-25. - Redemption fee: 5 bps. Source: OpenEden (https://docs.openeden.com/tbill/fees), retrieved 2026-10-25. - Redemption limits or gates: Whitelisted addresses only; transfers only to other whitelisted investors. Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Management fee / expense ratio: 0.35% p.a. total expense ratio; 5 bps on subscriptions and redemptions (From OpenEden's dedicated fees page (checked 2026-10-25). The OpenEden FAQ still shows an older 30 bps figure.). Source: OpenEden (https://docs.openeden.com/tbill/fees), retrieved 2026-10-25. - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: Daily and monthly NAV reports from fund administrator (Protege Fund Services); auditor TJ Assurance. Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Latest reserve / holdings report: https://openeden.com/tbill/data-room/ (Data room link from search results). Source: OpenEden (https://docs.openeden.com/tbill/faq), retrieved 2026-10-25. - Report as-of date: unknown (Latest report date not captured). ## Ondo US Dollar Yield Token (USDY) URL: https://facts.bitcoinfamilyeducation.com/ondo-usdy Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Sources disagree. Ondo Global Markets (BVI) Limited (tokenization services by Ondo Finance Inc.) (Disputed. Ondo's USDY important notes say USDY is issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company; the ondo.finance/usdy page shows 'Issuer Domicile: United States'.). Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/important-notes), retrieved 2026-10-25. - Product type: Tokenized bearer note (debt issued by bankruptcy-remote entity), accumulating price; rebasing version rUSDY. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Legal framework: Continuous Regulation S offering; issuer not registered under the Investment Company Act. Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/important-notes), retrieved 2026-10-25. - Underlying holdings: Short-term US Treasuries, iShares 0-1yr Treasury ETF (tokenized SHVon) and bank demand deposits. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Blockchains: Ethereum, Mantle, Solana, Sui, Aptos, Noble, Arbitrum, Stellar, Sei, Tempo, BNB Chain. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Open to US persons (per issuer): No (US persons (Reg S Rule 902) prohibited from subscribing, acquiring or redeeming). Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/eligibility), retrieved 2026-10-25. - Who can invest: Non-US individuals, Non-US institutions (Qualified/professional investor status required in UK, EEA, Switzerland, Singapore, Hong Kong, Malaysia, Brazil). Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - KYC required: Yes (Buy directly after onboarding; may be traded peer-to-peer on-chain (freely transferable after holding period per issuer)). Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Excluded jurisdictions: Afghanistan, Belarus, Canada, Crimea/DNR/LNR/Kherson/Zaporizhzhia/Sevastopol, Cuba, North Korea, Iran, Libya, Myanmar, Russia, Somalia, South Sudan, Sudan, Syria, United States. Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/eligibility), retrieved 2026-10-25. - Restricted jurisdictions: EEA: Professional client / qualified investor; UK: Professional client / qualified investor; Switzerland: Professional or institutional client; Singapore: Accredited or institutional investor; Hong Kong: Professional investor; Malaysia: Sophisticated investor; Brazil: Qualified or professional investor. Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/eligibility), retrieved 2026-10-25. - Minimum initial investment: unknown (Ondo pages reviewed state a $5,000 minimum only for minting on Sui/Aptos/Stellar/XRP/Noble and USD wires for $100K+; general web-app minimum not stated). - Other: $5,000 minimum to mint/redeem on Sui, Aptos, Stellar, XRP or Noble; USD bank wire subscriptions for $100K+. Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/basics), retrieved 2026-10-25. - Subscription timing: Daily (mint with USDC at any time after onboarding). Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/basics), retrieved 2026-10-25. - Subscription currency: USDC, USD (wire, $100K+). Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/basics), retrieved 2026-10-25. - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: Daily. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Redemption currency: USDC (via Ondo Global Markets), USD by wire to non-US bank accounts only. Source: Ondo (https://docs.ondo.finance/general-access-products/usdy/basics), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: Only non-US persons may redeem; USD only to non-US bank accounts. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Management fee / expense ratio: unknown (No separate management fee stated on pages reviewed; token yield is set by issuer (issuer economics not disclosed on these pages)). - Transferability: Freely transferable (permissionless bearer token), subject to issuer terms. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Assets (issuer-reported): usdy_outstanding_usd: 2,060,000,000; underlying_assets_usd: 2,404,341,313; collateralization_ratio_pct: 153.73; as_of: 2026-10-22 (Ondo 'Portfolio Overview' as of Oct 22, 2026 7:59pm EDT, figures as displayed. Note: underlying assets divided by USDY outstanding is about 116.7%, which does not match the displayed 153.73% ratio; Ondo does not explain the method on that page.). Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Reserve / holdings report type: Issuer-published portfolio overview (positions, WAM, YTM) on product page. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Latest reserve / holdings report: https://ondo.finance/usdy. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Report as-of date: 2026-10-22. Source: Ondo (https://ondo.finance/usdy), retrieved 2026-10-25. - Third party attestation: unknown (No independent attestation report link found on the pages reviewed). ## Superstate Invesco Short Duration US Government Securities Fund (USTB) (USTB) URL: https://facts.bitcoinfamilyeducation.com/superstate-ustb Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Series of a Delaware statutory trust; investment manager Invesco Advisers, Inc.; transfer agent Superstate Services LLC. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Product type: Tokenized private fund (continuous NAV, accumulating). Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Legal framework: Private fund, not registered under the Investment Company Act. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Underlying holdings: Short-duration US Treasury bills. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Blockchains: Ethereum, Solana, Plume, Book-entry. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (Information intended for Accredited Investors and Qualified Purchasers that are US residents). Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Who can invest: Sources disagree. Qualified purchaser (Rechecked 2026-10-25: docs.superstate.com/investors/getting-started still says Superstate funds are only for Qualified Purchasers ($5M investable individuals / $25M institutions); superstate.co/ustb key facts still say 'Accredited Investors and Qualified Purchasers'. Invesco's own USTB page could not be fetched. Unresolved; confirm in the fund's offering documents.). Source: Superstate (https://docs.superstate.com/investors/getting-started), retrieved 2026-10-25. - KYC required: Yes (Superstate account + wallet allowlist). Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Supported countries: United States, Australia, Bermuda, Bahamas, British Virgin Islands, Canada, Cayman Islands, Cyprus, France, Georgia, Germany, Gibraltar, Hong Kong, Italy, Ireland, Jersey, Luxembourg, Marshall Islands, Mexico, Panama, Poland, Seychelles, Singapore, Spain, Saint Kitts and Nevis, South Korea, Switzerland, United Arab Emirates, United Kingdom. Source: Superstate (https://docs.superstate.com/investors/getting-started), retrieved 2026-10-25. - Minimum initial investment: USD 100,000 (USD 100,000 unless waived by Superstate). Source: Superstate (https://docs.superstate.com/investors/tokenized-funds/available-funds/invesco-ustb), retrieved 2026-10-25. - Subscription timing: Same day. USDC orders delivered immediately (including non-business days); USD wires received before 5pm ET are processed same day, later wires the next market day (Superstate's general Subscribe page shows a 1pm ET wire example; the USTB fund page and superstate.com/assets/ustb both say 5pm ET). Source: Superstate (https://docs.superstate.com/investors/tokenized-funds/available-funds/invesco-ustb), retrieved 2026-10-25. - Subscription currency: USD, USDC. Source: Superstate (https://docs.superstate.com/investors/tokenized-funds/available-funds/invesco-ustb), retrieved 2026-10-25. - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption timing: Same-day; immediate for USDC subject to available liquidity; 1pm ET cutoff for USD. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Redemption currency: USD, USDC (via Circle). Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Redemption settlement: Immediate (USDC, subject to liquidity) / same-day (USD before 1pm ET). Source: Superstate (https://docs.superstate.com/investors/tokenized-funds/available-funds/invesco-ustb), retrieved 2026-10-25. - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: Protocol Redeem limited, 'when available', dynamic daily limits, Ethereum only; transfers only between allowlisted addresses. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Management fee / expense ratio: 0.15% (0.10% monthly rebate on holdings above $25M avg); no performance fee. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Assets (issuer-reported): USD 738,157,263 as of 2026-10-22. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Reserve / holdings report type: Holdings table on product page (unaudited); auditor PwC; custodian BNY Mellon. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Latest reserve / holdings report: https://superstate.co/ustb. Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. - Report as-of date: 2026-09-21 (Holdings table 'As of 09/21/2026' (unaudited); AUM figures on the same page are as of 2026-10-22). Source: Superstate (https://superstate.co/ustb), retrieved 2026-10-25. ## Spiko US T-Bills Money Market Fund (USTBL) URL: https://facts.bitcoinfamilyeducation.com/spiko-ustbl Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Spiko SICAV (French UCITS money market fund); management company Twenty First Capital (AMF GP-11000029); distributor Spiko Finance. Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Product type: USD short-term variable NAV money market fund (accumulating), ISIN FR001400ODM9. Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Legal framework: French UCITS SICAV sub-fund; AMF classification short-term VNAV MMF. Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Blockchains: Ethereum, Polygon PoS, Arbitrum One, Starknet, Base, Etherlink, Stellar, Solana (DLTs used for the shareholder register). Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Open to US persons (per issuer): No (Subscribers certify they are not US Persons). Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Who can invest: All investors (non-US) (Share-class table: 'All investors'; KID: intended for all types of investors). Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - KYC required: Yes (Wallets must be allowlisted by the management company before subscribing; shares move only between allowlisted addresses). Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Minimum initial investment: USD 1 (USD 1 initial and subsequent (USD share, FR001400ODM9)). Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Subscription timing: Daily; orders cleared by 11:30 a.m. Paris time execute at that day's NAV, later orders next business day. Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Subscription currency: USD (bank transfer), USDC. Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Subscription / mint fee: 0.00%. Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Redemption timing: Daily; 11:30 a.m. Paris time cutoff, next NAV. Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Redemption currency: USD (bank transfer), USDC (Management company may refuse USDC settlement for AML reasons and pay by bank transfer). Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Redemption settlement: unknown (Not captured from prospectus). - Redemption fee: 0.00%. Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Redemption limits or gates: Redemption cap ('gate') may be triggered at 10% of net assets; max 20 NAVs over 3 months. Source: Spiko prospectus (Twenty First Capital) (https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/53/2026-07-31__spiko-sicav---prospectus-ven-29072026.pdf), retrieved 2026-10-25. - Management fee / expense ratio: 0.25%. Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Assets (issuer-reported): USD 169,416,212 as of 2026-10-25 (AUM on Spiko data page; latest NAV dated 2026-10-23). Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Reserve / holdings report type: Spiko public data page (AUM, NAV, users). Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Latest reserve / holdings report: https://data.spiko.io/ustbl/. Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. - Report as-of date: 2026-10-23 (Latest NAV date). Source: Spiko (https://data.spiko.io/ustbl/), retrieved 2026-10-25. ## Circle USYC (Hashnote International Short Duration Fund Ltd.) (USYC) URL: https://facts.bitcoinfamilyeducation.com/circle-usyc Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: Hashnote International Short Duration Fund Ltd. (Cayman Islands registered mutual fund); token administrator Circle International Bermuda Limited (BMA-licensed). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Product type: Tokenized money market fund share (accumulating price). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Legal framework: Cayman Islands registered mutual fund; token administrator regulated by Bermuda Monetary Authority; non-US persons only (Reg S). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Underlying holdings: US Treasury bills (up to six months) and reverse repurchase agreements backed by short-term US government securities. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Blockchains: Arc, BNB Chain, Canton, Ethereum, NEAR, Solana. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Open to US persons (per issuer): No (Only available to non-US Persons as defined under the Securities Act). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Who can invest: Non-US institutions (Page framed for institutions; additional eligibility restrictions may apply). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - KYC required: Yes (Eligible investors only; fund documentation on request). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Minimum initial investment: USD 100,000 (USD-equivalent (USDC)). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Subscription timing: Any time (24/7), near-instant on-chain settlement. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Subscription currency: USDC. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Subscription / mint fee: 0.04%; 0% on combined daily volume up to $1M; after-hours subscriptions priced on projected next price. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Redemption timing: 24/7. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Redemption currency: USDC. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Redemption settlement: One block below instant-redemption capacity; T+0 or T+1 above it. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Redemption fee: 0.03%; 0% on combined daily volume up to $1M. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Redemption limits or gates: Instant redemption limited by instant-redemption capacity; unlimited instant redemptions available for a fee. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Management fee / expense ratio: unknown (No management fee stated on product page). - Performance: 10% of yield. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Assets (issuer-reported): USD 312,976,695.16 (Circle 'Key facts' AUM, undated on the page). Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Reserve / holdings report type: On-chain oracle feed for balance, yield and price; fund documentation on request. Source: Circle (https://www.circle.com/usyc), retrieved 2026-10-25. - Latest reserve / holdings report: unknown (No public reserve or audit report link on product page). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## VanEck Treasury Fund (VBILL) URL: https://facts.bitcoinfamilyeducation.com/vaneck-vbill Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: VanEck Treasury Fund, Ltd. (British Virgin Islands, incorporated 2024); tokenized by Securitize (SEC Form D/A filed 2026-05-29 (accession 0002068562-26-000001)). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068562/000206856226000001/primary_doc.xml), retrieved 2026-10-25. - Product type: Tokenized fund holding US Treasury obligations and repo, stable USD 1 NAV (Securitize/VanEck launch release, May 13, 2025). Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - Legal framework: Private placement under Reg D Rule 506(c); Investment Company Act 3(c)(7); Form D industry: pooled investment fund (SEC Form D/A filed 2026-05-29). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068562/000206856226000001/primary_doc.xml), retrieved 2026-10-25. - Underlying holdings: US Treasury obligations and repurchase agreements. Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - Blockchains: Avalanche, BNB Chain, Ethereum, Solana (Networks named at launch (May 13, 2025); later additions not confirmed in an issuer document). Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (US offering under Rule 506(c) with 3(c)(7): US buyers must be accredited investors who are qualified purchasers; Form D/A reports no non-accredited investors). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068562/000206856226000001/primary_doc.xml), retrieved 2026-10-25. - Who can invest: Institutional and qualified investors (Form D/A (2026-05-29): 15 investors, none non-accredited). Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - KYC required: Yes (Onboarding through Securitize (transfer agent, administrator and broker-dealer)). Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - Minimum initial investment: Sources disagree. USD 100,000 (USD 100,000 on Avalanche, BNB Chain and Solana and USD 1,000,000 on Ethereum per the launch release; SEC Form D/A lists USD 100,000 as the minimum accepted from any outside investor.). Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - Subscription timing: 24/7 issuance via USDC (per launch release). Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - Subscription currency: USDC. Source: Securitize press release (https://investors.securitize.io/news/news-details/2025/VanEck-Launches-First-Tokenized-Fund-VBILL-on-Securitize-05-13-2025/default.aspx), retrieved 2026-10-25. - Subscription / mint fee: unknown (Not stated in a public VanEck or Securitize document (checked 2026-10-25)). - Redemption timing: unknown (Not stated in a public document (checked 2026-10-25)). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: unknown (Not stated in a public VanEck or Securitize document (checked 2026-10-25)). - Total sold since launch (SEC Form D): USD 167,635,143 as of 2026-05-29 (Total amount sold since first sale (2025-06-01), per Form D/A signed 2026-05-29. Cumulative sales, not current AUM.). Source: SEC EDGAR filing (https://www.sec.gov/Archives/edgar/data/2068562/000206856226000001/primary_doc.xml), retrieved 2026-10-25. - Assets (issuer-reported): unknown (No issuer-published AUM found (checked 2026-10-25)). - Reserve / holdings report type: unknown (No public holdings report found (checked 2026-10-25)). ## WisdomTree Treasury Money Market Digital Fund (WTGXX) URL: https://facts.bitcoinfamilyeducation.com/wisdomtree-wtgxx Category: Tokenized Treasury / money market fund. Last verified 2026-10-25. - Issuer: WisdomTree (WisdomTree Digital Trust) (Formerly WisdomTree Government Money Market Digital Fund (renamed Nov 1, 2025)). Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Product type: SEC-registered (1940 Act) money market fund; tokens are digital representations reconciled daily to book-entry record; $1.00 stable NAV. Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Legal framework: Investment Company Act of 1940 registered fund. Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Blockchains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Plume, Solana, Stellar (Token table on issuer fund page). Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (US retail via WisdomTree Prime app; institutions via WisdomTree Connect). Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Who can invest: US retail (WisdomTree Prime), Institutions (WisdomTree Connect). Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - KYC required: Yes (Account at WisdomTree Prime or Connect). Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Minimum initial investment: USD 1. Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Subscription timing: Fund business days. Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Subscription currency: USD (ACH/direct deposit for retail), USDC or PYUSD for institutions via WisdomTree Stablecoin Conversion Service. Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Subscription / mint fee: No commission on primary purchases at daily NAV; commissions apply to instant purchases (see WisdomTree fee schedule). Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Redemption timing: Fund business days. Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Redemption currency: USD, USDC/PYUSD (institutions, via conversion service). Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption fee: No commission on primary or instant sales (Issuer page: commissions apply only to instant purchases, not instant sales). Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Management fee / expense ratio: 0.25% expense ratio. Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Assets (issuer-reported): USD 762,628,026 as of 2026-10-23 (762,628,026 shares outstanding at $1.000 NAV on 10/23/2026 (about $763M). Earlier FAQ figure of $876M was dated 2026-04-30.). Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Reserve / holdings report type: SEC-registered fund reporting (prospectus, holdings, N-MFP); FAQ says it invests to meet GENIUS Act eligible-reserve requirements. Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx. Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - Report as-of date: 2026-10-22 (Daily liquidity and fund characteristics as of 10/22/2026; holdings shown as of month-end). Source: WisdomTree (https://www.wisdomtree.com/onchain/tokenized-funds/wtgxx), retrieved 2026-10-25. - GENIUS Act note: WisdomTree states WTGXX invests in a manner intended to satisfy GENIUS Act eligible reserve-asset requirements for payment stablecoin issuers. Source: WisdomTree (https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_3/), retrieved 2026-10-25. ## Sky Dai (DAI) URL: https://facts.bitcoinfamilyeducation.com/sky-dai Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Sky Protocol (formerly MakerDAO). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Product type: Crypto-collateralized decentralized stablecoin; 1:1 convertible to USDS. Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Regulator: unknown (No regulated issuer). - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): unknown (Not found in public issuer documents reviewed). - Who can invest: Anyone via on-chain converter. Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - KYC required: No. Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Minimum initial investment: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: 0 via USDS converter. Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Redemption fee: 0 via USDS converter. Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Redemption settlement: Atomic on-chain. Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Circulating supply (issuer report or issuer contract): USD 4,525,933,141 as of 2026-10-25 (totalSupply() of the DAI contract 0x6B175474E89094C44Da98b954EedeAC495271d0F (address from Sky's chainlog), read on-chain at Ethereum block 26273872 (2026-10-25 22:27 ET). Ethereum only.). Source: Sky chainlog (contract registry) (https://chainlog.sky.money/api/mainnet/active.json), retrieved 2026-10-25. - Reserve / holdings report type: On-chain collateral (no fiat reserve attestation). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Latest reserve / holdings report: unknown (Not found in public issuer documents reviewed). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## First Digital USD (FDUSD) URL: https://facts.bitcoinfamilyeducation.com/firstdigital-fdusd Category: USD stablecoin. Last verified 2026-10-25. - Issuer: FD121 (BVI) Limited (financial technology company, not a bank); reserves custodied by First Digital Trust Limited (Hong Kong). Source: First Digital Labs (https://firstdigitallabs.com/), retrieved 2026-10-25. - Product type: USD stablecoin backed by cash and cash equivalents (US Treasury bills, cash, fixed deposits). Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. - Regulator: Not licensed as a stablecoin issuer: issuer says it is working to secure authorisation. Custodian First Digital Trust Limited is a Hong Kong licensed TCSP and registered trust company. Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. - Blockchains: Ethereum, BNB Chain, Solana, Sui. Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. - Open to US persons (per issuer): No (Not intended for US persons; minting and redemption not offered to persons in the US or acting for US persons). Source: First Digital Labs (https://firstdigitallabs.com/), retrieved 2026-10-25. - Who can invest: Industry players, financial intermediaries and professional investors who meet criteria (no direct retail sales). Source: First Digital Labs (https://firstdigitallabs.com/), retrieved 2026-10-25. - KYC required: Yes (Must become a client and pass AML/CTF checks to redeem). Source: First Digital Labs (https://firstdigitallabs.com/), retrieved 2026-10-25. - Minimum initial investment: unknown (Not stated (checked 2026-10-25)). - Subscription / mint fee: unknown (Not stated (checked 2026-10-25)). - Redemption fee: unknown (Not stated (checked 2026-10-25)). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: Redeemable 1:1 for USD by FD121 (BVI) Limited, subject to any suspension and other rights in the FDD Terms. Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. - Circulating supply (issuer report or issuer contract): USD 325,042,000 as of 2026-09-30 (Tokens issued and in circulation USD 325.042M; reserve assets USD 326.311M (89.16% T-bills, 10.26% cash, 0.58% fixed deposit)). Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. - Reserve / holdings report type: Monthly independent attestation. Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. - Latest reserve / holdings report: https://firstdigitallabs.com/transparency. Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. - Report as-of date: 2026-09-30 (Latest listed report: Sep 2026). Source: First Digital Labs (https://firstdigitallabs.com/transparency), retrieved 2026-10-25. ## Paxos PayPal USD (PYUSD) URL: https://facts.bitcoinfamilyeducation.com/paxos-pyusd Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Paxos Trust Company, N.A.. Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Product type: Fiat-backed payment stablecoin; reserves in USD deposits, Treasuries, cash equivalents. Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Regulator: Office of the Comptroller of the Currency (OCC). Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Blockchains: Ethereum, Solana, Stellar, Arbitrum, X Layer, Polygon, Stable. Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Open to US persons (per issuer): Yes (Buy/sell via PayPal and Venmo (not available in Hawaii)). Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Who can invest: PayPal/Venmo users; Paxos mint/redeem customers. Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - KYC required: Yes (PayPal Balance or Venmo account required). Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Minimum initial investment: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: Zero fees to convert PYUSD to USD with PayPal and Paxos. Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Redemption fee: Zero to convert to USD with PayPal/Paxos. Source: Paxos (https://www.paxos.com/pyusd), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Circulating supply (issuer report or issuer contract): unknown (Issuer-published circulating supply not captured (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: Monthly KPMG attestation + Paxos self-reported composition. Source: Paxos (https://www.paxos.com/pyusd-transparency), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.paxos.com/pyusd-transparency. Source: Paxos (https://www.paxos.com/pyusd-transparency), retrieved 2026-10-25. - Report as-of date: 2026-09 (Latest 2026 attestation month listed: September). Source: Paxos (https://www.paxos.com/pyusd-transparency), retrieved 2026-10-25. ## Ripple USD (RLUSD) URL: https://facts.bitcoinfamilyeducation.com/ripple-rlusd Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Standard Custody & Trust Company, LLC (subsidiary of Ripple Labs Inc.). Source: Ripple RLUSD attestation (PDF) (https://cdn.sanity.io/files/ior4a5y3/production/4981331c98a2bb203c0c9ab2584e8b2a0da80938.pdf/RLUSD%20Attestation%20Report%20(Aug)_Final%20Signed.pdf), retrieved 2026-10-25. - Product type: USD payment stablecoin backed 1:1 by cash, US Treasuries and government money market funds. Source: Ripple (https://ripple.com/solutions/stablecoin/), retrieved 2026-10-25. - Regulator: NYDFS (New York limited purpose trust company); Ripple also cites DFSA (Dubai) approval. Source: Ripple (https://ripple.com/solutions/stablecoin/), retrieved 2026-10-25. - Blockchains: XRP Ledger, Ethereum, Base, Optimism, Ink, Unichain, XRPL EVM Sidechain (Issuer FAQ: 'seven networks (as available)'). Source: Ripple (https://ripple.com/solutions/stablecoin/), retrieved 2026-10-25. - Open to US persons (per issuer): unknown (Availability depends on jurisdiction; not stated per country (checked 2026-10-25)). - Who can invest: Institutions (issuer: 'built for institutions'). Source: Ripple (https://ripple.com/solutions/stablecoin/), retrieved 2026-10-25. - KYC required: unknown (Not stated on the issuer pages checked 2026-10-25). - Minimum initial investment: unknown (Not stated (checked 2026-10-25)). - Subscription / mint fee: unknown (Not stated (checked 2026-10-25)). - Redemption fee: unknown (Not stated (checked 2026-10-25)). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Circulating supply (issuer report or issuer contract): USD 2,382,800,000 as of 2026-10-22 (Total circulating RLUSD USD 2,382.8M; reserve funds USD 2,528.0M (issuer transparency page)). Source: Ripple (https://ripple.com/solutions/stablecoin/transparency/), retrieved 2026-10-25. - Reserve / holdings report type: Monthly attestation by an independent CPA licensed in the United States. Source: Ripple (https://ripple.com/solutions/stablecoin/transparency/), retrieved 2026-10-25. - Latest reserve / holdings report: https://cdn.sanity.io/files/ior4a5y3/production/4981331c98a2bb203c0c9ab2584e8b2a0da80938.pdf/RLUSD%20Attestation%20Report%20(Aug)_Final%20Signed.pdf. Source: Ripple (https://ripple.com/solutions/stablecoin/transparency/), retrieved 2026-10-25. - Report as-of date: 2026-08-31 (August 2026 report (report dates Aug 17 and Aug 31, 2026), accountant's report dated Sept 29, 2026). Source: Ripple RLUSD attestation (PDF) (https://cdn.sanity.io/files/ior4a5y3/production/4981331c98a2bb203c0c9ab2584e8b2a0da80938.pdf/RLUSD%20Attestation%20Report%20(Aug)_Final%20Signed.pdf), retrieved 2026-10-25. ## World Liberty Financial USD (USD1) URL: https://facts.bitcoinfamilyeducation.com/wlfi-usd1 Category: USD stablecoin. Last verified 2026-10-25. - Issuer: BitGo Bank & Trust, N.A. (issuer/custodian) for World Liberty Financial (Per August 2026 attestation report title/assertion). Source: BitGo USD1 attestation (PDF) (https://landing.bitgo.com/rs/552-OGK-141/images/USD1_Reserve_Attestation_Report_August_2026.pdf), retrieved 2026-10-25. - Product type: Fiat-backed stablecoin; reserves in US cash, government MMFs and cash equivalents. Source: World Liberty Financial (https://www.worldlibertyfinancial.com/usd1), retrieved 2026-10-25. - Regulator: BitGo Bank & Trust, National Association: national trust bank chartered and regulated by the OCC. Source: BitGo (https://www.bitgo.com/usd1-terms/), retrieved 2026-10-25. - Blockchains: Ethereum, BNB Smart Chain, Solana, Tron, Aptos, Tempo, Canton (August 2026 reserve report: minted and redeemed on Ethereum, BNB Smart Chain, Solana, Tron, Aptos and Tempo; a footnote lists a USD1 address on the Canton blockchain). Source: BitGo USD1 attestation (PDF) (https://landing.bitgo.com/rs/552-OGK-141/images/USD1_Reserve_Attestation_Report_August_2026.pdf), retrieved 2026-10-25. - Open to US persons (per issuer): unknown (Not found in public issuer documents reviewed). - Who can invest: BitGo clients in good standing (direct redemption). Source: BitGo (https://www.bitgo.com/legal/bitgo-coin-minting-services-terms/), retrieved 2026-10-25. - KYC required: Yes. Source: BitGo (https://www.bitgo.com/legal/bitgo-coin-minting-services-terms/), retrieved 2026-10-25. - Minimum initial investment: unknown (No minimum stated in BitGo's USD1 Terms (checked 2026-10-25); redemption eligibility is deferred to BitGo's Stablecoin Services Agreement, which is not public). - Subscription / mint fee: Exchange fees disclosed at the time of the transaction (amount not published). Source: BitGo (https://www.bitgo.com/usd1-terms/), retrieved 2026-10-25. - Redemption fee: Exchange fees disclosed at the time of the transaction (amount not published). Source: BitGo (https://www.bitgo.com/usd1-terms/), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Circulating supply (issuer report or issuer contract): USD 4,195,303,689 as of 2026-08-31 (Total USD1 redeemable tokens outstanding, BitGo August 2026 reserve report (examined by an independent accountant)). Source: BitGo USD1 attestation (PDF) (https://landing.bitgo.com/rs/552-OGK-141/images/USD1_Reserve_Attestation_Report_August_2026.pdf), retrieved 2026-10-25. - Reserve / holdings report type: Monthly independent accountant examination (AICPA 2025 criteria). Source: BitGo (https://www.bitgo.com/usd1/attestations/), retrieved 2026-10-25. - Latest reserve / holdings report: https://landing.bitgo.com/rs/552-OGK-141/images/USD1_Reserve_Attestation_Report_August_2026.pdf. Source: BitGo (https://www.bitgo.com/usd1/attestations/), retrieved 2026-10-25. - Report as-of date: 2026-08 (August 2026 is latest listed). Source: BitGo (https://www.bitgo.com/usd1/attestations/), retrieved 2026-10-25. ## Circle USD Coin (USDC) URL: https://facts.bitcoinfamilyeducation.com/circle-usdc Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Circle Internet Financial, LLC (US); Circle Internet Financial Europe SAS co-issues in the EEA. Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - Product type: Fiat-backed payment stablecoin; reserves in cash and Circle Reserve Fund (USDXX, SEC 2a-7 MMF). Source: Circle (https://www.circle.com/transparency), retrieved 2026-10-25. - Regulator: Regulated in the US as stored value/prepaid access under state money-transmission laws; NYDFS licensed. Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - Blockchains: Ethereum, Solana, HyperEVM, Base, Arbitrum, Arc, Polygon, Avalanche, Stellar (Largest circulating amounts by chain per Circle's public stablecoin API; 39 chains listed). Source: Circle stablecoin API (https://api.circle.com/v1/stablecoins), retrieved 2026-10-25. - Open to US persons (per issuer): Yes. Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - Who can invest: Circle Mint account holders (direct mint/redeem); others hold via third parties. Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - KYC required: Yes (KYC required to redeem; Circle Mint account in good standing). Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - Minimum initial investment: unknown (Circle Mint minimums not published in terms). - Subscription / mint fee: No fee to tokenize USD to USDC except as on Circle fee schedule. Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - Redemption fee: Redeemable 1:1 'less fees where applicable' (see fee schedule). Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: Circle may delay or decline suspicious redemptions; blocklisting policy. Source: Circle (https://www.circle.com/legal/usdc-terms), retrieved 2026-10-25. - Circulating supply (issuer report or issuer contract): USD 71,542,295,767 as of 2026-10-25 (Total USDC across chains per Circle's public stablecoin API, updated 2026-10-25 10:03 PM ET). Source: Circle stablecoin API (https://api.circle.com/v1/stablecoins), retrieved 2026-10-25. - Reserve / holdings report type: Weekly reserve disclosure + monthly Deloitte examination (AICPA). Source: Circle (https://www.circle.com/transparency), retrieved 2026-10-25. - Latest reserve / holdings report: https://6778953.fs1.hubspotusercontent-na1.net/hubfs/6778953/USDCAttestationReports/2026/2026%20USDC_Examination%20Report%20August%2026.pdf (August 31, 2026 report). Source: Circle USDC examination report (https://6778953.fs1.hubspotusercontent-na1.net/hubfs/6778953/USDCAttestationReports/2026/2026%20USDC_Examination%20Report%20August%2026.pdf), retrieved 2026-10-25. - Report as-of date: 2026-08-31 (August 2026 Deloitte examination is the latest we could open. Rechecked 2026-10-25: a September 2026 report was not at Circle's usual report URL. Weekly reserve composition on circle.com/transparency was as of 2026-10-22.). Source: Circle USDC examination report (https://6778953.fs1.hubspotusercontent-na1.net/hubfs/6778953/USDCAttestationReports/2026/2026%20USDC_Examination%20Report%20August%2026.pdf), retrieved 2026-10-25. ## Ethena USDe (USDe) URL: https://facts.bitcoinfamilyeducation.com/ethena-usde Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Ethena (BVI) Limited (USDe Terms and Conditions). Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Product type: Synthetic dollar backed by crypto spot + short perpetual hedges, stablecoins and RWAs; stored value, no claim on issuer equity. Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Regulator: unknown (No US regulator; Ethena BVI not a GENIUS permitted issuer as reviewed). - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): unknown (Ethena terms limit minting to supported jurisdictions; the list is not stated in the terms page checked 2026-10-25). - Who can invest: Whitelisted Mint Users (approved market-making counterparties) for direct mint/redeem. Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - KYC required: Yes (KYC/KYB for direct mint/redeem). Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Minimum initial investment: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: Slippage/execution costs priced in; Ethena earns no profit on mint/redeem. Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Redemption fee: Slippage/execution costs priced in. Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Redemption settlement: On demand for whitelisted users (atomic). Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Redemption limits or gates: Holding Users cannot redeem unless they become whitelisted Mint Users. Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Circulating supply (issuer report or issuer contract): USD 4,584,247,594 as of 2026-10-25 (totalSupply() of the USDe contract 0x4c9EDD5852cd905f086C759E8383e09bff1E68B3 (address from Ethena docs), read on-chain at Ethereum block 26273872 (2026-10-25 22:27 ET). Ethereum mainnet contract only; we did not add amounts on other chains because the docs we read do not state how USDe on other chains relates to this supply.). Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Reserve / holdings report type: Monthly custodian attestations (Copper, Ceffu, Kraken, Anchorage). Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Latest reserve / holdings report: https://ethena.fi/blog/custodian-attestations-of-assets-backing-usde-september-3. Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. - Report as-of date: 2026-09 (September 2026 attestation is latest listed). Source: Ethena (https://docs.ethena.fi/llms-full.txt), retrieved 2026-10-25. ## Paxos Global Dollar (USDG) URL: https://facts.bitcoinfamilyeducation.com/paxos-usdg Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Paxos Digital Singapore Pte. Ltd. (MAS Major Payments Institution); also Paxos Issuance Europe (FIN-FSA, MiCA). Source: Paxos (https://www.paxos.com/usdg), retrieved 2026-10-25. - Product type: Fiat-backed stablecoin, 1:1 redeemable from Paxos. Source: Paxos (https://www.paxos.com/usdg), retrieved 2026-10-25. - Regulator: Monetary Authority of Singapore; Finnish FSA under MiCA. Source: Paxos (https://www.paxos.com/usdg), retrieved 2026-10-25. - Blockchains: Arbitrum, Ethereum, Ink, Mantle, Robinhood Chain, Solana, X Layer. Source: Paxos (https://www.paxos.com/usdg), retrieved 2026-10-25. - Open to US persons (per issuer): unknown (Not found in public issuer documents reviewed). - Who can invest: Paxos customers / Global Dollar Network participants (direct redemption). Source: Paxos (https://www.paxos.com/usdg), retrieved 2026-10-25. - KYC required: unknown (Not stated in Paxos USDG page, checked 2026-10-25). - Minimum initial investment: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: unknown (Not found in public issuer documents reviewed). - Redemption fee: unknown (Not found in public issuer documents reviewed). - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: unknown (Not found in public issuer documents reviewed). - Circulating supply (issuer report or issuer contract): unknown (Issuer-published circulating supply not captured (checked 2026-10-25). Aggregator figures are not republished here (licensing).). - Reserve / holdings report type: Monthly reserve reports. Source: Paxos (https://www.paxos.com/usdg), retrieved 2026-10-25. - Latest reserve / holdings report: https://www.paxos.com/usdg-transparency (Transparency link from Paxos site). Source: Paxos (https://www.paxos.com/usdg), retrieved 2026-10-25. - Report as-of date: unknown (Latest report month not stated on Paxos transparency page, checked 2026-10-25). ## Sky Dollar (USDS) URL: https://facts.bitcoinfamilyeducation.com/sky-usds Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Sky Protocol (decentralized; successor to MakerDAO). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Product type: Crypto-collateralized decentralized stablecoin (ERC-20, upgradeable UUPS proxy). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Regulator: unknown (No regulated issuer; not a GENIUS permitted payment stablecoin issuer as far as reviewed). - Blockchains: unknown (Not yet confirmed in an issuer or regulator document (checked 2026-10-25)). - Open to US persons (per issuer): unknown (Not found in public issuer documents reviewed). - Who can invest: Anyone via on-chain converter (DAI<->USDS). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - KYC required: No (DAI-USDS converter has no additional restrictions). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Minimum initial investment: unknown (Not found in public issuer documents reviewed). - Subscription / mint fee: 0 (DAI->USDS converter; fees cannot be enabled). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Redemption fee: 0 (USDS->DAI converter). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Redemption settlement: Atomic on-chain. Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Redemption limits or gates: unknown (No issuer fiat redemption). - Circulating supply (issuer report or issuer contract): USD 6,803,276,292 as of 2026-10-25 (totalSupply() of the USDS contract 0xdC035D45d973E3EC169d2276DDab16f1e407384F (address from Sky's chainlog), read on-chain at Ethereum block 26273872 (2026-10-25 22:27 ET). Ethereum only; bridged amounts on other chains are not added.). Source: Sky chainlog (contract registry) (https://chainlog.sky.money/api/mainnet/active.json), retrieved 2026-10-25. - Reserve / holdings report type: On-chain collateral (no fiat reserve attestation). Source: Sky (https://developers.sky.money/protocol/tokens/usds), retrieved 2026-10-25. - Latest reserve / holdings report: unknown (Not stated in Sky documents checked 2026-10-25). - Report as-of date: unknown (Not found in public issuer documents reviewed). ## Tether USD₮ (USDT) URL: https://facts.bitcoinfamilyeducation.com/tether-usdt Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Tether International, S.A. de C.V. (El Salvador). Source: Tether (https://tether.io/news/tether-posts-strong-q2-performance-generates-1-5b-net-operating-profit-maintains-4-11b-reserve-buffer-and-expands-gold-holdings-to-more-than-146-tons/), retrieved 2026-10-25. - Product type: Fiat-referenced stablecoin; reserves centered on US Treasuries/repo, plus gold and Bitcoin holdings. Source: Tether (https://tether.io/news/tether-posts-strong-q2-performance-generates-1-5b-net-operating-profit-maintains-4-11b-reserve-buffer-and-expands-gold-holdings-to-more-than-146-tons/), retrieved 2026-10-25. - Regulator: El Salvador-based; not a US-regulated issuer. Tether launched a separate US-standards token (USAT) issued through Anchorage Digital in 2026. Source: CoinDesk (https://www.coindesk.com/news-analysis/2026/07/17/tether-s-usdt-hits-2-year-countdown-threatening-its-position-on-u-s-crypto-platforms), retrieved 2026-10-25. - Blockchains: Tron, Ethereum, Solana, TON, Aptos, Avalanche, Kaia, Celo (Largest circulating balances among chains Tether issues on natively, per Tether transparency data). Source: Tether transparency data (https://app.tether.to/transparency.json), retrieved 2026-10-25. - Open to US persons (per issuer): No (Terms (updated Feb 26, 2026) list any U.S. Person as a Prohibited Person, except Eligible Contract Participants Tether agrees to. Applies to direct mint/redeem at Tether.to.). Source: Tether (https://tether.to/en/legal/), retrieved 2026-10-25. - Who can invest: Verified Tether.to account holders (direct mint/redeem). Source: Tether (https://tether.to/en/fees/), retrieved 2026-10-25. - KYC required: Yes (Account verification; USD 150 non-refundable verification fee). Source: Tether (https://tether.to/en/fees/), retrieved 2026-10-25. - Minimum initial investment: USD 100,000 (USD 100,000 (direct mint at Tether.to); minimum acquisition or redemption amount). Source: Tether (https://tether.to/en/fees/), retrieved 2026-10-25. - Subscription / mint fee: 0.1% per acquisition. Source: Tether (https://tether.to/en/fees/), retrieved 2026-10-25. - Redemption fee: Greater of $1,000 or 0.1%. Source: Tether (https://tether.to/en/fees/), retrieved 2026-10-25. - Redemption settlement: unknown (Not found in public issuer documents reviewed). - Redemption limits or gates: Tether has sole discretion to approve accounts. Source: Tether (https://tether.to/en/fees/), retrieved 2026-10-25. - Circulating supply (issuer report or issuer contract): USD 182,493,797,362 as of 2026-10-25 (Circulating = issued tokens minus Tether reserve balances and quarantined tokens, summed across chains; equals total liabilities in the same feed. Total assets reported: 187,960,745,865 USD (feed undated, retrieved 2026-10-25)). Source: Tether transparency data (https://app.tether.to/transparency.json), retrieved 2026-10-25. - Reserve / holdings report type: Quarterly attestation prepared by BDO. Source: Tether (https://tether.io/news/tether-posts-strong-q2-performance-generates-1-5b-net-operating-profit-maintains-4-11b-reserve-buffer-and-expands-gold-holdings-to-more-than-146-tons/), retrieved 2026-10-25. - Latest reserve / holdings report: https://tether.io/news/tether-posts-strong-q2-performance-generates-1-5b-net-operating-profit-maintains-4-11b-reserve-buffer-and-expands-gold-holdings-to-more-than-146-tons/ (Press release linking Q2 2026 attestation). Source: Tether (https://tether.io/news/tether-posts-strong-q2-performance-generates-1-5b-net-operating-profit-maintains-4-11b-reserve-buffer-and-expands-gold-holdings-to-more-than-146-tons/), retrieved 2026-10-25. - Report as-of date: 2026-06-30 (Q2 2026 BDO attestation published 2026-07-31. Rechecked 2026-10-25: no Q3 2026 attestation found yet.). Source: Tether (https://tether.io/news/tether-posts-strong-q2-performance-generates-1-5b-net-operating-profit-maintains-4-11b-reserve-buffer-and-expands-gold-holdings-to-more-than-146-tons/), retrieved 2026-10-25. - GENIUS Act note: Per CoinDesk (Jul 2026): non-US issuers like Tether have until the GENIUS safe harbor expires (rules fully effective by July 2028) to settle compliance; non-compliant stablecoins cannot then be used by US institutions. Source: CoinDesk (https://www.coindesk.com/news-analysis/2026/07/17/tether-s-usdt-hits-2-year-countdown-threatening-its-position-on-u-s-crypto-platforms), retrieved 2026-10-25. ## Ethena USDtb (USDtb) URL: https://facts.bitcoinfamilyeducation.com/ethena-usdtb Category: USD stablecoin. Last verified 2026-10-25. - Issuer: Anchorage Digital Bank, N.A. (issuance, redemption and reserve management since Oct 13, 2025). Source: USDtb docs (https://docs.usdtb.money/introduction), retrieved 2026-10-25. - Product type: USD payment stablecoin backed mainly by BlackRock's BUIDL tokenized fund, plus a stablecoin reserve for redemptions. Source: USDtb docs (https://docs.usdtb.money/introduction), retrieved 2026-10-25. - Regulator: Issued by Anchorage Digital Bank, N.A., a national trust bank; reserve held in a South Dakota express trust with ADB as trustee (Covered Stablecoin Terms effective Oct 13, 2025). Source: Anchorage Digital Bank (https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms), retrieved 2026-10-25. - Blockchains: Ethereum, Solana (Token contracts listed in USDtb docs). Source: USDtb docs (https://docs.usdtb.money/key-addresses), retrieved 2026-10-25. - Open to US persons (per issuer): unknown (Terms limit issuance to ADB clients; client geography not stated (checked 2026-10-25)). - Who can invest: Anchorage Digital Bank clients (direct mint/redeem); others hold via third parties. Source: USDtb docs (https://docs.usdtb.money/mint-and-redeem), retrieved 2026-10-25. - KYC required: Yes (Issuance only to ADB clients; ADB may refuse for incomplete verification). Source: Anchorage Digital Bank (https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms), retrieved 2026-10-25. - Minimum initial investment: unknown (Not stated in USDtb docs or ADB terms (checked 2026-10-25)). - Subscription / mint fee: Issued at par net of fees in ADB's Covered Stablecoin Fee Schedule (amount not public). Source: Anchorage Digital Bank (https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms), retrieved 2026-10-25. - Redemption fee: Redeemed at par net of fees in ADB's Covered Stablecoin Fee Schedule (amount not public). Source: Anchorage Digital Bank (https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms), retrieved 2026-10-25. - Redemption settlement: ADB uses commercially reasonable efforts to process redemptions promptly; no fixed time stated. Source: Anchorage Digital Bank (https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms), retrieved 2026-10-25. - Redemption limits or gates: ADB may refuse, suspend or limit requests (verification, risk, operational or regulatory reasons). Source: Anchorage Digital Bank (https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms), retrieved 2026-10-25. - Circulating supply (issuer report or issuer contract): USD 477,312,143 as of 2026-10-25 (totalSupply() of the USDtb L1 token contract 0xC139190F447e929f090Edeb554D95AbB8b18aC1C (listed in USDtb docs), read on-chain at Ethereum block 26273902 on 2026-10-25. The Solana mint listed in the same docs showed 40,081,969 tokens; we do not add the two because the bridging model is not stated.). Source: USDtb docs (https://docs.usdtb.money/key-addresses), retrieved 2026-10-25. - Reserve / holdings report type: Transparency dashboard of reserve assets; ADB publishes reserve composition as required by US federal law. Source: Anchorage Digital Bank (https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms), retrieved 2026-10-25. - Latest reserve / holdings report: https://usdtb.money/transparency (Transparency dashboard linked from USDtb docs). Source: USDtb docs (https://docs.usdtb.money/introduction), retrieved 2026-10-25. - Report as-of date: unknown (Dashboard date not captured (checked 2026-10-25)).