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.

Redemption terms, side by side

Last verified 2026-10-25. Published by Bitcoin Family Education.

As of 2026-10-25, this table shows each product's redemption timing, settlement, fees and limits as stated in issuer or regulator documents; blanks are marked unknown rather than estimated.

Tokenized Treasury and money market funds

ProductRedemption timingRedemption settlementRedemption feeRedemption limits or gates
Bosera BELIFUnknownUnknownUnknownUnknown
Franklin Templeton BENJIFund business days; same-day if received before 2pm PT
Franklin Templeton, retrieved 2026-10-25
Proceeds sent by electronic funds transfer (ACH or Fed wire) within seven days of a request in proper form
SEC EDGAR filing, retrieved 2026-10-25
No CDSC
Franklin Templeton, retrieved 2026-10-25
Fund does not currently intend to impose liquidity fees; the board may add one after notice to shareholders
SEC EDGAR filing, retrieved 2026-10-25
BlackRock BUIDLUnknownUnknownUnknownUnknown
ChinaAMC CUMIUDaily
ChinaAMC, retrieved 2026-10-25
UnknownUp to 5% (check with distributor)
ChinaAMC, retrieved 2026-10-25
No peer-to-peer transfer or secondary-market trading of tokenized shares
ChinaAMC, retrieved 2026-10-25
Fidelity FYOXXAt the NAV next calculated after an order in proper form, on fund business days
SEC EDGAR filing, retrieved 2026-10-25
UnknownNone (no shareholder fees)
SEC EDGAR filing, retrieved 2026-10-25
Unknown
Franklin Templeton gBENJIUnknownUnknownNo exit charge
Franklin Templeton, retrieved 2026-10-25
Unknown
Franklin Templeton iBENJIUnknownUnknownUnknownUnknown
J.P. Morgan JLTXXDaily; dealing deadline 5:00 PM ET
J.P. Morgan Asset Management, retrieved 2026-10-25
UnknownUnknownGovernment MMF: board has not elected liquidity fees
SEC EDGAR filing, retrieved 2026-10-25
Janus Henderson Anemoy JTRSYDaily
Anemoy, retrieved 2026-10-25
UnknownUnknownUnknown
J.P. Morgan MONYUnknownUnknownUnknownUnknown
Midas mTBILLAt any time
Midas Final Terms (PDF), retrieved 2026-10-25
UnknownUnknownUnknown
Ondo OUSG24/7 instant via USDC; business days via USD
Ondo, retrieved 2026-10-25
Instant (atomic) for instant redemptions; non-instant typically next business day if submitted before 4pm ET
Ondo, retrieved 2026-10-25
0% instant redemption fee
Ondo, retrieved 2026-10-25
Instant mint/redeem limits apply
Ondo, retrieved 2026-10-25
Franklin Templeton sgBENJIUnknownUnknownNo exit charge
Franklin Templeton, retrieved 2026-10-25
Possible 10% per-dealing-day redemption limit (deferral to next dealing day)
Franklin Templeton, retrieved 2026-10-25
Ondo SHVonUnknownUnknownUnknownUnknown
State Street / Galaxy SWEEPDaily on business days (USD by 2:00 PM ET); PYUSD 24/7 subject to portfolio availability
Galaxy, retrieved 2026-10-25
UnknownUnknown24/7 PYUSD redemptions subject to available stablecoin liquidity
Galaxy, retrieved 2026-10-25
OpenEden TBILLRequests anytime; FIFO queue
OpenEden, retrieved 2026-10-25
Typically next US business day
OpenEden, retrieved 2026-10-25
5 bps
OpenEden, retrieved 2026-10-25
Whitelisted addresses only; transfers only to other whitelisted investors
OpenEden, retrieved 2026-10-25
Ondo USDYDaily
Ondo, retrieved 2026-10-25
UnknownUnknownOnly non-US persons may redeem; USD only to non-US bank accounts
Ondo, retrieved 2026-10-25
Superstate USTBSame-day; immediate for USDC subject to available liquidity; 1pm ET cutoff for USD
Superstate, retrieved 2026-10-25
Immediate (USDC, subject to liquidity) / same-day (USD before 1pm ET)
Superstate, retrieved 2026-10-25
UnknownProtocol Redeem limited, 'when available', dynamic daily limits, Ethereum only; transfers only between allowlisted addresses
Superstate, retrieved 2026-10-25
Spiko USTBLDaily; 11:30 a.m. Paris time cutoff, next NAV
Spiko prospectus (Twenty First Capital), retrieved 2026-10-25
Unknown0.00%
Spiko, retrieved 2026-10-25
Redemption cap ('gate') may be triggered at 10% of net assets; max 20 NAVs over 3 months
Spiko prospectus (Twenty First Capital), retrieved 2026-10-25
Circle USYC24/7
Circle, retrieved 2026-10-25
One block below instant-redemption capacity; T+0 or T+1 above it
Circle, retrieved 2026-10-25
0.03%; 0% on combined daily volume up to $1M
Circle, retrieved 2026-10-25
Instant redemption limited by instant-redemption capacity; unlimited instant redemptions available for a fee
Circle, retrieved 2026-10-25
VanEck VBILLUnknownUnknownUnknownUnknown
WisdomTree WTGXXFund business days
WisdomTree, retrieved 2026-10-25
UnknownNo commission on primary or instant sales
WisdomTree, retrieved 2026-10-25
Unknown

Stablecoins

ProductRedemption settlementRedemption feeRedemption limits or gates
Sky DAIAtomic on-chain
Sky, retrieved 2026-10-25
0 via USDS converter
Sky, retrieved 2026-10-25
Unknown
First Digital FDUSDUnknownUnknownRedeemable 1:1 for USD by FD121 (BVI) Limited, subject to any suspension and other rights in the FDD Terms
First Digital Labs, retrieved 2026-10-25
Paxos PYUSDUnknownZero to convert to USD with PayPal/Paxos
Paxos, retrieved 2026-10-25
Unknown
Ripple RLUSDUnknownUnknownUnknown
World Liberty Financial USD1UnknownExchange fees disclosed at the time of the transaction (amount not published)
BitGo, retrieved 2026-10-25
Unknown
Circle USDCUnknownRedeemable 1:1 'less fees where applicable' (see fee schedule)
Circle, retrieved 2026-10-25
Circle may delay or decline suspicious redemptions; blocklisting policy
Circle, retrieved 2026-10-25
Ethena USDeOn demand for whitelisted users (atomic)
Ethena, retrieved 2026-10-25
Slippage/execution costs priced in
Ethena, retrieved 2026-10-25
Holding Users cannot redeem unless they become whitelisted Mint Users
Ethena, retrieved 2026-10-25
Paxos USDGUnknownUnknownUnknown
Sky USDSAtomic on-chain
Sky, retrieved 2026-10-25
0 (USDS->DAI converter)
Sky, retrieved 2026-10-25
Unknown
Tether USDTUnknownGreater of $1,000 or 0.1%
Tether, retrieved 2026-10-25
Tether has sole discretion to approve accounts
Tether, retrieved 2026-10-25
Ethena USDtbADB uses commercially reasonable efforts to process redemptions promptly; no fixed time stated
Anchorage Digital Bank, retrieved 2026-10-25
Redeemed at par net of fees in ADB's Covered Stablecoin Fee Schedule (amount not public)
Anchorage Digital Bank, retrieved 2026-10-25
ADB may refuse, suspend or limit requests (verification, risk, operational or regulatory reasons)
Anchorage Digital Bank, retrieved 2026-10-25

FAQ

How fast are BENJI redemptions paid?

As of 2026-10-25, the FOBXX prospectus says proceeds are sent by electronic funds transfer (ACH or Fed wire) within seven days of a request in proper form.


Data (CC BY 4.0): JSON · CSV · all fields with sources · llms.txt · About, method and corrections. Cite as: Bitcoin Family Education Tokenized-Asset Fact Checker, retrieved <date>, <url>.