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.
As of 2026-10-25, issuer or regulator documents show 11 of 22 tracked tokenized Treasury funds accept US persons (almost all only as accredited investors or qualified purchasers), 5 exclude them, and 6 are unconfirmed. Eligibility is per issuer, not a determination about you.
| Product | Who can invest | Minimum initial investment | Legal framework |
|---|---|---|---|
| Franklin Templeton BENJI | Individuals (Benji app), Institutions (Institutional Web Portal) SEC EDGAR filing, retrieved 2026-10-25 | USD 20 SEC EDGAR filing, retrieved 2026-10-25 | Investment Company Act of 1940 registered fund Franklin Templeton, retrieved 2026-10-25 |
| BlackRock BUIDL | Accredited investors who are qualified purchasers (US) SEC EDGAR filing, retrieved 2026-10-25 | USD 5,000,000 (disputed) BlackRock press release, retrieved 2026-10-25 | Private placement under Reg D Rule 506(c); Investment Company Act exemptions 3(c)(1)/3(c)(7) claimed on Form D SEC EDGAR filing, retrieved 2026-10-25 |
| Fidelity FYOXX | Certain institutional investors who complete an application with the fund SEC EDGAR filing, retrieved 2026-10-25 | USD 1,000,000 SEC EDGAR filing, retrieved 2026-10-25 | Investment Company Act of 1940 registered fund SEC EDGAR filing, retrieved 2026-10-25 |
| Franklin Templeton iBENJI | Qualified purchasers (US, 3(c)(7)) SEC EDGAR filing, retrieved 2026-10-25 | USD 5,000,000 SEC EDGAR filing, retrieved 2026-10-25 | Private placement under Reg D Rule 506(b); Investment Company Act 3(c)(7) SEC EDGAR filing, retrieved 2026-10-25 |
| J.P. Morgan JLTXX | Qualified investors subscribing through Morgan Money J.P. Morgan Asset Management, retrieved 2026-10-25 | USD 1,000,000 J.P. Morgan Asset Management, retrieved 2026-10-25 | Investment Company Act of 1940 registered fund; managed to satisfy GENIUS Act eligible reserve-asset requirements J.P. Morgan Asset Management, retrieved 2026-10-25 |
| J.P. Morgan MONY | Qualified investors (institutional/professional) J.P. Morgan Asset Management, retrieved 2026-10-25 | USD 1,000,000 J.P. Morgan Asset Management, retrieved 2026-10-25 | Reg D 506(c) private placement, BVI-domiciled, distributed in US and non-US J.P. Morgan Asset Management, retrieved 2026-10-25 |
| Ondo OUSG | Accredited investor, Qualified purchaser Ondo, retrieved 2026-10-25 | USD 5,000 Ondo, retrieved 2026-10-25 | Continuous Regulation D Rule 506(c) offering Ondo, retrieved 2026-10-25 |
| OpenEden TBILL | BVI SIBA Professional Investors, US Accredited Investors OpenEden, retrieved 2026-10-25 | USD 100,000 OpenEden, retrieved 2026-10-25 | n/a |
| Superstate USTB | Qualified purchaser (disputed) Superstate, retrieved 2026-10-25 | USD 100,000 Superstate, retrieved 2026-10-25 | Private fund, not registered under the Investment Company Act Superstate, retrieved 2026-10-25 |
| VanEck VBILL | Institutional and qualified investors Securitize press release, retrieved 2026-10-25 | USD 100,000 (disputed) Securitize press release, retrieved 2026-10-25 | Private placement under Reg D Rule 506(c); Investment Company Act 3(c)(7); Form D industry: pooled investment fund SEC EDGAR filing, retrieved 2026-10-25 |
| WisdomTree WTGXX | US retail (WisdomTree Prime), Institutions (WisdomTree Connect) WisdomTree, retrieved 2026-10-25 | USD 1 WisdomTree, retrieved 2026-10-25 | Investment Company Act of 1940 registered fund WisdomTree, retrieved 2026-10-25 |
| Product | Who can invest | Minimum initial investment |
|---|---|---|
| Midas mTBILL | Investors in the public offer under the EU Prospectus Regulation (base prospectus dated 17 July 2025); US persons excluded Midas Final Terms (PDF), retrieved 2026-10-25 | USD 1 Midas Final Terms (PDF), retrieved 2026-10-25 |
| Ondo SHVon | Non-US investors (retail where allowed), Professional/qualified investors in restricted jurisdictions Ondo, retrieved 2026-10-25 | Unknown |
| Ondo USDY | Non-US individuals, Non-US institutions Ondo, retrieved 2026-10-25 | Unknown |
| Spiko USTBL | All investors (non-US) Spiko prospectus (Twenty First Capital), retrieved 2026-10-25 | USD 1 Spiko prospectus (Twenty First Capital), retrieved 2026-10-25 |
| Circle USYC | Non-US institutions Circle, retrieved 2026-10-25 | USD 100,000 Circle, retrieved 2026-10-25 |
| Product | Who can invest | Minimum initial investment |
|---|---|---|
| Bosera BELIF | Unknown | Unknown |
| ChinaAMC CUMIU | Investors via SFC-licensed Eligible Distributors (incl. retail) ChinaAMC, retrieved 2026-10-25 | USD 1,000 ChinaAMC, retrieved 2026-10-25 |
| Franklin Templeton gBENJI | Unknown | USD 20 Franklin Templeton, retrieved 2026-10-25 |
| Janus Henderson Anemoy JTRSY | Unknown | Unknown |
| Franklin Templeton sgBENJI | Singapore investors via distributors (e.g., DBS); retail per MAS approval Franklin Templeton, retrieved 2026-10-25 | USD 20 Franklin Templeton, retrieved 2026-10-25 |
| State Street / Galaxy SWEEP | Unknown | $5,000,000 (entities) / $1,000,000 (individuals) Galaxy, retrieved 2026-10-25 |
As of 2026-10-25, two tracked funds are 1940 Act registered and list retail access: Franklin Templeton's BENJI (FOBXX), whose prospectus lists a USD 20 minimum on Stellar, and WisdomTree's WTGXX via WisdomTree Prime. Most other US-available funds require accredited investor or qualified purchaser status. Sources: FOBXX prospectus and WisdomTree WTGXX page, retrieved 2026-10-25.
No. It means the issuer accepts some US investors. Each fund sets its own investor tests, KYC and minimums.