收益从何而来？
追溯经济上的支付方。公示 APY 不是保证回报。
- Fund holds US government securities and repos
Per Rule 2a-7
- Portfolio earns money-market income daily
- Fund declares dividends per standard practice
- Transfer agent updates blockchain-integrated records
- BENJI token count corresponds 1:1 with fund shares
- Dividend distribution follows standard mutual fund practice
- 一级来源
- 货币市场收益
- 二级来源
- 国债利息
- 经济上的支付方
- U.S. government securities and repurchase agreements held by the fund, per Rule 2a-7 government money fund requirements.
- 浮动 / 固定
- 浮动
- 毛收益 / 净收益
- 未确定
- 带日期的收益快照
- 未知
Standard government money market fund income mechanics; each BENJI token represents one fund share, and share value/income follows the fund's normal NAV and distribution process.
收益如何分配
- 机制
- 分红
- 备注
- Standard Government MMF dividend/distribution mechanics; 1 fund share equals 1 BENJI token.
代币代表什么？
持有代币并不自动等于直接拥有底层资产。
- 法律请求权类型
- 基金份额
- 注册地
- US
Franklin OnChain U.S. Government Money Fund（FOBXX）的基金份额；1 枚 BENJI 代币代表 1 份基金份额，正式的持有纪录由过户代理人（transfer agent）整合区块链的系统维护。
衍生 / 包装请求权: BENJI is a direct fund-share token (1:1 with FOBXX shares) recorded by the transfer agent — not a wrapped claim on a separately custodied crypto asset. Do not describe it as 'non-custodial' in the smart-contract sense.
官方网站 https://www.franklintempleton.com
发行人、管理人与服务方
- 法律发行人Franklin OnChain U.S. Government Money Fund (FOBXX)
US — SEC-registered Government Money Market Fund under Rule 2a-7.
- 资产管理方Franklin Templeton
US — Fund sponsor / adviser.
- 过户代理人Franklin Templeton transfer agent (blockchain-integrated)
US — Maintains the official record of share ownership; blockchain wallet balances are integrated into, not separate from, that record.
底层是什么？
仅基于一级证据的底层资产与策略。
依第 2a-7 规则对政府货币市场基金的要求，持有美国政府证券及相关回购。
- US government securities
- Repurchase agreements collateralized by government securities
Exact current allocation percentages not structured as a dated snapshot this pass.
出问题时会发生什么？
结构性损失路径——不是风险评分。未知保护保持 Unknown。
- 谁首先承担损失
- UNKNOWN — fund-level loss allocation beyond standard Government MMF structure not itemized this pass.
- 已记录的保护安排
- Rule 2a-7 government money fund constraints (credit quality, maturity, liquidity limits) provide structural risk limits typical of the fund category.
- 投资者敞口
- Shareholders bear standard money market fund NAV risk; not FDIC insured; the fund is not guaranteed.
如何拿回资金？
一级赎回 ≠ 二级 DEX 流动性。资格是有范围的。
- 合格投资者
- Per Franklin Templeton fund eligibility / account-opening requirements; not itemized in detail this pass.
- 一级赎回
- Standard mutual-fund share redemption via Franklin Templeton / the fund's transfer agent.
- 时点
- UNKNOWN
- 结算资产
- UNKNOWN
- 最低额
- UNKNOWN
- 限制
- UNKNOWN
- 二级流动性
- Secondary token transfer (where permitted) is distinct from fund share redemption.
谁持有底层资产？
分别梳理资产托管、现金托管、加密资产托管与代币控制。
- 资产托管
- Fund assets held per standard registered-fund custodian arrangements; specific custodian not itemized this pass.
- 现金托管
- UNKNOWN
- 加密资产托管
- No separate crypto custody layer — the token balance is the blockchain-integrated representation of the official transfer-agent record itself, not a wrapped claim on a separately custodied asset.
See tokenControl block.
费用
毛收益与净收益不是一回事。不按 APY 排名。
- Fund management / advisory feeUNKNOWN
- Transfer agent / administrative feeUNKNOWN
监管
授权按实体 × 法域 × 工具界定——不是品牌标签。
Franklin OnChain U.S. Government Money Fund is an SEC-registered Government Money Market Fund operating under Rule 2a-7 of the Investment Company Act of 1940.
- 实体
- Franklin OnChain U.S. Government Money Fund (FOBXX)
- 法域
- US
- 工具
- Registered Government Money Market Fund (Rule 2a-7)
- 授权 / 注册
- U.S. Securities and Exchange Commission (SEC)
审计 / 鉴证
智能合约审计不等于基金审计或贷款审计。没有合并的「已审计」徽章。
本资料包中无结构化鉴证行。
智能合约 / 代币控制
运营控制——不是去中心化评分。
- 铸造
- Franklin Templeton transfer agent controls issuance corresponding to fund share purchases.
- 销毁
- Transfer agent controls redemption/burn corresponding to fund share redemptions.
- 暂停
- UNKNOWN
- 冻结 / 黑名单
- UNKNOWN
- 升级
- UNKNOWN
- 白名单
- Likely gated to fund shareholders of record; specific mechanics UNKNOWN.
代币化层
- 链
- 未知
- 官方所有权记录
- The transfer agent's records are the official ownership record; the blockchain wallet balance is integrated into that record, not a separate/competing ledger.
- 转让限制
- UNKNOWN
1 BENJI = 1 fund share by design. Chain enumeration not itemized this pass (UNKNOWN).
研究维度
BENJI 是什么？
一种代币，1 枚 BENJI 相当于 1 份 Franklin OnChain U.S. Government Money Fund（FOBXX）的基金份额，该基金为依第 2a-7 规则登记的基金。
谁维护 BENJI 持有情况的正式纪录？
由该基金的过户代理人负责；区块链钱包余额会整合进该正式纪录中，而非另立独立帐本。
BENJI 是否由以非托管方式持有的加密货币担保品支持？
并非如此。BENJI 是依第 2a-7 规则直接持有的政府货币市场基金份额——并非非托管型的加密货币包装代币；持有权的认定依据为过户代理人的纪录。
哪些环节必须持续运转？
仅列重大依赖。数量不是风险评分。
- 法律发行人Franklin OnChain Govt MMF (FOBXX)Fund share issuance
- 资产管理方Franklin TempletonFund sponsorship / advisory
- 过户代理人Blockchain-integrated transfer agentOfficial ownership record
- AssetUS government securities / repoYield-bearing collateral
证据域
- Entity / issuer已核验已结构化
Franklin Templeton named
- Legal claim已核验已结构化
1:1 fund share token
- Yield source已核验已结构化
Govt MMF income
- Yield waterfall已核验已结构化
- Loss waterfall已研究未确定
Standard MMF risk, detail unresolved
- Underlying assets已核验已结构化
Govt securities + repo
- Distribution mechanism已核验已结构化
Standard dividend mechanics
- Redemption已研究未确定
Redemption detail thin
- Fees已研究未确定
- Custody已核验已结构化
No separate crypto custody layer
- Regulation已核验已结构化
Rule 2a-7 registered fund
- Assurance / audit未研究
No assurance report identified this pass
- Token control已研究未确定
Pause/freeze mechanics unresolved
- Tokenization / chain已核验已结构化
Transfer-agent record is official
- Dependencies已核验已结构化
- Geographic / eligibility restrictions已研究未确定
Eligibility not itemized
未决缺口
- 链别清单
- 费率表
- 赎回时程／最低金额
- 托管机构名称
一级来源
RWA／收益资产情报。无评分。无 APY 排名。未解决状态保持未解决。