收益從何而來？
追溯經濟上的支付方。公示 APY 不是保證回報。
- 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
- 一級來源
- 貨幣市場收益
- 二級來源
- 國債利息
- 經濟上的支付方
- U.S. government securities and repurchase agreements held by the fund, per Rule 2a-7 government money fund requirements.
- 浮動 / 固定
- 浮動
- 毛收益 / 淨收益
- 未確定
- 帶日期的收益快照
- 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
- 機制
- 股息
- 備註
- Standard Government MMF dividend/distribution mechanics; 1 fund share equals 1 BENJI token.
代幣代表什麼？
持有代幣並不自動等於直接擁有底層資產。
- 法律請求權類型
- 基金份額
- 註冊地
- US
Franklin OnChain U.S. Government Money Fund（FOBXX）的基金份額；1 枚 BENJI 代幣代表 1 份基金份額，正式的持有紀錄由過戶代理人（transfer agent）整合區塊鏈的系統維護。
衍生 / 包裝請求權: 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.
官方網站 https://www.franklintempleton.com
發行人、管理人與服務方
- 法律發行人Franklin OnChain U.S. Government Money Fund (FOBXX)
US — SEC-registered Government Money Market Fund under Rule 2a-7.
- 資產管理方Franklin Templeton
US — Fund sponsor / adviser.
- 過戶代理人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.
底層是什麼？
僅基於一級證據的底層資產與策略。
依第 2a-7 規則對政府貨幣市場基金的要求，持有美國政府證券及相關附買回交易。
- US government securities
- Repurchase agreements collateralized by government securities
Exact current allocation percentages not structured as a dated snapshot this pass.
出問題時會發生什麼？
結構性損失路徑——不是風險評分。未知保護保持 Unknown。
- 誰首先承擔損失
- UNKNOWN — fund-level loss allocation beyond standard Government MMF structure not itemized this pass.
- 已記錄的保護安排
- Rule 2a-7 government money fund constraints (credit quality, maturity, liquidity limits) provide structural risk limits typical of the fund category.
- 投資者敞口
- Shareholders bear standard money market fund NAV risk; not FDIC insured; the fund is not guaranteed.
如何拿回資金？
一級贖回 ≠ 二級 DEX 流動性。資格是有範圍的。
- 合格投資者
- Per Franklin Templeton fund eligibility / account-opening requirements; not itemized in detail this pass.
- 一級贖回
- Standard mutual-fund share redemption via Franklin Templeton / the fund's transfer agent.
- 時點
- UNKNOWN
- 結算資產
- UNKNOWN
- 最低額
- UNKNOWN
- 限制
- UNKNOWN
- 二級流動性
- Secondary token transfer (where permitted) is distinct from fund share redemption.
誰持有底層資產？
分別梳理資產託管、現金託管、加密資產託管與代幣控制。
- 資產託管
- Fund assets held per standard registered-fund custodian arrangements; specific custodian not itemized this pass.
- 現金託管
- UNKNOWN
- 加密資產託管
- 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.
費用
毛收益與淨收益不是一回事。不按 APY 排名。
- Fund management / advisory feeUNKNOWN
- Transfer agent / administrative feeUNKNOWN
監管
授權按實體 × 法域 × 工具界定——不是品牌標籤。
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.
- 實體
- Franklin OnChain U.S. Government Money Fund (FOBXX)
- 法域
- US
- 工具
- Registered Government Money Market Fund (Rule 2a-7)
- 授權 / 註冊
- U.S. Securities and Exchange Commission (SEC)
審計 / 鑑證
智慧合約審計不等於基金審計或貸款審計。沒有合併的「已審計」徽章。
本資料包中無結構化鑑證列。
智慧合約 / 代幣控制
營運控制——不是去中心化評分。
- 鑄造
- Franklin Templeton transfer agent controls issuance corresponding to fund share purchases.
- 銷毀
- Transfer agent controls redemption/burn corresponding to fund share redemptions.
- 暫停
- UNKNOWN
- 凍結 / 黑名單
- UNKNOWN
- 升級
- UNKNOWN
- 白名單
- Likely gated to fund shareholders of record; specific mechanics UNKNOWN.
代幣化層
- 鏈
- 未知
- 官方所有權紀錄
- The transfer agent's records are the official ownership record; the blockchain wallet balance is integrated into that record, not a separate/competing ledger.
- 轉讓限制
- UNKNOWN
1 BENJI = 1 fund share by design. Chain enumeration not itemized this pass (UNKNOWN).
研究維度
BENJI 是什麼？
一種代幣，1 枚 BENJI 相當於 1 份 Franklin OnChain U.S. Government Money Fund（FOBXX）的基金份額，該基金為依第 2a-7 規則登記的基金。
誰維護 BENJI 持有情況的正式紀錄？
由該基金的過戶代理人負責；區塊鏈錢包餘額會整合進該正式紀錄中，而非另立獨立帳本。
BENJI 是否由以非託管方式持有的加密貨幣擔保品支持？
並非如此。BENJI 是依第 2a-7 規則直接持有的政府貨幣市場基金份額——並非非託管型的加密貨幣包裝代幣；持有權的認定依據為過戶代理人的紀錄。
哪些環節必須持續運轉？
僅列重大依賴。數量不是風險評分。
- 法律發行人Franklin OnChain Govt MMF (FOBXX)Fund share issuance
- 資產管理方Franklin TempletonFund sponsorship / advisory
- 過戶代理人Blockchain-integrated transfer agentOfficial ownership record
- AssetUS government securities / repoYield-bearing collateral
證據域
- Entity / issuer已核驗已結構化
Franklin Templeton named
- Legal claim已核驗已結構化
1:1 fund share token
- Yield source已核驗已結構化
Govt MMF income
- Yield waterfall已核驗已結構化
- Loss waterfall已研究未確定
Standard MMF risk, detail unresolved
- Underlying assets已核驗已結構化
Govt securities + repo
- Distribution mechanism已核驗已結構化
Standard dividend mechanics
- Redemption已研究未確定
Redemption detail thin
- Fees已研究未確定
- Custody已核驗已結構化
No separate crypto custody layer
- Regulation已核驗已結構化
Rule 2a-7 registered fund
- Assurance / audit未研究
No assurance report identified this pass
- Token control已研究未確定
Pause/freeze mechanics unresolved
- Tokenization / chain已核驗已結構化
Transfer-agent record is official
- Dependencies已核驗已結構化
- Geographic / eligibility restrictions已研究未確定
Eligibility not itemized
未決缺口
- 鏈別清單
- 費率表
- 贖回時程／最低金額
- 託管機構名稱
一級來源
RWA／收益資產情報。無評分。無 APY 排名。未解決狀態保持未解決。