On Chain Money Market Funds

On-chain money market funds are a digital representation of traditional money market funds, tokenized on the blockchain. Those listed below are available to US Investors.

BlackRock USD Institutional Digital Liquidity Fund (BUIDL): The investment objective of the BlackRock USD Institutional Digital Liquidity Fund Ltd. is to seek current income as is consistent with liquidity and stability of principal.

Circle USYC: USYC is the onchain representation of Hashnote International Short Duration Yield Fund Ltd. (“SDYF”). SDYF invests primarily in reverse repurchase agreements (reverse repo) backed by U.S. government securities.

Franklin On Chain U.S. Government Money Fund (FOBXX/BENJI):  BENJI is the World’s First U.S.-Registered Money Market Fund, Onchain. The fund seeks to provide as high a level of current income as is consistent with the preservation of shareholders’ capital and liquidity. The fund also tries to maintain a stable $1 share price.

1 share of FOBXX = 1 BENJI token

Guggenheim Treasury Services DCP: Digital Commercial Paper DCP, a fixed income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s, is on the XRP Ledger (XRPL).

Matrixdock Short-term Treasury Bill Token (STBT): Backed by Short-term U.S. Treasury Bills, 1:1 peg to USD, offering a low volatility and correlation diversification option for digital asset portfolios.

OpenEden TBILL Vault (TBILL): The TBILL Vault is the world’s first smart-contract vault for U.S. Treasury Bills. Earn the U.S. risk-free rate on your stablecoins by minting TBILL tokens, with 24/7 liquidity.

VanEck Treasury Fund (VBILL): Earn stable yield with daily liquidity by investing in short-term U.S. Treasuries via blockchain.

Superstate Short Duration US Government Securities Fund (USTB): The Superstate Short Duration US Government Securities Fund (the “Fund”) offers Qualified Purchasers access to short-duration Treasury Bills.

WisdomTree Government Money Market Digital Fund (WTGXX): The WisdomTree Government Money Market Digital Fund seeks to provide investors with a high level of current income consistent with preservation of capital and liquidity and the maintenance of a stable $1.00 net asset value (NAV) per share.