{
  "schema_version": "1.0",
  "slug": "fintech/tokenized-mmf-issuer-comparison-matrix",
  "source_path": "fintech/tokenized-mmf-issuer-comparison-matrix.md",
  "url": "https://finwiki.zksc.io/ja/fintech/tokenized-mmf-issuer-comparison-matrix/",
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  "alternate_html_urls": {
    "ja": "https://finwiki.zksc.io/ja/fintech/tokenized-mmf-issuer-comparison-matrix/",
    "en": "https://finwiki.zksc.io/en/fintech/tokenized-mmf-issuer-comparison-matrix/"
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  "github_url": "https://github.com/jasonhnd/finwiki/blob/main/fintech/tokenized-mmf-issuer-comparison-matrix.md",
  "raw_markdown_url": "https://finwiki.zksc.io/fintech/tokenized-mmf-issuer-comparison-matrix.md",
  "domain": "fintech",
  "title": "Tokenized cash and credit fund comparison — BUIDL, BENJI, WTGXX, ACRED, USYC, USTB, OUSG",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Tokenized cash and credit fund comparison — BUIDL, BENJI, WTGXX, ACRED, USYC, USTB, OUSG",
    "aliases": [
      "tokenized-mmf-issuer-comparison-matrix",
      "tokenized fund comparison",
      "BUIDL vs BENJI vs OUSG comparison",
      "tokenized money market fund matrix"
    ],
    "domain": "fintech",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-10-30",
    "confidence": "certain",
    "tags": [
      "fintech",
      "tokenization",
      "money-market-fund",
      "private-fund",
      "comparison",
      "buidl",
      "benji",
      "acred",
      "wtgxx",
      "usyc",
      "ustb",
      "ousg"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://investors.securitize.io/news/news-details/2024/BlackRock-Launches-Its-First-Tokenized-Fund-BUIDL-on-the-Ethereum-Network-03-20-2024/default.aspx",
      "https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX",
      "https://www.wisdomtree.com/-/media/us-media-files/documents/resource-library/fund-fact-sheets/digital/wtgxx.pdf",
      "https://investors.securitize.io/news/news-details/2025/Apollo-and-Securitize-Announce-Partnership-and-Launch-Tokenized-Access-to-Credit-Fund-on-Aptos-Avalanche-Ethereum-Ink-Polygon-and-Solana-Networks-01-30-2025/default.aspx",
      "https://www.sec.gov/Archives/edgar/data/2056038/000205603825000001/xslFormDX01/primary_doc.xml",
      "https://www.circle.com/usyc",
      "https://superstate.com/ustb",
      "https://docs.ondo.finance/trust-and-security",
      "https://docs.ondo.finance/qualified-access-products/ousg/important-notes"
    ]
  },
  "summary": "This entry sits under fintech index as an evidence-based classification matrix. It complements BlackRock BUIDL, Franklin BENJI / FOBXX, Apollo ACRED, WTGXX and USYC, and Ondo OUSG / USDY.",
  "headings": [
    "Tokenized cash and credit fund comparison — BUIDL, BENJI, WTGXX, ACRED, USYC, USTB, OUSG",
    "Wiki route",
    "Product and legal-wrapper matrix",
    "Exposure and value mechanism",
    "What can be compared directly",
    "Corrections to common comparison errors",
    "ACRED is not an MMF",
    "USTB is a private fund",
    "OUSG is not simply “a BUIDL wrapper”",
    "Service-provider concentration requires role-level evidence"
  ],
  "body_links": {
    "wikilinks_count": 8,
    "wikilinks": [
      "INDEX",
      "fintech/INDEX",
      "fintech/apollo-acred-private-credit-tokenization",
      "fintech/blackrock-buidl-tokenized-mmf-overview",
      "fintech/franklin-templeton-stablecoin-migration",
      "fintech/ondo-finance-rusdy-adoption",
      "fintech/regulatory-reset-2025-usa-crypto-policy",
      "fintech/tokenized-mmf-wisdomtree-hashnote"
    ],
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      "https://finwiki.zksc.io/INDEX.md",
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      "https://finwiki.zksc.io/ja/fintech/apollo-acred-private-credit-tokenization/",
      "https://finwiki.zksc.io/ja/fintech/blackrock-buidl-tokenized-mmf-overview/",
      "https://finwiki.zksc.io/ja/fintech/franklin-templeton-stablecoin-migration/",
      "https://finwiki.zksc.io/ja/fintech/ondo-finance-rusdy-adoption/",
      "https://finwiki.zksc.io/ja/fintech/regulatory-reset-2025-usa-crypto-policy/",
      "https://finwiki.zksc.io/ja/fintech/tokenized-mmf-wisdomtree-hashnote/"
    ],
    "external_links_count": 14,
    "external_links": [
      "https://dataspanapi.wisdomtree.com/pdr/documents/WEBSITE_FUND_DETAILS/WDT/US/EN-US/WTGXX_2/",
      "https://digitalassets.franklintempleton.com/benji/",
      "https://docs.ondo.finance/qualified-access-products/ousg/important-notes",
      "https://docs.ondo.finance/trust-and-security",
      "https://investors.securitize.io/news/news-details/2024/BlackRock-Launches-Its-First-Tokenized-Fund-BUIDL-on-the-Ethereum-Network-03-20-2024/default.aspx",
      "https://investors.securitize.io/news/news-details/2025/Apollo-and-Securitize-Announce-Partnership-and-Launch-Tokenized-Access-to-Credit-Fund-on-Aptos-Avalanche-Ethereum-Ink-Polygon-and-Solana-Networks-01-30-2025/default.aspx",
      "https://ondo.finance/ousg",
      "https://superstate.com/ustb",
      "https://www.circle.com/usyc",
      "https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX",
      "https://www.sec.gov/Archives/edgar/data/1676197/000119312526192295/d335502d486bpos.htm",
      "https://www.sec.gov/Archives/edgar/data/1982577/000110465925042142/tm2513524d1_n1a.htm",
      "https://www.sec.gov/Archives/edgar/data/2056038/000205603825000001/xslFormDX01/primary_doc.xml",
      "https://www.wisdomtree.com/-/media/us-media-files/documents/resource-library/fund-fact-sheets/digital/wtgxx.pdf"
    ]
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    "last_modified": "2026-07-30"
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