allChained
BENJI-SGMoney Market FundTokenized FundSG flagSingaporeSelf-reported

Franklin OnChain USD Short-Term Money Market Fund (VCC)

Franklin Templeton· San Mateo, United States
AUM
$24.4M
17D change
-2.4%
Yield · 7-day net
3.93%
NAV
1.0000
Expense ratio
0.25%
Minimum
$50.0K
Redemption
Daily
Launched
10 Jun 2025
Field coverage 96%Primary-source or on-chain verified 67% of tracked metrics1/1 source documents analyst-verifiedLast reconciled 01 Oct 2026
Overview

What this product is

The Singapore VCC replication of the sponsor's on-chain money fund. Three wrappers of the same strategy across three jurisdictions makes this issuer the clearest test of whether regulatory wrapper — not strategy — is what allocators actually select on.

Underlying asset
US government securities and repurchase agreements
Asset class
Money Market Fund
Product structure
Tokenized Fund
Legal structure
Singapore VCC Sub-Fund
Issuer jurisdiction
Singapore
Fund domicile
Singapore (VCC)
Base currency
USD
Launched
10 Jun 2025
Peer set

Comparable products

Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.

WTGXX3.94%0.25%$1$1.21B
BENJI4.02%0.20%$20$601.5M
USTBL4.07%0.10%$1.0K$109.4M
BENJI-LU3.96%0.25%$50.0K$56.8M
BENJI-SGthis product3.93%0.25%$50.0K$24.4M
ALFUSD-T3.88%0.15%$25.0K$17.4M
uMINT3.92%0.18%$250.0K$115.1K
Issuer

Who runs it

Franklin TempletonSan Mateo, United States

First manager to run a US-registered '40 Act money market fund with an on-chain transfer agency record. Operates its own tokenization stack (Benji) rather than outsourcing, and has replicated the structure into Luxembourg and Singapore wrappers.

Portfolio

Composition

  • US government agency repurchase agreements45.9%
  • US Treasury bills40.7%
  • US agency discount notes10.4%
  • Cash3.0%
Weighted average maturity
20 days