BENJI

BENJI|BENJI|Other
$1.00
AUM / TVL
100M
Yield
4.40%
Chains
1
Holders
980
Launched
04/06/2021
AA
876 / 1000
High Safety
Analyst Verified
Reviewed Jan 15, 2026
“

Massive regulatory advantage as the only SEC-registered 40 Act fund, but lacks public code verification.

Credit Risk(20%)
188 / 200
Smart Contract Risk(20%)
145 / 200
Custody Risk(20%)
175 / 200
Oracle Risk(15%)
128 / 150
Liquidity Risk(12.5%)
115 / 125
Regulatory Risk(12.5%)
125 / 125

Key Strengths

  • **Retail-Inclusive Model**: Low $20 min investment opens to U.S. retail, driving holder growth (969, +0.52%) and broader market penetration vs. QP-only peers.
  • **Fee Efficiency**: 0.15% management fee undercuts traditional MMFs, yielding ~3.54% APY with daily distributions—attractive for conservative portfolios.
  • **Multi-Chain Liquidity**: Deployed on 10 networks (Stellar dominant at ~67%), enabling seamless transfers and DeFi integrations.
  • **Regulatory Edge**: Reg S exemption and SEC oversight enhance trust, with bankruptcy-remote segregation protecting assets.

Key Considerations

  • **Portfolio Role**: Allocate 15-25% for stable yield in RWAs; pair with higher-risk commodities for diversification.
  • **Regulatory Shifts**: Monitor NYDFS/SEC for stablecoin rules; BENJI's structure favors compliance but could face retail caps.
  • **Growth Catalysts**: Integration with Franklin ETFs could boost AUM 20-30% annually; stress-test for bear markets with 10% outflows.
  • **Tax Implications**: Distributions as interest income; use tax-advantaged accounts to optimize net returns.

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Disclaimer: Informational Purposes Only

The Onyx Risk Score and all data presented on this page are for informational purposes only and do not constitute financial, investment, legal, or tax advice. Past performance and risk assessments do not guarantee future results.

RWA Flows is not a registered investment advisor or credit rating agency. Always conduct your own due diligence and consult qualified professionals before making investment decisions.