{"slug":"buidl-vs-benji","question":"BlackRock BUIDL or Franklin BENJI — how do the two biggest tokenized money market funds differ?","answer":"BUIDL (BlackRock / Securitize) yields ~3.59%, minimum $5M (institutional).","shortAnswer":"BUIDL (BlackRock / Securitize) yields ~3.59%, minimum $5M (institutional). BENJI (Franklin Templeton) yields 3.73% (7-day current yield, 30 Sep 2026), minimum low (Benji app).","asOf":"2026-10-19","faq":[{"q":"Which of them can I buy without KYC?","a":"None of them is stated as buyable without KYC."},{"q":"Where does the yield come from?","a":"BUIDL: US Treasuries / repos / cash. BENJI: US government securities / repos."},{"q":"Which is the largest?","a":"By size, BUIDL at $2.4B, followed by BENJI at $821M. Size is not safety, but a larger product usually means a deeper market to sell into."},{"q":"How risky are they?","a":"BUIDL: Low. BENJI: Low. The risk label is ours, in plain language, and is explained on each token page."},{"q":"Are these yields fixed?","a":"2 of 2 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked between 2026-08-25 and 2026-10-19."}],"count":2,"rows":[{"ticker":"BUIDL","name":"BlackRock USD Institutional Digital Liquidity Fund","issuer":"BlackRock / Securitize","category":"Tokenized Treasuries","yield":"~3.59%","yieldPct":3.59,"yieldKind":"variable","minimumUsd":5000000,"size":"$2.4B","chains":"Ethereum (+8)","country":"BVI / US","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://app.rwa.xyz/assets/BUIDL","lastVerified":"2026-08-25","tier":"curated","page":"https://tokenbank.world/token/BUIDL","json":"https://tokenbank.world/api/tokens/BUIDL"},{"ticker":"BENJI","name":"Franklin OnChain US Government Money Fund","issuer":"Franklin Templeton","category":"Tokenized Treasuries","yield":"3.73% (7-day current yield, 30 Sep 2026)","yieldPct":3.73,"yieldKind":"variable","minimumUsd":null,"size":"$821M","chains":"Stellar / Base / Ethereum","country":"USA","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund","lastVerified":"2026-10-19","tier":"curated","page":"https://tokenbank.world/token/BENJI","json":"https://tokenbank.world/api/tokens/BENJI"}],"programs":[],"underlyings":[],"sources":[],"_links":{"page":"https://tokenbank.world/answers/buidl-vs-benji","index":"https://tokenbank.world/api/v1/answers"},"_citation":"TokenBank, “BlackRock BUIDL or Franklin BENJI — how do the two biggest tokenized money market funds differ?”, https://tokenbank.world/answers/buidl-vs-benji (data as of 2026-10-19), CC BY 4.0.","_license":"CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/","_disclaimer":"Computed from sourced data; yields are variable and not guaranteed. Not investment advice. Verify each row’s source before relying on it."}