How is gBENJI's quality score calculated?

OnChain Benchmark scores gBENJI across four dimensions, each out of 25: disclosure quality (3/25), redemption liquidity (17/25), structural trust (14/25), and holder concentration (not published — holder base too large or too widely distributed to measure to ground truth). Each is multiplied by its methodology weight (structural trust ×1.4, holder concentration ×1.3, redemption liquidity ×0.9, disclosure quality ×0.4; weights sum to 4.0) and summed into the 53/100 composite — a weighted, not a plain, sum, so the four dimension scores do not add directly to the total. The full rubric is published at onchainbenchmark.com/methodology.

How concentrated is gBENJI's ownership?

OnChain Benchmark does not publish a holder-concentration figure for gBENJI: its holder base cannot be measured to ground truth (holder concentration is withheld rather than published as an unverifiable number). gBENJI's composite reflects its other measured dimensions.

What does the Limited band mean?

Under OnChain Benchmark methodology v1.6, composite scores band as Verified (≥ 85), Rated (65–84), Limited (45–64), and Unverifiable (below 45). gBENJI scores 53/100, placing it in the Limited band. Note that one of four dimensions cannot yet be measured for this instrument: Its holder base is too large or too widely distributed to measure to ground truth, so the concentration figure is not published. The composite reflects the three measured dimensions, renormalized.

OCB — Quality Rating

gBENJI Quality Rating

Franklin Templeton · Tokenized share of Franklin Templeton's global government money market fund, issued on Stellar.

gBENJI (Franklin Templeton) scores 53/100 on OnChain Benchmark's Verified Capital Quality Rating — Limited band — across four dimensions: disclosure quality 3/25, redemption liquidity 17/25, structural trust 14/25, and holder concentration withheld (not measurable to ground truth) (methodology v1.6, as of Sep 15, 2026).

gBENJITokenized U.S. Treasuries

Verified Capital Quality Rating

53/ 100

Limited

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gBENJI across four dimensions

Each dimension is scored out of 25, then multiplied by its weight and summed into the /100 composite — so the four dimension scores are a weighted, not a plain, sum. Last scored Sep 15, 2026 on methodology v1.6.

Dimension	Score	Weight
Disclosure Quality	3 / 25	×0.4
Redemption Liquidity	17 / 25	×0.9
Structural Trust	14 / 25	×1.4
Holder Concentration	Not measured	×1.3
CompositeΣ (score × weight)	53 / 100

Holder Concentration is withheld for this instrument. Its holder base is too large or too widely distributed to measure to ground truth, so the concentration figure is not published. The composite reflects the three measured dimensions, renormalized.

OCB — 02

OCB Instrument

Outstanding supply

Measured onchain daily, summed across every chain the fund is issued on. Latest reading $56.66M.

Source: gBENJI · Verified Capital Quality Rating · onchainbenchmark.com2026-09-15 · Measured daily

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OCB Instrument

Rating history

gBENJI’s quality rating, measured daily.

Source: gBENJI · Verified Capital Quality Rating · onchainbenchmark.com2026-09-15 · Recomputed daily

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Evidence behind the rating

A sample of the verified facts behind gBENJI's score. The full diligence trail is in the terminal.

Disclosure Qualityattestation source
This fund is domiciled in Luxembourg and reports under the UCITS regime rather than through SEC filings, so the monthly US money-market portfolio filings that support the related US fund's transparency score do not cover it. The most recent such filing by Franklin Templeton Trust names exactly one fund series, the Franklin OnChain U.S. Government Money Fund, which is the US fund and not this one. A search of the SEC's full-text filing archive for this fund's name returns no filings, while the same search for the US fund returns 615 — confirming the distinction is jurisdictional rather than a gap in the search.
A jurisdiction and fund-structure fact, not a judgement about the issuer. Verified 2026-09-14 against the filing itself: accession 0002071691-26-021281 (filed 2026-09-04), primary_doc.xml carries a single seriesId S000067043. Separately recorded at lower confidence: whether this issuer publishes a recurring NAV or reserve statement on a Luxembourg-side surface is UNDETERMINED — franklintempleton.lu returns a 2.3KB stub to our fetch and the digital-assets page is JS-rendered. That question is OUR REACH and is deliberately kept below the publication gate.
Verified Sep 14, 2026· Franklin Templeton Trust (CIK 0001786958) N-MFP3, accession 0002071691-26-021281, filed 2026-09-04: exactly one <seriesId> (S000067043 — Franklin OnChain U.S. Government Money Fund). EDGAR full-text search 2026-09-14: "Franklin OnChain Global Government" 0 hits; "Franklin OnChain U.S. Government" 615 hits (negative control).
Disclosure Qualitycontract address
Contract address verified on Stellar: gBENJI:GD5J73EKK5IYL5XS3FBTHHX7CZIYRP7QXDL57XFWGC2WVYWT326OBXRP (primary deployment)
Confirmed active onchain.
Verified Aug 1, 2026· instrument_deployments registry — chain_id 1102
Holder Concentrationholder concentration snapshot
Top-10 holders control 100.00% of supply (after excluding protocol-controlled addresses). Concentration track: institutional_direct.
Holder snapshot refreshes on a rolling basis and may be up to 36 hours old.
Verified Aug 1, 2026· norm_concentration row observed 0d ago

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Key facts

Issuer: Franklin Templeton
Asset class: Tokenized U.S. Treasuries
Tracked supply: $56.66Mas of Sep 15, 2026
Methodology: v1.6
Last scored: Sep 15, 2026
Rubric: Verified Capital Quality Rating

Chain

XLMStellar

gBENJI:G…6OBXRPExplorer ↗

Cite this rating

Reference gBENJI's rating

Copy a ready-made citation. Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.

Plain

OnChain Benchmark (2026). gBENJI Quality Rating: 53/100 (Limited band), as of Sep 15, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/gbenji

Harvard

OnChain Benchmark (2026) 'gBENJI Quality Rating', OnChain Benchmark, Limited band, 53/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/gbenji (Accessed: Sep 15, 2026).

BibTeX

@misc{ocb_gbenji_2026,
  author = {{OnChain Benchmark}},
  title = {{gBENJI Quality Rating}},
  year = {2026},
  note = {53/100, Limited band, methodology v1.6},
  url = {https://onchainbenchmark.com/instruments/gbenji}
}

Or pull the data: gBENJI rating (CSV)

Full diligence trail

The interactive terminal shows every verified fact behind gBENJI's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.

View full diligence trail in the terminal →Read the methodology →

gBENJI Quality Rating

Franklin Templeton · Tokenized share of Franklin Templeton's global government money market fund, issued on Stellar.

gBENJITokenized U.S. Treasuries

gBENJI across four dimensions

Dimension	Score	Weight
Disclosure Quality	3 / 25	×0.4
Redemption Liquidity	17 / 25	×0.9
Structural Trust	14 / 25	×1.4
Holder Concentration	Not measured	×1.3
CompositeΣ (score × weight)	53 / 100

Evidence behind the rating

A sample of the verified facts behind gBENJI's score. The full diligence trail is in the terminal.

Disclosure Qualityattestation source

This fund is domiciled in Luxembourg and reports under the UCITS regime rather than through SEC filings, so the monthly US money-market portfolio filings that support the related US fund's transparency score do not cover it. The most recent such filing by Franklin Templeton Trust names exactly one fund series, the Franklin OnChain U.S. Government Money Fund, which is the US fund and not this one. A search of the SEC's full-text filing archive for this fund's name returns no filings, while the same search for the US fund returns 615 — confirming the distinction is jurisdictional rather than a gap in the search.

A jurisdiction and fund-structure fact, not a judgement about the issuer. Verified 2026-09-14 against the filing itself: accession 0002071691-26-021281 (filed 2026-09-04), primary_doc.xml carries a single seriesId S000067043. Separately recorded at lower confidence: whether this issuer publishes a recurring NAV or reserve statement on a Luxembourg-side surface is UNDETERMINED — franklintempleton.lu returns a 2.3KB stub to our fetch and the digital-assets page is JS-rendered. That question is OUR REACH and is deliberately kept below the publication gate.

Verified Sep 14, 2026· Franklin Templeton Trust (CIK 0001786958) N-MFP3, accession 0002071691-26-021281, filed 2026-09-04: exactly one <seriesId> (S000067043 — Franklin OnChain U.S. Government Money Fund). EDGAR full-text search 2026-09-14: "Franklin OnChain Global Government" 0 hits; "Franklin OnChain U.S. Government" 615 hits (negative control).

Disclosure Qualitycontract address

Contract address verified on Stellar: gBENJI:GD5J73EKK5IYL5XS3FBTHHX7CZIYRP7QXDL57XFWGC2WVYWT326OBXRP (primary deployment)

Confirmed active onchain.

Verified Aug 1, 2026· instrument_deployments registry — chain_id 1102

Holder Concentrationholder concentration snapshot

Top-10 holders control 100.00% of supply (after excluding protocol-controlled addresses). Concentration track: institutional_direct.

Holder snapshot refreshes on a rolling basis and may be up to 36 hours old.

Verified Aug 1, 2026· norm_concentration row observed 0d ago

Reference gBENJI's rating

Copy a ready-made citation. Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.

Plain

OnChain Benchmark (2026). gBENJI Quality Rating: 53/100 (Limited band), as of Sep 15, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/gbenji

Harvard

OnChain Benchmark (2026) 'gBENJI Quality Rating', OnChain Benchmark, Limited band, 53/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/gbenji (Accessed: Sep 15, 2026).

BibTeX

@misc{ocb_gbenji_2026,
  author = {{OnChain Benchmark}},
  title = {{gBENJI Quality Rating}},
  year = {2026},
  note = {53/100, Limited band, methodology v1.6},
  url = {https://onchainbenchmark.com/instruments/gbenji}
}