ONCHAINBENCHMARKThe measurement standard for tokenized capital
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Issuer Profile

Frax Finance

Frax Finance operates a decentralized stablecoin protocol; FRAX v3 is fully exogenously collateralized by T-bill AMO positions and USDC.

frax.finance ↗
Aggregate trust score
28/ 100
Weighted by outstanding supply
Instruments1
OCB — 01·Coverage

1 instrument under coverage

InstrumentClassScoreBandSupplyTrace
FRAX
Stablecoin27 /100
LIMITED
—
OCB — 02·Score history
26 readings

Frax Finance — aggregate trust rating, 90 days

Frax Finance — Aggregate Trust Rating

Weighted-average composite score (0–100)

Frax Finance aggregate trust rating is 28 as of Jul 7, 2026, weighted by outstanding supply across 1 instruments.

ONCHAIN
BENCHMARK
02040608010028TRUST SCORE 0–100JUN 26JUL 26
Source: OCB Trust Ratings · Frax Finance · onchainbenchmark.comUpdated daily
OCB — 03·Issuer metadata

Regulatory standing and governance

Legal structure
Decentralized protocol (veFXS governance); entity: Frax Finance (no formal legal wrapper confirmed ≥90%)
Change control
multi-signer
Homepage
https://frax.finance ↗
Regulatory status
No regulatory registration confirmed
Financial auditor
Not confirmed at ≥90% confidence
Methodology

Each instrument under Frax Financeis scored independently across four dimensions — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration — contributing up to 25 points each. The aggregate score shown here is weighted by each instrument's outstanding supply in USD.

Read the full methodology →
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