Information, not investment advice. Facts are copied from cited issuer and regulator documents with retrieval dates; anything we could not verify is marked unknown. Nothing here is a recommendation, ranking, or eligibility determination about you.

Who can buy tokenized Treasury funds? Minimums and investor rules, sourced

Last verified 2026-10-26. Published by Bitcoin Family Education.

As of 2026-10-25, most tracked tokenized Treasury funds are private funds for accredited investors or qualified purchasers. BUIDL's minimum is disputed: USD 100,000 on its SEC Form D (2026-07-27) vs USD 5,000,000 in 2024 press releases. OUSG requires USD 5,000 for instant transactions. Franklin's BENJI (FOBXX) lists USD 20 on Stellar. Several funds, including USDY, USYC and Spiko USTBL, exclude US persons. Check the issuer's documents.

The three access tiers

• Private US funds sold under Reg D Rule 506(b)/(c) and Investment Company Act 3(c)(7): buyers must be qualified purchasers (individuals owning at least USD 5M in investments; 15 U.S.C. 80a-2(a)(51)) and, for 506(c), verified accredited investors (17 CFR 230.501(a)). Examples: BUIDL, iBENJI, OUSG.
• SEC-registered funds open to the public after KYC, e.g. BENJI (FOBXX), WTGXX.
• Non-US products (Reg S or foreign funds) that exclude US persons, e.g. USDY, Spiko USTBL, USYC.

Can US residents buy USDY?

No. Ondo's USDY eligibility page lists the United States among prohibited jurisdictions: individuals located or residing in the US may not subscribe for, acquire or redeem USDY. It also prohibits persons placing buy orders from within the US, and US persons under Rule 902 of Regulation S or anyone acting for them. Ondo's USDY important notes say USDY tokens are not registered under the Securities Act of 1933 and may not be offered or sold in the US or to US persons unless registered or exempt. Sources: Ondo USDY eligibility, Ondo USDY important notes, checked 2026-10-26.

All 26 funds, sorted alphabetically by ticker

Where figures conflict, see where sources disagree. How we check: method.

FAQ

What is a qualified purchaser?

Under 15 U.S.C. 80a-2(a)(51), a natural person who owns at least USD 5,000,000 in investments, and most entities owning at least USD 25,000,000 in investments. It is an investments test, not a net-worth test.

Can US residents buy USDY?

No. Ondo's USDY eligibility page lists the United States among prohibited jurisdictions: individuals located or residing in the US may not subscribe for, acquire or redeem USDY. It also prohibits persons placing buy orders from within the US, and US persons under Rule 902 of Regulation S or anyone acting for them. Ondo's USDY important notes say USDY tokens are not registered under the Securities Act of 1933 and may not be offered or sold in the US or to US persons unless registered or exempt. Sources: https://docs.ondo.finance/general-access-products/usdy/eligibility and https://docs.ondo.finance/general-access-products/usdy/important-notes, checked 2026-10-26.

Can I buy a tokenized Treasury fund with USD 100?

As of 2026-10-25, BENJI (FOBXX) lists USD 20 on Stellar and USD 100 on Aptos, Base and Solana per its prospectus, and some non-US funds list USD 1. Eligibility per issuer; not a determination about you.