{
 "version": "tokenized_eligibility_v1",
 "generated": "2026-11-03",
 "checked_tz": "America/Chicago",
 "disclaimer": "Informational only, not legal, tax or investment advice. Eligibility is set by each issuer and platform and can change; confirm on the official page before buying. Assets are listed alphabetically by category; this is not a ranking. We have no paid, commission or referral links.",
 "investor_status": {
  "retail": "Regular investor (no special status)",
  "accredited": "Accredited investor (SEC Rule 501 of Regulation D)",
  "qp": "Accredited investor and qualified purchaser (Investment Company Act s. 2(a)(51))"
 },
 "result_values": {
  "yes": "Offered to US investors with this status, per the issuer/platform's own page",
  "depends": "Offered in the US with conditions you must confirm",
  "no": "The issuer/platform says it is not offered to US persons or to this status",
  "checking": "Not yet verified on an official page"
 },
 "assets": [
  {
   "slug": "dinari-dshares",
   "name": "Dinari dShares (tokenized US stocks & ETFs)",
   "category": "Tokenized stocks",
   "issuer": "Dinari",
   "us_persons": true,
   "min_status": "retail",
   "state_exclusions": [],
   "result": {
    "retail": "depends",
    "accredited": "depends",
    "qp": "depends"
   },
   "platforms": [
    "Dinari Securities, LLC (SEC-registered broker-dealer, FINRA member, CRD 329672) via the Dinari app and partner apps"
   ],
   "minimum": "checking",
   "catch": "Must pass KYC. Dinari says accreditation checks apply where legally required. Each dShare is backed 1:1 by a share held in custody at Alpaca. You buy through Dinari's partner platforms.",
   "sources": [
    {
     "url": "https://dinari.com/dshares",
     "label": "Dinari: dShares",
     "checked": "2026-11-03"
    }
   ]
  },
  {
   "slug": "kraken-xstocks",
   "name": "Kraken xStocks",
   "category": "Tokenized stocks",
   "issuer": "Backed Assets (JE) Limited",
   "us_persons": false,
   "state_exclusions": [],
   "result": {
    "retail": "no",
    "accredited": "no",
    "qp": "no"
   },
   "platforms": [],
   "minimum": "n/a",
   "catch": "Kraken: \"Not available in the U.S. or to U.S. persons.\"",
   "sources": [
    {
     "url": "https://www.kraken.com/xstocks",
     "label": "Kraken: xStocks",
     "checked": "2026-11-03"
    }
   ]
  },
  {
   "slug": "robinhood-stock-tokens",
   "name": "Robinhood Stock Tokens",
   "category": "Tokenized stocks",
   "issuer": "Robinhood Assets (Jersey) Limited",
   "us_persons": false,
   "state_exclusions": [],
   "result": {
    "retail": "no",
    "accredited": "no",
    "qp": "no"
   },
   "platforms": [],
   "minimum": "n/a",
   "catch": "Robinhood says Stock Tokens are not offered in the US or to US persons.",
   "sources": [
    {
     "url": "https://robinhood.com/rhj/stocktokens/",
     "label": "Robinhood: Stock Tokens",
     "checked": "2026-11-03"
    }
   ]
  },
  {
   "slug": "securitize-stocks",
   "name": "Securitize Stocks",
   "category": "Tokenized stocks",
   "issuer": "Securitize",
   "us_persons": true,
   "state_exclusions": [],
   "result": {
    "retail": "depends",
    "accredited": "depends",
    "qp": "depends"
   },
   "platforms": [
    "Securitize Markets, LLC (SEC-registered broker-dealer, FINRA/SIPC member)"
   ],
   "minimum": "checking",
   "catch": "Offered to eligible investors in the US; 25 stocks as of Nov 2, 2026. Confirm eligibility when you open an account.",
   "sources": [
    {
     "url": "https://investors.securitize.io/news/news-details/2026/Securitize-Expands-Onchain-U-S--Stock-Offering-to-25-Equities/",
     "label": "Securitize: 25 equities (Nov 2, 2026)",
     "checked": "2026-11-03"
    }
   ]
  },
  {
   "slug": "franklin-benji",
   "name": "Franklin OnChain U.S. Government Money Fund (BENJI / FOBXX)",
   "category": "Tokenized Treasuries & money funds",
   "issuer": "Franklin Templeton",
   "us_persons": true,
   "state_exclusions": [],
   "result": {
    "retail": "depends",
    "accredited": "depends",
    "qp": "depends"
   },
   "platforms": [
    "Benji by Franklin Templeton app (individuals); sold directly by the fund only"
   ],
   "minimum": "$20 for most accounts (Stellar); higher on other networks",
   "catch": "A registered money fund for US residents, but you \"may only buy shares of a fund eligible for sale in your state\" \u2014 Franklin does not publish the state list, so confirm in the app. IRAs and retirement plans cannot invest. Not sold through brokers.",
   "sources": [
    {
     "url": "https://www.sec.gov/Archives/edgar/data/1786958/000174177325002737/c485bpos.htm",
     "label": "SEC EDGAR: fund prospectus",
     "checked": "2026-11-03"
    },
    {
     "url": "https://digitalassets.franklintempleton.com/benji/",
     "label": "Franklin Templeton: Benji",
     "checked": "2026-11-03"
    }
   ]
  },
  {
   "slug": "ondo-ousg",
   "name": "Ondo OUSG (tokenized short-term Treasuries fund)",
   "category": "Tokenized Treasuries & money funds",
   "issuer": "Ondo I LP",
   "us_persons": true,
   "state_exclusions": [],
   "result": {
    "retail": "no",
    "accredited": "no",
    "qp": "depends"
   },
   "platforms": [
    "Ondo Qualified-Access Funds onboarding"
   ],
   "minimum": "checking",
   "catch": "Only for people who are both accredited investors and qualified purchasers.",
   "sources": [
    {
     "url": "https://docs.ondo.finance/qualified-access-products/ousg/important-notes",
     "label": "Ondo: OUSG important notes",
     "checked": "2026-11-03"
    }
   ]
  },
  {
   "slug": "ondo-usdy",
   "name": "Ondo USDY (tokenized Treasuries note)",
   "category": "Tokenized Treasuries & money funds",
   "issuer": "Ondo Global Markets (BVI) Limited",
   "us_persons": false,
   "state_exclusions": [],
   "result": {
    "retail": "no",
    "accredited": "no",
    "qp": "no"
   },
   "platforms": [],
   "minimum": "n/a",
   "catch": "Offered under Regulation S: US persons and anyone ordering from inside the US cannot subscribe, acquire or redeem.",
   "sources": [
    {
     "url": "https://docs.ondo.finance/general-access-products/usdy/eligibility",
     "label": "Ondo: USDY eligibility",
     "checked": "2026-11-03"
    }
   ]
  },
  {
   "slug": "paxg-robinhood",
   "name": "Pax Gold (PAXG) on Robinhood Crypto",
   "category": "Tokenized gold",
   "issuer": "Paxos",
   "us_persons": true,
   "state_exclusions": [
    {
     "state": "NY",
     "reason": "Robinhood: \"Not available for trading in New York\" (footnote 1 on PAXG)"
    }
   ],
   "result": {
    "retail": "yes",
    "accredited": "yes",
    "qp": "yes"
   },
   "platforms": [
    "Robinhood Crypto"
   ],
   "minimum": "checking",
   "catch": "Robinhood lists PAXG as tradable, except in New York. Other platforms list PAXG too; we haven't checked their state lists yet.",
   "sources": [
    {
     "url": "https://robinhood.com/us/en/support/articles/coin-availability/",
     "label": "Robinhood: Crypto availability",
     "checked": "2026-11-03"
    }
   ]
  }
 ],
 "held_unverified": [
  "Ondo Global Markets stocks",
  "Oasis Pro Markets (Ondo) US retail offering",
  "BlackRock BUIDL",
  "Tether Gold (XAUT)",
  "PAXG on Coinbase/Kraken/Gemini/Crypto.com by state",
  "Lofty and RealT tokenized real estate",
  "Minimums for Dinari, Securitize, OUSG, PAXG"
 ],
 "resolved": [
  {
   "item": "Coinbase stocks",
   "finding": "Coinbase offers 24/5 commission-free trading of ordinary US stocks through Coinbase Capital Markets to all US traders. These are traditional stocks, not tokens.",
   "url": "https://www.coinbase.com/stocks",
   "checked": "2026-11-03"
  },
  {
   "item": "Gemini Stocks",
   "finding": "Gemini Stocks are traditional stocks and ETFs (SIPC-covered through its clearing broker), live for US residents except Guam and Texas. They are not tokenized stocks.",
   "url": "https://www.gemini.com/stocks",
   "checked": "2026-11-03"
  }
 ]
}