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Current applicability is not asserted."],"possibleTierIds":["U1_liquidity_100"],"rationale":"Dated bill/government-security, overnight secured repo and cash composition admits normal five-business-day market-quality/settlement proxy; no stress guarantee.","remainingWork":"Resolve remaining agency normal-market liquidity and any material encumbrance. Actual disposal receipts are not required for normal-liquidity criterion.","scope":"The named fund and BENJI share identity are established in retained formal documents. Direct registered shareholder rights do not automatically describe nominee customers, and legal identity does not establish current contract safety.","selectionBasis":{"kind":"proxy","proxyRoute":"holdingsSupported","ruleId":"U1_liquidity_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S1_pdf","confidence":"medium","confidenceBasis":"T3 own report.","confidenceFactors":{"availability":1,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["benji-p5"],"limitations":["See report boundaries."],"possibleTierIds":["S1_pdf_70"],"rationale":"PDF findings policy.","remainingWork":"New report evidence.","scope":"BENJI listed PDF object","selectionBasis":{"kind":"observed","ruleId":"S1_pdf_70"},"state":"supported"}],"caps":[{"capId":"licensing","factIds":["benji.trial.public-registration","benji.shareAndRegister","benji.roleAssignments","benji.scopedRegistrationWork","benji.reviewed-institution-benji-20261010-c4-primary-western-ia6969-order"],"possibleStateIds":["adequate_authorization"],"rationale":"Relevant named fund/manager supervision or lawful private-fund exemption supported; no current indispensable-business prohibition established.","selectionBasis":{"kind":"proxy","ruleId":"adequate_authorization"}},{"capId":"bankruptcy_remoteness","factIds":["benji.shareAndRegister","benji:pool-priority.reviewed-fact"],"possibleStateIds":["bounded_cross_pool_liability"],"rationale":"Formal trust permits specified limited cross-series indemnification/expense liability.","selectionBasis":{"kind":"observed","ruleId":"bounded_cross_pool_liability"}},{"capId":"holder_rights","factIds":["benji:holder-claim.reviewed-fact"],"possibleStateIds":["protected_ownership_or_beneficial_interest"],"rationale":"Same admitted direct or beneficial fund ownership as S2_claim; unsupported nominee/receipt routes excluded.","selectionBasis":{"kind":"proxy","ruleId":"protected_ownership_or_beneficial_interest"}},{"capId":"reserve_verification","factIds":["benji.expansion.audited_period_accounts","benji.roleAssignments","benji.expansion.valuation_method","benji.trial.daily-nav-sample","benji.shareAndRegister","benji.trial.share-recovery"],"possibleStateIds":["applicable_independent_verification"],"rationale":"Applicable independent fund audit plus authoritative direct-share records and documented reconciliation support scoped recurring verification.","selectionBasis":{"kind":"proxy","ruleId":"applicable_independent_verification"}},{"capId":"underlying_credit_quality","factIds":["benji.reportedSecurityCategoriesUsd","benji.repoPositions","benji.permittedGovernmentStrategy","benji.audit20261011.issuer-reported-sp-psfr","benji.audit20261011.issuer-debt-rating-crosscheck"],"possibleStateIds":["credit_component_at_least_80"],"rationale":"Mechanically follows admitted U1_credit 80; no separate adverse inference.","selectionBasis":{"kind":"proxy","ruleId":"credit_component_at_least_80"}}],"eligibility":"eligible","facts":[{"dateLabel":"2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-09-30","id":"benji.reportedSecurityCategoriesUsd","scope":"Franklin OnChain U.S. Government Money Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"At 30 September 2026, the fund reported about $251.41m of Treasury debt, $246.86m of agency debt and $170m of repos. Repo collateral does not remove the counterparty claim."},{"dateLabel":"2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-09-30","id":"benji.repoPositions","scope":"Franklin OnChain U.S. Government Money Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"The filed portfolio reports repos with Bank of America, Bank of Montreal and Credit Agricole; the four positions total $170m."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.permittedGovernmentStrategy","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"formalTerms","statement":"Formal policy allocates at least 99.5% of total assets to government securities, cash and fully collateralized repos. Some agency debt is expressly not guaranteed by the US government."},{"dateLabel":"2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-09-30","id":"benji.actualWamWalDays","scope":"Franklin OnChain U.S. Government Money Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"At 30 September 2026, reported weighted-average maturity was 31 days and weighted-average life was 105 days."},{"dateLabel":"2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-09-30","id":"benji.accountingFieldsUsd","scope":"Franklin OnChain U.S. Government Money Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"At 30 September 2026, reported cash was $28.44m and net assets were $667.96m. Accounting figures do not establish economic leverage or token reconciliation."},{"dateLabel":"2026-10-08 codification observed2026-10-10","evidenceIds":["benji-comparable-fb7faca44ed37c3d923e"],"factDate":null,"id":"shared.rule2a7-normal-liquidity","scope":"Rule2a-7 actual filed USmoney-market portfolios; category semantics only","sourceRole":"primary_original_reread","statement":"Rule2a-7 defines daily liquid assets to include cash and direct USgovernment obligations; weekly liquid assets additionally include specified short discount agencies and assets unconditionally payable within five business days. These are normal regulatory liquidity classifications, not stress performance. The rule also restricts portfolio securities to USD-denominated eligible securities and defines USD principal/interest payment currency."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-benji-custody-joinder"],"factDate":"2026-08-01","id":"benji.expansion.custody_structure","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"formal_terms","statement":"JPMorgan Chase Bank is named custodian and sub-administrator; PwC is independent registered public accounting firm."},{"dateLabel":"2020-03-01 BENJI master; 2022-03-31 JLTXX master; 2026 schedules and MONY2026-08-26 filing","evidenceIds":["benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-comparable-652d9549e7a00053d17e","benji-comparable-f1f9694b4e4909bf736c","benji-comparable-fa8c9b911e65f73e020f"],"factDate":null,"id":"jpm-exact-custodian-entity","scope":"The named fund and BENJI share identity are established in retained formal documents. Direct registered shareholder rights do not automatically describe nominee customers, and legal identity does not establish current contract safety.","sourceRole":"scoped primary source","statement":"BENJI global agreement identifies JPMORGAN CHASE BANK,NATIONAL ASSOCIATION; JLTXX global custody/accounting agreement identifies JPMORGAN CHASE BANK,N.A. Later exact fund schedules bind the respective funds. MONY Form ADV names the same legal bank for custody and administration."},{"dateLabel":"Page undated; observed2026-10-10","evidenceIds":["benji-comparable-19f8aba09d640cc60ea8"],"factDate":null,"id":"jpm-bank-current-issuer-ratings","scope":"The named fund and BENJI share identity are established in retained formal documents. Direct registered shareholder rights do not automatically describe nominee customers, and legal identity does not establish current contract safety.","sourceRole":"scoped primary source","statement":"The bank group’s current public fixed-income table separately reports JPMorgan Chase Bank,N.A.long-term issuer ratings Moody’s Aa2,S&P AA-,Fitch AA, all stable; a distinct table covers its parent."},{"dateLabel":"2026-10-02 registry run; financial report2026-06-30","evidenceIds":["benji-20261007-c4feas-jpm-bank-fdic","benji-20261007-c4feas-fdic-institution-properties"],"factDate":null,"id":"shared.jpm-bank-charter","scope":"Exact JPMorgan Chase Bank, National Association; charter/custody role only","sourceRole":"primary_original_reread","statement":"FDIC exact bank CERT628 is JPMorgan Chase Bank, National Association, ACTIVE1, FEDCHRTR1, CHRTAGNT OCC, BANKCLASS N; report date30June2026, run date2October2026. The bank entity differs from parent JPMorgan Chase&Co."},{"dateLabel":"2020-03-01 master;2026-04-01 fund schedule","evidenceIds":["benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026"],"factDate":null,"id":"benji.trial.custody-contract-controls","scope":"BENJI exact bank custody service","sourceRole":"primary_original_reread","statement":"Applicable JPMorgan custody contract segregates customer securities on bank/subcustodian records; supplies statements and record access to customer and independent auditors; provides SOC/control-report access and custody exit/successor duties. Continuity testing is a contractual obligation. No successful test result or current exact-service SOC opinion was acquired."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-ncsr"],"factDate":"2026-08-01","id":"benji.roleAssignments","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"formalTerms","statement":"Franklin Advisers oversight, Western Asset portfolio management, affiliated administration/TA/distribution, independent JPMorgan custody/sub-administration and PwC audit are documented."},{"dateLabel":"2026-10-01","evidenceIds":["benji-profile-20261010-source-043","benji-profile-20261010-source-042"],"factDate":"2026-10-01","id":"benji.historicalControlObservations","scope":"Multi-chain public-contract and public-evidence assessment. Technical evidence through 2026-09-29; RWA linkage evidence through 2026-09-30. Networks: Ethereum; Polygon; Arbitrum; Avalanche; Base; Stellar; Solana; Aptos. Network: Ethereum; Address: 0x3DDc84940Ab509C11B20B76B466933f40b750dc9; Component: Fund Token proxy and reviewed module suite; Observation: Block 26077255; hash 0x0185ec4e38cfa4218069f30135d169f8f129c08ebd56c393b719ffea8f608672. Network: Polygon; Address: 0x408A634B8a8f0dE729B48574a3a7Ec3fE820B00A; Component: Fund Token proxy and reviewed module suite; Observation: Block 94606044; hash 0xb34d333827696460328d26aedc6d9233c9aaa3d057629a79de7bf69719dc105c. Network: Arbitrum; Address: 0xB9e4765BCE2609bC1949592059B17Ea72fEe6C6A; Component: Fund Token proxy and reviewed module suite; Observation: Block 509766342; hash 0x53608c98b7040a5f321f88c95a906e63c6e783b8e222c7451dd53495e8297015. Network: Avalanche; Address: 0xE08b4c1005603427420e64252a8b120cacE4D122; Component: Fund Token proxy and reviewed module suite; Observation: Block 96335661; hash 0x9dfe61e699244ccd493fb781e4f6341c697d1235ef41d8a670d3d1763f394007. Network: Base; Address: 0x60CfC2b186a4CF647486e42c42B11cC6D571d1E4; Component: Fund Token proxy and reviewed module suite; Observation: Block 51912448; hash 0xd183aa7c76f1f6164f494879e88712a233634a4f704ae0566205b9190eceafe3. Network: Stellar; Component: Classic asset and issuer control surface; Observation: Ledger 64667065; hash 4d113d8dc8ca0c153ec319e21c8cceaab7968d87d0d3612994884dabb785bae9. Network: Solana; Component: Token-2022 mint plus MultiSig, MultiChain and transfer-hook programs; Observation: Finalized slot 451404746. Network: Aptos; Component: Primary Fungible Asset metadata with FTFunds and FTSecurity packages; Observation: Ledger version 7400640820; block height 1076794969. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Solana direct signable upgrade authority covers three programs outside application multisig. Stellar weight3 signer alone meets low/medium thresholds. No ordinary-attacker authority path established."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-trust"],"factDate":"2026-08-01","id":"benji.shareAndRegister","scope":"Fund shares represented by BENJI tokens","sourceRole":"formalTerms","statement":"BENJI represents direct Fund shares; transfer-agent records establish ownership, series assets/liabilities separately recorded, creditors paid before residual distribution."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-trust"],"factDate":null,"id":"benji:holder-claim.reviewed-fact","scope":"Direct registered BENJI Fund shareholder; excludes nominee customers and unregistered beneficial-holder routes.","sourceRole":"formalTerms","statement":"A directly registered holder owns enforceable fund shares with redemption and proportional residual rights."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["benji-20261007-prep-benji-trust","benji-20261007-prep-benji-sec-prospectus"],"factDate":null,"id":"benji:pool-priority.reviewed-fact","scope":"Specified Trust and series indemnity obligations under Article VII2(g); no loss is asserted, and this is not a statement about every liability.","sourceRole":"formalTerms","statement":"The Trust and its series share joint liability for specified indemnification and expense advances. Assets of other series can be reached for that obligation."},{"dateLabel":"2026-03-31","evidenceIds":["benji-20261009-v2-factual-benji-ncsr"],"factDate":"2026-03-31","id":"benji.expansion.audited_period_accounts","scope":"Exact Franklin OnChain U.S. Government Money Fund, year ended31March2026, original NCSR","sourceRole":"reported_period_data","statement":"PwC opinion signed21May2026 states Franklin OnChain U.S. Government Money Fund financial statements including schedule of investments at31March2026 present fairly in all material respects under USGAAP."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.expansion.valuation_method","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"formal_terms","statement":"Fund uses amortized cost to seek a stable $1 share price; separate market-basis September accounting values remain retained."},{"dateLabel":"2026-09-01/2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":null,"id":"benji.trial.daily-nav-sample","scope":"BENJIfund dailyNAVreportedsample","sourceRole":"regulatory_filing_reported_period_data","statement":"September2026 N-MFP contains21daily fund/class NAVobservations for businessdays1–30September, eachreported1.0000."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.trial.share-recovery","scope":"BENJI direct registered fund-share ownership and platform correction path","sourceRole":"binding_terms_control_process","statement":"Formal prospectus states transfer agent maintains correction controls for all investor wallets across its blockchain system, including lost/stolen wallet-key circumstances. Corrections append instructions rather than deleting historical blocks."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.ordinaryAndExceptionalTerms","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"formalTerms","statement":"The prospectus describes ACH as typically taking two to three business days and says proceeds will be sent within seven days. Sending is not a proven delivery deadline. Payment in securities or other assets is permitted under the stated conditions."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.trial.direct-redemption-exceptions","scope":"Franklin OnChain U.S. Government Money Fund; exact fund process or direct-holder contract, not all deployments or nominee routes","sourceRole":"formalTerms","statement":"The prospectus lets the Manager choose whole or partial payment in securities or other assets for a particular request or request type, at its sole discretion in the Fund’s best interest consistent with law. The SAI limits Board in-kind authority to emergencies or cash payment detrimental to existing holders, pricing delivered securities on the Fund NAV basis. Holders bear disposal costs and market risk. Coordination of these two clause sets remains unresolved."},{"dateLabel":"2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-09-30","id":"benji.regulatoryLiquidAssets","scope":"Franklin OnChain U.S. Government Money Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"The September filing reports daily and weekly liquid assets of $449.96m and $487.47m. These are regulatory liquidity categories, not tested redemption execution capacity."},{"dateLabel":"2026-09-01 through2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":null,"id":"benji.trial.actual-redemptions","scope":"BENJI exact filed series operating activity","sourceRole":"regulatory_filing_reported_period_data","statement":"September2026 N-MFP reports21daily gross-redemption rows and monthly total gross redemptionsUSD42066969.49. These are reported realized fund redemption activity; they do not identify each request-to-payment delay or bank receipt."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.trial.public-registration","scope":"Exact BENJIfund registration andshare identity","sourceRole":"binding_filed_registration","statement":"The prospectus filing is a registration statement under the Investment Company Act1940 for FranklinTempletonTrust; BENJI is its named governmentmoney-market fund with direct registered shares."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["benji-20261007-prep-franklin-registry-browser","benji-20261007-prep-western-registry-browser"],"factDate":null,"id":"benji.scopedRegistrationWork","scope":"Exact registered adviser observations; broader roles require their individual records","sourceRole":"historicalResearch","statement":"Adviser, subadviser, bank, TA, distributor and auditor records are retained in accepted evidence; exact additional role/activity and current-measure applicability remain unresolved."},{"dateLabel":"2026-06-05","evidenceIds":["benji-20261010-c4-primary-western-ia6969-order"],"factDate":"2026-06-05","id":"benji.reviewed-institution-benji-20261010-c4-primary-western-ia6969-order","scope":"Western Asset Management Company, LLC as respondent in SEC Investment Advisers Act Release6969 datedJune5,2026; respondent-wide order provisions and stated underlying conduct.","sourceRole":"officialRecord","statement":"The retained Western Asset order includes respondent-wide cease-and-desist and censure provisions and a$100m Fair Fund with distribution obligations. Western Asset is BENJI’s subadviser; losses described for other funds are not BENJI losses."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp"],"factDate":null,"id":"benji.accounting-period-evidence","scope":"The named Franklin OnChain U.S. Government Money Fund, audited period endingMarch31,2026 and September30,2026 filed balance information.","sourceRole":"reportedPeriodData","statement":"Retained accounting evidence concerns the named fund and its stated accounting periods; it does not establish current provider cash, funded continuity or operating runway."},{"dateLabel":"2021-04-06 commencement through2026-03-31 annual figures","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":null,"id":"benji.trial.tokenized-track","scope":"BENJI same named onchain fund and related register technology track","sourceRole":"binding_filing_historical_operating_record","statement":"BENJI prospectus gives6April2021 commencement and annual operating figures throughMarch2026 for this native onchain fund, while naming Franklin transfer-agent proprietary integrated records. This supports a more-than3year related onchain fund/register operating track; separate exact same-service continuity should be checked against the historical registration if disputed. Group investment management since1947 is not substituted for exact current subadviser government-asset tenure."},{"dateLabel":"2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-09-30","id":"benji.trial.actual-issuer-aggregation","scope":"BENJI exact filed series portfolio; gross-asset denominator; agency issuers not automatically sovereign","sourceRole":"primary_original_reread","statement":"SEC September2026 N-MFP issuer aggregation at reported values: {\"Bank of America Corp.\": 60000000.0, \"Federal Farm Credit Banks Funding Corp.\": 83993345.89, \"U.S. Treasury Bills\": 235251540.94999993, \"Federal Home Loan Banks\": 136865428.82999998, \"Federal National Mortgage Association\": 13002424.4, \"Federal Home Loan Mortgage Corp.\": 13001769.49, \"U.S. Treasury Notes\": 16159130.16, \"Bank of Montreal\": 60000000.0, \"Credit Agricole Corporate and Investment Bank SA\": 50000000.0}. Gross assets=697844956.95; NAV=667960091.75; cash=28441399.12; other assets=1129918.11."},{"dateLabel":"2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.trial.nonsovereign-agencies","scope":"BENJI named government-agency mandate and actual September agency rows","sourceRole":"primary_original_reread","statement":"Prospectus specifically names FannieMae,FreddieMac,Federal Home Loan Banks and Federal Farm Credit Banks as securities neither issued nor guaranteed by the US Government."},{"dateLabel":"2026-09-30","evidenceIds":["benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-09-30","id":"benji.trial.five-day-maturity-floor","scope":"BENJI reported portfolio; five-business-day calendar through2026-10-07","sourceRole":"primary_original_reread","statement":"Reported positions with WAL maturity on/before7October2026 total $170,000,000.00; plus reported cash $28,441,399.12 equals 28.436316% of gross assets. This is a dated normal-contractual maturity/cash floor within five business days of30September, not verified realized proceeds or sale execution for longer positions."},{"dateLabel":"Original rating effective date not printed in retrieved issuer page; S&P action indexed 2026-06-24","evidenceIds":["benji-audit20261011-issuer-fund-ratings","benji-audit20261011-sp-index-crossreference"],"factDate":null,"id":"benji.audit20261011.issuer-reported-sp-psfr","scope":"FOBXX, BENJI fund shares; issuer display retrieved 2026-10-11 Asia/Shanghai","sourceRole":"issuerReportedFundRating","statement":"The exact FOBXX Franklin OnChain U.S. Government Money Fund product page identifies Fund Number BENJI and reports S&P AAAm principal stability fund rating and Fitch AAAmmf. The source is an issuer display; the S&P action URL is separately identified but its full body was not retrievable."},{"dateLabel":"Holdings 2026-09-30; debt-rating issuer web pages undated at October 11 review","evidenceIds":["benji-20261009-v2-factual-benji-nmfp","benji-audit20261011-fhlb-issuer-ratings","benji-audit20261011-ffcb-issuer-ratings"],"factDate":"2026-09-30","id":"benji.audit20261011.issuer-debt-rating-crosscheck","scope":"Franklin OnChain U.S. Government Money Fund September 30 2026 N-MFP and issuer debt-rating web pages retrieved October 11 Asia/Shanghai","sourceRole":"regulatoryHoldingsWithIssuerReportedDebtRatings","statement":"The 30 September 2026 N-MFP lists $251,410,671.11 Treasury debt, $136,865,428.83 Federal Home Loan Banks debt and $83,993,345.89 Federal Farm Credit Banks Funding Corp debt, together $472,269,445.83 or 70.670% of the $668,273,639.72 securities schedule. FHLB Office of Finance and Farm Credit Funding issuer pages currently report AA+/Aa1 long-term debt symbols. These issuer reports do not verify the exact security agency rating at the September holdings date or repo counterparty/collateral protection."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["benji-profile-20261010-source-043"],"factDate":"2026-10-01","id":"benji.reference-scoring.identified-chain-review","scope":"Franklin OnChain U.S. Government Money Fund; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for BENJI on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":null,"id":"benji.reference-scoring.named-product-identity","scope":"Franklin OnChain U.S. Government Money Fund; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"BENJI identifies the named product Franklin OnChain U.S. Government Money Fund. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["benji-pdf1"],"factDate":null,"id":"benji-p5","scope":"BENJI listed PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-BENJI-2026-001"},{"dateLabel":"Original fact date not disclosed","evidenceIds":["benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026"],"factDate":null,"id":"benji.methodology52.custodianAppointment","scope":"JPMorgan Chase Bank, N.A.","sourceRole":"custodyAppointment","statement":"The fund appoints JPMorgan Chase Bank, N.A. as custodian."},{"dateLabel":"2026-10-10","evidenceIds":["benji-methodology52-jpm-issuer-rating-table"],"factDate":"2026-10-10","id":"benji.methodology52.custodianEntityRating","scope":"JPMorgan Chase Bank, N.A.","sourceRole":"custodianEntityRating","statement":"The official JPMorgan fixed-income investor table archived on 10 October 2026 reports S&P AA- as the long-term issuer rating of JPMorgan Chase Bank, N.A."},{"dateLabel":"2026-05-21","evidenceIds":["benji-20261009-v2-factual-benji-ncsr"],"factDate":"2026-05-21","id":"benji.methodology52.completedFundAudit","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"completedIndependentFundAudit","statement":"PwC signed its independent audit opinion on 21 May 2026 for the fund financial statements and schedule of investments as at 31 March 2026."},{"dateLabel":"2026-05-01","evidenceIds":["benji-20261007-c4feas-benji-bank-fsa-base","benji-20261007-c4feas-benji-bank-fsa-may2026","benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-05-01","id":"benji.methodology52.independentFundNavAdministration","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"independentNavAdministration","statement":"JPMorgan Chase Bank, N.A. provides fund accounting and NAV calculation under the 22 January 2020 Fund Services Agreement. The May 2026 restated fund schedule includes Franklin OnChain U.S. Government Money Fund."},{"dateLabel":"2026-09-18","evidenceIds":["benji-methodology52-nmfp-actual-nav","benji-methodology52-fund-business-calendar","benji-methodology52-nyse-calendar","benji-methodology52-frbny-calendar"],"factDate":"2026-09-18","id":"benji.methodology52.fiveConsecutiveFundNavDates","scope":"Franklin OnChain U.S. Government Money Fund","sourceRole":"reportedPeriodData","statement":"The SEC N-MFP reports transaction NAV of 1.0000 USD on each of 14, 15, 16, 17 and 18 September 2026, five consecutive fund business dates."},{"dateLabel":"2020-03-01 master agreement; 2026-04-01 fund schedule","evidenceIds":["benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026"],"factDate":null,"id":"benji.52.custody.segregation","scope":"JPMorgan Chase Bank, National Association custody of BENJI Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"The JPMorgan custody agreement identifies financial assets credited to each fund account as belonging to that fund. Subcustodians identify customer assets through differently titled accounts or equivalent protection where applicable law permits."},{"dateLabel":"2020-03-01 master agreement; 2026-04-01 fund schedule","evidenceIds":["benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026"],"factDate":null,"id":"benji.52.custody.records","scope":"JPMorgan Chase Bank, National Association custody of BENJI Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"JPMorgan provides account information identifying the financial assets and transactions of each fund account, and permits access to its records by the fund and its auditors under the custody agreement."},{"dateLabel":"2020-03-01 master agreement; 2026-04-01 fund schedule","evidenceIds":["benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026"],"factDate":null,"id":"benji.52.custody.authorized-instructions","scope":"JPMorgan Chase Bank, National Association custody of BENJI Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"The fund and JPMorgan must follow the agreed security procedures for delivery and authentication of custody instructions. Authorized persons safeguard their access credentials and notify the bank of compromise."},{"dateLabel":"2020-03-01 master agreement sections 2.6 and 2.11; 2026-04-01 fund schedule","evidenceIds":["benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026"],"factDate":null,"id":"benji.52.custody.record-review","scope":"JPMorgan Chase Bank, National Association custody of BENJI Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"The fund customer reviews JPMorgan account information and gives written notice of suspected errors or omissions. The contract assigns account-record checking and exception notification to the customer; it separately requires actual receipt and reconciliation before ordinary income crediting."},{"dateLabel":"Applicable prospectus effective 2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.52.service.responsibilities","scope":"BENJI directly registered Fund shareholder registration, recordkeeping, redemption and lost-key correction services","sourceRole":"essentialServiceControl","statement":"The transfer agent is responsible for maintaining accurate Fund share ownership on the blockchain networks used by its recordkeeping system and for controls that correct ownership errors and unauthorized transactions."},{"dateLabel":"Prospectus effective 2026-08-01; separate redemption sample September 2026","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261009-v2-factual-benji-nmfp"],"factDate":"2026-08-01","id":"benji.52.service.procedures","scope":"BENJI directly registered Fund shareholder registration, recordkeeping, redemption and lost-key correction services","sourceRole":"essentialServiceControl","statement":"The transfer agent uses a permissioned blockchain-integrated ownership system with approved wallets and administrative correction controls. Corrections append instructions to the record, and September fund filings separately report realized redemption activity."},{"dateLabel":"Applicable prospectus effective 2026-08-01","evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"factDate":"2026-08-01","id":"benji.52.service.lost-key-recovery","scope":"BENJI directly registered Fund shareholder registration, recordkeeping, redemption and lost-key correction services","sourceRole":"essentialServiceControl","statement":"The prospectus describes transfer-agent corrections for lost or stolen wallet private keys. The speed with which an investor notifies the transfer agent of loss or theft affects the time needed to perform those corrections."}],"identityReason":"Named product identified in retained primary records. The named fund and BENJI share identity are established in retained formal documents. Direct registered shareholder rights do not automatically describe nominee customers, and legal identity does not establish current contract safety.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"Franklin OnChain U.S. Government Money Fund; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["benji.historicalControlObservations"],"kind":"simplePermissionedShareRecord","scope":"Assessed permissioned share-record graph; private FTIS and cross-network settlement excluded."},"issues":[{"factIds":["benji.historicalControlObservations"],"id":"benji-authority","kind":"controlObservation","label":"Single-controller privileged path observed.","scope":"BENJI retained September2026 deployment scope and exclusions, original report§2+manifest and cited facts; no October11 refresh.","severity":"unassigned","status":"unresolved"},{"factIds":["benji.historicalControlObservations"],"id":"BENJI-C01","kind":"candidate","label":"Aptos candidate depends on independent funded-holder key control.","scope":"Condition has not been established; no confirmed defect.","severity":"unassigned","status":"unresolved"}]},"securityReport":{"admittedRoots":[{"condition":"established-single-critical-controller","evidence":[{"findingId":"O01","page":8,"quote":"same system account rather than the configured multisig authority PDA."}],"family":"critical-authority","reason":"Three Solana programs share a direct upgrade authority.","rootCause":"solana-direct-upgrade","rule":"PF70-A"},{"condition":"established-single-critical-controller","evidence":[{"findingId":"O02","page":8,"quote":"A single weight-3 signer can satisfy low or medium thresholds."}],"family":"critical-authority","reason":"One Stellar weight-three signer meets operational thresholds.","rootCause":"stellar-operational-threshold","rule":"PF70-A"}],"candidateOverallTreatment":null,"evidenceAsOf":"Technical observations through 2026-09-29; RWA linkage through 2026-09-30; chain-specific anchors in PDF p4","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"candidate","consequence":"Mechanics validated. Recipient eligibility/accounting bypass is conditional on external funded-holder control; cannot steal other balances, bypass source freeze or mint.","id":"C01","pages":[7],"quote":"The decisive missing fact is control of the funded holder","statement":"Aptos vanilla transfer omits the custom holder registry."},{"classification":"control_observation","consequence":"An authorized upgrade can replace logic above application signer thresholds. No ordinary-attacker route established; private custody unproved.","id":"O01","pages":[8],"quote":"same system account rather than the configured multisig","statement":"Three Solana programs share a direct upgrade authority."},{"classification":"control_observation","consequence":"One weight-3 signer meets low/medium operations; high actions require aggregate six. No ordinary route to signer authority identified.","id":"O02","pages":[8],"quote":"A single weight-3 signer can satisfy low or medium","statement":"One Stellar weight-three signer meets operational thresholds."}],"identityStatus":"issuer-attributed official public deployment scope","limitations":[{"id":"L01","pages":[9],"statement":"Private FTIS worker, replay/finality store and post-scheduling freeze policy unavailable"},{"id":"L02","pages":[9],"statement":"Solana source, complete IDLs and reproducible build attestations incomplete"},{"id":"L03","pages":[9],"statement":"Aptos funded-holder key controller not independently evidenced"},{"id":"L04","pages":[9],"statement":"No authenticated end-to-end production or staging cross-network transfer"},{"id":"L05","pages":[9],"statement":"Private legal register, same-cutoff reconciliation, custody and portfolio records unavailable"}],"overallLabel":"Overall score","pdfPageCount":10,"pdfPath":"public/audit-reports/2026-10-01/bench3-ai-benji-audit-report-en-2026-10-01.pdf","positiveEvidence":[],"reportDate":"2026-10-01","reportID":"B3-BENJI-2026-001","reportPublicationDateIsObservationDate":false,"reportTitle":"Multi-Chain Public-Contract Security Assessment","scope":"BENJI listed PDF object","scopePages":[1,3,4,5],"scopeType":"identified-deployment-report","scoreMeaning":"Bounded PDF findings;100 is not full safety.","securityLabel":"Audit findings score","sha256":"318e74b47371c9a6d084bacfa98ef84ba60a3d3f1cd447bad7caa86a820cdbde","sourceId":"benji-pdf1","ticker":"BENJI"}},"criteria":[],"declaredDeployments":[],"history":[{"computedAt":"2026-10-06T00:00:00Z","grade":"B","methodologyVersion":"1.4.0","runId":"public-fundamentals-v1-2026-08-21-security-2026-10-06-overall-cap-removal-public-strategy-1.4.0","score":80}],"identity":{"evidenceIds":["benji-20261007-prep-benji-sec-prospectus"],"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens","verified":true},"migrationNotes":["Legal identity and BENJI mapping are supported by reviewed evidence. Eight-network technical coverage remains incomplete. Administrator qualification applicability and NAV disclosure timing remain unresolved; the current total and security conclusion are withheld.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. Full original criteria, deductions and reports remain in legacy-1.4.json.","Public component evidence received independent approval on 2026-10-07. Each component retains its own evidence dates and validity; approval does not establish complete technical coverage. Historic Solana and Stellar findings remain preserved."],"pendingClassification":"coverageInsufficient","requiredChecks":[{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-product-browser","benji-20261007-prep-benji-home","benji-20261007-prep-benji-contracts","benji-20261007-prep-benji-submissions","benji-20261007-prep-benji-shareholder-notice"],"family":"operations","observationId":"benji-20261007-prep-check-operations","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-submissions","benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-497j","benji-20261007-prep-benji-def14c","benji-20261007-prep-benji-shareholder-notice"],"family":"legalVersion","observationId":"benji-20261007-prep-check-legalVersion","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-submissions","benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-497j","benji-20261007-prep-benji-def14c","benji-20261007-prep-benji-shareholder-notice"],"family":"strategyVersion","observationId":"benji-20261007-prep-check-strategyVersion","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-submissions","benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-497j","benji-20261007-prep-benji-def14c","benji-20261007-prep-benji-shareholder-notice"],"family":"redemptionVersion","observationId":"benji-20261007-prep-check-redemptionVersion","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-submissions","benji-20261007-prep-benji-current-nmfp","benji-20261007-prep-benji-def14c","benji-20261007-prep-benji-product-browser"],"family":"rolesVersion","observationId":"benji-20261007-prep-check-rolesVersion","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-497j","benji-20261007-prep-benji-current-nmfp","benji-20261007-prep-benji-trust","benji-20261007-prep-benji-ncsr"],"family":"legal","observationId":"benji-20261007-prep-check-legal","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-current-nmfp"],"family":"strategy","observationId":"benji-20261007-prep-check-strategy","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-trust"],"family":"redemption","observationId":"benji-20261007-prep-check-redemption","success":true},{"checkedAt":"2026-10-07T11:31:14.944Z","evidenceIds":["benji-20261007-prep-benji-sec-prospectus","benji-20261007-prep-benji-def14c","benji-20261007-prep-benji-current-nmfp","benji-20261007-prep-benji-ncsr"],"family":"roles","observationId":"benji-20261007-prep-check-roles","success":true}],"reviewedScope":[],"security":{"applicable":true,"deductions":[],"evidenceIds":[],"score":null},"ticker":"BENJI"},{"assetId":"jltxx","comparison":{"attributes":[{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_credit","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":1},"factIds":["jltxx.reportedSecurityCategoriesUsd","jltxx.repoPositions","jltxx.trial.filed-position-ratings"],"limitations":["Dated, scoped assessment. 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A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","proxyRoute":"holdingsSupported","ruleId":"U1_credit_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_tenor","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":1,"reliability":1,"scope":1,"timeliness":1},"factIds":["jltxx.actualWamWalDays"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_tenor_100"],"rationale":"Dated actual portfolio WAM/WAL or verified bullet maturities satisfy93/397day band; original period retained.","remainingWork":"Obtain actual same-period WAL and WAM or compute from complete weighted positions; apply enforceable mandate only as a separately labelled policy constraint.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"observed","ruleId":"U1_tenor_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_fx","confidence":"medium","confidenceBasis":"medium-high dated filedportfolio plus bindingUSD-onlyrule; not anFXaudit","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":1},"factIds":["jltxx.expansion.fx_mandate","jltxx.reportedSecurityCategoriesUsd","jltxx.accountingFieldsUsd","shared.rule2a7-normal-liquidity"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_fx_100"],"rationale":"Dated full portfolio/accounting currency evidence and applicable USD unit leave residual below1%; denomination proxy, not invented hedge ledger.","remainingWork":"Update fornewactualpositions; preserve distinctionbetweenfieldreportingcurrency and legalprincipalcurrency.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","ruleId":"U1_fx_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U2_institution","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["jltxx.roleAssignments","jpm-exact-custodian-entity","jpm-bank-current-issuer-ratings","shared.jpm-bank-charter","jltxx.methodology52.custodianAppointment","jltxx.methodology52.custodianEntityRating"],"limitations":["issuer-reported current table; historical S&Pcorroboration; not direct current provider verification"],"possibleTierIds":["U2_institution_100"],"rationale":"Exact appointed bank has an issuer-reported S&P AA- long-term entity rating in the dated archived bank table; the parent-company rating and bank charter do not determine this selection.","remainingWork":"Complete exact legal entity rating/charter inputs and any multiple-custodian weights. Never borrow parent or another custody-leg credit quality.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","ruleId":"U2_institution_100","support":{"custodians":[{"appointmentFactIds":["jltxx.methodology52.custodianAppointment"],"authorizationFactIds":[],"entity":"JPMorgan Chase Bank, N.A.","rating":{"agency":"S&P","asOf":"2026-10-10","factIds":["jltxx.methodology52.custodianEntityRating"],"sourceKind":"issuerReportedAgencyRating","symbol":"AA-"},"reviewConstraintFactIds":[]}],"kind":"institution"}},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U2_safeguards","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":1},"factIds":["jltxx.52.custody.segregation","jltxx.52.custody.records","jltxx.52.custody.authorized-instructions","jltxx.52.custody.record-review"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U2_safeguards_65"],"rationale":"Formal exact-service asset segregation, ownership records, authorized custody control and documented record comparison support 65. Custody exit and successor arrangements receive no separate credit. An applicable independent operating-effectiveness review is required for 100.","remainingWork":"Complete applicable custody-level controls, duties separation, reconciliation and enforceable recovery evidence. Missing SOC/testing document does not establish that controls are absent.","scope":"JPMorgan Chase Bank N.A. custody of JLTXX Fund underlying financial assets and related custody-account records","selectionBasis":{"kind":"proxy","ruleId":"U2_safeguards_65","support":{"kind":"custodyControls","predicates":[{"factIds":["jltxx.52.custody.segregation"],"id":"assetSegregation"},{"factIds":["jltxx.52.custody.records"],"id":"assetRecords"},{"factIds":["jltxx.52.custody.authorized-instructions"],"id":"assetControl"},{"factIds":["jltxx.52.custody.record-review"],"id":"reconciliation"}]}},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S2_claim","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":1,"reliability":1,"scope":1,"timeliness":1},"factIds":["jltxx:holder-claim.reviewed-fact"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S2_claim_100"],"rationale":"Applicable formal class documents establish directly registered fund-share rights; nominee and intermediary routes excluded.","remainingWork":"Confirm exact operative holder obligation, fund/share class and direct versus nominee route. Issuer accounting ownership description is a useful claim, not full class-rights proof.","scope":"JLTXX Token Class holder after completed InvestorRegister entry; pending token recipient separate","selectionBasis":{"kind":"observed","ruleId":"S2_claim_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S2_insolvency","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["jltxx:holder-claim.reviewed-fact","jltxx:register-protection.reviewed-fact"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S2_insolvency_65"],"rationale":"Archived SEC-filed trust ArtIII6 separates Series assets/records and creditors but permits fair allocation of general Trust liabilities; bounded-liability65. May7,2026 execution cover/signatures support dated trust; interior restatement heading retains a2025 date placeholder, so document consistency remains qualified.","remainingWork":"Resolve exact property/series isolation and creditor priority for rated legal holder; do not equate residual share rights with creditor seniority or require proof of every hypothetical foreign court outcome.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","ruleId":"S2_insolvency_65"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S3_assurance","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["jltxx.expansion.valuation_method","jltxx.roleAssignments","jltxx.accounting-period-evidence"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S3_assurance_20"],"rationale":"The manager is also fund administrator and the cited bank accounting role does not establish independent NAV determination for this class. Actual N-MFP daily values alone do not satisfy independent assurance; the retained completed financial audit opinion is not established.","remainingWork":"Bind fund audit, NAV production independence and actual publication samples for relevant periods. Retain accounting-period date separately from current control effectiveness.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"informationRisk","ruleId":"S3_assurance_20"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S3_wrapper","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["jltxx.registerGap","jltxx:holder-claim.reviewed-fact","jltxx.trial.share-correction-limit"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S3_wrapper_20"],"rationale":"Authoritative register and correction are documented, but applicable external underlying-fund assurance is not verified; mapping-availability20 retains known receipt-to-registration interval risk.","remainingWork":"Read authoritative register/token mapping and actual independent verification scope/error handling; native legal fund share equivalence allowed, no invented extra wrapper report.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"informationRisk","ruleId":"S3_wrapper_20"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S4_terms","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["jltxx.wireAndInKind","jltxx:redemption-delivery.reviewed-fact"],"limitations":["Dated, scoped assessment. Current applicability is not asserted.","{\"route\": \"Direct registered TokenClass USDwire\", \"eligibleHolder\": \"completed InvestorRegister holder; before final dailycutoff\", \"timingEndpoint\": \"sent\", \"cadence\": \"normallysamebusinessday fundwirepayment; legalpaymentceiling7days\", \"sourceBasis\": \"binding-terms\", \"policyDate\": \"2026-08-17\", \"calendar\": \"USFundbusinessdays; published finalcutoff\", \"feesAndMinimums\": \"TokenClassminimum$1m; subsequentpurchasesnominimum; waiverpermitted. Feesretainedasformalterms.\", \"capacity\": \"No synthetic ticket scenario. Ordinary legal route and exceptional restrictions retained.\", \"limitations\": \"downstreambankreceipt andintermediarysubmission distinct; in-kindexceptionsretained\"}"],"possibleTierIds":["S4_terms_100"],"rationale":"Official ordinary primary route offers daily or T+0/T+1/T+3 handling; scope, minimums and qualifications retained; handling is not guaranteed receipt.","remainingWork":"Bind official ordinary operating route, eligibility, timing stage/cadence, minimum, fees and capacity; policy cadence is separate from final cash receipt and stress performance.","scope":"{\"route\": \"Direct registered TokenClass USDwire\", \"eligibleHolder\": \"completed InvestorRegister holder; before final dailycutoff\", \"timingEndpoint\": \"sent\", \"cadence\": \"normallysamebusinessday fundwirepayment; legalpaymentceiling7days\", \"sourceBasis\": \"binding-terms\", \"policyDate\": \"2026-08-17\", \"calendar\": \"USFundbusinessdays; published finalcutoff\", \"feesAndMinimums\": \"TokenClassminimum$1m; subsequentpurchasesnominimum; waiverpermitted. Feesretainedasformalterms.\", \"capacity\": \"No synthetic ticket scenario. Ordinary legal route and exceptional restrictions retained.\", \"limitations\": \"downstreambankreceipt andintermediarysubmission distinct; in-kindexceptionsretained\"}","selectionBasis":{"kind":"proxy","ruleId":"S4_terms_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S4_stress","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["jltxx.wireAndInKind","jltxx.regulatoryLiquidAssets","jltxx.trial.actual-redemptions"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S4_stress_65"],"rationale":"Dated fund reports show ordinary realized redemptions; discretionary suspension/substitution prevents100; no verified current failure.","remainingWork":"Acquireactualpaymentdelays/stresseventsample to choose25vs65. Missingstresssample doesnoterase knownpause/gateupperbound.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","ruleId":"S4_stress_65"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C1_vehicle","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":1,"reliability":1,"scope":1,"timeliness":1},"factIds":["jltxx.trial.public-registration","jltxx:holder-claim.reviewed-fact"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C1_vehicle_100"],"rationale":"Exact legal product is authorized registered public fund, UCITS compartment or public OFC; institutional class eligibility is separate.","remainingWork":"Independent review of C1retail-registered wording forJLTXXinstitutionaleligibility; keepsharequalificationlabel.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"observed","ruleId":"C1_vehicle_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C1_roles","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["jltxx.roleAssignments","jltxx.distributorRecord","jltxx.reviewed-institution-jltxx-20261009-i8-c4-ssc-jun-ta1"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C1_roles_65"],"rationale":"Named material operating roles and some lawful role/regime evidence are verified; remaining precise service authorization not fully established.","remainingWork":"Bind each critical actual activity to exact entity/permission, including material currently applicable measures. Do not require imaginary extra licences for pure admin/TA roles.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","ruleId":"C1_roles_65"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C2_record","confidence":"medium","confidenceBasis":"Original source clauses and exact role mappings; independently reviewed before publication.","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["jltxx.roleAssignments","jltxx.audit20261011.managerShortDurationHistory","jltxx.audit20261011.managerExperienceSince1984","jltxx.methodology52.managerAppointment","jltxx.methodology52.managerComparableHistory"],"limitations":["Dated institutional-track assessment; not proof of uninterrupted operation on every day or token-holder mapping.","Tokenizer age and operating effectiveness remain unresolved; no current assessment asserted."],"possibleTierIds":["C2_record_65"],"rationale":"Exact current manager has documented comparable short-duration fixed-income management extending over twenty years; no tokenizer history is substituted.","remainingWork":"Establish the exact current tokenizer or register-technology operator and its continuous relevant3year history; assess unresolved operational failures before selecting65 or100.","scope":"J.P. Morgan Investment Management Inc., the named investment manager; same-entity short-duration fixed-income management history, not token-class identity or tokenizer tenure.","selectionBasis":{"kind":"proxy","ruleId":"C2_record_65","support":{"kind":"operatingHistory","tracks":[{"appointmentFactIds":["jltxx.methodology52.managerAppointment"],"endDate":"2026-08-14","entity":"J.P. Morgan Investment Management Inc.","factIds":["jltxx.methodology52.managerComparableHistory"],"function":"comparableAssetManagement","role":"manager","startDate":"2005-02-04"}]}},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C3_duties","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.8,"scope":0.75,"timeliness":1},"factIds":["jltxx.roleAssignments","jltxx.trial.actual-redemptions","jltxx.trial.share-correction-limit","jltxx.registerGap"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C3_duties_25"],"rationale":"The Fund has token-balance correction controls, with sole discretion and no obligation to perform corrections. Ordinary investor records and redemption activity do not supply a published responsible service-restoration action and activation arrangement for a necessary registration or redemption outage. Retain the correction capability, discretion and registration-interval risk as asset facts.","remainingWork":"Verify actualtest/sample andhowdiscretionarytokenfixrelatestolegallyregisteredholdercontinuity.","scope":"JLTXX directly registered Token Class shareholder registration, redemption and token-balance correction services","selectionBasis":{"kind":"informationRisk","ruleId":"C3_duties_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_concentration","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":1},"factIds":["jltxx.repo-counterparty-size","jltxx.trial.actual-issuer-aggregation"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_concentration_75"],"rationale":"Complete September largest gross nonsovereign group stays10–25%, including all unidentified residual; no enforceability-based repo netting assumed.","remainingWork":"Bind complete actual holdings/denominator, aggregate credit-related groups and enforceable repo net exposure; do not convert mandate maxima to actual concentrations.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","ruleId":"U1_concentration_75"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_liquidity","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":1},"factIds":["jltxx.regulatoryLiquidAssets","jltxx.trial.five-day-maturity-floor","shared.rule2a7-normal-liquidity"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_liquidity_100"],"rationale":"Dated bill/government-security, overnight secured repo and cash composition admits normal five-business-day market-quality/settlement proxy; no stress guarantee.","remainingWork":"Retain same-dateclassification and update for newholdings/knownlocks; do not demand a prior sale receipt.","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","selectionBasis":{"kind":"proxy","proxyRoute":"holdingsSupported","ruleId":"U1_liquidity_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S1_pdf","confidence":"medium","confidenceBasis":"T3 own report.","confidenceFactors":{"availability":1,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["jltxx-p5"],"limitations":["See report boundaries."],"possibleTierIds":["S1_pdf_70"],"rationale":"PDF findings policy.","remainingWork":"New report evidence.","scope":"JLTXX listed PDF object","selectionBasis":{"kind":"observed","ruleId":"S1_pdf_70"},"state":"supported"}],"caps":[{"capId":"licensing","factIds":["jltxx.trial.public-registration","jltxx:holder-claim.reviewed-fact","jltxx.roleAssignments","jltxx.distributorRecord","jltxx.reviewed-institution-jltxx-20261009-i8-c4-ssc-jun-ta1"],"possibleStateIds":["adequate_authorization"],"rationale":"Relevant named fund/manager supervision or lawful private-fund exemption supported; no current indispensable-business prohibition established.","selectionBasis":{"kind":"proxy","ruleId":"adequate_authorization"}},{"capId":"bankruptcy_remoteness","factIds":["jltxx:holder-claim.reviewed-fact","jltxx:register-protection.reviewed-fact"],"possibleStateIds":["bounded_cross_pool_liability"],"rationale":"Archived SEC-filed trust ArtIII6 imposes series creditor separation with bounded general Trust allocation; May7,2026 execution cover/signatures support dated trust while interior2025 heading placeholder is retained as document-consistency qualifier.","selectionBasis":{"kind":"proxy","ruleId":"bounded_cross_pool_liability"}},{"capId":"holder_rights","factIds":["jltxx:holder-claim.reviewed-fact"],"possibleStateIds":["protected_ownership_or_beneficial_interest"],"rationale":"Same admitted direct or beneficial fund ownership as S2_claim; unsupported nominee/receipt routes excluded.","selectionBasis":{"kind":"proxy","ruleId":"protected_ownership_or_beneficial_interest"}},{"capId":"reserve_verification","factIds":["jltxx.expansion.valuation_method","jltxx.roleAssignments","jltxx.accounting-period-evidence","jltxx.registerGap","jltxx:holder-claim.reviewed-fact","jltxx.trial.share-correction-limit"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"underlying_credit_quality","factIds":["jltxx.reportedSecurityCategoriesUsd","jltxx.repoPositions","jltxx.trial.filed-position-ratings"],"possibleStateIds":["credit_component_at_least_80"],"rationale":"Mechanically follows admitted U1_credit 100; no separate adverse inference.","selectionBasis":{"kind":"proxy","ruleId":"credit_component_at_least_80"}}],"eligibility":"eligible","facts":[{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.reportedSecurityCategoriesUsd","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"At 30 September 2026, seven Treasury positions totaled $346.64m and three Treasury-collateralized repos totaled $280.26m."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.repoPositions","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"The September portfolio reports a $50m Citi repo and $115.128m each with BofA Securities and Wells Fargo Securities. The counterparty remains relevant despite Treasury collateral."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.trial.filed-position-ratings","scope":"JLTXX ten reported positions; instrument/counterparty rating fields","sourceRole":"regulatory_filing_reported_agency_ratings","statement":"The September N-MFP reports US Treasury positions at FitchAA+, Moody’sAa1 and S&PAA+ long ratings, and repo counterparty long ratings. These are fund-filed NRSRO observations, not a direct agency fund rating. The exact per-position symbols are archived in trial-source-extracts/jltxx-portfolio-reread.json."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.actualWamWalDays","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"At 30 September 2026, reported weighted-average maturity and weighted-average life were both 14 days."},{"dateLabel":"2026-08-17","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":"2026-08-17","id":"jltxx.expansion.fx_mandate","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund, Token Class","sourceRole":"formal_terms","statement":"Formal investment policy restricts securities to USD-denominated instruments."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.accountingFieldsUsd","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"At 30 September 2026, reported cash was $2.00m and net assets were $628.48m."},{"dateLabel":"2026-10-08 codification observed2026-10-10","evidenceIds":["jltxx-comparable-fb7faca44ed37c3d923e"],"factDate":null,"id":"shared.rule2a7-normal-liquidity","scope":"Rule2a-7 actual filed USmoney-market portfolios; category semantics only","sourceRole":"primary_original_reread","statement":"Rule2a-7 defines daily liquid assets to include cash and direct USgovernment obligations; weekly liquid assets additionally include specified short discount agencies and assets unconditionally payable within five business days. These are normal regulatory liquidity classifications, not stress performance. The rule also restricts portfolio securities to USD-denominated eligible securities and defines USD principal/interest payment currency."},{"dateLabel":"2026-08-17","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":"2026-08-17","id":"jltxx.roleAssignments","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund","sourceRole":"formalTerms","statement":"J.P. Morgan Investment Management Inc. manages and administers; JPMorgan bank custody/sub-admin/accounting, JPMDS distribution, SS&C transfer agency and independent trustee/audit roles are documented."},{"dateLabel":"2020-03-01 BENJI master; 2022-03-31 JLTXX master; 2026 schedules and MONY2026-08-26 filing","evidenceIds":["jltxx-comparable-97fdca0011f0e65feaec","jltxx-comparable-f2f32b7eef3611e2052d","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-comparable-fa8c9b911e65f73e020f"],"factDate":null,"id":"jpm-exact-custodian-entity","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","sourceRole":"scoped primary source","statement":"BENJI global agreement identifies JPMORGAN CHASE BANK,NATIONAL ASSOCIATION; JLTXX global custody/accounting agreement identifies JPMORGAN CHASE BANK,N.A. Later exact fund schedules bind the respective funds. MONY Form ADV names the same legal bank for custody and administration."},{"dateLabel":"Page undated; observed2026-10-10","evidenceIds":["jltxx-comparable-19f8aba09d640cc60ea8"],"factDate":null,"id":"jpm-bank-current-issuer-ratings","scope":"The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","sourceRole":"scoped primary source","statement":"The bank group’s current public fixed-income table separately reports JPMorgan Chase Bank,N.A.long-term issuer ratings Moody’s Aa2,S&P AA-,Fitch AA, all stable; a distinct table covers its parent."},{"dateLabel":"2026-10-02 registry run; financial report2026-06-30","evidenceIds":["jltxx-20261007-c4feas-jpm-bank-fdic","jltxx-20261007-c4feas-fdic-institution-properties"],"factDate":null,"id":"shared.jpm-bank-charter","scope":"Exact JPMorgan Chase Bank, National Association; charter/custody role only","sourceRole":"primary_original_reread","statement":"FDIC exact bank CERT628 is JPMorgan Chase Bank, National Association, ACTIVE1, FEDCHRTR1, CHRTAGNT OCC, BANKCLASS N; report date30June2026, run date2October2026. The bank entity differs from parent JPMorgan Chase&Co."},{"dateLabel":"2022-03-31 master;2026-02-13 fund schedule","evidenceIds":["jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule"],"factDate":null,"id":"jltxx.trial.custody-contract-controls","scope":"JLTXX exact bank custody service","sourceRole":"primary_original_reread","statement":"Applicable JPMorgan custody contract segregates customer securities on bank/subcustodian records; supplies statements and record access to customer and independent auditors; provides SOC/control-report access and custody exit/successor duties. Continuity testing is a contractual obligation. No successful test result or current exact-service SOC opinion was acquired."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-custody-current-amend"],"factDate":null,"id":"jltxx.expansion.custody_continuity","scope":"JPMorgan Trust IV and exact JLTXX fund added in source-138 Schedule A","sourceRole":"formal_terms","statement":"Custody agreement provides at least annual testing of business continuity procedures and successor/exit provisions. Exact later Schedule A includes JLTXX."},{"dateLabel":"2026-10-01","evidenceIds":["jltxx-profile-20261010-source-045","jltxx-profile-20261010-source-044"],"factDate":"2026-10-01","id":"jltxx.historicalControlObservations","scope":"Assessment of the public Ethereum contract deployment at block 26,077,991. Scope, methods and exclusions are defined in Section 2.. 2026-09-28T19:17:35Z. Ethereum token 0x09864f52B035AE22eE739dFa5c748fA080D07bD8; block 26077991. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Single-controller LightAccount owner can replace Diamond facets immediately; principal accounts have direct controllers. Sampled unrelated-caller checks blocked bypass. Shared MONY/JLTXX accounts are a common dependency."},{"dateLabel":"2026-10-07T04:39:23Z","evidenceIds":["jltxx-profile-20261010-source-100","jltxx-profile-20261010-source-099"],"factDate":"2026-10-07T04:39:23Z","id":"jltxx.raw-control-1","scope":"Address: 0x09864f52B035AE22eE739dFa5c748fA080D07bD8; Field: diamondOwner. Network: Ethereum; Chain id: 1; Block number: 26138173; Block hash: 0xe1ccd9ce029b5391d56d020edb946c5bea31e241e212f3a5867b52a8bfd6d522; Block timestamp: 2026-10-07T04:39:23+00:00; Request selector: 0x18ed63d","sourceRole":"chainObservation","statement":"At the retained Ethereum observation, diamondOwner for 0x09864f52B035AE22eE739dFa5c748fA080D07bD8 was \"0x5ae5d4ada523985dbab22cf046599979897c8418\"."},{"dateLabel":"2026-10-07T04:39:23Z","evidenceIds":["jltxx-profile-20261010-source-102","jltxx-profile-20261010-source-101"],"factDate":"2026-10-07T04:39:23Z","id":"jltxx.raw-control-3","scope":"Address: 0x5aE5d4AdA523985DbaB22CF046599979897C8418; Field: account.owner. Network: Ethereum; Chain id: 1; Block number: 26138173; Block hash: 0xe1ccd9ce029b5391d56d020edb946c5bea31e241e212f3a5867b52a8bfd6d522; Block timestamp: 2026-10-07T04:39:23+00:00; Request selector: 0x18ed63d","sourceRole":"chainObservation","statement":"At the retained Ethereum observation, account.owner for 0x5aE5d4AdA523985DbaB22CF046599979897C8418 was \"0xbb30949145942aa7a5bdcd358160a8d6ced119cc\"."},{"dateLabel":"2026-10-07T04:39:23Z","evidenceIds":["jltxx-profile-20261010-source-102","jltxx-profile-20261010-source-101"],"factDate":"2026-10-07T04:39:23Z","id":"jltxx.raw-control-4","scope":"Address: 0x5aE5d4AdA523985DbaB22CF046599979897C8418; Field: account.implementation. Network: Ethereum; Chain id: 1; Block number: 26138173; Block hash: 0xe1ccd9ce029b5391d56d020edb946c5bea31e241e212f3a5867b52a8bfd6d522; Block timestamp: 2026-10-07T04:39:23+00:00; Request selector: 0x18ed63d","sourceRole":"chainObservation","statement":"At the retained Ethereum observation, account.implementation for 0x5aE5d4AdA523985DbaB22CF046599979897C8418 was \"0x8e8e658e22b12ada97b402ff0b044d6a325013c7\"."},{"dateLabel":"2026-10-07T04:39:23Z","evidenceIds":["jltxx-profile-20261010-source-104","jltxx-profile-20261010-source-103"],"factDate":"2026-10-07T04:39:23Z","id":"jltxx.raw-control-11","scope":"Address: see requestBody target; Field: roleRead.hasRole:TOKENIZATION_AGENT:0x9f5252058521e7458195a0350a0dc361c225857a. Network: Ethereum; Chain id: 1; Block number: 26138173; Block hash: 0xe1ccd9ce029b5391d56d020edb946c5bea31e241e212f3a5867b52a8bfd6d522; Block timestamp: 2026-10-07T04:39:23+00:00; Request selector: 0x18ed63d","sourceRole":"chainObservation","statement":"At the retained Ethereum observation, roleRead.hasRole:TOKENIZATION_AGENT:0x9f5252058521e7458195a0350a0dc361c225857a for see requestBody target was \"0x0000000000000000000000000000000000000000000000000000000000000001\"."},{"dateLabel":"2026-08-17","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-trust-2026"],"factDate":"2026-08-17","id":"jltxx.registerGap","scope":"Token Class","sourceRole":"formalTerms","statement":"Token transfer can precede Investor Register ownership completion; attachment, levy or transferor bankruptcy in that interval can prevent registration and impair onward transfer, dividend or redemption."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-trust-2026"],"factDate":null,"id":"jltxx:holder-claim.reviewed-fact","scope":"Direct holder already entered in the Investor Register; token receipt alone does not complete this status.","sourceRole":"formalTerms","statement":"A directly registered Token Class holder has enforceable fund-share redemption and residual rights."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-trust-2026"],"factDate":null,"id":"jltxx:register-protection.reviewed-fact","scope":"The documented Token Class registration interval; a structural risk, not an observed loss.","sourceRole":"formalTerms","statement":"Between token receipt and registration, attachment, garnishment or the transferor’s bankruptcy can prevent registration and affect redemption or distributions."},{"dateLabel":"2026-08-17","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":"2026-08-17","id":"jltxx.expansion.valuation_method","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund, Token Class","sourceRole":"formal_terms","statement":"Board must continue to believe amortized-cost NAV fairly reflects market-based NAV; stated intraday NAV cutoffs run from 9am through 5pm ET."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp","jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":null,"id":"jltxx.accounting-period-evidence","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund named series; September30,2026 N-MFP statement and August17,2026 class prospectus.","sourceRole":"reportedPeriodData","statement":"Retained accounting evidence concerns the named fund and its stated accounting periods; it does not establish current provider cash, funded continuity or operating runway."},{"dateLabel":"2026-08-17 retained filing metadata; body May13,2026","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":null,"id":"jltxx.trial.share-correction-limit","scope":"JLTXX TokenClass platform correction and direct register, excluding promised repair of an unregistered transfer","sourceRole":"binding_terms_control_process","statement":"Formal prospectus describes controls designed to correct errors or unauthorized token balances on all utilized chains, but expressly gives the Fund sole discretion and no obligation to perform corrections. Investor Register ownership is separate from the token-receipt interval."},{"dateLabel":"2026-08-17","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":"2026-08-17","id":"jltxx.wireAndInKind","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund","sourceRole":"formalTerms","statement":"The prospectus describes wire payments as normally made the same business day. Separate formal terms govern the payment ceiling and potential in-kind redemption; the $250,000 reference is not a universal cash-redemption cap."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":null,"id":"jltxx:redemption-delivery.reviewed-fact","scope":"Morgan Money direct USD wire to the holder’s existing account. Endpoint is fund payment; excludes bank unrestricted-use timing, stablecoin exchange and onward intermediary payments.","sourceRole":"formalTerms","statement":"On the reviewed direct USD wire route, the fund must pay proceeds within seven days. Normal same-day service is not the legal ceiling."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.regulatoryLiquidAssets","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; exact SEC series portfolio at 2026-09-30","sourceRole":"reportedPeriodData","statement":"The September filing classifies $628.90m, or 99.99% of the reported base, as both daily and weekly liquid assets. This is not a live cash balance or execution guarantee."},{"dateLabel":"2026-09-01 through2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":null,"id":"jltxx.trial.actual-redemptions","scope":"JLTXX exact filed series operating activity","sourceRole":"regulatory_filing_reported_period_data","statement":"September2026 N-MFP reports21daily gross-redemption rows and monthly total gross redemptionsUSD266002483.86. These are reported realized fund redemption activity; they do not identify each request-to-payment delay or bank receipt."},{"dateLabel":"2026-08-17 applicableprospectus;initialregistrationfilemetadata retained","evidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":null,"id":"jltxx.trial.public-registration","scope":"Exact JLTXXTokenClass and1940Actfund","sourceRole":"binding_filed_registration","statement":"The exact JPMorganLiquidityFundsTrustIV registration filing and applicableTokenClassprospectus establish a1940Act governmentmoney-market fund. TokenClassinstitutional account qualifications are separate from registeredfundregime."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-finra-detail"],"factDate":null,"id":"jltxx.distributorRecord","scope":"Named distributor record","sourceRole":"officialRecord","statement":"Exact JPMorgan Distribution Services FINRA record is archived; its regulatory disclosures cannot be read as current universal absence of business restrictions."},{"dateLabel":"2026-06-30","evidenceIds":["jltxx-20261009-i8-c4-ssc-jun-ta1"],"factDate":"2026-06-30","id":"jltxx.reviewed-institution-jltxx-20261009-i8-c4-ssc-jun-ta1","scope":"SS&C GIDS, Inc.; the exact June30,2026 amended transfer-agent registration filing retained for this service-role analysis.","sourceRole":"officialRecord","statement":"An exact SS&C GIDS transfer-agent filing is retained forJune2026; it is a filing observation rather than a current operational performance test."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.repo-counterparty-size","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund September30,2026 N-MFP; each named BofA and Wells Fargo repo amount115128000 divided by the filed fund NAV628484934.78.","sourceRole":"reportedPeriodData","statement":"Each of the reported BofA and Wells Fargo repo positions equals18.3183388541% of filed30September NAV. Complete group aggregation and mandate limits remain unresolved; this is not a current unchanged-position claim."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.trial.actual-issuer-aggregation","scope":"JLTXX exact filed series portfolio; gross-asset denominator; agency issuers not automatically sovereign","sourceRole":"primary_original_reread","statement":"SEC September2026 N-MFP issuer aggregation at reported values: {\"CITIGROUP GLOBAL MARKETS INC. (REPO)\": 50000000.0, \"US DEPARTMENT OF THE TREASURY\": 346635366.33000004, \"BOFA SECURITIES INC (REPO)\": 115128000.0, \"WELLS FARGO SECURITIES LLC (REPO)\": 115128000.0}. Gross assets=628926940.66; NAV=628484934.78; cash=2000686.56; other assets=34887.77."},{"dateLabel":"2026-09-30","evidenceIds":["jltxx-20261009-v2-factual-jltxx-nmfp"],"factDate":"2026-09-30","id":"jltxx.trial.five-day-maturity-floor","scope":"JLTXX reported portfolio; five-business-day calendar through2026-10-07","sourceRole":"primary_original_reread","statement":"Reported positions with WAL maturity on/before7October2026 total $280,256,000.00; plus reported cash $2,000,686.56 equals 44.879090% of gross assets. This is a dated normal-contractual maturity/cash floor within five business days of30September, not verified realized proceeds or sale execution for longer positions."},{"dateLabel":"2005-02-04","evidenceIds":["jltxx-audit20261011-jpmim-2005-advisory-agreement"],"factDate":"2005-02-04","id":"jltxx.audit20261011.managerShortDurationHistory","scope":"J.P. Morgan Investment Management Inc., the named investment manager; same-entity short-duration fixed-income management history, not token-class identity or tokenizer tenure.","sourceRole":"formalTerms","statement":"The executed 4 February 2005 advisory agreement appoints J.P. Morgan Investment Management Inc. to manage Ultra Short-Term Bond and Short-Term Bond portfolios. This records the 2005 appointment only; the 2026 management-history statement and product appointment are separate evidence."},{"dateLabel":"2026-08-14","evidenceIds":["jltxx-audit20261011-jpmim-management-experience"],"factDate":"2026-08-14","id":"jltxx.audit20261011.managerExperienceSince1984","scope":"J.P. Morgan Investment Management Inc., the named investment manager; same-entity short-duration fixed-income management history, not token-class identity or tokenizer tenure.","sourceRole":"formalTerms","statement":"The Singapore prospectus registered14August2026 separately identifies J.P. Morgan Investment Management Inc. and states its experience managing collective investment schemes or discretionary funds since1984. This is an explicit operating-history statement, not an inference from incorporation date; the2005signed agreement supplies the short-duration fixed-income business cross-check."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["jltxx-profile-20261010-source-045"],"factDate":"2026-10-01","id":"jltxx.reference-scoring.identified-chain-review","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for JLTXX on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["jltxx-20261007-prep-jltxx-current-prospectus","jltxx-20261007-prep-jltxx-active-classes"],"factDate":null,"id":"jltxx.reference-scoring.named-product-identity","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"JLTXX identifies the named product JPMorgan OnChain Liquidity-Token Money Market Fund. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["jltxx-pdf1"],"factDate":null,"id":"jltxx-p5","scope":"JLTXX listed PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-JLTXX-2026-001"},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule"],"factDate":null,"id":"jltxx.methodology52.custodianAppointment","scope":"JPMorgan Chase Bank, N.A.","sourceRole":"custodyAppointment","statement":"The fund appoints JPMorgan Chase Bank, N.A. as custodian."},{"dateLabel":"2026-10-10","evidenceIds":["jltxx-methodology52-jpm-issuer-rating-table"],"factDate":"2026-10-10","id":"jltxx.methodology52.custodianEntityRating","scope":"JPMorgan Chase Bank, N.A.","sourceRole":"custodianEntityRating","statement":"The official JPMorgan fixed-income investor table archived on 10 October 2026 reports S&P AA- as the long-term issuer rating of JPMorgan Chase Bank, N.A."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["jltxx-20261009-v2-factual-jltxx-prospectus"],"factDate":null,"id":"jltxx.methodology52.managerAppointment","scope":"J.P. Morgan Investment Management Inc.","sourceRole":"serviceAppointment","statement":"The assessed fund appoints J.P. Morgan Investment Management Inc. as investment manager."},{"dateLabel":"2026-08-14","evidenceIds":["jltxx-audit20261011-jpmim-2005-advisory-agreement","jltxx-audit20261011-jpmim-management-experience"],"factDate":"2026-08-14","id":"jltxx.methodology52.managerComparableHistory","scope":"J.P. Morgan Investment Management Inc.","sourceRole":"operatingHistory","statement":"J.P. Morgan Investment Management Inc. entered the 4 February 2005 (2005-02-04) advisory agreement covering Ultra Short-Term Bond and Short-Term Bond portfolios. The 14 August 2026 (2026-08-14) offering document identifies the same company as managing collective investment schemes and discretionary funds since 1984."},{"dateLabel":"2022-03-31 master agreement; 2026-02-13 fund schedule","evidenceIds":["jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule"],"factDate":null,"id":"jltxx.52.custody.segregation","scope":"JPMorgan Chase Bank N.A. custody of JLTXX Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"The JPMorgan custody agreement identifies financial assets credited to the customer securities account as belonging to the customer, subject to separately agreed arrangements. Where applicable law or market practice permits, subcustodians identify customer assets as distinct from bank and subcustodian property."},{"dateLabel":"2022-03-31 master agreement section 2.12; 2026-02-13 fund schedule","evidenceIds":["jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule"],"factDate":null,"id":"jltxx.52.custody.records","scope":"JPMorgan Chase Bank N.A. custody of JLTXX Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"JPMorgan provides account reports identifying financial assets, cash and transactions, and notifications of financial-asset or cash transfers for each fund account."},{"dateLabel":"2022-03-31 master agreement section 3.2; 2026-02-13 fund schedule","evidenceIds":["jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule"],"factDate":null,"id":"jltxx.52.custody.authorized-instructions","scope":"JPMorgan Chase Bank N.A. custody of JLTXX Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"The bank and customer follow agreed procedures to authenticate custody instructions. The customer and its authorized persons safeguard the credentials used for those instructions and notify the bank if they are compromised."},{"dateLabel":"2022-03-31 master agreement sections 2.12 and 7.1; 2026-02-13 fund schedule","evidenceIds":["jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-schedule"],"factDate":null,"id":"jltxx.52.custody.record-review","scope":"JPMorgan Chase Bank N.A. custody of JLTXX Fund underlying financial assets and related custody-account records","sourceRole":"custodyAssetControl","statement":"The custody agreement assigns review of broker trade confirmations against customer instructions and bank account statements to the customer or its authorized persons. Account information supports written exceptions to the bank, with a sixty-day notification provision."}],"identityReason":"Named product identified in retained primary records. The fund and Token Class are formally identified. A token receipt can precede completion of legal ownership in the Investor Register; intermediary customers require their own rights analysis.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"JPMorgan OnChain Liquidity-Token Money Market Fund; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["jltxx.historicalControlObservations"],"kind":"simplePermissionedShareRecord","scope":"Assessed Ethereum share-record Diamond; private Investor Register and payments excluded."},"issues":[{"factIds":["jltxx.raw-control-1","jltxx.raw-control-3","jltxx.raw-control-4","jltxx.reference-scoring.identified-chain-review","jltxx.reference-scoring.named-product-identity","jltxx.historicalControlObservations"],"id":"jltxx-authority","kind":"controlObservation","label":"Single-controller privileged path observed.","scope":"JLTXX retained September2026 deployment scope and exclusions, original report§2+manifest and cited facts; no October11 refresh.","severity":"unassigned","status":"unresolved"}]},"securityReport":{"admittedRoots":[{"condition":"established-single-critical-controller","evidence":[{"findingId":"B3-JLTXX-O01","page":10,"quote":"The owner is a single-controller LightAccount."},{"findingId":"B3-JLTXX-O02","page":11,"quote":"Each is a LightAccount with a single direct controller."}],"family":"critical-authority","reason":"Owner facet replacement bypasses designated governance delay.","rootCause":"critical-single-controller-accounts","rule":"PF70-A"}],"candidateOverallTreatment":null,"evidenceAsOf":"Final block 26,077,991 at 2026-09-28 19:17:35 UTC; earlier control block 26,077,208; product disclosure dates separate","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"control_observation","consequence":"Owner control/compromise can change supply, restrictions and accounting in one authorized upgrade; unrelated execution rejected.","id":"B3-JLTXX-O01","pages":[10],"quote":"The owner is a single-controller LightAccount.","statement":"Owner facet replacement bypasses designated governance delay."},{"classification":"control_observation","consequence":"Controller misuse/compromise can affect both products, with role-specific reach; HSM/MPC and enterprise approvals unassessed.","id":"B3-JLTXX-O02","pages":[11],"quote":"Each is a LightAccount with a single direct controller.","statement":"Three principal accounts share controllers with MONY."},{"classification":"control_observation","consequence":"Integrators may recognize legal or payment finality prematurely; no deployed contract accounting or integration defect established.","id":"B3-JLTXX-O03","pages":[11],"quote":"No deployed integration defect was demonstrated","statement":"Private legal register and payment settlement remain authoritative."}],"identityStatus":"issuer-attributed official public deployment scope","limitations":[{"id":"L01","pages":[13],"statement":"Historical initializer provenance is incomplete. The constructor target is not publicly source-matched and is not a current facet."},{"id":"L02","pages":[13],"statement":"Private register, request processing and settlement controls are outside scope."},{"id":"L03","pages":[13],"statement":"Engineering and organizational control provenance is incomplete."},{"id":"L04","pages":[13],"statement":"Behavioral validation is targeted, not comprehensive."}],"overallLabel":"Overall score","pdfPageCount":16,"pdfPath":"public/audit-reports/2026-10-01/bench3-ai-jltxx-audit-report-en-2026-10-01.pdf","positiveEvidence":[],"reportDate":"2026-10-01","reportID":"B3-JLTXX-2026-001","reportPublicationDateIsObservationDate":false,"reportTitle":"Smart Contract Security Audit","scope":"JLTXX listed PDF object","scopePages":[1,3,4,5],"scopeType":"identified-deployment-report","scoreMeaning":"Bounded PDF findings;100 is not full safety.","securityLabel":"Audit findings score","sha256":"67c1ef60f2985103f7b0e6035c4d29b6cf052e970586c410a82d7a9dc114c4e3","sourceId":"jltxx-pdf1","ticker":"JLTXX"}},"criteria":[],"declaredDeployments":[],"history":[{"computedAt":"2026-10-06T00:00:00Z","grade":"B","methodologyVersion":"1.4.0","runId":"public-fundamentals-v1-2026-08-21-security-2026-10-06-overall-cap-removal-public-strategy-1.4.0","score":80}],"identity":{"evidenceIds":["jltxx-20261007-prep-jltxx-current-prospectus","jltxx-20261007-prep-jltxx-active-classes"],"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class","verified":true},"migrationNotes":["Token Class identity is supported by reviewed evidence. The October 1 supplement includes Ethereum and Solana. The exact official Solana mint and complete technical coverage remain unresolved; the current total and security conclusion are withheld.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. Full original criteria, deductions and reports remain in legacy-1.4.json.","Role regulatory status and market-based NAV disclosure received independent approval on 2026-10-07. Market-based NAV is distinct from the $1 transaction NAV. 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Terms section 8.3 supplies best-efforts site availability and maintenance notice, without a specific registration or redemption restoration action and activation arrangement. 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Financing repos may reach 10%, with 0% expected. Cash collateral reinvestment has a separate 10% NAV limit."},{"dateLabel":"2025-12-31","evidenceIds":["ustbl-20261009-v2-factual-ustbl-annual2025"],"factDate":"2025-12-31","id":"ustbl.trial.annual-portfolio-2025","scope":"USTBL USDcompartment audited annual snapshot; not a current unchanged-portfolio assertion","sourceRole":"audited_reported_portfolio_snapshot","statement":"Audited2025USDcompartment inventory has12USD fixed-maturity Treasurybills totaling146205356.03; gross assets158419874.09, financial accounts12214518.06 and NAV158329571.42. All12principal maturities are2–90days after31December2025. The maturity table places all interest-bearing assets in0–3months. No FXforwards, financial derivatives or share-class hedges are reported. FXexposure table shows only EURliability−0.02thousandUSD. The credit table classifies146205.36thousandUSD as investment grade."},{"dateLabel":"2026-09-01","evidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr"],"factDate":"2026-09-01","id":"ustbl.permittedMaturity","scope":"Spiko US T-Bills Money Market Fund","sourceRole":"formalTerms","statement":"Formal policy limits weighted-average maturity to 60 days, weighted-average life to 120 days and acquired instruments’ residual maturity to six calendar months. The seven-business-day term applies to financing repos, not every repo."},{"dateLabel":"2026-09-01","evidenceIds":["ustbl-20261007-r2-ustbl-manager-prospectus-fr"],"factDate":"2026-09-01","id":"ustbl.expansion.custody_structure","scope":"SPIKO SICAV, Spiko US T-Bills Money Market Fund, USD share ISIN FR001400ODM9","sourceRole":"formal_terms","statement":"CACEIS Bank depositary safeguards assets, oversees lawfulness of manager decisions and monitors SICAV cash; prospectus states depositary independent of manager."},{"dateLabel":"Retained register observation from source metadata","evidenceIds":["ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"factDate":null,"id":"caceis-exact-regulated-bank","scope":"The USD share, ISIN FR001400ODM9, and USTBL representation are formally identified. The accepted claim assessment covers directly registered legal shareholders only, not every intermediary or custody customer.","sourceRole":"scoped primary source","statement":"Regafi identifies legal entity15610,CIB18129,SIREN692024722,LEI96950023SCR9X9F3L662 as an authorized French credit institution; authorization5720 is active and includes custody/depositary permissions in the retained original."},{"dateLabel":"Page observed2026-10-10","evidenceIds":["ustbl-comparable-d6e0df733dab310123ae"],"factDate":null,"id":"caceis-rating-inheritance-warning","scope":"The USD share, ISIN FR001400ODM9, and USTBL representation are formally identified. The accepted claim assessment covers directly registered legal shareholders only, not every intermediary or custody customer.","sourceRole":"scoped primary source","statement":"CACEIS about page labels Moody’s and Fitch figures as benefiting from Crédit Agricole overall rating. The displayed table is group-level senior-unsecured debt information."},{"dateLabel":"2026-05-26","evidenceIds":["ustbl-profile-20261010-source-079","ustbl-profile-20261010-source-078"],"factDate":"2026-05-26","id":"ustbl.actualPartnerRoleLeads","scope":"Spiko products page and joint prospectus CACEIS relationship; not sole/exhaustive USTBL delegate inventory","sourceRole":"issuerClaim","statement":"Spiko’s operational help page identifies BNY Mellon for US subcustody, especially Treasury bills, and JPMorgan Chase as the USD cash correspondent. These are different roles; the page is not a complete downstream legal-entity inventory."},{"dateLabel":"2025-12-30","evidenceIds":["ustbl-profile-20261010-source-080","ustbl-profile-20261010-source-078"],"factDate":"2025-12-30","id":"ustbl.formalSpikoConflictControls","scope":"Spiko Finance conflict-related controls only","sourceRole":"formalTerms","statement":"Formal policy states separation of duties to avoid self-monitoring/self-validation, information barriers, compliance conflict review/register and corrective measures; residual conflicts communicated before transaction."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ustbl-20261010-solana-controls-mint-and-acl-config-response","ustbl-20261010-solana-controls-minter-programdata-response","ustbl-20261010-solana-controls-squads-and-gate-state-response","ustbl-profile-20261010-source-126","ustbl-profile-20261010-source-176","ustbl-profile-20261010-source-177","ustbl-20261009-i8-c8-solana-technical","ustbl-profile-20261010-source-179","ustbl-20261010-solana-controls-minter-authorities-request","ustbl-20261010-solana-controls-minter-authorities-response","ustbl-profile-20261010-source-180","ustbl-profile-20261010-source-181","ustbl-profile-20261010-source-129"],"factDate":null,"id":"ustbl:upgrade-control.reviewed-fact","scope":"Only mint3E2qphMMBQtH3HZH2ZSg7CkbF8gSLePuoy7yVpkDxHGn and Minter8CVKFptWa13Z43e82tYufueoWH7tqJfsNQXB33g1WeVw. No conclusion about one person, one organization, DFNS/MPC approval, other deployments or complete code safety.","sourceRole":"chainObservation","statement":"The exact Solana Minter program can be replaced through its named on-chain single-signature upgrade authority."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr"],"factDate":null,"id":"ustbl:holder-claim.reviewed-fact","scope":"Direct registered legal holder of USDshareFR001400ODM9 only; no claim about all nominee or custody customers.","sourceRole":"formalTerms","statement":"A directly registered USD shareholder holds enforceable SICAV compartment rights, including redemption and proportional assets and income."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-compartment-law-web"],"factDate":null,"id":"ustbl:pool-priority.reviewed-fact","scope":"The exact USD compartment asset-liability boundary; own fees and debts remain, and intermediary customer segregation is not assessed.","sourceRole":"formalTerms","statement":"The reviewed law and statutes confine the compartment’s asset liability to its own obligations, without a contrary cross-compartment provision identified in those statutes."},{"dateLabel":"2025-12-31 accounting period;2026-03-26 signature","evidenceIds":["ustbl-20261009-v2-factual-ustbl-annual2025"],"factDate":null,"id":"ustbl.trial.annual-audit","scope":"SPIKO SICAV annual statements, including US T-Bills compartment","sourceRole":"primary_opinion_visually_reviewed_preparer","statement":"PwC Audit certifies SPIKO SICAV2025 annual financial statements under French accounting rules; opinion signed26March2026. Specific audit observations concerning the UK compartment must not be attributed to the USD compartment."},{"dateLabel":"2026-09-01","evidenceIds":["ustbl-20261007-r2-ustbl-manager-prospectus-fr"],"factDate":"2026-09-01","id":"ustbl.expansion.valuation_method","scope":"SPIKO SICAV general accounting rules as applied to USTBL USD compartment","sourceRole":"formal_terms","statement":"Formal general SICAV valuation rules value Treasury bills at market price, with estimated disposal valuation under manager responsibility when quotations unavailable."},{"dateLabel":"2026-09-01","evidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr"],"factDate":"2026-09-01","id":"ustbl.currentBoardAndRoles","scope":"Spiko US T-Bills Money Market Fund","sourceRole":"formalTerms","statement":"The prospectus names Twenty First Capital as manager, CACEIS Bank as depositary, CACEIS Fund Administration for administration and accounting, Spiko Finance for registry and distribution functions, and PricewaterhouseCoopers Audit as auditor."},{"dateLabel":"2026-09-01","evidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr"],"factDate":"2026-09-01","id":"ustbl.trial.daily-route","scope":"USTBL USD direct registered share bank-money route; ordinary settlement stage","sourceRole":"binding_terms","statement":"USD US T-Bills compartment prospectus specifies orders before11:30Paris, same-day NAV calculation/publication and ordinary redemption settlement onJ; late or closed-market orders move to next business day. The retained KID gives a different10:30cutoff, which is unresolved."},{"dateLabel":"2026-09-01","evidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr"],"factDate":"2026-09-01","id":"ustbl.prospectusGate","scope":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL","sourceRole":"formalTerms","statement":"The prospectus permits an exceptional 10% net-redemption gate, limited to 20 NAV dates over three months and at most one month consecutively. Its 11:30 Paris cutoff conflicts with a retained KID’s 10:30 CET description."},{"dateLabel":"2025-12-31 annual period","evidenceIds":["ustbl-20261009-v2-factual-ustbl-annual2025"],"factDate":null,"id":"ustbl.trial.annual-redemptions","scope":"USTBL actual same USDcompartment","sourceRole":"audited_reported_operating_snapshot","statement":"USDcompartment annual capital-flow table reports2025redemptions233012698.55USD and2024redemptions3123655.83USD. This is actual reported fund activity, not per-request settlement timing or a stress event."},{"dateLabel":"2026-09-01","evidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr"],"factDate":"2026-09-01","id":"ustbl.trial.ucits-public-regime","scope":"Actual USD SICAV compartment/share, not other currencies or wrapper shares","sourceRole":"binding_terms","statement":"Prospectus identifies SICAV as UCITS under Directive2009/65/EC, approved5April2024, and USD share FR001400ODM9 available to all subscribers."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-caceis-authorizations","ustbl-profile-20261010-source-002"],"factDate":null,"id":"ustbl.scopedRegisterObservations","scope":"Exact institution/service scope, with accepted official UX code dictionary bindings","sourceRole":"officialRecord","statement":"Spiko Finance SIREN980659585 active investment firm, service1 for instrumentC3 (RTO for collective-investment units). CACEIS Bank custody and OPCVM depositary specification approvals are documented."},{"dateLabel":"2026-10-04","evidenceIds":["ustbl-profile-20261010-source-084","ustbl-profile-20261010-source-083"],"factDate":"2026-10-04","id":"ustbl.tfc-opcvm-license-positive","scope":"Exact named TFC/PwC entity or actual FY2025 audit signer","sourceRole":"historicalResearch","statement":"ExactGP11000029/SIRET53401744700010 has Vivant agrément and Activite1-OPCVM in AMF official current export."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ustbl-profile-20261010-source-085","ustbl-profile-20261010-source-083"],"factDate":null,"id":"ustbl.pwc-h2a-firm-positive","scope":"Exact named TFC/PwC entity or actual FY2025 audit signer","sourceRole":"historicalResearch","statement":"Exactfirm66006351 is in H2A ListIsection2."},{"dateLabel":"2026-03-26","evidenceIds":["ustbl-profile-20261010-source-086","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-profile-20261010-source-083"],"factDate":"2026-03-26","id":"ustbl.pwc-signatory-positive","scope":"Exact named TFC/PwC entity or actual FY2025 audit signer","sourceRole":"historicalResearch","statement":"2025annual audit signatory ArnaudPercheron appears in H2AListIsection1 with1100094064 and firm66006351 affiliation."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ustbl-20261010-c1-closure-caceis-sanction-2025"],"factDate":null,"id":"ustbl.reviewed-institution-ustbl-20261010-c1-closure-caceis-sanction-2025","scope":"CACEIS BANK; AMF Sanctions Commission decisionSAN2025-12 datedDecember17,2025 and its stated warning andEUR3.5m fine.","sourceRole":"officialRecord","statement":"The17December2025 CACEIS decision records a warning and€3.5m fine. It is retained disciplinary history, not a finding that USTBL is banned; the recorded appeal must remain visible."},{"dateLabel":"2026-02-26","evidenceIds":["ustbl-20261010-c1-closure-caceis-sanction-index"],"factDate":"2026-02-26","id":"ustbl.reviewed-institution-ustbl-20261010-c1-closure-caceis-sanction-index","scope":"CACEIS BANK; official AMF index entry for the February26,2026 appeal of the December17,2025 decision.","sourceRole":"officialRecord","statement":"The official index records a CACEIS appeal dated26February2026. The recorded appeal is neither exoneration nor evidence of licence withdrawal; the current adjudication status was not checked."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr"],"factDate":null,"id":"ustbl.accounting-period-evidence","scope":"SPIKO SICAV and its US T-Bills compartment as covered by the FY2025 audited accounts and September1,2026 prospectus.","sourceRole":"reportedPeriodData","statement":"Retained accounting evidence concerns the named fund and its stated accounting periods; it does not establish current provider cash, funded continuity or operating runway."},{"dateLabel":"2025-12-30","evidenceIds":["ustbl-profile-20261010-source-081","ustbl-20261007-completion-platform-terms-fr-pdf","ustbl-profile-20261010-source-078"],"factDate":"2025-12-30","id":"ustbl.formalComplaintProcess","scope":"Spiko customer-service recourse; separate document clocks retained","sourceRole":"formalTerms","statement":"Policy1.1 provides free legitimate-interest complaints, 10 business-day acknowledgment and response within two months of receipt with exceptional-delay notice, competent AMF mediation. French Terms22 separately uses ten days and two months from sending."},{"dateLabel":"2026-06-12","evidenceIds":["ustbl-20261011-adevar-minter-audit"],"factDate":"2026-06-12","id":"ustbl.adevarMinterAuditScope","scope":"Original independent audit, June 12 2026; bounded to programs/minter/src and scripts at the report commits, not a current whole-asset audit.","sourceRole":"independentAudit","statement":"Adevar Labs reported an independent review of the Spiko Solana Minter program and deployment scripts at the listed June 2026 commits. It recorded two low-severity findings, both fixed on after-fix review, and no critical, high or medium finding in that scope. The report recommends stronger governance of program upgrade/admin keys. It does not attest Token ACL, Gate, Token-2022, other chains, or correspondence to every current deployed binary."},{"dateLabel":"2023-11-23","evidenceIds":["ustbl-20261011-tob-evm-audit"],"factDate":"2023-11-23","id":"ustbl.tob_evm_audit","scope":"PDF pp. 4-7, 27-30. Original dated report only; current production applicability unconfirmed.","sourceRole":"independentAudit","statement":"Trail of Bits 2023 Spiko EVM assessment, primarily PermissionManager, PermissionManaged, Token, Redemption, Oracle and utility contracts at initial commit e0607206 and audit changes; dependencies, deploy scripts and off-chain components excluded. Four informational-to-low issues identified and fix review appended. Historical maturity table says privileged operations used multisignature accounts and hardware wallets, but does not verify current signer custody."},{"dateLabel":"2024-11-06","evidenceIds":["ustbl-20261011-nethermind-starknet-audit"],"factDate":"2024-11-06","id":"ustbl.nethermind_starknet_audit","scope":"PDF pp. 2-4. Original dated report only; current production applicability unconfirmed.","sourceRole":"independentAudit","statement":"Nethermind 2024 review covers four Cairo source files for Starknet at audit commit ac79ee99853dd58a77b6b1ac278c4dd4996b9337 and final commit ecb9ccb42cb85dd3c0051458da03c8db1e74c6cc; two low and two informational/best-practice issues reported fixed. Deployed class correspondence is not shown."},{"dateLabel":"2025-04-01","evidenceIds":["ustbl-20261011-pessimistic-atm-audit"],"factDate":"2025-04-01","id":"ustbl.pessimistic_atm_audit","scope":"PDF pp. 2-3, 8. Original dated report only; current production applicability unconfirmed.","sourceRole":"independentAudit","statement":"Pessimistic audited ATM.sol, ATM2.sol and PermissionManaged.sol at initial commit dfc554f6318fe8e588afdcf571be023a26b5e0ad and update 678807393652bc08121ea9566d28a5f37e7ec89d. The timestamp issue was fixed; a project-roles issue moved to notes. A historical statement says administrative functions used a multisig secured with hardware wallets, without current custody verification."},{"dateLabel":"2025-10-03","evidenceIds":["ustbl-20261011-halborn-stellar-audit"],"factDate":"2025-10-03","id":"ustbl.halborn_stellar_audit","scope":"HTML Scope and Assessment Summary & Findings Overview, HAL-01 and remediation commits. Original dated report only; current production applicability unconfirmed.","sourceRole":"independentAudit","statement":"Halborn assessed Spiko Stellar token, permission manager and redemption contracts at commit b66c29e5820c5d50f1654a7817537007cca8e5fb. Its report lists one critical redemption bug and four lesser findings, all reported solved in September 2025. Later features and deployed wasm correspondence are outside the stated scope."},{"dateLabel":"2025-11-03","evidenceIds":["ustbl-20261011-nethermind-multiatm-audit"],"factDate":"2025-11-03","id":"ustbl.nethermind_multiatm_audit","scope":"PDF pp. 2-4. Original dated report only; current production applicability unconfirmed.","sourceRole":"independentAudit","statement":"Nethermind assessed only token/MultiATM.sol at initial commit 42911b8 and final commit f283264; two informational points are reported fixed. Fund-token and issuer-key paths are outside that audit."},{"dateLabel":"2025-11-07","evidenceIds":["ustbl-20261011-zenith-minter-audit"],"factDate":"2025-11-07","id":"ustbl.zenith_minter_audit","scope":"PDF pp. 4-6. 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Current applicability is not asserted."],"possibleTierIds":["U1_liquidity_75"],"rationale":"Disclosed short-duration Treasury/government-MMF liquid asset mandate supports capped75 normal-market proxy; actual full holdings unavailable.","remainingWork":"实际组合在统一5营业日内可变現份额及实质锁定；token赎回政策不是底层流动性测试。","scope":"A Connecticut stipulation identifies Ondo I LP, Ondo I GP LLC and Ondo Capital Management LLC. It does not itself define the current OUSG token-bearing partnership class or every holder route.","selectionBasis":{"kind":"proxy","proxyRoute":"mandateOnly","ruleId":"U1_liquidity_75"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S1_pdf","confidence":"medium","confidenceBasis":"T3 own report.","confidenceFactors":{"availability":1,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["ousg-p5"],"limitations":["See report boundaries."],"possibleTierIds":["S1_pdf_65"],"rationale":"PDF findings policy.","remainingWork":"New report evidence.","scope":"OUSG listed PDF object","selectionBasis":{"kind":"observed","ruleId":"S1_pdf_65"},"state":"supported"}],"caps":[{"capId":"licensing","factIds":["ousg.disclosedPrivateFundRoute","ousg.formalEntityRoles","C1_vehicle.direct.0","ousg.historical-connecticut-regulatory-settlement"],"possibleStateIds":["adequate_authorization"],"rationale":"Relevant named fund/manager supervision or lawful private-fund exemption supported; no current indispensable-business prohibition established.","selectionBasis":{"kind":"proxy","ruleId":"adequate_authorization"}},{"capId":"bankruptcy_remoteness","factIds":["ousg.formalEntityRoles","ousg.disclosedPrivateFundRoute"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"holder_rights","factIds":["ousg.formalEntityRoles","ousg.disclosedPrivateFundRoute"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"reserve_verification","factIds":["ousg.primaryAdministrator","ousg.datedLpAccounts","S3_assurance.direct.0","ousg.primaryNavWorkflow"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"underlying_credit_quality","factIds":["ousg.primaryMandate","ousg.datedLpAccounts"],"possibleStateIds":["credit_component_at_least_80"],"rationale":"Mechanically follows admitted U1_credit 80; no separate adverse inference.","selectionBasis":{"kind":"proxy","ruleId":"credit_component_at_least_80"}}],"eligibility":"eligible","facts":[{"dateLabel":"Original fact date not disclosed","evidenceIds":["ousg-20261009-v2-factual-source-15"],"factDate":null,"id":"ousg.primaryMandate","scope":"OUSG operational overview","sourceRole":"primary_archive_reread_issuer_statement","statement":"Ondo describes short-term US Treasuries and GSE exposure through funds managed by multiple asset managers, with bank deposits and USDC for liquidity."},{"dateLabel":"2026-10-07","evidenceIds":["ousg-profile-20261010-source-182","ousg-20261009-v2-factual-ousg-oct07-balance-sheet","ousg-20261009-v2-factual-ousg-oct07-trial-balance","ousg-20261009-v2-factual-ousg-oct07-account-statement"],"factDate":"2026-10-07","id":"ousg.datedLpAccounts","scope":"Ondo I LP unaudited account statement, balance sheet and trial balance forOctober7,2026; the general-partner certification in balance sheet and account statement, and the retained r2 arithmetic extraction.","sourceRole":"historicalResearch","statement":"Prior research records the following: October 7 unaudited account statement/balance sheet name Ondo I LP and GP certification. Reported NAV $354,865,188.67 differs by $0.01 from trial balance/arithmetic; no economic loss established."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ousg-expansion-source-source-16"],"factDate":null,"id":"ousg.primaryAdministrator","scope":"Ondo Qualified Access Funds including OUSG","sourceRole":"primary_archive_reread_issuer_statement","statement":"Ondo names NAV Consulting as fund administrator with daily direct read-only access to all fund accounts, and describes a daily reconciliation before publishing NAV Consulting financials; reports may lag the onchain price by up to three days."},{"dateLabel":"2026-10-01","evidenceIds":["ousg-profile-20261010-source-049","ousg-profile-20261010-source-048"],"factDate":"2026-10-01","id":"ousg.historicalControlObservations","scope":"Multi-ledger public-contract, recorded-state and RWA-linkage assessment. Ledger observations fixed on 28 September 2026; retained technical evidence through 29 September 2026; product-page portfolio snapshot dated 30 September 2026; primary documents reviewed on 1 October 2026. Networks: Ethereum; Polygon; Solana; XRP Ledger. Network: Ethereum; Address: 0x1B19C19393e2d034D8Ff31ff34c81252FcBbee92; Component: OUSG token proxy; Observation: Block 26077885 on 28 September 2026 at 18:56:23 UTC; hash 0x3a36339a5d75e737c117fa49d5a0747ec1dc7b1d34f0cb438f62b5f0717b94ff. Network: Ethereum; Address: 0x93358db73B6cd4b98D89c8F5f230E81a95c2643a; Component: OUSGManager; Observation: Block 26077885 on 28 September 2026 at 18:56:23 UTC; hash 0x3a36339a5d75e737c117fa49d5a0747ec1dc7b1d34f0cb438f62b5f0717b94ff. Network: Ethereum; Address: 0xcf6958D69d535FD03BD6Df3F4fe6CDcd127D97df; Component: Identity registry; Observation: Block 26077885 on 28 September 2026 at 18:56:23 UTC; hash 0x3a36339a5d75e737c117fa49d5a0747ec1dc7b1d34f0cb438f62b5f0717b94ff. Network: Ethereum; Address: 0x9Cad45a8BF0Ed41Ff33074449B357C7a1fAb4094; Component: OndoOracle; Observation: Block 26077885 on 28 September 2026 at 18:56:23 UTC; hash 0x3a36339a5d75e737c117fa49d5a0747ec1dc7b1d34f0cb438f62b5f0717b94ff. Network: Ethereum; Address: 0xADC4966E4F8CAAf12C777f07AA7A0Ae8D894cDf3; Component: OUSGOracleWrapper; Observation: Block 26077885 on 28 September 2026 at 18:56:23 UTC; hash 0x3a36339a5d75e737c117fa49d5a0747ec1dc7b1d34f0cb438f62b5f0717b94ff. Network: Ethereum; Address: 0x0502c5ae08E7CD64fe1AEDA7D6e229413eCC6abe; Component: Underlying OUSG oracle; Observation: Block 26077885 on 28 September 2026 at 18:56:23 UTC; hash 0x3a36339a5d75e737c117fa49d5a0747ec1dc7b1d34f0cb438f62b5f0717b94ff. Network: Polygon; Address: 0xbA11C5effA33c4D6F8f593CFA394241CfE925811; Component: OUSG token; Observation: Block 94611786 on 28 September 2026 at 19:13:39 UTC; hash 0x575598d8b66737c1067fc93b06fc676b569d5d56363a9911c65870b482c94d97. Network: Polygon; Address: 0x6B7443808ACFCD48f1DE212C2557462fA86Ee945; Component: CashManager; Observation: Block 94611786 on 28 September 2026 at 19:13:39 UTC; hash 0x575598d8b66737c1067fc93b06fc676b569d5d56363a9911c65870b482c94d97. Network: Polygon; Address: 0x7cD852c0D7613aA869e632929560f310D4059AC1; Component: Identity registry; Observation: Block 94611786 on 28 September 2026 at 19:13:39 UTC; hash 0x575598d8b66737c1067fc93b06fc676b569d5d56363a9911c65870b482c94d97. Network: Solana; Address: i7u4r16TcsJTgq1kAG8opmVZyVnAKBwLKu6ZPMwzxNc; Component: OUSG legacy SPL Token mint; Observation: Slots 451418544-451420480 on 28 September 2026; terminal observation 20:01:47 UTC. Network: Solana; Address: EgFDCr2UmsoUvoJ5DcNZqVnkFZsDE9KyCYBhGcnrAd5G; Component: Circle operational recipient; Observation: History reviewed through the 28 September 2026 fixed-slot window. Network: XRP Ledger; Address: 4F55534700000000000000000000000000000000.rHuiXXjHLpMP8ZE9sSQU5aADQVWDwv6h5p; Component: OUSG issued currency and issuer; Observation: Ledger 107299413 on 28 September 2026 at 19:50:02 UTC; hash 96E79FCE58D829FC75E997500177EBF5E8A71523ED42A25255A90149CDE189FB. Network: XRP Ledger; Address: rHprwRkvDexV5LF5tzKQmx7U7Ku2836DA1; Component: OUSG operational recipient; Observation: Ledger 107299413 on 28 September 2026 at 19:50:02 UTC; hash 96E79FCE58D829FC75E997500177EBF5E8A71523ED42A25255A90149CDE189FB. Network: XRP Ledger; Address: rEZiJUJskputkS6VjPAwdRLESNpdyRC6ba; Component: RLUSD operational recipient; documented destination tag 1; Observation: Ledger 107299413 on 28 September 2026 at 19:50:02 UTC; hash 96E79FCE58D829FC75E997500177EBF5E8A71523ED42A25255A90149CDE189FB. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Active TOKENIZED_RWA price path lacks maximum-age rejection. XRPL active master key/no signer list. Solana4-of-7 Squads. Compensating NAV controls and production loss not established."},{"dateLabel":"2025-12-12","evidenceIds":["ousg-20261009-public-r1-ct-stipulation"],"factDate":"2025-12-12","id":"ousg.formalEntityRoles","scope":"Exact entities in regulator stipulation","sourceRole":"officialRecord","statement":"Connecticut stipulation identifies Ondo I LP, Ondo I GP LLC and Ondo Capital Management LLC. 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The US introduction uses International while Schedule 1 uses Institutional; this does not invalidate the separately established non-US scope.","sourceRole":"provider_official_index_lead","statement":"S&P provider-origin listing says OpenEden TBILL AA+f/S1+ actionSeptember9,2025; exact actionbody unavailable."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-comparable-10b1f55cff02e8606eed"],"factDate":null,"id":"U1_credit.direct.1","scope":"The non-US contract identifies Treasury Bills Institutional Liquidity Limited and the TBILL vault economic interest. The US introduction uses International while Schedule 1 uses Institutional; this does not invalidate the separately established non-US scope.","sourceRole":"access_failure","statement":"Article body not returned; not evidence of absence of rating."},{"dateLabel":"2026-08-14","evidenceIds":["tbill-expansion-source-source-22"],"factDate":"2026-08-14","id":"U1_fx.direct.0","scope":"TBILL reported August14 balance-sheet portfolio; foreign-currency exposure construct, stablecoin/counterparty risks separate.","sourceRole":"administrator_accounting_snapshot","statement":"Complete dated balance sheet lists US Treasury bill ISINs, Treasury money-market fund, USDC cash/security and USD accounting receivable."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-expansion-source-source-23"],"factDate":null,"id":"tbill.primaryNamedServiceProviders","scope":"OpenEden TBILL Fund FAQ appointment descriptions","sourceRole":"primary_archive_reread_issuer_statement","statement":"OpenEden names BNY for US T-bills custody, Protege Fund Services as administrator, TJ Assurance Partners PAC as auditor, Coinbase Prime fiat on-ramp, KPMG tax adviser, Harneys counsel, Chainalysis blockchain compliance and LSEG market data."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-expansion-source-pb-tbill-transparency"],"factDate":null,"id":"tbill.expansion.issuer-ey-control-audit-claim","scope":"OpenEden TBILL Vault public controls description; exact current legal class and deployment coverage unresolved","sourceRole":"issuerClaim","statement":"OpenEden says EY completed an independent audit of critical KYC, valuation methodologies, asset transfer and custody processes and controls with no critical or high findings."},{"dateLabel":"2026-10-01","evidenceIds":["tbill-profile-20261010-source-051","tbill-profile-20261010-source-050"],"factDate":"2026-10-01","id":"tbill.historicalControlObservations","scope":"Public-code, deployed-configuration and business-boundary security assessment. Technical evidence through 29 September 2026, with contract observations primarily 27-28 September 2026; public product/RWA evidence through 30 September 2026. Networks: Ethereum mainnet (chain ID 1); Arbitrum One (chain ID 42161); BNB Smart Chain (chain ID 56). Network: Ethereum mainnet; Component: TBILL Vault V5. Network: Arbitrum One; Component: TBILL Vault V5. Network: BNB Smart Chain; Component: TBILL Vault V5. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: VaultV5 reads minima but not defined maxima; above-max subscriptions/queued redemptions succeed. Instant dependency return-ABI mismatch atomically reverts; no persistent burn/settlement movement in test."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-20261009-v2-factual-tbill-nonus-fresh"],"factDate":null,"id":"tbill.nonUsEconomicInterest","scope":"Non-US agreement opening and Schedule1 only","sourceRole":"formalTerms","statement":"Non-US agreement identifies Treasury Bills Institutional Liquidity Limited and TBILL digital-token economic interest through the vault."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-20261009-v2-factual-tbill-nonus-fresh"],"factDate":null,"id":"S2_claim.direct.0","scope":"Non-US approved TBILL users; no US agreement name inheritance.","sourceRole":"primary_original","statement":"Named TBILL Fund grants subscription/redemption mechanics and proportional economic value, with PPM governing redemption value. No complete shareholder/beneficial-register clause inspected."},{"dateLabel":"2026-08-14","evidenceIds":["tbill-expansion-source-source-22"],"factDate":"2026-08-14","id":"S3_assurance.direct.0","scope":"Treasury Bills Institutional Liquidity Limited administrator reporting.","sourceRole":"administrator_accounting_snapshot","statement":"Namedfund financial accounts and pertokenNAV produced for August14."},{"dateLabel":"2026-08-14","evidenceIds":["tbill-expansion-source-source-22"],"factDate":"2026-08-14","id":"S3_wrapper.direct.0","scope":"Dated single administrator statement, not independent all-chain supply audit.","sourceRole":"administrator_accounting_snapshot","statement":"Fund equity253114280.89, totalTBILLtokenSupply219465110.72, NAVperToken1.153324 appear in the same administrator statement."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-20261009-v2-factual-tbill-nonus-fresh"],"factDate":null,"id":"S4_terms.direct.0","scope":"Non-US TBILL fully onboarded eligible whitelisted holder; ordinary queued vault redemption.","sourceRole":"primary_original","statement":"Ordinary redemptions queued and processed within T+3 US business days; §9 reserves broad discretion to suspend/decline."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-20261009-v2-factual-tbill-nonus-fresh"],"factDate":null,"id":"S4_stress.direct.0","scope":"Non-US TBILL exit route; ordinary cadence separately scored100.","sourceRole":"primary_original","statement":"Unilateral suspension/decline reservation prevents stress top tier."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-20261009-v2-factual-r4-tbill-6"],"factDate":null,"id":"tbill.bviEntityRecord","scope":"Exact entity record","sourceRole":"officialRecord","statement":"BVI FSC regulated-entity page names Treasury Bills Institutional Liquidity Limited."},{"dateLabel":"2026-08-31","evidenceIds":["tbill-20261009-v2-factual-r4-tbill-6"],"factDate":"2026-08-31","id":"C1_vehicle.direct.0","scope":"Exact non-US fund/entity; audit requirement/process is distinct from a completed audit opinion.","sourceRole":"regulator_register","statement":"ExactTreasuryBillsInstitutionalLiquidityLimited listed ProfessionalFunds, CurrentlyRegulatedEntities."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["tbill-20261009-v2-factual-tbill-nonus-fresh"],"factDate":null,"id":"C1_vehicle.direct.1","scope":"Exact non-US fund/entity; audit requirement/process is distinct from a completed audit opinion.","sourceRole":"primary_original","statement":"RecognisedBVIprofessionalfund; applicableagreement states regular TJAssurancePartnersaudit."},{"dateLabel":"2026-08-14","evidenceIds":["tbill-expansion-source-source-22"],"factDate":"2026-08-14","id":"U1_concentration.direct.0","scope":"TBILL reported August14 gross-asset balance sheet; no claim about later portfolio changes.","sourceRole":"derived_from_administrator_accounting_snapshot","statement":"Totalassets253148523.98; directTreasurypositions252991890.00; allnonsovereign plusunclassified remainder156633.98, atmost0.0618744% ofgrossassets."},{"dateLabel":"2023-03-31","evidenceIds":["tbill-20261011-verichains-vault-audit"],"factDate":"2023-03-31","id":"tbill.verichains_vault_audit","scope":"PDF pp. 3, 5-8. Original dated report only; current production applicability unconfirmed.","sourceRole":"independentAudit","statement":"Verichains 2023 public report assessed supplied BaseVault.sol, OpenEdenVault.sol, KycManager.sol and ChainlinkAccessor.sol files with exact hashes; it identified no vulnerability in that historical scope. The current VaultV5 and production dependencies have no demonstrated byte correspondence to these 2023 files."},{"dateLabel":"undated page acquired 2026-10-11","evidenceIds":["tbill-20261011-openeden-risks-index"],"factDate":null,"id":"tbill.openeden_risks_index","scope":"Smart Contract Risk, audit-report links. Issuer report index, not independent audit content or current build match.","sourceRole":"issuerClaim","statement":"OpenEden official TBILL Risks page links Verichains March 2023 and Hacken October 2023 TBILL Vault audits. Its assertions do not map either report to current VaultV5 deployed bytes."},{"dateLabel":"2026-09-28 issuer release; underlying S&P action indexed 2025-09-09","evidenceIds":["tbill-audit20261011-issuer-rating-release","tbill-comparable-e1b9394af599871cf538"],"factDate":"2026-09-28","id":"tbill.audit20261011.exact-fund-sp-rating","scope":"Non-US Treasury Bills Institutional Liquidity Limited TBILL vault economic interest; issuer release as at 2026-09-28","sourceRole":"issuerReportedAgencyRatingCorroboratedByProviderIndex","statement":"OpenEden’s 28 September 2026 release names Treasury Bills Institutional Liquidity Limited ($TBILL) and reports the fund holds S&P AA+f fund credit quality and S1+ volatility ratings. The retained S&P digital-assets index independently lists its 9 September 2025 AA+f/S1+ TBILL action; the full S&P action body remains blocked."},{"dateLabel":"Accounting snapshot 2026-08-14; maturity records inspected 2026-10-11 Asia/Shanghai","evidenceIds":["tbill-expansion-source-source-22","tbill-audit20261011-dreyfus-bny-product","tbill-audit20261011-treasurydirect-912797RS8","tbill-audit20261011-treasurydirect-912797SA6","tbill-audit20261011-treasurydirect-912797SK4","tbill-audit20261011-treasurydirect-912797TX5","tbill-audit20261011-treasurydirect-912797UF2","tbill-audit20261011-treasurydirect-912797UG0","tbill-audit20261011-treasurydirect-912797UH8","tbill-audit20261011-treasurydirect-912797UJ4","tbill-audit20261011-treasurydirect-912797UK1","tbill-audit20261011-treasurydirect-912797UL9","tbill-audit20261011-treasurydirect-912797UU9","tbill-audit20261011-treasurydirect-912797UW5","tbill-audit20261011-treasurydirect-912797UY1","tbill-audit20261011-treasurydirect-912797VD6","tbill-audit20261011-treasurydirect-912797VK0"],"factDate":"2026-08-14","id":"tbill.audit20261011.actual-bill-maturity","scope":"Treasury Bills Institutional Liquidity Limited balance sheet at 2026-08-14; TreasuryDirect exact-CUSIP maturity corroboration","sourceRole":"primaryAccountingAndRegulatorCUSIPCrosswalk","statement":"August 14 2026 accounting report lists 15 exact US Treasury ISINs worth $252,991,890.00, 99.938% of total assets. All 15 CUSIPs match TreasuryDirect Bill records maturing 4–90 calendar days after the report; their value-weighted remaining term is 41.994 days. The $136,400.41 Dreyfus Treasury Obligations money fund is separately identified as a Rule 2a-7 government MMF; USDC and receivable balances are nonbond cash-equivalent claims."},{"dateLabel":"2026-08-14","evidenceIds":["tbill-expansion-source-source-22","tbill-audit20261011-treasurydirect-912797UU9","tbill-audit20261011-treasurydirect-912797TX5"],"factDate":"2026-08-14","id":"tbill.audit20261011.five-day-certain-maturities","scope":"Treasury Bills Institutional Liquidity Limited balance sheet at 2026-08-14; five US business days through 2026-08-21","sourceRole":"primaryAccountingAndRegulatorCUSIPCrosswalk","statement":"Two August 14 Treasury bill positions, $19,998,000 due August 18 and $14,995,500 due August 20, mature within the following five US business days; together they are 13.823% of total assets. This lower bound does not measure sale proceeds or executable quotes for the remaining bills."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["tbill-profile-20261010-source-051"],"factDate":"2026-10-01","id":"tbill.reference-scoring.identified-chain-review","scope":"OpenEden TBILL; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for TBILL on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["tbill-20261009-v2-factual-tbill-nonus-fresh","tbill-20261009-v2-factual-r4-tbill-6"],"factDate":null,"id":"tbill.reference-scoring.named-product-identity","scope":"OpenEden TBILL; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"TBILL identifies the named product OpenEden TBILL. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["tbill-pdf1"],"factDate":null,"id":"tbill-p5","scope":"TBILL listed PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-TBILL-2026-001"},{"dateLabel":"2026-08-14","evidenceIds":["tbill-expansion-source-source-23","tbill-expansion-source-source-22"],"factDate":"2026-08-14","id":"tbill.methodology52.independentFundNavAdministration","scope":"Treasury Bills Institutional Liquidity Limited, TBILL route","sourceRole":"independentNavAdministration","statement":"OpenEden identifies Protege Fund Services as fund administrator and states that daily and monthly NAV reports are produced by the administrator. The archived 14 August 2026 fund accounts report current per-token NAV of 1.153324 USD."}],"identityReason":"Named product identified in retained primary records. Non-US TBILL vault economic interest issued by Treasury Bills Institutional Liquidity Limited under the retained non-US User Agreement. US holder route excluded; exact PPM/share-register rights remain open.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"OpenEden TBILL; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["tbill.historicalControlObservations"],"kind":"complex","scope":"Assessed token, pricing, vault or cross-network logic; exact paths in source scope."},"issues":[{"factIds":["tbill.historicalControlObservations"],"id":"TBILL-O02","kind":"controlObservation","label":"Configured maxima are not enforced in sampled vault paths.","scope":"Policy bounds and authorized operations; no confirmed loss.","severity":"unassigned","status":"unresolved"},{"factIds":["tbill.historicalControlObservations"],"id":"TBILL-O03","kind":"controlObservation","label":"Instant dependency return mismatch reverts atomically.","scope":"Test left no persistent burn or settlement movement.","severity":"unassigned","status":"unresolved"}]},"securityReport":{"admittedRoots":[{"condition":"bounded-functional-inconsistency","evidence":[{"findingId":"B3-TBILL-O02","page":9,"quote":"Vault V5 reads only the minima."},{"findingId":"B3-TBILL-O02","page":9,"quote":"Above-maximum subscriptions and queued redemptions succeeded"}],"family":"bounded-configuration","reason":"Vault does not use configured transaction maximum fields.","rootCause":"unused-vault-maximum-fields","rule":"PF90-C"},{"condition":"bounded-functional-inconsistency","evidence":[{"findingId":"B3-TBILL-O03","page":9,"quote":"Vault V5 expects a uint256 return, while the configured Circle Redemption function returns no data."},{"findingId":"B3-TBILL-O03","page":9,"quote":"No share burn or settlement movement persists after the revert."}],"family":"bounded-configuration","reason":"Dormant instant redemption has incompatible return-data decoding.","rootCause":"instant-redemption-return-abi","rule":"PF90-C"}],"candidateOverallTreatment":null,"evidenceAsOf":"Technical evidence through 2026-09-29; public product/RWA evidence through 2026-09-30; per-chain blocks PDF p4","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"control_observation","consequence":"Potential dilution needs eligible actor, externally caused stale price, correction exceeding fees/costs, capacity, settlement and retained allocation; conjunction unproved. 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Current applicability is not asserted."],"possibleTierIds":["U1_credit_80"],"rationale":"Named product Treasury/government-MMF investment policy supports conservative mandate proxy80; actual complete quality mix unavailable.","remainingWork":"Use verified applicable fund rating if available; otherwise map same-date actual holdings and long-term credit symbols, cash bank and repo collateral/enforcement to the approved fallback. Mandate alone cannot establish actual composition.","scope":"Securitize’s SEC-filed accounting note identifies native VBILL ownership in VanEck Treasury Fund Ltd and distinguishes sVBILL receipts. It is not the fund issuer’s governing offering memorandum or a complete formal share-class definition.","selectionBasis":{"kind":"proxy","proxyRoute":"mandateOnly","ruleId":"U1_credit_80"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_tenor","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["vbill.primaryTenorDescription"],"limitations":["Dated, scoped assessment. 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It is not the fund issuer’s governing offering memorandum or a complete formal share-class definition.","selectionBasis":{"kind":"proxy","ruleId":"U1_tenor_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_fx","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["vbill.primaryMandate"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_fx_10"],"rationale":"Residual net currency match is not established by product name or USD quote; FX-availability10.","remainingWork":"Resolve actual denominations and redemption currency. 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Network: Solana mainnet-beta; Component: Native Token-2022 VBILL mint and Securitize RBAC/controller graph. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Authorized MASTER issue/burn fork restored balance/supply but left four Omnibus counters inflated; production reliance/loss unestablished. Five Solana issuer programs share a direct upgrade key."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["vbill-20261009-v2-factual-source-33"],"factDate":null,"id":"vbill.officialFeedAddresses","scope":"Issuer feed four offers/networks","sourceRole":"issuerClaim","statement":"An official operational feed lists token and bridge addresses on Ethereum, Avalanche, Solana and BNB Chain. 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CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["vbill-20261009-public-r1-securitize-accounting-note"],"factDate":null,"id":"vbill.reference-scoring.named-product-identity","scope":"VanEck Treasury Fund; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"VBILL identifies the named product VanEck Treasury Fund. 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Technical age bound must not be mistaken for fund's business window.","id":"B3-VBILL-O01","pages":[9],"quote":"not an absence of any on-chain age check.","statement":"Technical NAV age guard exists; business validity remains unresolved."},{"classification":"confirmed_defect","consequence":"Authorized reachability confirmed; no ordinary holder path. Omnibus zero balance/no Registry binding; bounded ETH/Avalanche history had no TBE events. BNB/private use, counter reliance, active limit denial and financial loss unestablished.","id":"B3-VBILL-O02","pages":[10],"quote":"balance and total supply but left those counters inflated","statement":"Authorized issue and burn leave four persistent counters inflated."},{"classification":"control_observation","consequence":"Current route unavailable before source burn, no current bridge loss. Reactivation exposes delayed unversioned Registry snapshot/recovery questions requiring private policy.","id":"B3-VBILL-O03","pages":[10],"quote":"each bridge has TrustService role 0.","statement":"Advertised bridge routes reject current source operations."},{"classification":"control_observation","consequence":"Authorized compromise can replace RBAC, supply and policy/identity logic. Ordinary key route not found; section 6 key has one-character discrepancy against section 4.4/Appendix A.","id":"B3-VBILL-O04","pages":[7,10,11,13],"quote":"All five issuer programs remain upgradeable by the same","statement":"Five Solana issuer programs share a direct upgrade authority."}],"identityStatus":"issuer-attributed official public deployment scope","limitations":[{"id":"L01","pages":[12],"statement":"The authoritative maximum permitted NAV age and market-window policy were unavailable."},{"id":"L02","pages":[12],"statement":"The EVM bridge lifecycle and delayed-snapshot reconciliation/version policy were unavailable."},{"id":"L03","pages":[12],"statement":"The private Omnibus TBE workflow, production usage and material counter limits were unavailable."},{"id":"L04","pages":[12],"statement":"Exact source, IDLs, toolchain and reproducible build correspondence for current Solana issuer binaries were unavailable."},{"id":"L05","pages":[12],"statement":"Private legal register, fund assets/liabilities, key custody, cash redemption and multi-ledger reconciliation were outside scope."},{"id":"L06","pages":[12],"statement":"Public transaction-history inspection was bounded."}],"overallLabel":"Overall score","pdfPageCount":14,"pdfPath":"public/audit-reports/2026-10-01/bench3-ai-vbill-audit-report-en-2026-10-01.pdf","positiveEvidence":[],"reportDate":"2026-10-01","reportID":"B3-VBILL-2026-001","reportPublicationDateIsObservationDate":false,"reportTitle":"Multi-Chain Public-Deployment Security Assessment","scope":"VBILL listed PDF object","scopePages":[1,3,4,5],"scopeType":"identified-deployment-report","scoreMeaning":"Bounded PDF findings;100 is not full safety.","securityLabel":"Audit findings score","sha256":"c33aa78334e9a084c4d105ac1caccac2cc7b4a2167754f8ed6220782c2b83ef4","sourceId":"vbill-pdf1","ticker":"VBILL"}},"criteria":[],"declaredDeployments":[],"history":[{"computedAt":"2026-10-06T00:00:00Z","grade":"C","methodologyVersion":"1.4.0","runId":"public-fundamentals-v1-2026-08-21-security-2026-10-06-overall-cap-removal-public-strategy-1.4.0","score":65.3}],"identity":{"evidenceIds":[],"issuer":"VanEck Treasury Fund Ltd","product":"VanEck Treasury Fund","shareClass":"Blockchain-recorded fund interests marketed as VBILL; governing PPM share-class designation not public","verified":false},"migrationNotes":["Fund and four official token addresses identified; exact legal share instrument unresolved. Historical report address discrepancy and current business usage require review.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. Full original criteria, deductions and reports remain in legacy-1.4.json."],"pendingClassification":"identityUnconfirmed","requiredChecks":[],"reviewedScope":[],"security":{"applicable":true,"deductions":[],"evidenceIds":[],"score":null},"ticker":"VBILL"},{"assetId":"cumiu","comparison":{"attributes":[{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_credit","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["cumiu.mandate","cumiu.fullPublishedHoldings"],"limitations":["Dated, scoped assessment. 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Its parent history and establishment alone do not satisfy the exact comparable-management threshold.","remainingWork":"Verify comparable asset-management business tenure and actual tokenizer/register operating tenure with dated evidence; company founding date is insufficient.","scope":"The identified product is Tokenized Unlisted Class I USD, ISIN HK0001153516. 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Its displayed weights total 100.0523%; the excess is not explained by ordinary four-decimal rounding alone."},{"dateLabel":"2026-08-31","evidenceIds":["cumiu-20261010-latest-factsheet-august-2026"],"factDate":"2026-08-31","id":"cumiu.reportedWamDays","scope":"ChinaAMC USD Digital Money Market Fund","sourceRole":"reportedPeriodData","statement":"The August 2026 factsheet reports weighted-average maturity of 50.85 days. 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These limits are not measured net FX or total economic leverage."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.material-fx-hedging","scope":"ChinaAMC USD Digital Money Market Fund and the September14,2026 prospectus rule for material currency risk arising from non-base-currency investments.","sourceRole":"formalTerms","statement":"The formal policy requires material currency risk from non-base-currency investments to be appropriately hedged. It does not specify a numerical residual net-FX tolerance, and no complete same-date hedge ledger is in this draft."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.expansion.custody_structure","scope":"ChinaAMC USD Digital Money Market Fund, Tokenized Unlisted Class I USD","sourceRole":"formal_terms","statement":"USD appendix identifies Standard Chartered Trustee(HongKong) as custodian. SCBank(HongKong) handles separate administration, registrar, tokenization and token-custody functions."},{"dateLabel":"2024-10-02 effective; observed2026-10-10","evidenceIds":["cumiu-comparable-5c1247af9d0eb2bdee9b","cumiu-20261010-latest-prospectus-september-2026"],"factDate":null,"id":"sc-trustee-active-type13","scope":"The identified product is Tokenized Unlisted Class I USD, ISIN HK0001153516. The legal class is established; the candidate Ethereum proxy remains unauthenticated by the issuer, and nominee customer books are separate.","sourceRole":"scoped primary source","statement":"Fresh SFC source identifies corporation AAM944 and active Type13 depositary services from2October2024 with no endDate in the returned raDetailData."},{"dateLabel":"2024-12","evidenceIds":["cumiu-comparable-a55eb2a8fcd5c4e92217"],"factDate":"2024-12","id":"sc-trustee-ofc-condition","scope":"The identified product is Tokenized Unlisted Class I USD, ISIN HK0001153516. The legal class is established; the candidate Ethereum proxy remains unauthenticated by the issuer, and nominee customer books are separate.","sourceRole":"scoped primary source","statement":"SFC December2024 condition history imposes compliance with applicable OFC-custodian requirements and the Code on Open-ended Fund Companies."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.appointedRolesAndControls","scope":"ChinaAMC USD Digital Money Market Fund","sourceRole":"formalTerms","statement":"Manager directions/confirmation, bank execution, direct-holder register reconciliation, manager independent verification, key backups and continuity measures are documented. Standard Chartered Bank (Hong Kong) Limited combines admin, registrar, tokenization, platform and token-custody functions; Standard Chartered Trustee (Hong Kong) Limited is current USD subfund custodian."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.trial.daily-register-controls","scope":"Direct ClassIUSD shareholders; nominee end-investor books explicitly outside manager/admin visibility","sourceRole":"binding_terms_control_process","statement":"Prospectus documents direct-shareholder offchain book-entry register reconciliation against token custody balances; manager independent verification and manager/admin correction after custodian consultation. Authoritative offchain register controls discrepancies. This separately identified manager check defeats an assumption of issuer-only token mapping."},{"dateLabel":"2026-10-01","evidenceIds":["cumiu-profile-20261010-source-055","cumiu-profile-20261010-source-054"],"factDate":"2026-10-01","id":"cumiu.historicalControlObservations","scope":"Provisional public-evidence and bytecode-bound assessment of an issuer-unconfirmed candidate Ethereum deployment. 30 September 2026; technical observations through Ethereum block 26,077,917 on 28 September 2026. Networks: Ethereum mainnet (chain ID 1). Network: Ethereum mainnet; Address: 0x85D38585c3aC08268F598282a84b7c0Ddfc0d04F; Component: Candidate CUMIU EIP-1967 token proxy; Observation: Block 26077917; 2026-09-28T19:02:47Z; Block: 26077917. Network: Ethereum mainnet; Address: 0x37686928ddf77be20fc4199f03f0638d90d9907e; Component: EIP-1967 implementation; Observation: Block 26077917; Block: 26077917. Network: Ethereum mainnet; Address: 0x938ac352e422985b86FE0Fa8bf2D0216A30bEef2; Component: RuleEngine; Observation: Block 26077473; Block: 26077473. Network: Ethereum mainnet; Address: 0x43EdBAB290E6B539a507800B1220e4a80E23B732; Component: Active RuleWhitelist; Observation: Block 26077473; Block: 26077473. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: CMTAT candidate did not expose critical administrator powers to unrelated caller in assessed state; admin approval thresholds unassessed; U01 spender-policy candidate unconfirmed. Issuer has not authenticated candidate proxy."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.trial.audit-engagement","scope":"CUMIU actual described digital platform; candidate public proxy remains unauthenticated","sourceRole":"formal_offering_document_control_claim","statement":"Formal prospectus states tokenization agent has engaged third parties to audit smart contracts utilized by the subfund DigitalPlatform, with at least annual and major-release reviews. No individual report scope/current implementation mapping has yet been inspected."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.tokenRegisterAndHolderRoutes","scope":"Tokenized Unlisted Class I USD","sourceRole":"formalTerms","statement":"One token represents one registered share/fraction; official off-chain shareholder register controls correction. Direct and nominee holders are contemplated; distributors keep separate end-investor books invisible to manager/admin."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026","cumiu-20261010-holder-ofc-rules-current-20250523"],"factDate":null,"id":"cumiu:holder-claim.reviewed-fact","scope":"Tokenized Unlisted Class I USD; a nominee is assessed only in its own registered capacity, not on behalf of its underlying customers.","sourceRole":"formalTerms","statement":"A directly registered Class I USD shareholder has enforceable fund-share rights."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.trial.public-ofc-regime","scope":"USD subfund and direct ClassIUSD; no nominee rights inference","sourceRole":"binding_terms","statement":"Current prospectus identifies ChinaAMC Digital OFC as HongKong public umbrella OFC with segregated subfund liability; Company and each subfund authorized under SFOsection104, including the USD digital money-market subfund."},{"dateLabel":"2025-12-31","evidenceIds":["cumiu-20261009-public-r1-annual-2025"],"factDate":"2025-12-31","id":"cumiu.expansion.audited_period_accounts","scope":"ChinaAMC Digital OFC including ChinaAMC USD Digital Money Market Fund","sourceRole":"reported_period_data","statement":"KPMG gives a true-and-fair-view opinion on OFC and subfund financial statements at31December2025 under IFRS; public other-information portfolio sections are expressly unaudited."},{"dateLabel":"2026-09-14 policy;2026-10-09 NAV sample","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026","cumiu-20261010-holdings-issuer-latest-class-nav"],"factDate":null,"id":"cumiu.trial.daily-nav-process","scope":"USD subfund ClassIUSD, manager-independent bank NAV role","sourceRole":"binding_policy_and_reported_operating_sample","statement":"Prospectus allocates NAV calculation to Administrator under formal valuation rules and requires each class NAV publication each DealingDay. Exact administrator is Standard Chartered Bank(HongKong), separate from ChinaAMC manager. The9October ClassIUSD published NAV104.6698 supplies a dated operating sample."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026","cumiu-20261010-holder-ofc-rules-current-20250523"],"factDate":null,"id":"cumiu:register-protection.reviewed-fact","scope":"Direct registered Class I USD route. No peer-to-peer or secondary transfers; distributor customer books are excluded. Separate records do not provide atomic token-and-legal-title completion.","sourceRole":"formalTerms","statement":"The official off-chain register controls ownership and corrections. Issuance and minting follow separate steps; daily correction and court-rectification mechanisms are documented."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-20261010-holder-ofc-rules-current-20250523","cumiu-20261010-latest-prospectus-september-2026"],"factDate":null,"id":"cumiu:register-rectification.reviewed-fact","scope":"Direct Class I USD legal holder; erroneous inclusion, omission or delayed cessation entry in the official register. Excludes nominee private books and general governance litigation; judicial relief is discretionary on merits, not guaranteed recovery.","sourceRole":"formalTerms","statement":"For specified register errors, a holder may apply directly to court; the court may correct the register, decide title and award company damages."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.routeTerms","scope":"Tokenized Unlisted Class I USD","sourceRole":"formalTerms","statement":"Direct and distributor routes are separately described. Formal terms include a$1000minimum,11:00HongKongcutoff,ordinary daily restrictions and a conditional anti-dilution charge. No synthetic redemption ticket is scored."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":null,"id":"cumiu:redemption-delivery.reviewed-fact","scope":"Direct registered Class I USD bank-payment route. The ordinary10%NAV queue has a five-business-day completion bound; the conservative combined bound remains longer than five business days. Distributor onward settlement and exceptional legal suspension are separate.","sourceRole":"formalTerms","statement":"For the reviewed direct-holder bank route, normal payment is three business days but the stated ceiling is one calendar month after the later dealing day or receipt of complete documents."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.trial.technical-continuity","scope":"Actual stated tokenization arrangement for directly registered subfund shares; nominee end-investor books excluded","sourceRole":"binding_terms_control_process","statement":"Formal prospectus describes offchain-register-based token re-creation, offline hardware backups, daily backup of critical on/offchain ownership and transaction records, alternate tokenizer appointment/migration, and24hour recovery-time/recovery-point objectives. Manager remains ultimately responsible and independently checks direct-holder register balances."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-20261010-role-sfc-trustee-register","cumiu-20261010-role-sfc-manager-register","cumiu-20261010-latest-sfc-licensing-guide","cumiu-profile-20261010-source-002"],"factDate":null,"id":"cumiu.scopedRegisterObservations","scope":"Fund-level nine corporations, not every Class-I route or all roles","sourceRole":"historicalResearch","statement":"Accepted work records active SFC regulated-activity rows for manager, Trustee, bank and six listed distributors; HKMA lists bank as Licensed Bank. Pure admin/TA is not automatically Type13; exact token-platform/custody/distributor activities remain separate."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-20261010-role-sfc-manager-register"],"factDate":null,"id":"cumiu.reviewed-institution-cumiu-20261010-role-sfc-manager-register","scope":"China Asset Management(HongKong)Limited, SFC central entity numberARS988; listed regulated activities1,4and9 in the retained public-register record.","sourceRole":"officialRecord","statement":"The retained SFC record identifies ChinaAMC(HongKong), ARS988, for regulated activities1,4and9. This does not establish every token-service approval."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-profile-20261010-source-156"],"factDate":null,"id":"cumiu.reviewed-institution-afrc-kpmg-pie-details","scope":"KPMG, HongKong AFRC registered PIE auditor number0035; retained register entry with stated expiry and displayed conditions/history fields.","sourceRole":"officialRecord","statement":"The retained AFRC entry identifies KPMG0035, with registration expiry31December2026 and the displayed conditions field markedNil. Its stated five-year history display is not a universal clean-history conclusion."},{"dateLabel":"2026-07-31","evidenceIds":["cumiu-20261009-public-r1-class-i-factsheet"],"factDate":"2026-07-31","id":"cumiu.classFeeAndFundAccounts","scope":"Tokenized Unlisted Class I USD","sourceRole":"reportedPeriodData","statement":"Class I USD management fee0.05% disclosed; fund reports and class prices are available, but no complete actual-service-obligor continuity funding or parent guarantee established."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-20261009-public-r1-annual-2025","cumiu-20261010-latest-prospectus-september-2026"],"factDate":null,"id":"cumiu.accounting-period-evidence","scope":"ChinaAMC USD Digital Money Market Fund USD sub-fund FY2025 audited accounts covering its period fromJuly17 and the September14,2026 prospectus accounting responsibilities.","sourceRole":"reportedPeriodData","statement":"Retained accounting evidence concerns the named fund and its stated accounting periods; it does not establish current provider cash, funded continuity or operating runway."},{"dateLabel":"2008-09 start;2026-09-14 prospectus","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":null,"id":"cumiu.trial.manager-start","scope":"Exact appointed ChinaAMC(HongKong) manager, not mainland parent","sourceRole":"binding_filing_entity_history","statement":"Current prospectus says the exact Manager, ChinaAssetManagement(HongKong), was established inSeptember2008. Its own legal-entity history is under20years atOctober2026; parent ChinaAMC history is distinct."},{"dateLabel":"2026-10-09","evidenceIds":["cumiu-20261010-holdings-issuer-full-holdings-xlsx","cumiu-20261010-holdings-issuer-latest-class-nav"],"factDate":"2026-10-09","id":"cumiu.bank-weight-denominator","scope":"ChinaAMC USD Digital Money Market Fund October9,2026 issuer holdings workbook: Standard Chartered Bank(HongKong)Ltd cash row and displayed portfolio-weight column.","sourceRole":"reportedPeriodData","statement":"The9October holdings sheet displays25.6316% for cash at Standard Chartered Bank(HongKong)Ltd. The NAV denominator is not established, so the proposed concentration score was rejected. Unit NAV and a repeated Top10 weight do not repair it."},{"dateLabel":"2026-10-09","evidenceIds":["cumiu-20261010-holdings-issuer-full-holdings-xlsx","cumiu-20261010-holdings-issuer-latest-class-nav"],"factDate":"2026-10-09","id":"cumiu.classNavAndMissingDenominator","scope":"Tokenized Unlisted Class I USD","sourceRole":"reportedPeriodData","statement":"The issuer reported I-USD NAV per share of $104.6698 for 9 October. The holdings sheet’s Total NAV cell is blank, so this unit price cannot supply the whole-pool denominator."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-audit20261011-sfc-conduct-2026","cumiu-20261010-latest-prospectus-september-2026","cumiu-comparable-5c1247af9d0eb2bdee9b"],"factDate":"2026-09-14","id":"cumiu.audit20261011.formalCustodyReconciliation","scope":"Standard Chartered Trustee (Hong Kong) Limited custody of ChinaAMC USD Digital Money Market Fund underlying assets; separate from SCBHK token register and wallet services.","sourceRole":"regulatoryDuties","statement":"SFC Schedule 11, effective 2 October 2024 and retained in the January 2026 compilation, requires reconciled records shared with the manager, segregated records, daily cash and regular other-property reconciliation, and contingency arrangements for delegates. Appendix 2 of the 14 September 2026 USD-fund prospectus appoints Standard Chartered Trustee (Hong Kong) Limited and requires a replacement before retirement takes effect, with SFC approval and continued service until replacement. This combined product-specific snapshot is dated 14 September 2026; the regulatory duty retains its separate 2024 effective date."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["cumiu-profile-20261010-source-055"],"factDate":"2026-10-01","id":"cumiu.reference-scoring.identified-chain-review","scope":"ChinaAMC USD Digital Money Market Fund; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for CUMIU on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["cumiu-20261009-public-r1-class-i-prospectus","cumiu-20261009-public-r1-class-i-factsheet"],"factDate":null,"id":"cumiu.reference-scoring.named-product-identity","scope":"ChinaAMC USD Digital Money Market Fund; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"CUMIU identifies the named product ChinaAMC USD Digital Money Market Fund. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["cumiu-pdf1"],"factDate":null,"id":"cumiu-p5","scope":"CUMIU candidate PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-CUMIU-2026-001"},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.methodology52.custodianAppointment","scope":"Standard Chartered Trustee (Hong Kong) Limited","sourceRole":"custodyAppointment","statement":"The ChinaAMC USD Digital Money Market Fund appoints Standard Chartered Trustee (Hong Kong) Limited as custodian."},{"dateLabel":"2024-10-02","evidenceIds":["cumiu-comparable-5c1247af9d0eb2bdee9b"],"factDate":"2024-10-02","id":"cumiu.methodology52.custodianAuthorization","scope":"Standard Chartered Trustee (Hong Kong) Limited","sourceRole":"custodyAuthorization","statement":"The SFC public register identifies Standard Chartered Trustee (Hong Kong) Limited, AAM944, with active Type 13 depositary-services authorization effective 2 October 2024 and no end date in the archived record."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["cumiu-comparable-a55eb2a8fcd5c4e92217"],"factDate":null,"id":"cumiu.methodology52.custodianReviewConstraint","scope":"Standard Chartered Trustee (Hong Kong) Limited","sourceRole":"custodyReviewConstraint","statement":"The SFC condition for Standard Chartered Trustee (Hong Kong) Limited requires compliance with applicable open-ended fund company custodian requirements and the Code on Open-ended Fund Companies."},{"dateLabel":"2026-04-29","evidenceIds":["cumiu-20261009-public-r1-annual-2025"],"factDate":"2026-04-29","id":"cumiu.methodology52.completedFundAudit","scope":"ChinaAMC USD Digital Money Market Fund, Class I USD","sourceRole":"completedIndependentFundAudit","statement":"KPMG signed its independent audit opinion on 29 April 2026 for ChinaAMC Digital OFC and its subfund financial statements as at 31 December 2025 and gave a true-and-fair-view opinion under IFRS. The other-information portfolio sections are expressly unaudited."},{"dateLabel":"2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.methodology52.independentFundNavAdministration","scope":"ChinaAMC USD Digital Money Market Fund, Class I USD","sourceRole":"independentNavAdministration","statement":"The prospectus appoints Standard Chartered Bank (Hong Kong) Limited as Administrator, separately from China Asset Management (Hong Kong) Limited, and assigns class NAV calculation and publication for each Dealing Day."},{"dateLabel":"Product appointment 2026-09-14; Schedule 11 effective 2024-10-02","evidenceIds":["cumiu-audit20261011-sfc-conduct-2026","cumiu-20261010-latest-prospectus-september-2026","cumiu-comparable-5c1247af9d0eb2bdee9b"],"factDate":"2026-09-14","id":"cumiu.52.custody.segregation","scope":"Standard Chartered Trustee (Hong Kong) Limited custody and control of ChinaAMC USD Digital Money Market Fund underlying property","sourceRole":"custodyAssetControl","statement":"SFC Schedule 11 requires segregation of scheme property, or qualifying trust or client accounts with adequate record and reconciliation safeguards. The USD-fund prospectus appoints Standard Chartered Trustee (Hong Kong) Limited as custodian."},{"dateLabel":"Product appointment 2026-09-14; Schedule 11 effective 2024-10-02","evidenceIds":["cumiu-audit20261011-sfc-conduct-2026","cumiu-20261010-latest-prospectus-september-2026","cumiu-comparable-5c1247af9d0eb2bdee9b"],"factDate":"2026-09-14","id":"cumiu.52.custody.records","scope":"Standard Chartered Trustee (Hong Kong) Limited custody and control of ChinaAMC USD Digital Money Market Fund underlying property","sourceRole":"custodyAssetControl","statement":"The appointed custodian must verify ownership and maintain comprehensive, current and accurate records of scheme property, including cash and assets that cannot be held in custody, under SFC Schedule 11."},{"dateLabel":"Product appointment 2026-09-14; Schedule 11 effective 2024-10-02","evidenceIds":["cumiu-audit20261011-sfc-conduct-2026","cumiu-20261010-latest-prospectus-september-2026","cumiu-comparable-5c1247af9d0eb2bdee9b"],"factDate":"2026-09-14","id":"cumiu.52.custody.asset-control","scope":"Standard Chartered Trustee (Hong Kong) Limited custody and control of ChinaAMC USD Digital Money Market Fund underlying property","sourceRole":"custodyAssetControl","statement":"SFC Schedule 11 requires the custodian to safeguard scheme property and ensure asset transfers and other dealings are properly authorized, or oversee the manager obtaining the necessary authorization. The USD prospectus binds Standard Chartered Trustee to this custody role."},{"dateLabel":"Product appointment 2026-09-14; Schedule 11 effective 2024-10-02","evidenceIds":["cumiu-audit20261011-sfc-conduct-2026","cumiu-20261010-latest-prospectus-september-2026","cumiu-comparable-5c1247af9d0eb2bdee9b"],"factDate":"2026-09-14","id":"cumiu.52.custody.reconciliation","scope":"Standard Chartered Trustee (Hong Kong) Limited custody and control of ChinaAMC USD Digital Money Market Fund underlying property","sourceRole":"custodyAssetControl","statement":"SFC Schedule 11 requires daily cash reconciliation, regular reconciliation of other scheme property, and reconciled records made available to the manager so discrepancies are followed up. These duties apply to the appointed USD-fund custodian."},{"dateLabel":"Applicable USD-fund prospectus 2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.52.service.responsibilities","scope":"CUMIU directly registered Class I USD shareholder registration and tokenization services under the manager, administrator and tokenization agent","sourceRole":"essentialServiceControl","statement":"The manager remains ultimately responsible for the tokenization arrangement. The appointed administrator and tokenization agent maintain direct-holder records and the manager appoints an eligible replacement tokenization provider if the existing provider ceases or becomes unable to provide the service."},{"dateLabel":"Applicable USD-fund prospectus 2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.52.service.procedures","scope":"CUMIU directly registered Class I USD shareholder registration and tokenization services under the manager, administrator and tokenization agent","sourceRole":"essentialServiceControl","statement":"The tokenization arrangement maintains offchain shareholder records and backs up critical ownership and transaction data daily. The digital platform monitors onchain events and the stated service procedures address forks, service attacks and data-centre failure."},{"dateLabel":"Applicable USD-fund prospectus 2026-09-14","evidenceIds":["cumiu-20261010-latest-prospectus-september-2026"],"factDate":"2026-09-14","id":"cumiu.52.service.restore-and-replace","scope":"CUMIU directly registered Class I USD shareholder registration and tokenization services under the manager, administrator and tokenization agent","sourceRole":"essentialServiceControl","statement":"For infrastructure failure the stated plan uses redundant infrastructure and failover with 24-hour recovery-time and recovery-point objectives. Tokens can be recreated from the offchain register; provider failure triggers an eligible replacement and planned migration of tokenized assets and associated data."}],"identityReason":"Named product identified in retained primary records. The identified product is Tokenized Unlisted Class I USD, ISIN HK0001153516. The legal class is established; the candidate Ethereum proxy remains unauthenticated by the issuer, and nominee customer books are separate.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"ChinaAMC USD Digital Money Market Fund; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["cumiu.tokenRegisterAndHolderRoutes","cumiu.appointedRolesAndControls"],"kind":"simplePermissionedShareRecord","scope":"Documented direct-holder token/register arrangement; candidate code unauthenticated."},"issues":[{"factIds":["cumiu.historicalControlObservations"],"id":"CUMIU-U01","kind":"candidate","label":"Spender-policy candidate remains unconfirmed.","scope":"Issuer-unconfirmed CMTAT candidate; not a product defect conclusion.","severity":"unassigned","status":"unresolved"}]},"securityReport":{"admittedRoots":[],"candidateOverallTreatment":"Use unchanged 30% weight; every overall/security surface retains adjacent candidate qualification.","evidenceAsOf":"Primary candidate block 26,077,917 at 2026-09-28 19:02:47 UTC; behavioral/history anchor 26,077,473; product evidence through 2026-09-30","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"control_observation","consequence":"Authorized compromise/misuse can change supply, transfer policy or code. Approval threshold and key custody unknown; a sole role address proves no unilateral approval model.","id":"B3-CUMIU-O01","pages":[8],"quote":"The reviewed state did not expose these powers to an","statement":"Candidate administrator holds broad token and upgrade powers."},{"classification":"candidate","consequence":"Policy bypass requires live delegated authority, independently controlled restricted spender and a rule terminating that authority. No Approval or P2P event observed through anchor, but private relationships cannot be excluded.","id":"B3-CUMIU-U01","pages":[8,9],"quote":"None of these decisive production conditions was","statement":"Delegated transfer and approval omit spender eligibility checks."}],"identityStatus":"unauthenticated candidate","limitations":[{"id":"B3-CUMIU-L01","pages":[10],"statement":"Issuer-approved deployment mapping is unavailable."},{"id":"B3-CUMIU-L02","pages":[10],"statement":"Live delegated allowances, operator controllers and spender-lifecycle policy are not public."},{"id":"B3-CUMIU-L03","pages":[10],"statement":"Issuer release manifest, complete administrator inventory and private key/change controls were not assessed."},{"id":"B3-CUMIU-L04","pages":[10],"statement":"Registrar, custody, NAV, legal-share and settlement records were outside scope."}],"overallLabel":"Provisional overall score using a candidate audit","pdfPageCount":11,"pdfPath":"public/audit-reports/2026-10-01/bench3-ai-cumiu-audit-report-en-2026-10-01.pdf","positiveEvidence":[],"reportDate":"2026-10-01","reportID":"B3-CUMIU-2026-001","reportPublicationDateIsObservationDate":false,"reportTitle":"Provisional Candidate Deployment Security Assessment","scope":"CUMIU candidate PDF object","scopePages":[1,3,4,5],"scopeType":"candidate-report","scoreMeaning":"Bounded PDF findings;100 is not full safety.","securityLabel":"Candidate audit findings score","sha256":"c63354581d831c10b323b2df67b9ba797307a34c219702dc1548f7da140a1680","sourceId":"cumiu-pdf1","ticker":"CUMIU"}},"criteria":[],"declaredDeployments":[],"history":[{"computedAt":"2026-10-06T00:00:00Z","grade":"B","methodologyVersion":"1.4.0","runId":"public-fundamentals-v1-2026-08-21-security-2026-10-06-overall-cap-removal-public-strategy-1.4.0","score":73.8}],"identity":{"evidenceIds":["cumiu-20261009-public-r1-class-i-prospectus","cumiu-20261009-public-r1-class-i-factsheet"],"issuer":"ChinaAMC Digital OFC","product":"ChinaAMC USD Digital Money Market Fund","shareClass":"Tokenized Unlisted Class I USD","verified":true},"migrationNotes":["The already defined ChinaAMC Digital OFC / ChinaAMC USD Digital Money Market Fund / Tokenized Unlisted Class I USD legal-class target is verified by prospectus and factsheet. Explorer CUMIU token/proxy adoption and complete native deployment scope remain unverified; no token-specific rights or technical score follows.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. Full original criteria, deductions and reports remain in legacy-1.4.json."],"pendingClassification":"coverageInsufficient","requiredChecks":[],"reviewedScope":[],"security":{"applicable":true,"deductions":[],"evidenceIds":[],"score":null},"ticker":"CUMIU"},{"assetId":"usyc","comparison":{"attributes":[{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_credit","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0.75,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["usyc.primaryInvestmentWorkflow"],"limitations":["Dated, scoped assessment. 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BothdateinterpretationspredateOctober2023."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["usyc-profile-20261010-source-057"],"factDate":"2026-10-01","id":"usyc.reference-scoring.identified-chain-review","scope":"SDYF, with a Hashnote affiliate as investment manager; USYC is the onchain representation; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for USYC on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. 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P. Morgan custodian."},{"dateLabel":"2026-10-01","evidenceIds":["jtrsy-profile-20261010-source-059","jtrsy-profile-20261010-source-058"],"factDate":"2026-10-01","id":"jtrsy.historicalControlObservations","scope":"Public-evidence deployed-contract, configuration and RWA-linkage assessment. 30 September 2026. Networks: Network: Ethereum; Status: current active EVM deployment; Network: Base; Status: current active EVM deployment; Network: Arbitrum; Status: current active EVM deployment; Network: Avalanche; Status: current active EVM deployment; Network: Plume; Status: current active EVM deployment; Network: BNB Smart Chain; Status: current active EVM deployment; Network: Monad; Status: current active EVM deployment; Network: Pharos; Status: current active EVM deployment; Network: Solana mainnet-beta; Status: current-listed deployment; zero supply and dormant at snapshot; Network: X Layer; Status: omitted from current official manifest; retirement/lifecycle unresolved. Network: Ethereum; Address: 0x8c213ee79581ff4984583c6a801e5263418c4b86; Component: JTRSY Tranche token; Observation: token/configuration block 26077429. Network: Base; Address: 0x8c213ee79581ff4984583c6a801e5263418c4b86; Component: JTRSY Tranche token; Observation: token/configuration block 51913488. Network: Arbitrum; Address: 0x8c213ee79581ff4984583c6a801e5263418c4b86; Component: JTRSY Tranche token; Observation: token/configuration block 509774491. Network: Avalanche; Address: 0xa5d465251fbcc907f5dd6bb2145488dfc6a2627b; Component: JTRSY ShareToken; Observation: token/configuration block 96337265. Network: Plume; Address: 0xa5d465251fbcc907f5dd6bb2145488dfc6a2627b; Component: JTRSY ShareToken; Observation: token/configuration block 96102889. Network: BNB Smart Chain; Address: 0xa5d465251fbcc907f5dd6bb2145488dfc6a2627b; Component: JTRSY ShareToken; Observation: token/configuration block 124564347. Network: Monad; Address: 0xc18e6f730896971a79d748e8dea61067a9bc6040; Component: JTRSY ShareToken; Observation: token/configuration block 108810117. Network: Pharos; Address: 0xc18e6f730896971a79d748e8dea61067a9bc6040; Component: JTRSY ShareToken; Observation: token/configuration block 18831132. Network: Solana mainnet-beta; Component: JTRSY Token-2022 mint; Slot: 451407195; key controls rechecked at 451408537. Network: Solana mainnet-beta; Component: Shared Token-2022 program dependency; Observation: ProgramData DoU57AYuPFu2QU514RktNPG22QhApEjnKxnBcu4BHDTY; deployment slot 427147035; upgrade authority AeLmXCbPaQHGWRLr2saFsEVfmMNuKnxRAbWCT9P5twgz. Network: X Layer; Address: 0xc18e6f730896971a79d748e8dea61067a9bc6040; Component: Historical JTRSY ShareToken; Observation: retained registry block 71765200. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Reviewed Root/Spoke/BalanceSheet event replay retained official wards/hooks; Solana threshold2 Squads without timelock, snapshot supply0. 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Current applicability is not asserted."],"possibleTierIds":["S4_terms_15"],"rationale":"A regular ordinary handling cadence not verified; service-timing availability15.","remainingWork":"准确普通路线的公开处理节奏、字面端点、资格、最低额与容量；不是到账保证或实际业绩。","scope":"Form ADV and entity records identify My Onchain Net Yield Fund LTD, BVI entity 2190257 and a former name. They do not formally define the interest represented by MONY.","selectionBasis":{"kind":"informationRisk","ruleId":"S4_terms_15"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S4_stress","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["mony.primaryLaunchMandate"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S4_stress_25"],"rationale":"Sustained performance evidence unavailable; limited-evidence25 policy fallback, no current failure asserted.","remainingWork":"实际普通或压力赎回执行及暂停裁量；公开政策不能代替履约记录。","scope":"Form ADV and entity records identify My Onchain Net Yield Fund LTD, BVI entity 2190257 and a former name. They do not formally define the interest represented by MONY.","selectionBasis":{"kind":"informationRisk","ruleId":"S4_stress_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C1_vehicle","confidence":"medium","confidenceBasis":"medium","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["mony.primaryLaunchMandate","mony.primaryFundRoleFiling","C1_vehicle.direct.0","C1_vehicle.direct.1"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C1_vehicle_40"],"rationale":"Exact identified private vehicle and Rule506(c) placement route establish exemption-based40; not retail authorization.","remainingWork":"完成独立来源及适用范围审核；历史快照须另行更新才可称当前。","scope":"MYONCHAINNETYIELDFUNDLTD exactprivatefund; MONYtokenclassnotlegallyresolved.","selectionBasis":{"kind":"proxy","ruleId":"C1_vehicle_40"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C1_roles","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0.75,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["mony.primaryFundRoleFiling","mony.primaryLaunchMandate"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C1_roles_65"],"rationale":"Named material operating roles and some lawful role/regime evidence are verified; remaining precise service authorization not fully established.","remainingWork":"各必要法律角色与实际业务许可/无需许可依据的逐项绑定。","scope":"Form ADV and entity records identify My Onchain Net Yield Fund LTD, BVI entity 2190257 and a former name. 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Current applicability is not asserted."],"possibleTierIds":["C3_duties_25"],"rationale":"The fund filing names operating providers and investor-statement responsibility without a documented registration or redemption restoration process.","remainingWork":"关键运营/合规责任、已运行流程及可执行恢复或替换验证。","scope":"MONY fund-holder registration, redemption and necessary compliance services","selectionBasis":{"kind":"informationRisk","ruleId":"C3_duties_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_concentration","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["mony.primaryLaunchMandate"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_concentration_15"],"rationale":"Maximum group exposure and denominator not established; concentration-availability15.","remainingWork":"完整持仓穿透至最大单一非主权信用对手，并处理现金银行及回购敞口。","scope":"Form ADV and entity records identify My Onchain Net Yield Fund LTD, BVI entity 2190257 and a former name. They do not formally define the interest represented by MONY.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_concentration_15"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_liquidity","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["mony.primaryLaunchMandate"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_liquidity_75"],"rationale":"Disclosed short-duration Treasury/government-MMF liquid asset mandate supports capped75 normal-market proxy; actual full holdings unavailable.","remainingWork":"实际组合在统一5营业日内可变現份额及实质锁定；token赎回政策不是底层流动性测试。","scope":"Form ADV and entity records identify My Onchain Net Yield Fund LTD, BVI entity 2190257 and a former name. They do not formally define the interest represented by MONY.","selectionBasis":{"kind":"proxy","proxyRoute":"mandateOnly","ruleId":"U1_liquidity_75"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S1_pdf","confidence":"medium","confidenceBasis":"T3 own report.","confidenceFactors":{"availability":1,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["mony-p5"],"limitations":["See report boundaries."],"possibleTierIds":["S1_pdf_70"],"rationale":"PDF findings policy.","remainingWork":"New report evidence.","scope":"MONY listed PDF object","selectionBasis":{"kind":"observed","ruleId":"S1_pdf_70"},"state":"supported"}],"caps":[{"capId":"licensing","factIds":["mony.primaryLaunchMandate","mony.primaryFundRoleFiling","C1_vehicle.direct.0","C1_vehicle.direct.1"],"possibleStateIds":["adequate_authorization"],"rationale":"Relevant named fund/manager supervision or lawful private-fund exemption supported; no current indispensable-business prohibition established.","selectionBasis":{"kind":"proxy","ruleId":"adequate_authorization"}},{"capId":"bankruptcy_remoteness","factIds":["mony.primaryFundRoleFiling"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"holder_rights","factIds":["mony.primaryFundRoleFiling"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"reserve_verification","factIds":["mony.primaryFiledValuationIndependence","mony.primaryFundRoleFiling","S3_assurance.direct.0","mony.primaryStatementProvider"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"underlying_credit_quality","factIds":["mony.primaryLaunchMandate"],"possibleStateIds":["credit_component_at_least_80"],"rationale":"Mechanically follows admitted U1_credit 80; no separate adverse inference.","selectionBasis":{"kind":"proxy","ruleId":"credit_component_at_least_80"}}],"eligibility":"eligible","facts":[{"dateLabel":"2025-12-15","evidenceIds":["mony-20261009-v2-factual-source-57"],"factDate":"2025-12-15","id":"mony.primaryLaunchMandate","scope":"My OnChain Net Yield Fund launch announcement","sourceRole":"primary_archive_reread_issuer_statement","statement":"December2025 JPMorgan announcement says MONY invests only in traditional US Treasury securities and repos fully collateralized by US Treasury securities."},{"dateLabel":"2026-08-26","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":"2026-08-26","id":"mony.primaryFundRoleFiling","scope":"Exact MY ONCHAIN NET YIELD FUND LTD. ScheduleD Section7.B(1) block","sourceRole":"primary_archive_reread_fund_filing","statement":"August26 manager Form ADV identifies MY ONCHAIN NET YIELD FUND LTD., BVI, fund805-6672778826; names J.P.Morgan Investment Management Inc investment manager, Pricewaterhouse Coopers auditing firm and JPMorgan Chase Bank N.A. custodian and administrator."},{"dateLabel":"Page undated; observed2026-10-10","evidenceIds":["mony-comparable-19f8aba09d640cc60ea8"],"factDate":null,"id":"jpm-bank-current-issuer-ratings","scope":"Form ADV and entity records identify My Onchain Net Yield Fund LTD, BVI entity 2190257 and a former name. They do not formally define the interest represented by MONY.","sourceRole":"scoped primary source","statement":"The bank group’s current public fixed-income table separately reports JPMorgan Chase Bank,N.A.long-term issuer ratings Moody’s Aa2,S&P AA-,Fitch AA, all stable; a distinct table covers its parent."},{"dateLabel":"2026-08-26","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":"2026-08-26","id":"U2_institution.direct.0","scope":"MONY FormADV exactbankcustodian role,notJTRSYbrand orMONYtokenlegalrights.","sourceRole":"regulator_hosted_manager_filing","statement":"JPMorganChaseBankN.A.namedcustodianandadministrator."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["mony-comparable-19f8aba09d640cc60ea8"],"factDate":null,"id":"U2_institution.direct.1","scope":"MONY FormADV exactbankcustodian role,notJTRSYbrand orMONYtokenlegalrights.","sourceRole":"issuer_reported_agency_ratings","statement":"ExactbankreportedMoodyAa2,S&PAA-,FitchAA; distinctparenttable."},{"dateLabel":"2026-10-01","evidenceIds":["mony-profile-20261010-source-061","mony-profile-20261010-source-060"],"factDate":"2026-10-01","id":"mony.historicalControlObservations","scope":"Bytecode-bound public smart-contract assessment of the official Ethereum EIP-2535 Diamond deployment. 30 September 2026; technical snapshot at Ethereum block 26,077,991 on 28 September 2026. Networks: Ethereum mainnet (chain ID 1). Network: Ethereum mainnet; Address: 0x6a7c6aa2b8b8a6A891dE552bDEFFa87c3F53bD46; Component: Official MONY FactTokenDiamond entrypoint; Observation: Block 26077991; 2026-09-28T19:17:35Z; Block: 26077991. Network: Ethereum mainnet; Address: 0xC6B9e851a599e0Da88b39f0E8Bc2B0683A503e81; Component: MONY deployment initializer; Observation: Deployment transaction at block 23890166. Network: Ethereum mainnet; Address: 0x4D9832828a3898c9fCaF8799CAcdcf709068bA24; Component: DiamondLoupeFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0xe79A30d2a2134fcceCBbfB9A79F39E6AB1637B3f; Component: AccessControlFacetTimelockable; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x6e4D1A8b0A6b2ED26c50873C2c75FeAC77385295; Component: DiamondCutFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x7d7D5C1C2C9D45f6C73db9cCF6236ceb84d71965; Component: ERC173FacetTimelockable; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0xb1d84E1289942e45caa9C1103CBC867104F5f087; Component: PausableFacetTimelockable; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x71fF8c0E761B7640c1e294bF9b1b05b3a7df77A6; Component: ManagedAccountFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x66f853ea787118985Be98a7f3a071b9FE1390231; Component: ERC165Facet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0xeFbD67C1A8bc587599a475f720783282724e83B5; Component: ManagedTokenFacetTimelockable; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x5Be781F803552A0532FB03F6513D5a4bacb665a9; Component: TokenMetadataFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x88183F91a0A7315BD3e2102BE7520c88cE9EFF67; Component: BurnableFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x1aA6CF30f6b4F18F5cf12cC0F2c8543eaabE62D6; Component: ERC20FacetTransferBurnableStoppable; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0xe70C597957E542209eD44f2fbaE58370089E59be; Component: MintableFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0xcA76E9791De59331219bBa4BE1d05404eda8764C; Component: TimelockableFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x8c2FbC1DF5918CB15b96aD4d57298988c73dac32; Component: BurnRespondableFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x996440281f77B4D664878B0B14a10E909Fc3310B; Component: StopCodesFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x981b3af7957841CE2c8869Ee25055a693a89006B; Component: BurnPreparableFacet; Observation: Block 26077991. Network: Ethereum mainnet; Address: 0x8E8e658E22B12ada97B402fF0b044D6A325013C7; Component: Alchemy LightAccount v2.0.0 implementation used by principal administrative role holders; Observation: Implementation slot and owners recorded at blocks 26070626 and 26077242. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Single-controller immediate Diamond facet replacement; three principal LightAccounts each with direct controller; no unrelated-caller bypass. Private register/settlement out of scope."},{"dateLabel":"Prior fiscal year, exact beginning/end unconfirmed; reported in 2026-08-26 filing","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":null,"id":"mony.primaryFiledValuationIndependence","scope":"MONY ScheduleD Q27 prior-fiscal-year valuation report","sourceRole":"primary_archive_reread_fund_filing","statement":"The exact MONY Form ADV block reports0% of prior fiscal-year fund assets valued by a person not related to the manager, using valuations for subscriptions/redemptions/distributions and fee calculations."},{"dateLabel":"Prior fiscal year, exact beginning/end unconfirmed; reported in 2026-08-26 filing","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":null,"id":"S3_assurance.direct.0","scope":"MONY FormADV Q27 reported prior fiscal year, exact period beginning/end unconfirmed; filing on2026-08-26 is not the valuation date.","sourceRole":"regulator_hosted_manager_selfreport","statement":"0%priorfiscalyearfundassetsvaluedbypersonunrelatedtomanager; auditornamedbutcompletedopinionnotinspected."},{"dateLabel":"2026-08-26","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":"2026-08-26","id":"mony.primaryStatementProvider","scope":"MONY ScheduleD Q26(f)","sourceRole":"primary_archive_reread_fund_filing","statement":"MONY Form ADV administrator block names SS&C GIDS Inc in the investor-account-statements follow-up field."},{"dateLabel":"2025-12-15","evidenceIds":["mony-20261009-v2-factual-source-57"],"factDate":"2025-12-15","id":"C1_vehicle.direct.0","scope":"MYONCHAINNETYIELDFUNDLTD exactprivatefund; MONYtokenclassnotlegallyresolved.","sourceRole":"issuer_announcement","statement":"MONYis506(c)privateplacementfundforqualifiedinvestors."},{"dateLabel":"2026-08-26","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":"2026-08-26","id":"C1_vehicle.direct.1","scope":"MYONCHAINNETYIELDFUNDLTD exactprivatefund; MONYtokenclassnotlegallyresolved.","sourceRole":"regulator_hosted_manager_filing","statement":"BVIprivatefund805-6672778826,managerJPMInvestmentManagementInc."},{"dateLabel":"2005-02-04","evidenceIds":["mony-audit20261011-jpmim-2005-advisory-agreement"],"factDate":"2005-02-04","id":"mony.audit20261011.managerShortDurationHistory","scope":"J.P. Morgan Investment Management Inc., the named investment manager; same-entity short-duration fixed-income management history, not token-class identity or tokenizer tenure.","sourceRole":"formalTerms","statement":"The executed 4 February 2005 advisory agreement appoints J.P. Morgan Investment Management Inc. to manage Ultra Short-Term Bond and Short-Term Bond portfolios. This records the 2005 appointment only; the 2026 management-history statement and product appointment are separate evidence."},{"dateLabel":"2026-08-14","evidenceIds":["mony-audit20261011-jpmim-management-experience"],"factDate":"2026-08-14","id":"mony.audit20261011.managerExperienceSince1984","scope":"J.P. Morgan Investment Management Inc., the named investment manager; same-entity short-duration fixed-income management history, not token-class identity or tokenizer tenure.","sourceRole":"formalTerms","statement":"The Singapore prospectus registered14August2026 separately identifies J.P. Morgan Investment Management Inc. and states its experience managing collective investment schemes or discretionary funds since1984. This is an explicit operating-history statement, not an inference from incorporation date; the2005signed agreement supplies the short-duration fixed-income business cross-check."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["mony-profile-20261010-source-061"],"factDate":"2026-10-01","id":"mony.reference-scoring.identified-chain-review","scope":"My OnChain Net Yield Fund; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for MONY on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":null,"id":"mony.reference-scoring.named-product-identity","scope":"My OnChain Net Yield Fund; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"MONY identifies the named product My OnChain Net Yield Fund. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["mony-pdf1"],"factDate":null,"id":"mony-p5","scope":"MONY listed PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-MONY-2026-001"},{"dateLabel":"Original fact date not disclosed","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":null,"id":"mony.methodology52.custodianAppointment","scope":"JPMorgan Chase Bank, N.A.","sourceRole":"custodyAppointment","statement":"The fund appoints JPMorgan Chase Bank, N.A. as custodian."},{"dateLabel":"2026-10-10","evidenceIds":["mony-methodology52-jpm-issuer-rating-table"],"factDate":"2026-10-10","id":"mony.methodology52.custodianEntityRating","scope":"JPMorgan Chase Bank, N.A.","sourceRole":"custodianEntityRating","statement":"The official JPMorgan fixed-income investor table archived on 10 October 2026 reports S&P AA- as the long-term issuer rating of JPMorgan Chase Bank, N.A."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["mony-20261009-v2-factual-source-59"],"factDate":null,"id":"mony.methodology52.managerAppointment","scope":"J.P. Morgan Investment Management Inc.","sourceRole":"serviceAppointment","statement":"The assessed fund appoints J.P. Morgan Investment Management Inc. as investment manager."},{"dateLabel":"2026-08-14","evidenceIds":["mony-audit20261011-jpmim-2005-advisory-agreement","mony-audit20261011-jpmim-management-experience"],"factDate":"2026-08-14","id":"mony.methodology52.managerComparableHistory","scope":"J.P. Morgan Investment Management Inc.","sourceRole":"operatingHistory","statement":"J.P. Morgan Investment Management Inc. entered the 4 February 2005 (2005-02-04) advisory agreement covering Ultra Short-Term Bond and Short-Term Bond portfolios. The 14 August 2026 (2026-08-14) offering document identifies the same company as managing collective investment schemes and discretionary funds since 1984."}],"identityReason":"Named product identified in retained primary records. Form ADV and entity records identify My Onchain Net Yield Fund LTD, BVI entity 2190257 and a former name. They do not formally define the interest represented by MONY.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"My OnChain Net Yield Fund; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["mony.historicalControlObservations"],"kind":"simplePermissionedShareRecord","scope":"Assessed Ethereum share-record Diamond; private register and settlement excluded."},"issues":[{"factIds":["mony.historicalControlObservations"],"id":"mony-authority","kind":"controlObservation","label":"Single-controller privileged path observed.","scope":"MONY retained September2026 deployment scope and exclusions, original report§2+manifest and cited facts; no October11 refresh.","severity":"unassigned","status":"unresolved"}]},"securityReport":{"admittedRoots":[{"condition":"established-single-critical-controller","evidence":[{"findingId":"B3-MONY-O01","page":8,"quote":"an upgrade and optional initializer delegatecall can execute without that delay."},{"findingId":"B3-MONY-O02","page":9,"quote":"each exposing one direct controller."}],"family":"critical-authority","reason":"Owner Diamond upgrades bypass designated governance delay.","rootCause":"critical-single-controller-accounts","rule":"PF70-A"}],"candidateOverallTreatment":null,"evidenceAsOf":"Final block 26,077,991 at 2026-09-28 19:17:35 UTC; RWA synthesis through 2026-09-30","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"control_observation","consequence":"Owner authorization/compromise can replace restrictions, supply and accounting logic. No unrelated-caller bypass established.","id":"B3-MONY-O01","pages":[8],"quote":"an upgrade and optional initializer delegatecall can","statement":"Owner Diamond upgrades bypass designated governance delay."},{"classification":"control_observation","consequence":"Role-specific controller compromise or error can affect both products; off-chain custody/approval separation unassessed.","id":"B3-MONY-O02","pages":[9],"quote":"each exposing one direct controller.","statement":"Three shared principal LightAccounts each have one controller."},{"classification":"control_observation","consequence":"A balance or burn alone cannot prove ownership, reserves or payment; no contract supply defect established.","id":"B3-MONY-O03","pages":[9,10],"quote":"not evidence that the contract mis-accounted supply.","statement":"Public token state omits authoritative private fund records."}],"identityStatus":"issuer-attributed official public deployment scope","limitations":[{"id":"B3-MONY-L01","pages":[11],"statement":"No issuer-maintained public repository, signed release manifest or reproducible-build workflow was available."},{"id":"B3-MONY-L02","pages":[11],"statement":"Private placement, register, identity, NAV, portfolio, custody, order and settlement systems were outside scope."},{"id":"B3-MONY-L03","pages":[11],"statement":"Controller custody, approval thresholds, organizational separation and incident controls were not public."},{"id":"B3-MONY-L04","pages":[11],"statement":"The assessment is a fixed-state public-contract review."}],"overallLabel":"Overall score","pdfPageCount":13,"pdfPath":"public/audit-reports/2026-10-01/bench3-ai-mony-audit-report-en-2026-10-01.pdf","positiveEvidence":[],"reportDate":"2026-10-01","reportID":"B3-MONY-2026-001","reportPublicationDateIsObservationDate":false,"reportTitle":"Public Smart Contract Security Assessment","scope":"MONY listed PDF object","scopePages":[1,3,4,5],"scopeType":"identified-deployment-report","scoreMeaning":"Bounded PDF findings;100 is not full safety.","securityLabel":"Audit findings score","sha256":"ffac8d20ebb80ee7f848b2dd84e064e8a62aca804ffac155b8d4629c25b27bbd","sourceId":"mony-pdf1","ticker":"MONY"}},"criteria":[],"declaredDeployments":[],"history":[{"computedAt":"2026-10-06T00:00:00Z","grade":"C","methodologyVersion":"1.4.0","runId":"public-fundamentals-v1-2026-08-21-security-2026-10-06-overall-cap-removal-public-strategy-1.4.0","score":68.6}],"identity":{"evidenceIds":[],"issuer":"My Onchain Net Yield Fund LTD","product":"My OnChain Net Yield Fund","shareClass":"MONY tokenized interest; exact formal share class not publicly mapped","verified":false},"migrationNotes":["Product and Ethereum address announced, but formal share and legal issuer mapping is incomplete. Current Diamond implementation and controls unchecked.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. Full original criteria, deductions and reports remain in legacy-1.4.json."],"pendingClassification":"identityUnconfirmed","requiredChecks":[],"reviewedScope":[],"security":{"applicable":true,"deductions":[],"evidenceIds":[],"score":null},"ticker":"MONY"},{"assetId":"sweep","comparison":{"attributes":[{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_credit","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primaryEligibleAssets"],"limitations":["Dated, scoped assessment. 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The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_credit_20"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_tenor","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primaryEligibleAssets"],"limitations":["Dated, scoped assessment. 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The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_tenor_15"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_fx","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primaryEligibleAssets"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_fx_10"],"rationale":"Residual net currency match is not established by product name or USD quote; FX-availability10.","remainingWork":"Resolve actual denominations and redemption currency. Complete holdings including disclosed derivatives can establish the exposure without a separate hypothetical hedge ledger; USD NAV alone cannot.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_fx_10"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U2_institution","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primarySplitCustody","state-street-bank-fitch-20260309"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U2_institution_25"],"rationale":"Securities custody names State Street Bank and Trust Company with an applicable AA rating, while stablecoin custody is listed only as Anchorage. The unidentified stablecoin custodian and allocation prevent applying the bank grade to the whole custody structure.","remainingWork":"Complete exact legal entity rating/charter inputs and any multiple-custodian weights. Never borrow parent or another custody-leg credit quality.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"U2_institution_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U2_safeguards","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primarySplitCustody"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U2_safeguards_25"],"rationale":"The launch statement allocates securities and stablecoin custody to different providers without the required exact-service asset-record and reconciliation controls.","remainingWork":"Complete applicable custody-level controls, duties separation, reconciliation and enforceable recovery evidence. Missing SOC/testing document does not establish that controls are absent.","scope":"SWEEP underlying financial-asset custody across issuer-described securities and stablecoin channels","selectionBasis":{"kind":"informationRisk","ruleId":"U2_safeguards_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S2_claim","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.separateVehicles"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S2_claim_10"],"rationale":"Exact holder entitlement is not established in retained binding terms; rights-availability10, not no claim.","remainingWork":"Confirm exact operative holder obligation, fund/share class and direct versus nominee route. Issuer accounting ownership description is a useful claim, not full class-rights proof.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"S2_claim_10"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S2_insolvency","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.separateVehicles"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S2_insolvency_20"],"rationale":"Decisive applicable pool isolation terms not established; protection-availability20, not actual commingling.","remainingWork":"Resolve exact property/series isolation and creditor priority for rated legal holder; do not equate residual share rights with creditor seniority or require proof of every hypothetical foreign court outcome.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"S2_insolvency_20"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S3_assurance","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primaryNavInfrastructure","sweep.primarySplitCustody"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S3_assurance_20"],"rationale":"The launch release describes daily onchain NAV publication through Chainlink NAVLink; that transport and transfer-agent appointment do not establish independent fund NAV administration or a completed applicable audit.","remainingWork":"Bind fund audit, NAV production independence and actual publication samples for relevant periods. Retain accounting-period date separately from current control effectiveness.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"S3_assurance_20"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S3_wrapper","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.separateVehicles","sweep.primaryNavInfrastructure"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S3_wrapper_20"],"rationale":"Independent or externally assured token-unit correspondence not established; mapping-availability20.","remainingWork":"Read authoritative register/token mapping and actual independent verification scope/error handling; native legal fund share equivalence allowed, no invented extra wrapper report.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"S3_wrapper_20"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S4_terms","confidence":"medium","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["sweep.trial.daily-usd-policy"],"limitations":["Dated, scoped assessment. Current applicability is not asserted.","{\"route\": \"OfficialproductUSDbusiness-dayredemption policy\", \"eligibleHolder\": \"qualified productinvestor; exactfeeder/classbindingunresolved\", \"timingEndpoint\": \"processed\", \"cadence\": \"dailybusinessdays;USDby2PMET\", \"sourceBasis\": \"issuer-operating-policy\", \"policyDate\": \"undatedpage;retrievaldateinsource\", \"calendar\": \"USbusinessdays\", \"feesAndMinimums\": \"minimum$5mentities/$1mindividuals;redemptionfeeunknown\", \"capacity\": \"USDcapacityunknown; separatePYUSD24/7inventorylimited\", \"limitations\": \"productlevelpolicyonly; no dispatchdeadline/finalcasharrival; nolegalvehicleaggregate\"}"],"possibleTierIds":["S4_terms_100"],"rationale":"Official ordinary primary route offers daily or T+0/T+1/T+3 handling; scope, minimums and qualifications retained; handling is not guaranteed receipt.","remainingWork":"Bind official ordinary operating route, eligibility, timing stage/cadence, minimum, fees and capacity; policy cadence is separate from final cash receipt and stress performance.","scope":"{\"route\": \"OfficialproductUSDbusiness-dayredemption policy\", \"eligibleHolder\": \"qualified productinvestor; exactfeeder/classbindingunresolved\", \"timingEndpoint\": \"processed\", \"cadence\": \"dailybusinessdays;USDby2PMET\", \"sourceBasis\": \"issuer-operating-policy\", \"policyDate\": \"undatedpage;retrievaldateinsource\", \"calendar\": \"USbusinessdays\", \"feesAndMinimums\": \"minimum$5mentities/$1mindividuals;redemptionfeeunknown\", \"capacity\": \"USDcapacityunknown; separatePYUSD24/7inventorylimited\", \"limitations\": \"productlevelpolicyonly; no dispatchdeadline/finalcasharrival; nolegalvehicleaggregate\"}","selectionBasis":{"kind":"proxy","ruleId":"S4_terms_100"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S4_stress","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.trial.daily-usd-policy"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["S4_stress_25"],"rationale":"Sustained performance evidence unavailable; limited-evidence25 policy fallback, no current failure asserted.","remainingWork":"Obtain actual ordinary/stress redemption operating observations and applicable pause authority. Daily policy and portfolio liquidity figures do not demonstrate stress execution.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"S4_stress_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C1_vehicle","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.privatePlacementFilings","sweep.separateVehicles"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C1_vehicle_10"],"rationale":"Applicable actual held-vehicle regulatory category not established; regime-availability10.","remainingWork":"Resolve rated exact legal vehicle/class and applicable formal fund authorization or exemption. Separate program-level disclosure from final token legal identity.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"C1_vehicle_10"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C1_roles","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0.75,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["sweep.primarySplitCustody","sweep.primaryEligibleAssets"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C1_roles_65"],"rationale":"Named material operating roles and some lawful role/regime evidence are verified; remaining precise service authorization not fully established.","remainingWork":"Bind each critical actual activity to exact entity/permission, including material currently applicable measures. Do not require imaginary extra licences for pure admin/TA roles.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"proxy","ruleId":"C1_roles_65"},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C2_record","confidence":"medium","confidenceBasis":"Original source clauses and exact role mappings; independently reviewed before publication.","confidenceFactors":{"availability":0.75,"reliability":0.8,"scope":0.75,"timeliness":0.5},"factIds":["sweep.primarySplitCustody","sweep.audit20261011.managerMoneyMarketHistory","sweep.methodology52.managerAppointment","sweep.methodology52.managerComparableHistory"],"limitations":["Manager-only positive constraint, applicable to its disclosed role; no complete asset identity or tokenizer history established.","No current score or proof of operational effectiveness is asserted."],"possibleTierIds":["C2_record_65"],"rationale":"Exact current manager has more than twenty years of documented government money-market management. Galaxy incorporation and token launch dates are not used.","remainingWork":"Bind the exact tokenizer operator and relevant continuous3year history; retain the unresolved feeder/class link for aggregate scoring.","scope":"SSGA Funds Management, Inc. as the publicly named SWEEP investment manager across the announced fund structure; no token-to-feeder inference.","selectionBasis":{"kind":"proxy","ruleId":"C2_record_65","support":{"kind":"operatingHistory","tracks":[{"appointmentFactIds":["sweep.methodology52.managerAppointment"],"endDate":"2021-06-30","entity":"SSGA Funds Management, Inc.","factIds":["sweep.methodology52.managerComparableHistory"],"function":"comparableAssetManagement","role":"manager","startDate":"2001-05-01"}]}},"state":"supported"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"C3_duties","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primarySplitCustody","sweep.primaryNavInfrastructure"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["C3_duties_25"],"rationale":"Launch roles, NAVLink and cross-chain architecture do not establish a responsible operator and defined restoration route for registration or redemption service failure.","remainingWork":"Read applicable duty allocation, actual process sample, recovery/replacement path and continuity exercise or known limitation; absent public test is not confirmed no test.","scope":"SWEEP fund-holder registration, redemption and necessary compliance services","selectionBasis":{"kind":"informationRisk","ruleId":"C3_duties_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_concentration","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primaryEligibleAssets"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_concentration_15"],"rationale":"Maximum group exposure and denominator not established; concentration-availability15.","remainingWork":"Bind complete actual holdings/denominator, aggregate credit-related groups and enforceable repo net exposure; do not convert mandate maxima to actual concentrations.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_concentration_15"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_liquidity","confidence":"unconfirmed","confidenceBasis":"source-bound; see individual fact evidenceState","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep.primaryEligibleAssets"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_liquidity_15"],"rationale":"Actual five-day convertibility or qualifying portfolio bound not established; liquidity-availability15.","remainingWork":"Use dated actual holdings, applicable regulatory liquid-category definitions and normal maturity/repo/market settlement to bound five-business-day liquidity. Actual disposal receipts are not a prerequisite; material locks remain explicit.","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_liquidity_15"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S1_pdf","confidence":"unconfirmed","confidenceBasis":"T3 own report.","confidenceFactors":{"availability":1,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["sweep-p5"],"limitations":["See report boundaries."],"possibleTierIds":["S1_pdf_70"],"rationale":"PDF findings policy.","remainingWork":"New report evidence.","scope":"SWEEP candidate PDF object","selectionBasis":{"kind":"observed","ruleId":"S1_pdf_70"},"state":"supported"}],"caps":[{"capId":"licensing","factIds":["sweep.privatePlacementFilings","sweep.separateVehicles","sweep.primarySplitCustody","sweep.primaryEligibleAssets"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"bankruptcy_remoteness","factIds":["sweep.separateVehicles"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"holder_rights","factIds":["sweep.separateVehicles"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"reserve_verification","factIds":["sweep.primaryNavInfrastructure","sweep.primarySplitCustody","sweep.separateVehicles"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"underlying_credit_quality","factIds":["sweep.primaryEligibleAssets"],"possibleStateIds":["credit_component_20_to_below_50"],"rationale":"Mechanically follows admitted U1_credit 20; no separate adverse inference.","selectionBasis":{"kind":"informationRisk","ruleId":"credit_component_20_to_below_50"}}],"eligibility":"eligible","facts":[{"dateLabel":"Original fact date not disclosed","evidenceIds":["sweep-20261009-v2-factual-source-64"],"factDate":null,"id":"sweep.primaryEligibleAssets","scope":"State Street Galaxy Onchain Liquidity Sweep Fund product description","sourceRole":"primary_archive_reread_issuer_statement","statement":"Galaxy product page lists Treasury bills, notes and bonds, Treasury-backed repos, TIPS, Treasury FRNs, USD deposits and stablecoins as eligible assets; manager is SSGA Funds Management Inc."},{"dateLabel":"2026-05-05","evidenceIds":["sweep-20261009-v2-factual-source-66"],"factDate":"2026-05-05","id":"sweep.primarySplitCustody","scope":"SWEEP launch product-level roles","sourceRole":"primary_archive_reread_issuer_statement","statement":"May5 launch announcement names Anchorage digital custody for stablecoin investments, State Street Bank and Trust Company securities custody, NAV Consulting transfer agency and Galaxy issuance/management infrastructure."},{"dateLabel":"2026-03-09 17:03 ET","evidenceIds":["sweep-comparable-20356db91f8f187992c8"],"factDate":null,"id":"state-street-bank-fitch-20260309","scope":"Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","sourceRole":"scoped primary source","statement":"Fitch original Dodd-Frank disclosure affirms the bank’s long-term issuer default rating AA with stable outlook and short-term IDR F1+. Parent State Street Corporation is separately AA-."},{"dateLabel":"2026-10-01","evidenceIds":["sweep-profile-20261010-source-063","sweep-profile-20261010-source-062"],"factDate":"2026-10-01","id":"sweep.historicalControlObservations","scope":"Provisional public-evidence runtime and configuration assessment of an issuer-unconfirmed candidate Solana deployment. 30 September 2026; candidate identity/supply rechecked at finalized Solana context slot 451,412,449 after detailed runtime/configuration observations at slots 451,392,301-451,393,190. Networks: Solana mainnet-beta. Network: Solana mainnet-beta; Component: Candidate SWEEP Token-2022 mint; Observation: Finalized context slot 451412449; Slot: 451412449. Network: Solana mainnet-beta; Component: Transfer-hook program; Observation: Detailed loader/runtime state observed in finalized context window 451392301-451393190; ProgramData deployment/upgrade slot 440081553. Network: Solana mainnet-beta; Component: MMF controller program; Observation: Detailed loader/runtime and role/user state observed in finalized context window 451392301-451393190; ProgramData deployment/upgrade slot 440081414. Network: Solana mainnet-beta; Component: ExtraAccountMetaList; Observation: Finalized context slot 451392448; Slot: 451392448. Network: Solana mainnet-beta; Component: Mint, freeze, metadata and hook-configuration authority PDA; Observation: [mmf_authority] PDA, bump 255; derivation recorded in finalized context window 451392301-451393190. Network: Solana mainnet-beta; Component: Common hook/controller upgrade authority; Observation: Recorded in both ProgramData accounts during finalized context window 451392301-451393190. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Two candidate Solana issuer programs share on-curve direct upgrade authority. No ordinary caller route established; issuer adoption and exact build correspondence unresolved."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["sweep-20261009-v2-factual-source-61","sweep-20261009-v2-factual-source-62"],"factDate":null,"id":"sweep.separateVehicles","scope":"Two exact SEC private-placement filings","sourceRole":"reportedPeriodData","statement":"SEC Form D records identify separate Delaware onshore and Cayman offshore vehicles; public structure also describes master fund. Exact token-bearing feeder/class unresolved."},{"dateLabel":"2026-05-05","evidenceIds":["sweep-20261009-v2-factual-source-66"],"factDate":"2026-05-05","id":"sweep.primaryNavInfrastructure","scope":"SWEEP launch infrastructure description","sourceRole":"primary_archive_reread_issuer_statement","statement":"Launch announcement says Galaxy uses Chainlink NAVLink to publish daily fund NAV onchain, with CCIP cross-chain infrastructure."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["sweep-20261009-v2-factual-source-64"],"factDate":null,"id":"sweep.trial.daily-usd-policy","scope":"SWEEP official product-level eligible direct USD redemption route; exact feeder/class still unresolved","sourceRole":"issuer_operating_policy","statement":"Official Galaxy SWEEP product page states redemptions daily on business days, USD by2PMET; PYUSD24/7 subject to fund portfolio availability. It states minimum$5m entities/$1m individuals. USD published daily handling cadence is distinct from PYUSDinventory and final receipt."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["sweep-20261009-v2-factual-source-61","sweep-20261009-v2-factual-source-62"],"factDate":null,"id":"sweep.privatePlacementFilings","scope":"Filed offering notices","sourceRole":"reportedPeriodData","statement":"Two distinct SEC Form D filings are archived for SWEEP-related vehicles."},{"dateLabel":"2021-06-30","evidenceIds":["sweep-audit20261011-ssga-2021-government-fund-report"],"factDate":"2021-06-30","id":"sweep.audit20261011.managerMoneyMarketHistory","scope":"SSGA Funds Management, Inc. as the publicly named SWEEP investment manager across the announced fund structure; no token-to-feeder inference.","sourceRole":"reportedPeriodData","statement":"The June2021 filed report states SSGA Funds Management, Inc. manages the Government Money Market Portfolio under an advisory agreement dated1May2001. This documents20years of related money-market management by the exact manager separately named for SWEEP, without inferring Galaxy tokenizer tenure."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["sweep-profile-20261010-source-063"],"factDate":"2026-10-01","id":"sweep.reference-scoring.identified-chain-review","scope":"State Street Galaxy Onchain Liquidity Sweep Fund; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for SWEEP on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["sweep-20261009-v2-factual-source-64","sweep-20261009-v2-factual-source-66"],"factDate":null,"id":"sweep.reference-scoring.named-product-identity","scope":"State Street Galaxy Onchain Liquidity Sweep Fund; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"SWEEP identifies the named product State Street Galaxy Onchain Liquidity Sweep Fund. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["sweep-pdf1"],"factDate":null,"id":"sweep-p5","scope":"SWEEP candidate PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-SWEEP-2026-001"},{"dateLabel":"Original fact date not disclosed","evidenceIds":["sweep-20261009-v2-factual-source-64"],"factDate":null,"id":"sweep.methodology52.managerAppointment","scope":"SSGA Funds Management, Inc.","sourceRole":"serviceAppointment","statement":"Galaxy names SSGA Funds Management, Inc. as the investment manager of State Street Galaxy Onchain Liquidity Sweep Fund."},{"dateLabel":"2021-06-30","evidenceIds":["sweep-audit20261011-ssga-2021-government-fund-report"],"factDate":"2021-06-30","id":"sweep.methodology52.managerComparableHistory","scope":"SSGA Funds Management, Inc.","sourceRole":"operatingHistory","statement":"The 30 June 2021 (2021-06-30) filed Government Money Market Portfolio report states that SSGA Funds Management, Inc. serves as adviser under the agreement dated 1 May 2001 (2001-05-01) and describes the annual approval and continued management of the fund."}],"identityReason":"Named product identified in retained primary records. Separate formal filings identify Delaware onshore and Cayman offshore vehicles; a master fund is also described. The exact vehicle and class whose interest the token represents are not established.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"State Street Galaxy Onchain Liquidity Sweep Fund; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["sweep.historicalControlObservations"],"kind":"unknown","scope":"Issuer-unconfirmed candidate graph; product architecture unresolved."},"issues":[{"factIds":["sweep.historicalControlObservations"],"id":"SWEEP-deployment","kind":"candidate","label":"Candidate programs share a direct upgrade key.","scope":"Product adoption and build correspondence unconfirmed.","severity":"unassigned","status":"unresolved"}]},"securityReport":{"admittedRoots":[{"condition":"established-single-critical-controller","evidence":[{"findingId":"B3-SWEEP-O01","page":8,"quote":"can replace either executable payload, including the policy checks and authority-signing logic"}],"family":"critical-authority","reason":"Candidate hook and controller share one direct upgrade key.","rootCause":"common-program-upgrade-key","rule":"PF70-A"}],"candidateOverallTreatment":"Use unchanged 30% weight; every overall/security surface retains adjacent candidate qualification.","evidenceAsOf":"Identity/supply slot 451,412,449; runtime slots 451,392,301 to 451,393,190; EAML slot 451,392,448; public RWA cutoff 2026-09-30; report does not state these are 2026-10-01 observations","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"control_observation","consequence":"Authorized compromise/misuse can change both policy and PDA-signing logic; no ordinary route to key established.","id":"B3-SWEEP-O01","pages":[8],"quote":"Authorized use can replace either executable payload","statement":"Candidate hook and controller share one direct upgrade key."},{"classification":"control_observation","consequence":"Only controller can sign PDA; exhaustive public-entry-to-invoke_signed authorization unproved because exact mainnet source/build missing.","id":"B3-SWEEP-O02","pages":[9],"quote":"Residual uncertainty concerns unreviewed binary branches","statement":"Controller PDA holds token powers; exhaustive entry review is incomplete."}],"identityStatus":"unauthenticated candidate","limitations":[{"id":"B3-SWEEP-L01","pages":[10],"statement":"Issuer-approved mint-to-vehicle/share-class mapping is unavailable."},{"id":"B3-SWEEP-L02","pages":[10],"statement":"Exact deployed hook/controller source, mainnet IDLs and reproducible builds are unavailable."},{"id":"B3-SWEEP-L03","pages":[10],"statement":"A complete public-entry-to-invoke_signed control-flow review was not possible."},{"id":"B3-SWEEP-L04","pages":[10],"statement":"Private offering, register, NAV, custody and settlement records were outside scope."}],"overallLabel":"Provisional overall score using a candidate audit","pdfPageCount":12,"pdfPath":"public/audit-reports/2026-10-01/bench3-ai-sweep-audit-report-en-2026-10-01.pdf","positiveEvidence":[],"reportDate":"2026-10-01","reportID":"B3-SWEEP-2026-001","reportPublicationDateIsObservationDate":false,"reportTitle":"Provisional Runtime and Configuration Assessment","scope":"SWEEP candidate PDF object","scopePages":[1,3,4,5],"scopeType":"candidate-report","scoreMeaning":"Bounded PDF findings;100 is not full safety.","securityLabel":"Candidate audit findings score","sha256":"6562e538c6a1a9dfe1f7ad71d0380a473f38a6a3970ea13b51c83dce4a6a7c32","sourceId":"sweep-pdf1","ticker":"SWEEP"}},"criteria":[],"declaredDeployments":[],"history":[{"computedAt":"2026-10-06T00:00:00Z","grade":"C","methodologyVersion":"1.4.0","runId":"public-fundamentals-v1-2026-08-21-security-2026-10-06-overall-cap-removal-public-strategy-1.4.0","score":64.7}],"identity":{"evidenceIds":[],"issuer":"Delaware onshore feeder and Cayman offshore feeder/master; token-bearing issuer unresolved","product":"State Street Galaxy Onchain Liquidity Sweep Fund","shareClass":"Onshore/offshore feeder interests; token-bearing share class unresolved","verified":false},"migrationNotes":["Token-bearing vehicle, share class and official mint remain unresolved. Solana report is candidate-only; executable build correspondence incomplete.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. Full original criteria, deductions and reports remain in legacy-1.4.json."],"pendingClassification":"identityUnconfirmed","requiredChecks":[],"reviewedScope":[],"security":{"applicable":true,"deductions":[],"evidenceIds":[],"score":null},"ticker":"SWEEP"},{"assetId":"thbill","comparison":{"attributes":[{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_credit","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["thbill.primaryUnderlyingComposition"],"limitations":["Dated, scoped assessment. 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Theo manages a nonfixed allocation between the two."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["thbill-comparable-1ccbef5d3a8c1e418f05"],"factDate":null,"id":"thbill.primaryUnderlyingCustodyNames","scope":"Theo description of underlying-fund custody","sourceRole":"primary_archive_reread_issuer_statement","statement":"Theo states Standard Chartered bank custody for ULTRA and J.P.Morgan bank custody for FILQ."},{"dateLabel":"2026-10-01","evidenceIds":["thbill-profile-20261010-source-065","thbill-profile-20261010-source-064"],"factDate":"2026-10-01","id":"thbill.historicalControlObservations","scope":"Public-evidence smart-contract, role and cross-chain configuration assessment. 30 September 2026. Networks: Network: Ethereum; Status: canonical thBILL, tULTRA asset, mint Router and OFTAdapter; Network: Arbitrum; Status: current native thBILL OFT; Network: Base; Status: current native thBILL OFT; Network: HyperEVM; Status: current native thBILL OFT. Network: Ethereum; Address: 0x5FA487BCa6158c64046B2813623e20755091DA0b; Component: Canonical thBILL proxy; Observation: block 26077438; hash 0x1fa48d3bca0b9f6071a4c67f57c39803280c423d3321e60e67e8163ebc13a8b6. Network: Ethereum; Address: 0x325478a069b0dbbdfbee909fa3741f84259ba519; Component: Canonical IToken implementation; Observation: runtime Keccak-256 0x5b0645110549d0d5e52b855323423d224b908c03836adaf90e4ca482f4a3b126. Network: Ethereum; Address: 0x82b840b6eDf77f90C92a70b99f0B5d50E7967330; Component: tULTRA configured asset; Observation: ONLY_WHITELISTED transfer status and canonical wrapper eligibility checks at the separate earlier block 26074031. Network: Ethereum; Address: 0x8a2c307D1462Ff4fA98c9c119D3A3457AD505Eb1; Component: TTokenRouterV2; Observation: fixed-height role history through block 26077438. Network: Ethereum; Address: 0xAECCa546baFB16735b273702632C8Cbb83509d8F; Component: Official thBILL backing wallet; Observation: identity retained from current public deployment manifest. Network: Ethereum; Address: 0xfDD22Ce6D1F66bc0Ec89b20BF16CcB6670F55A5a; Component: ThBillOFTAdapter; Observation: block 26077438; LayerZero EID 30101. Network: Arbitrum; Address: 0xfdd22ce6d1f66bc0ec89b20bf16ccb6670f55a5a; Component: ThBillOFT; Observation: block 509774894; hash 0xe24134fd91159f9434d2674d53f012a448e4917389cb299f789db884422ddfca; EID 30110. Network: Base; Address: 0xfdd22ce6d1f66bc0ec89b20bf16ccb6670f55a5a; Component: ThBillOFT; Observation: block 51913540; hash 0x04cc774414550dbf40b7ffc0434eebbd25bda35e9dfc7e749e0f74d42b34df7d; EID 30184. Network: HyperEVM; Address: 0xfdd22ce6d1f66bc0ec89b20bf16ccb6670f55a5a; Component: ThBillOFT; Observation: block 47132570; hash 0xcb5e48bf042c5a1bad4e6284ebdae4608c572a2f586a6fcfeb50e9961af655d7; EID 30367. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: 4-of-6 Safe controls OFT graph and fixed-block peer matrix symmetric. Sole MINTER is authenticated EIP-7702 account, not proof of one-person approval. Private mint and cross-chain recovery out of scope."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["thbill-20261009-v2-factual-extra-thbill-5"],"factDate":null,"id":"thbill.negativeClaimScope","scope":"thBILL mint/redeem documentation","sourceRole":"issuerClaim","statement":"Issuer documentation states: Operating docs state holders have no claim to underlying fund units or securities; redemption delivers USDC or USDT."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["thbill-20261009-v2-factual-extra-thbill-2"],"factDate":null,"id":"thbill.platformEntity","scope":"Service operator named in terms","sourceRole":"formalTerms","statement":"Platform terms identify Theo Protocol Corporation as platform operator."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["thbill-comparable-1ccbef5d3a8c1e418f05"],"factDate":null,"id":"thbill.primaryPriceWorkflow","scope":"Theo thBILL operational price description","sourceRole":"primary_archive_reread_issuer_statement","statement":"Theo says price updates when underlying funds strike daily NAV on fund business days, with underlying management and Theo fees deducted before NAV."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["thbill-comparable-1ccbef5d3a8c1e418f05"],"factDate":null,"id":"S4_terms.direct.0","scope":"Theo thBILL KYC/KYB direct ordinary stablecoin redemption.","sourceRole":"issuer_operating_policy","statement":"thBILLredemption settlesinUSDCorUSDTatcurrentprice,T+1."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["thbill-20261009-v2-factual-extra-thbill-5"],"factDate":null,"id":"S4_terms.direct.1","scope":"Theo thBILL KYC/KYB direct ordinary stablecoin redemption.","sourceRole":"primary_original","statement":"Directmint/redeemrequiresKYC/KYB;redemptioninstablecoins;no underlyingfundunitsdelivered."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["thbill-profile-20261010-source-065"],"factDate":"2026-10-01","id":"thbill.reference-scoring.identified-chain-review","scope":"Theo thBILL iToken basket; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for thBILL on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["thbill-20261009-v2-factual-extra-thbill-2","thbill-20261009-v2-factual-extra-thbill-5","thbill-comparable-1ccbef5d3a8c1e418f05"],"factDate":null,"id":"thbill.reference-scoring.named-product-identity","scope":"Theo thBILL iToken basket; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"thBILL identifies the named product Theo thBILL iToken basket. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["thbill-pdf1"],"factDate":null,"id":"thbill-p5","scope":"thBILL listed PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-THBILL-2026-001"}],"identityReason":"Named product identified in retained primary records. Platform terms identify Theo Protocol Corporation as service operator, not conclusively as thBILL’s legal issuer or obligor. No claim to underlying units does not mean absence of every possible contractual claim.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"Theo thBILL iToken basket; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["thbill.historicalControlObservations"],"kind":"complex","scope":"Assessed token, pricing, vault or cross-network logic; exact paths in source scope."},"issues":[]},"securityReport":{"admittedRoots":[],"candidateOverallTreatment":null,"evidenceAsOf":"2026-09-28 eligibility block 26,074,031 at 06:02:59 UTC, separate from synchronized 17:26:59 to 17:27:07 UTC configuration/custody blocks; public sources observed 2026-09-29","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"control_observation","consequence":"Private service compromise/defect could mismatch assets, quantities or beneficiary. No ordinary caller could directly invoke or influence altered fields. Single role address proves no unilateral approval semantics.","id":"B3-THBILL-O01","pages":[8,9],"quote":"the sole role holder was an authenticated EIP-7702 account.","statement":"Private mint service composes fields without one on-chain quote binding."},{"classification":"control_observation","consequence":"Valid owner actions can redirect peers/disrupt bridging; ordinary setPeer/owner path not established; signer custody unassessed.","id":"B3-THBILL-O02","pages":[9],"quote":"publicly identified as 4-of-6.","statement":"Four OFTs use a four-of-six owner Safe; peers are symmetric."},{"classification":"control_observation","consequence":"No aggregate undercollateralized OFT snapshot observed; 248.111930 thBILL adapter surplus unattributed. 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Historical four-network five-representation scope retained; latest deployment directory fetch failed, so current completeness is unknown.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. 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Current applicability is not asserted."],"possibleTierIds":["C3_duties_25"],"rationale":"Entity records and contract addresses do not establish operating service responsibilities, procedures and a usable failure-triggered restoration route.","remainingWork":"关键运营/合规责任、已运行流程及可执行恢复或替换验证。","scope":"iBENJI fund-holder registration, redemption and necessary compliance services","selectionBasis":{"kind":"informationRisk","ruleId":"C3_duties_25"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_concentration","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["ibenji.entityRecords","ibenji.primarySeparateCatalog"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_concentration_15"],"rationale":"Maximum group exposure and denominator not established; concentration-availability15.","remainingWork":"完整持仓穿透至最大单一非主权信用对手，并处理现金银行及回购敞口。","scope":"The BVI entity 2165383 and SEC CIK2068319 filing identifying Delaware have no established bridge in the retained evidence. BENJI’s mandate and rights cannot be imported to iBENJI.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_concentration_15"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"U1_liquidity","confidence":"unconfirmed","confidenceBasis":"unresolved","confidenceFactors":{"availability":0,"reliability":0.4,"scope":0.5,"timeliness":0.5},"factIds":["ibenji.entityRecords","ibenji.primarySeparateCatalog"],"limitations":["Dated, scoped assessment. Current applicability is not asserted."],"possibleTierIds":["U1_liquidity_15"],"rationale":"Actual five-day convertibility or qualifying portfolio bound not established; liquidity-availability15.","remainingWork":"实际组合在统一5营业日内可变現份额及实质锁定；token赎回政策不是底层流动性测试。","scope":"The BVI entity 2165383 and SEC CIK2068319 filing identifying Delaware have no established bridge in the retained evidence. BENJI’s mandate and rights cannot be imported to iBENJI.","selectionBasis":{"kind":"informationRisk","ruleId":"U1_liquidity_15"},"state":"unresolved"},{"applicability":{"basis":"snapshot","checkedAt":null,"evidenceIds":[],"validUntil":null},"attributeId":"S1_pdf","confidence":"medium","confidenceBasis":"T3 own report.","confidenceFactors":{"availability":1,"reliability":0.4,"scope":0.75,"timeliness":0.5},"factIds":["ibenji-p5"],"limitations":["See report boundaries."],"possibleTierIds":["S1_pdf_100"],"rationale":"PDF findings policy.","remainingWork":"New report evidence.","scope":"iBENJI listed PDF object","selectionBasis":{"kind":"observed","ruleId":"S1_pdf_100"},"state":"supported"}],"caps":[{"capId":"licensing","factIds":["ibenji.entityRecords","ibenji.registryLimits"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"bankruptcy_remoteness","factIds":["ibenji.entityRecords"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"holder_rights","factIds":["ibenji.entityRecords"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"reserve_verification","factIds":["ibenji.primarySeparateCatalog"],"possibleStateIds":["evidence_not_established"],"rationale":"Decisive applicable protection/verification not established; declared availability ceiling, not observed failure.","selectionBasis":{"kind":"informationRisk","ruleId":"evidence_not_established"}},{"capId":"underlying_credit_quality","factIds":["ibenji.entityRecords","ibenji.primarySeparateCatalog"],"possibleStateIds":["credit_component_20_to_below_50"],"rationale":"Mechanically follows admitted U1_credit 20; no separate adverse inference.","selectionBasis":{"kind":"informationRisk","ruleId":"credit_component_20_to_below_50"}}],"eligibility":"eligible","facts":[{"dateLabel":"Original fact date not disclosed","evidenceIds":["ibenji-20261009-v2-factual-r4-ibenji-5","ibenji-20261009-v2-factual-source-77"],"factDate":null,"id":"ibenji.entityRecords","scope":"Exact-name Franklin OnChain Institutional Liquidity Fund Ltd records","sourceRole":"officialRecord","statement":"Retained records contain SEC CIK2068319 with Delaware as jurisdiction and a separate GLEIF record for BVI entity2165383. Their relationship remains unresolved."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ibenji-20261009-v2-factual-source-81"],"factDate":null,"id":"ibenji.primarySeparateCatalog","scope":"Franklin public contract directory","sourceRole":"primary_archive_reread_issuer_statement","statement":"Franklin directory separately labels iBENJI Ethereum and iBENJI BNB Smart Chain with fund token and modules."},{"dateLabel":"2026-10-01","evidenceIds":["ibenji-profile-20261010-source-067","ibenji-profile-20261010-source-066"],"factDate":"2026-10-01","id":"ibenji.historicalControlObservations","scope":"Ethereum and BNB Chain public smart-contract and deployment assessment. Technical evidence through 2026-09-29; RWA linkage evidence through 2026-09-30. Networks: Ethereum; BNB Chain. Network: Ethereum; Address: 0x90276e9d4a023b5229e0c2e9d4b2a83fe3a2b48c; Component: Fund Token proxy; Observation: Registry block 26070628. Network: Ethereum; Address: 0x12abff8dca2d09d99019dfcc9bf07539a8264066; Component: Authorization Module proxy; Observation: Registry block 26070628. Network: Ethereum; Address: 0x1933797bbf8f901b69bb81245d5a82091a0e0b76; Component: Transactional Module proxy; Observation: Configuration block 26074034; implementation runtime hash 0x58713f7c255e7b16db9686bfd40cf8d4cdec2638221742be87c5fc47fefd7321. Network: Ethereum; Address: 0xab266e4fa5d088cc440433c3ea1e066fd710a0a5; Component: Transfer Agent Module proxy; Observation: Registry block 26070628. Network: BNB Chain; Address: 0x3d0a2a3a30a43a2c1c4b92033609245e819ae6a6; Component: Fund Token proxy; Observation: Registry block 124382180. Network: BNB Chain; Address: 0xfe1ce41141d489983e87cad56943e4d92bd12014; Component: Authorization Module proxy; Observation: Registry block 124382180. Network: BNB Chain; Address: 0xab56aa7f1ed443401cefb3ed17d2795d4da59f6c; Component: Transactional Module proxy; Observation: Configuration block 124473344; implementation runtime hash 0x36f0e42dbca6e109fb7926cd7086f62c46e5e393961a707ec0b9c1c0216c4755. Network: BNB Chain; Address: 0x6c4dd0157b714e269e11242e2a4812ab2c043318; Component: Transfer Agent Module proxy; Observation: Registry block 124382180. Full components, code identities and exclusions are retained in the cited historical report and scope manifest. This is not a current contract-safety certification.","sourceRole":"historicalResearch","statement":"The historical assessment reports: Token writes confined to named contracts and thresholded multisig; sampled holders no generic lower-trust execution. Organizational custody, private composition and cross-chain settlement not established."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ibenji-profile-20261010-source-001"],"factDate":null,"id":"ibenji.swapMechanics","scope":"Franklin OnChain Institutional Liquidity Fund; archived public claim only, identity/route application bounded","sourceRole":"historicalResearch","statement":"Prior research records the following: BenjiSwap documentation exposes quoteNet/caller/balance conditions; specific pool, account, version and equal-size executable quote remain unknown."},{"dateLabel":"Original fact date not disclosed","evidenceIds":["ibenji-20261009-v2-factual-r4-ibenji-5","ibenji-20261009-v2-factual-source-77"],"factDate":null,"id":"ibenji.registryLimits","scope":"Exact-name entity records","sourceRole":"officialRecord","statement":"SEC filing and LEI/entity record exist; BVI webpage failures/search extract are not current full regulator verification."},{"dateLabel":"2026-10-01 report; original ledger cutoff on retained cover","evidenceIds":["ibenji-profile-20261010-source-067"],"factDate":"2026-10-01","id":"ibenji.reference-scoring.identified-chain-review","scope":"Franklin OnChain Institutional Liquidity Fund; retained report scope and ledger dates only","sourceRole":"historicalResearch","statement":"Bench3 issued a scoped public code/runtime report for iBENJI on1October2026. CUMIU and SWEEP deployment attribution is expressly provisional; other deployment scope remains as recorded in the report. This is Bench3 own assessment, not external independent-audit count."},{"dateLabel":"Original source dates retained; assessment cut-off2026-10-11","evidenceIds":["ibenji-20261009-v2-factual-source-81"],"factDate":null,"id":"ibenji.reference-scoring.named-product-identity","scope":"Franklin OnChain Institutional Liquidity Fund; named-token identity only, no legal-entity/class resolution implied","sourceRole":"primary_original_reread","statement":"iBENJI identifies the named product Franklin OnChain Institutional Liquidity Fund. Retained primary product records support named-product identification; exact holder-route and legal-class gaps remain stated separately."},{"dateLabel":"Publication date; observation anchors in report.","evidenceIds":["ibenji-pdf1"],"factDate":null,"id":"ibenji-p5","scope":"iBENJI listed PDF object","sourceRole":"originalPdfAssessment","statement":"Original bounded report B3-IBENJI-2026-001"}],"identityReason":"Named product identified in retained primary records. The BVI entity 2165383 and SEC CIK2068319 filing identifying Delaware have no established bridge in the retained evidence. BENJI’s mandate and rights cannot be imported to iBENJI.","identityResolved":true,"schemaVersion":"treasury-comparison-1","scope":"Franklin OnChain Institutional Liquidity Fund; named product and retained public deployment observations; exact holder/legal routes and any candidate deployment attribution remain unresolved where stated and lower protection/confidence.","securityContext":{"complexity":{"factIds":["ibenji.historicalControlObservations"],"kind":"complex","scope":"Assessed token, pricing, vault or cross-network logic; exact paths in source scope."},"issues":[]},"securityReport":{"admittedRoots":[],"candidateOverallTreatment":null,"evidenceAsOf":"Fixed observations on 2026-09-28 to 2026-09-29; technical cutoff 2026-09-29; RWA cutoff 2026-09-30","evidenceAsOfPages":[1,4,5],"findingDefaults":{"productionLossEstablished":false,"scope":"Exact bounded report scope.","severity":null,"status":"Original report snapshot; remediation not established."},"findings":[{"classification":"control_observation","consequence":"Broad token powers remain trust dependencies. Sampled role holders lacked generic lower-trust execution. Multisig normal/high thresholds 2/6; signer weights/custody matter.","id":"O01","pages":[8],"quote":"limited those powers to identified contracts and a","statement":"Token-writing roles use constrained agents, pools and multisig."},{"classification":"control_observation","consequence":"Later reauthorization/address reuse could revive authority; authoritative clean-slate policy and actual exposure unknown, so no confirmed vulnerability or safe disposition.","id":"O02","pages":[8,9],"quote":"intended clean-slate invariant and production exposure not","statement":"Freeze and deauthorization preserve existing allowances."}],"identityStatus":"issuer-attributed official public deployment scope","limitations":[{"id":"L01","pages":[9],"statement":"Both live Transactional implementations lack exact verified source/build correspondence"},{"id":"L02","pages":[9],"statement":"Production CX settlement builder and account/requestId derivation are private"},{"id":"L03","pages":[9],"statement":"No authoritative allowance offboarding/re-onboarding policy or exposure snapshot"},{"id":"L04","pages":[9],"statement":"Weighted multisig source/cryptography and organizational key controls were not independently audited"},{"id":"L05","pages":[9],"statement":"Private product, legal-register, NAV, custody, portfolio, reconciliation and cash-settlement records unavailable"}],"overallLabel":"Overall score","pdfPageCount":10,"pdfPath":"public/audit-reports/2026-10-01/bench3-ai-ibenji-audit-report-en-2026-10-01.pdf","positiveEvidence":[],"reportDate":"2026-10-01","reportID":"B3-IBENJI-2026-001","reportPublicationDateIsObservationDate":false,"reportTitle":"Public Smart-Contract Security Assessment","scope":"iBENJI listed PDF object","scopePages":[1,3,4,5],"scopeType":"identified-deployment-report","scoreMeaning":"Bounded PDF findings;100 is not full safety.","securityLabel":"Audit findings score","sha256":"1bbbc1c33de69e4049ab02ce2fa94e50c27a01324d26f5cc5b128ef125afdebc","sourceId":"ibenji-pdf1","ticker":"iBENJI"}},"criteria":[],"declaredDeployments":[],"history":[{"computedAt":"2026-10-06T00:00:00Z","grade":"C","methodologyVersion":"1.4.0","runId":"public-fundamentals-v1-2026-08-21-security-2026-10-06-overall-cap-removal-public-strategy-1.4.0","score":65.5}],"identity":{"evidenceIds":[],"issuer":"Franklin OnChain Institutional Liquidity Fund Ltd. (BVI candidate; exact-name Delaware filer unresolved)","product":"Franklin OnChain Institutional Liquidity Fund","shareClass":"iBENJI tokenized interests; public share-class terms unavailable","verified":false},"migrationNotes":["BVI and Delaware same-name issuers unresolved; dedicated legal instrument and two-address mapping incomplete. BENJI terms or NAV cannot substitute for iBENJI evidence.","All required daily checks and formal applicability checks must be completed before restoring a current total. Historical 2026-10-06 date is date-only; midnight is sorting normalization, not a known computation time. Full original criteria, deductions and reports remain in legacy-1.4.json."],"pendingClassification":"identityUnconfirmed","requiredChecks":[],"reviewedScope":[],"security":{"applicable":true,"deductions":[],"evidenceIds":[],"score":null},"ticker":"iBENJI"}],"computedAt":"2026-10-12T09:35:47.509Z","eventLedger":[],"evidence":[{"artifactHash":"7457e79f285397aa019170bc03bfe41167c7adf32714f0c5ea8315fb5ccffb35","artifactPath":"work/ratings/2026-10-07-readiness-intake/artifacts/7457e79f285397aa019170bc03bfe41167c7adf32714f0c5ea8315fb5ccffb35","assetId":"ustbl","attestations":["legalIdentity"],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"2026-09-01 publication date, date-only encoded at midnight; effective time unstated","effectiveAt":null,"id":"ustbl-20261007-r2-source-9","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Publication cover; pp5,8-10,12 legal identity and DLT USD table; pp13-18 strategy; pp20-23 ordinary redemption; articles8 and29 pp72,79. Text extracted and selected tables rendered; raw PDF intake failure retained as extraction-pending history.","observedAt":"2026-09-01T00:00:00Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T09:04:27.795Z","sourceClass":"T1","sourceUrl":"https://cdn.spiko.finance/legal_docs/EN/Prospectus_Spiko_SICAV_EN.pdf"},{"artifactHash":"940559b4976a6837791e72725bc4ac3bf4c5faf579592bed7d36ac9d215f74fe","artifactPath":"work/ratings/2026-10-07-component-restoration/artifacts/940559b4976a6837791e72725bc4ac3bf4c5faf579592bed7d36ac9d215f74fe","assetId":"ustbl","attestations":["legalIdentity"],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"2026-09-01 publication date, date-only encoded at midnight; effective time unstated","effectiveAt":null,"id":"ustbl-20261007-r2-ustbl-manager-prospectus-fr","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Manager current linked French prospectus: cover; pp5,9-10,12 exact USD identity and addresses; pp13-18 strategy; pp21-24 redemption, gate and transfer. Matches selected English clauses.","observedAt":"2026-09-01T00:00:00Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T10:06:42.523Z","sourceClass":"T1","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf"},{"artifactHash":"bbf7c6faade79208d9c82d6486e920b94f85fce05adcc143ebdab7f78a5c3753","artifactPath":"work/ratings/2026-10-07-readiness-intake/artifacts/bbf7c6faade79208d9c82d6486e920b94f85fce05adcc143ebdab7f78a5c3753","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated official snapshot acquired 2026-10-07T09:04:29.062Z","effectiveAt":null,"id":"ustbl-20261007-r2-source-11","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"id 11f473f5-adfa-4179-bedb-74fa60bc1c83, isin FR001400ODM9, symbol USTBL and eight public token entries. Address identification only, no implementation or permission attestation.","observedAt":"2026-10-07T09:04:29.062Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T09:04:29.062Z","sourceClass":"T2","sourceUrl":"https://public-api.spiko.io/v0/share-classes/USTBL"},{"artifactHash":"c3241646c525b2c01ca6accbe18a24244896b80e7536da4607572c80c68c9d2a","artifactPath":"work/ratings/2026-10-07-component-restoration/artifacts/c3241646c525b2c01ca6accbe18a24244896b80e7536da4607572c80c68c9d2a","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated official snapshot acquired 2026-10-07T10:05:34.181Z","effectiveAt":null,"id":"ustbl-20261007-r2-ustbl-legal-index","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"T-Bills Legal Documentation: current prospectus and USD KID links. Prospectus resolves to archived 2026-09-01 document.","observedAt":"2026-10-07T10:05:34.181Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T10:05:34.181Z","sourceClass":"T2","sourceUrl":"https://docs.spiko.io/documentation/product_overview/tbills/legal_documentation/"},{"artifactHash":"3e26f7295fc63b06a71b60bab715f43486c3c22edcd36bb170ee8bc7d4338fc9","artifactPath":"work/ratings/2026-10-07-component-restoration/artifacts/3e26f7295fc63b06a71b60bab715f43486c3c22edcd36bb170ee8bc7d4338fc9","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated official snapshot acquired 2026-10-07T10:06:40.144Z","effectiveAt":null,"id":"ustbl-20261007-r2-ustbl-manager-product","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact USD fund page, ISIN FR001400ODM9; current FR prospectus link dated2026-09-01, fund terms and visible notices. Dated NAV here is older than API, not used as a current NAV fact.","observedAt":"2026-10-07T10:06:40.144Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T10:06:40.144Z","sourceClass":"T2","sourceUrl":"https://www.twentyfirstcapital.com/fonds/spiko-us-t-bills-money-market-fund/usd/"},{"artifactHash":"4fe78978f65649b0d83dd1b2af311bdf40014f57d66820d2aee1e10b1b4fe865","artifactPath":"work/ratings/2026-10-07-component-restoration/artifacts/4fe78978f65649b0d83dd1b2af311bdf40014f57d66820d2aee1e10b1b4fe865","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated official snapshot acquired 2026-10-07T10:05:33.518Z","effectiveAt":null,"id":"ustbl-20261007-r2-ustbl-product","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact Treasury Bills Dollar product, fund legal name and FR001400ODM9. Dynamic numeric placeholders excluded; marketing liquidity guarantee not used to override formal terms.","observedAt":"2026-10-07T10:05:33.518Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T10:05:33.518Z","sourceClass":"T2","sourceUrl":"https://www.spiko.io/spiko-treasury-bills-dollar"},{"artifactHash":"29682a82a208075cb253bbc48df01415da1aee1747f1cbb643567e3884af6071","artifactPath":"work/ratings/2026-10-07-component-restoration/artifacts/29682a82a208075cb253bbc48df01415da1aee1747f1cbb643567e3884af6071","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated official snapshot acquired 2026-10-07T10:07:51.351Z","effectiveAt":null,"id":"ustbl-20261007-r2-ustbl-spiko-news","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Complete visible blog article index, latest item2026-10-06. 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No clock publication deadline/grace or complete holiday semantics.","observedAt":"2026-10-07T11:24:34.639Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:24:34.639Z","sourceClass":"T2","sourcePurposes":["navCalendar"],"sourceUrl":"https://docs.spiko.io/documentation/tokenization/nav/"},{"artifactHash":"2a61092c1b5d5e8ffa33b0ff7ed16478433ac5c63417b1f7993ea896fe1387e5","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/artifacts/2a61092c1b5d5e8ffa33b0ff7ed16478433ac5c63417b1f7993ea896fe1387e5","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated current official snapshot; no publication time asserted; acquired 2026-10-07T11:23:04.583Z","effectiveAt":null,"id":"ustbl-20261007-completion-order-lifecycle","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Daily execution business days; USTBL11:30Paris cutoff, execution4PM-8PMParis; execution window is not a disclosed NAV publication deadline. KnownNAV exception described forEUTBL excluded.","observedAt":"2026-10-07T11:23:04.583Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:23:04.583Z","sourceClass":"T2","sourcePurposes":["navCalendar"],"sourceUrl":"https://docs.spiko.io/embedded/distributor_api_recipes/order_lifecycle/"},{"artifactHash":"bbf7c6faade79208d9c82d6486e920b94f85fce05adcc143ebdab7f78a5c3753","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/artifacts/bbf7c6faade79208d9c82d6486e920b94f85fce05adcc143ebdab7f78a5c3753","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated current official snapshot; no publication time asserted; acquired 2026-10-07T11:23:02.736Z","effectiveAt":null,"id":"ustbl-20261007-completion-api-shareclass","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact USTBL, FR001400ODM9 and fundId; eighttokens Ethereum,Polygon,Starknet,Arbitrum,Etherlink,Base,Stellar,Solana map to Septprospectus. No implementation, dependency, permissions or deduplication verification inferred.","observedAt":"2026-10-07T11:23:02.736Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:23:02.736Z","sourceClass":"T2","sourceUrl":"https://public-api.spiko.io/v0/share-classes/USTBL"},{"artifactHash":"332185631d83e2940d318d5287f6ef6c155ba4e646e08d3c6ecbe8ed57f02fc7","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/artifacts/332185631d83e2940d318d5287f6ef6c155ba4e646e08d3c6ecbe8ed57f02fc7","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated current official snapshot; no publication time asserted; acquired 2026-10-07T11:24:34.479Z","effectiveAt":null,"id":"ustbl-20261007-completion-addresses-docs","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact USTBL tabletoken addresses plus PermissionManager/RedemptionManager/Minter and audit links acrossEVM,Starknet,Stellar; Solana audit listed but no equivalentSolana address row. Current configuration/current audit applicability not examined.","observedAt":"2026-10-07T11:24:34.479Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:24:34.479Z","sourceClass":"T2","sourceUrl":"https://docs.spiko.io/documentation/tokenization/addresses/"},{"artifactHash":"9eff503b15f5ffb95ff1579163a6bacb3527615f81a8799f3de1d969a27b5fea","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/artifacts/9eff503b15f5ffb95ff1579163a6bacb3527615f81a8799f3de1d969a27b5fea","assetId":"ustbl","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Undated current official snapshot; no publication time asserted; acquired 2026-10-07T11:24:34.631Z","effectiveAt":null,"id":"ustbl-20261007-completion-transfers-docs","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Operational token transfer summary. Listed networks omitSolana although current exactAPI/prospectus include it; broader addresses/configuration and supply scope remains pending. Formal rights rely onbindingprospectus/Terms.","observedAt":"2026-10-07T11:24:34.631Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:24:34.631Z","sourceClass":"T2","sourceUrl":"https://docs.spiko.io/documentation/tokenization/transfers/"},{"artifactHash":"0b41fbe0338b539370c989dd259d82cceb208917de9f0aa44830a6d5cbec5f18","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/legalVersion-check.json","assetId":"ustbl","attestations":[],"authority":"independent","check":{"acquisitions":[{"evidenceId":"ustbl-20261007-completion-legal-index","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-manager-product","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-help-terms-json","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-help-terms-fr-json","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-help-legal-section-json","purpose":"versionDiscovery"}],"blocks":[],"evidenceIds":["ustbl-20261007-r2-source-9","ustbl-20261007-r2-ustbl-manager-prospectus-fr","ustbl-20261007-r2-source-11","ustbl-20261007-r2-ustbl-kid","ustbl-20261007-completion-prospectus-en","ustbl-20261007-completion-prospectus-fr","ustbl-20261007-completion-kid","ustbl-20261007-completion-platform-terms-pdf","ustbl-20261007-completion-platform-terms-fr-pdf","ustbl-20261007-completion-legal-index","ustbl-20261007-completion-manager-product","ustbl-20261007-completion-help-terms-json","ustbl-20261007-completion-help-terms-fr-json","ustbl-20261007-completion-help-legal-section-json"],"family":"legalVersion","result":"success"},"deployments":[],"documentVersion":"Preparer check2026-10-07T11:32:46.195Z","effectiveAt":null,"id":"ustbl-20261007-completion-legalVersion-check","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Expanded legal-source discovery for C2, C3 and C10: exact English and French September2026 prospectuses, October2025 USD KID, and English and governing French Terms2.2 are currently linked. Gate and dealing-timing discrepancies remain explicit. No unpublished-notice coverage or legal supersession merely by date is asserted. New observation is necessary because the Terms are new selected binding evidence; original wrappers are unchanged.","observedAt":"2026-10-07T11:32:46.195Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:32:46.195Z","sourceClass":"T2","sourceUrl":"https://docs.spiko.io/documentation/product_overview/tbills/legal_documentation/"},{"artifactHash":"f768de5fabeb44e0eed53fdff7390e9df18096c4f19f657715e26f9cb0953098","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/legal-check.json","assetId":"ustbl","attestations":[],"authority":"independent","check":{"blocks":[],"evidenceIds":["ustbl-20261007-r2-source-9","ustbl-20261007-r2-ustbl-manager-prospectus-fr","ustbl-20261007-r2-source-11","ustbl-20261007-r2-ustbl-kid","ustbl-20261007-completion-prospectus-en","ustbl-20261007-completion-prospectus-fr","ustbl-20261007-completion-kid","ustbl-20261007-completion-platform-terms-pdf","ustbl-20261007-completion-platform-terms-fr-pdf"],"family":"legal","result":"success"},"deployments":[],"documentVersion":"Preparer check2026-10-07T11:32:46.195Z","effectiveAt":null,"id":"ustbl-20261007-completion-legal-check","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Expanded formal applicability for directly registered share rights, segregation disclosures, French corporate and platform dispute paths, and partly public transfer and correction policies. Full insolvency priority, cross-border enforcement, position-freeze policy and every error-correction path remain incomplete. Terms apply to Spiko Finance customers and the French version prevails. Customer-specific acceptance is not established. The original C1 category is retained; deployment facts are not renewed.","observedAt":"2026-10-07T11:32:46.195Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:32:46.195Z","sourceClass":"T2","sourceUrl":"https://docs.spiko.io/documentation/product_overview/tbills/legal_documentation/"},{"artifactHash":"9e07c3409c05be39ebdca51253123f76f3f63f15c335b0bf83f9f8676ab95a99","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/rolesVersion-check.json","assetId":"ustbl","attestations":[],"authority":"independent","check":{"acquisitions":[{"evidenceId":"ustbl-20261007-completion-legal-index","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-manager-product","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-geco-manager-search","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-geco-product","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-regafi-spiko-api","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-regafi-caceis-api","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-caceis-casp-correct","purpose":"versionDiscovery"},{"evidenceId":"ustbl-20261007-completion-orias","purpose":"versionDiscovery"}],"blocks":[],"evidenceIds":["ustbl-20261007-completion-prospectus-en","ustbl-20261007-completion-prospectus-fr","ustbl-20261007-completion-geco-manager-search","ustbl-20261007-completion-geco-manager-detail","ustbl-20261007-completion-geco-product","ustbl-20261007-completion-geco-shares","ustbl-20261007-completion-regafi-spiko-api","ustbl-20261007-completion-regafi-caceis-api","ustbl-20261007-completion-caceis-casp-correct","ustbl-20261007-completion-orias","ustbl-20261007-completion-legal-index","ustbl-20261007-completion-manager-product"],"family":"rolesVersion","result":"success"},"deployments":[],"documentVersion":"Preparer check2026-10-07T11:32:46.195Z","effectiveAt":null,"id":"ustbl-20261007-completion-rolesVersion-check","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"C5 role-capability source-version check only: current published appointments are matched to the September prospectus and exact current regulator records. This is not a completed supplier review or C4 qualification-requirements assessment. Administrator and auditor qualification applicability, and the unnamed optional electronic-money intermediary, remain researchUnresolved.","observedAt":"2026-10-07T11:32:46.195Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:32:46.195Z","sourceClass":"T2","sourceUrl":"https://docs.spiko.io/documentation/product_overview/tbills/legal_documentation/"},{"artifactHash":"4505ea8372436e22d4404263dacb302471e08c8fd671ee5f0ef2cae532079880","artifactPath":"work/ratings/2026-10-07-asset-completion/ustbl/roles-check.json","assetId":"ustbl","attestations":[],"authority":"independent","check":{"blocks":[],"evidenceIds":["ustbl-20261007-completion-prospectus-en","ustbl-20261007-completion-prospectus-fr","ustbl-20261007-completion-geco-manager-search","ustbl-20261007-completion-geco-manager-detail","ustbl-20261007-completion-geco-product","ustbl-20261007-completion-geco-shares","ustbl-20261007-completion-regafi-spiko-api","ustbl-20261007-completion-regafi-caceis-api","ustbl-20261007-completion-caceis-casp-correct","ustbl-20261007-completion-orias"],"family":"roles","result":"success"},"deployments":[],"documentVersion":"Preparer check2026-10-07T11:32:46.195Z","effectiveAt":null,"id":"ustbl-20261007-completion-roles-check","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"C5 published role-capability applicability checked: Twenty First Capital management, independent CACEIS custody and cash monitoring, CACEIS Fund Administration accounting and administration, and PwC Audit statutory audit. Spiko Finance register, transfer, clearing and distribution concentration and2024 product history remain explicit. The C4 qualification review is incomplete; this check grants no C4 score and does not claim every supplier or licence was examined.","observedAt":"2026-10-07T11:32:46.195Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T11:32:46.195Z","sourceClass":"T2","sourceUrl":"https://docs.spiko.io/documentation/product_overview/tbills/legal_documentation/"},{"artifactHash":"3e0bf4c175422a4229d424d4f8dd9afef5a1690dfabf56d9f731d6b5638b5c8c","artifactPath":"work/ratings/2026-10-07-asset-completion/jltxx/artifacts/3e0bf4c175422a4229d424d4f8dd9afef5a1690dfabf56d9f731d6b5638b5c8c","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Undated current source observed at actual acquisition; not a claimed publication date","effectiveAt":null,"id":"jltxx-20261007-prep-jltxx-submissions","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"SEC CIK1659326 current filing index: exact August17 amended prospectus and October1 497/497K supplement; current latest N-MFPSeptember8 reportsAugust31.","observedAt":"2026-10-07T11:35:18.185Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:35:18.185Z","sourceClass":"T1","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"artifactHash":"68b74a94f63f8e5ffd882bf167162ab3c3d9e34c7b79884d47bc3f514736c6cd","artifactPath":"work/ratings/2026-10-07-asset-completion/jltxx/artifacts/68b74a94f63f8e5ffd882bf167162ab3c3d9e34c7b79884d47bc3f514736c6cd","assetId":"jltxx","attestations":["legalIdentity"],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original date 2026-08-17; date-only normalized00:00UTC for schema; no original time asserted","effectiveAt":"2026-08-17T00:00:00.000Z","id":"jltxx-20261007-prep-jltxx-current-prospectus","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Prospectus May13 2026 as supplementedAugust17; Risk/Return UseofBlockchain pp2-3; MoreAboutFund pp7-16; Managementp17; AccountWorks pp19-28.","observedAt":"2026-08-17T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:35:18.079Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"artifactHash":"8b8af1858b3badfe0e91743ef75cadd5508e5489bb15361977dbca4f46f9dd90","artifactPath":"work/ratings/2026-10-07-asset-completion/jltxx/artifacts/8b8af1858b3badfe0e91743ef75cadd5508e5489bb15361977dbca4f46f9dd90","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original date 2026-05-12; date-only normalized00:00UTC for schema; no original time asserted","effectiveAt":"2026-05-13T00:00:00.000Z","id":"jltxx-20261007-prep-jltxx-initial-485","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"485BPOS filedMay12, effectiveMay13; exact Token Class prospectus and SAI PartI pp1, investmentpolicy and fees; SAI PartII custody p136, TA p137, accountant and generalinformation pp140-143; PartC Item28 incorporates attached amendedMay7 declaration/bylaws.","observedAt":"2026-05-12T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:35:18.640Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"artifactHash":"cd1c71214cd753f8ec31346cdb2b77e85a4ba241f3c25ce467558661c4684f7c","artifactPath":"work/ratings/2026-10-07-asset-completion/jltxx/artifacts/cd1c71214cd753f8ec31346cdb2b77e85a4ba241f3c25ce467558661c4684f7c","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original date 2026-10-01; date-only normalized00:00UTC for schema; no original time asserted","effectiveAt":"2026-10-01T00:00:00.000Z","id":"jltxx-20261007-prep-jltxx-oct01-supplement","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"497K supplement datedOctober1 effectiveimmediately. AddsSolana, updates register and allowlist language, website burnaddress, explicitly no interoperability currently.","observedAt":"2026-10-01T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:35:18.320Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410016/d172947d497k.htm"},{"artifactHash":"15371ae3f5b55466d46ebf0eee6e592352989bc593ebe535402d7f8f7de31671","artifactPath":"work/ratings/2026-10-07-asset-completion/jltxx/artifacts/15371ae3f5b55466d46ebf0eee6e592352989bc593ebe535402d7f8f7de31671","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original date 2026-10-01; date-only normalized00:00UTC for schema; no original time asserted","effectiveAt":"2026-10-01T00:00:00.000Z","id":"jltxx-20261007-prep-jltxx-oct01-formal","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"497 full supplement datedOctober1, same current Token Class update as497K.","observedAt":"2026-10-01T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:38:33.425Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"artifactHash":"5bbe82f7e86acf106a2bb0c5201093b0e45c8aa7947267b7bad209aec444fc17","artifactPath":"work/ratings/2026-10-07-asset-completion/jltxx/artifacts/5bbe82f7e86acf106a2bb0c5201093b0e45c8aa7947267b7bad209aec444fc17","assetId":"jltxx","attestations":["legalIdentity"],"authority":"regulator","deployments":[],"documentVersion":"Undated current source observed at actual acquisition; not a claimed publication date","effectiveAt":null,"id":"jltxx-20261007-prep-jltxx-active-classes","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Current active SEC series/class table: S000101820 JPMorgan OnChain Liquidity-Token Money Market Fund, C000272118 Token Class JLTXX.","observedAt":"2026-10-07T11:35:19.011Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:35:19.011Z","sourceClass":"T1","sourceUrl":"https://www.edgarcompany.sec.gov/servlet/CompanyDBSearch?cik=0001659326&main_back=25&page=detailed"},{"artifactHash":"685bc60c088ed8b1cd93577c269013eff37a504c1781c39d3bc2fb8acb5eb8ce","artifactPath":"work/ratings/2026-10-07-asset-completion/jltxx/artifacts/685bc60c088ed8b1cd93577c269013eff37a504c1781c39d3bc2fb8acb5eb8ce","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original date 2026-05-12; date-only normalized00:00UTC for schema; no original time asserted","effectiveAt":"2026-05-07T00:00:00.000Z","id":"jltxx-20261007-prep-jltxx-trust","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Declaration header and May12 PartC identify amended/restatedMay7 2026. ArticleIII ss1-3,6 share/register/segregation; ArticleVIII ss2-4 derivative,forum,windup; s8 Delawarelaw. Body preamble retains [ ]2025 drafting placeholder, but execution page25 expressly states trustees executed asofMay7 2026 and includes /s/ signatures; cover and current PartC agree. 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Paris-domiciled fund context; not an exhaustive assertion about all local overseas exceptions.","observedAt":"2026-10-07T12:31:25.510Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T12:31:25.510Z","sourceClass":"T2","sourcePurposes":[],"sourceUrl":"https://www.service-public.gouv.fr/particuliers/vosdroits/F2405"},{"artifactHash":"79602f7be5a8f1d39c2b1cac4dd02c4c07f18cf9f92d70602834069154719bad","artifactPath":"work/ratings/2026-10-07-feasibility/nav/artifacts/79602f7be5a8f1d39c2b1cac4dd02c4c07f18cf9f92d70602834069154719bad","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Official 2026 calendar acquired 2026-10-07T12:31:25.866Z","effectiveAt":null,"id":"ustbl-20261007-bounded-nav-nyse-calendar","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"NYSE official 2026 holiday table and early-close notes, text lines22–72: no full or partial scheduled closure Oct6–9.","observedAt":"2026-10-07T12:31:25.866Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-07T12:31:25.866Z","sourceClass":"T2","sourcePurposes":[],"sourceUrl":"https://www.nyse.com/trade/hours-calendars"},{"artifactHash":"92209897a731c53d58f6dd32ae20e69c38b8be7e7d86064c94ec4d4675a9aa75","artifactPath":"work/ratings/2026-10-07-feasibility/nav/artifacts/92209897a731c53d58f6dd32ae20e69c38b8be7e7d86064c94ec4d4675a9aa75","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Official 2026 calendar acquired 2026-10-07T12:31:27.243Z","effectiveAt":null,"id":"ustbl-20261007-bounded-nav-euronext-calendar","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Euronext 2026 Cash and Derivatives market holiday table, Paris column: open Monday to Friday except listed closures; no partial/full Paris closure Oct6–9. 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Proposed current registered status is based on exact formal SEC filings and fresh discovery index, not an independent affirmative regulator certificate or a claim of no enforcement; independent reviewer must accept the stated qualification standard.","observedAt":"2025-12-31T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-07T11:53:05.764Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/353291/000035329126000002/primary_doc.xml"},{"artifactHash":"457bbd350ff82be11cb95a562fbd9463532ed0c80d55b32d4e9f024dbb1109ab","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/457bbd350ff82be11cb95a562fbd9463532ed0c80d55b32d4e9f024dbb1109ab","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"benji-20261007-c4feas-sec-transfer-agents","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"TA-1/A headerData/filerInfo/filer/fileNumber; formData/registrant/regulatoryAgency and entityName; TA-1/A disciplinaryHistory authorizationDeniedOrSuspended and registrationDeniedOrSuspended and federal/state/self-regulatory license-denial fields; SEC index filings.recent; no TA-W in retrieved index, no historical index files referenced. Proposed current registered status is based on exact formal SEC filings and fresh discovery index, not an independent affirmative regulator certificate or a claim of no enforcement; independent reviewer must accept the stated qualification standard.","observedAt":"2026-10-07T11:57:32.446Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-07T11:57:32.446Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"artifactHash":"457bbd350ff82be11cb95a562fbd9463532ed0c80d55b32d4e9f024dbb1109ab","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/457bbd350ff82be11cb95a562fbd9463532ed0c80d55b32d4e9f024dbb1109ab","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"jltxx-20261007-c4feas-sec-transfer-agents","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"TA-1/A headerData/filerInfo/filer/fileNumber; formData/registrant/regulatoryAgency and entityName; TA-1/A disciplinaryHistory authorizationDeniedOrSuspended and registrationDeniedOrSuspended and federal/state/self-regulatory license-denial fields; SEC index filings.recent; no TA-W in retrieved index, no historical index files referenced. Proposed current registered status is based on exact formal SEC filings and fresh discovery index, not an independent affirmative regulator certificate or a claim of no enforcement; independent reviewer must accept the stated qualification standard.","observedAt":"2026-10-07T11:57:32.446Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:57:32.446Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"artifactHash":"95174a05b91957d06e5ae7be56b9af538416531c825d6be6829fd3ea5a5bcb93","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/95174a05b91957d06e5ae7be56b9af538416531c825d6be6829fd3ea5a5bcb93","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"jltxx-20261007-c4feas-ssc-index","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"TA-1/A headerData/filerInfo/filer/fileNumber; formData/registrant/regulatoryAgency and entityName; TA-1/A disciplinaryHistory qualification denial/suspension/revocation fields; SEC filings.recent. Same as-filed and discovered-index limitation as FTIS; no full enforcement clearance or technical subcontractor assurance.","observedAt":"2026-10-07T11:52:06.571Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:52:06.571Z","sourceClass":"T1","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"artifactHash":"7f1c58e3e22e700110e0a3497ae32368f10c1cdbcddc0e3ab139a818ae0941c3","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/7f1c58e3e22e700110e0a3497ae32368f10c1cdbcddc0e3ab139a818ae0941c3","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Original filing date 2026-06-30; date-only normalized00:00UTC; no original time asserted. Signed dates and separate effective facts retained in frozen c4-followup/role-findings.json.","effectiveAt":null,"id":"jltxx-20261007-c4feas-ssc-jun-ta1","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"TA-1/A headerData/filerInfo/filer/fileNumber; formData/registrant/regulatoryAgency and entityName; TA-1/A disciplinaryHistory qualification denial/suspension/revocation fields; SEC filings.recent. Same as-filed and discovered-index limitation as FTIS; no full enforcement clearance or technical subcontractor assurance.","observedAt":"2026-06-30T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:53:05.586Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"artifactHash":"d9cf8032e2ef4e94e95d9321905ef35d32052f63c17801f9f80ea67221530442","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/d9cf8032e2ef4e94e95d9321905ef35d32052f63c17801f9f80ea67221530442","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Original filing date 2026-04-20; date-only normalized00:00UTC; no original time asserted. Signed dates and separate effective facts retained in frozen c4-followup/role-findings.json.","effectiveAt":null,"id":"jltxx-20261007-c4feas-ssc-apr-ta1","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"TA-1/A headerData/filerInfo/filer/fileNumber; formData/registrant/regulatoryAgency and entityName; TA-1/A disciplinaryHistory qualification denial/suspension/revocation fields; SEC filings.recent. Same as-filed and discovered-index limitation as FTIS; no full enforcement clearance or technical subcontractor assurance.","observedAt":"2026-04-20T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:53:05.998Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"artifactHash":"12235624098a6833f4201252df4e256f23c7fa0c56e3058ea0fb7c91edd9797b","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/12235624098a6833f4201252df4e256f23c7fa0c56e3058ea0fb7c91edd9797b","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Original filing date 2025-12-31; date-only normalized00:00UTC; no original time asserted. Annual report period2025-12-31; FTIS filed2026-03-20 orSS&Cfiled2026-03-27, no current operatingperiod inferred.","effectiveAt":null,"id":"jltxx-20261007-c4feas-ssc-2026-ta2","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"TA-1/A headerData/filerInfo/filer/fileNumber; formData/registrant/regulatoryAgency and entityName; TA-1/A disciplinaryHistory qualification denial/suspension/revocation fields; SEC filings.recent. Same as-filed and discovered-index limitation as FTIS; no full enforcement clearance or technical subcontractor assurance.","observedAt":"2025-12-31T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:53:06.101Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"artifactHash":"ef711a6de078607074303869e557b2d66f5b31d094d2c18d41fdb66dfbe3f476","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/ef711a6de078607074303869e557b2d66f5b31d094d2c18d41fdb66dfbe3f476","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"benji-20261007-c4feas-jpm-bank-fdic","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"FDIC data[0].data.NAME/CERT/ACTIVE/INACTIVE/CHRTAGNT/REGAGNT/FEDCHRTR/TRUST; FDIC YAML properties.TRUST description:10=Full Trust Powers Granted; Government ICA compilation sections2(a)(5),17(f)(1)(A),26(a)(1), PDFpages3–4,55–56,70 (section locators control). FDIC observation is from the October2 index retrievedOctober7; earlier institutional change and June30 financial dates stay separate. Fund shares are not FDIC insured by this finding. Government statute compilation is amended through2025-07-18 and declares it is not an official codified statute; all-current custody legal-condition completeness is not certified.","observedAt":"2026-10-07T11:52:08.423Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-07T11:52:08.423Z","sourceClass":"T1","sourceUrl":"https://api.fdic.gov/banks/institutions?filters=CERT%3A628&format=json&limit=10"},{"artifactHash":"ef711a6de078607074303869e557b2d66f5b31d094d2c18d41fdb66dfbe3f476","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/ef711a6de078607074303869e557b2d66f5b31d094d2c18d41fdb66dfbe3f476","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"jltxx-20261007-c4feas-jpm-bank-fdic","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"FDIC data[0].data.NAME/CERT/ACTIVE/INACTIVE/CHRTAGNT/REGAGNT/FEDCHRTR/TRUST; FDIC YAML properties.TRUST description:10=Full Trust Powers Granted; Government ICA compilation sections2(a)(5),17(f)(1)(A),26(a)(1), PDFpages3–4,55–56,70 (section locators control). FDIC observation is from the October2 index retrievedOctober7; earlier institutional change and June30 financial dates stay separate. Fund shares are not FDIC insured by this finding. Government statute compilation is amended through2025-07-18 and declares it is not an official codified statute; all-current custody legal-condition completeness is not certified.","observedAt":"2026-10-07T11:52:08.423Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:52:08.423Z","sourceClass":"T1","sourceUrl":"https://api.fdic.gov/banks/institutions?filters=CERT%3A628&format=json&limit=10"},{"artifactHash":"6ed1763c66a9e240904a45712b23d825c0f31beaadb6cd0213fc1bf00b2af1b9","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/6ed1763c66a9e240904a45712b23d825c0f31beaadb6cd0213fc1bf00b2af1b9","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"benji-20261007-c4feas-fdic-institution-properties","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"FDIC data[0].data.NAME/CERT/ACTIVE/INACTIVE/CHRTAGNT/REGAGNT/FEDCHRTR/TRUST; FDIC YAML properties.TRUST description:10=Full Trust Powers Granted; Government ICA compilation sections2(a)(5),17(f)(1)(A),26(a)(1), PDFpages3–4,55–56,70 (section locators control). FDIC observation is from the October2 index retrievedOctober7; earlier institutional change and June30 financial dates stay separate. Fund shares are not FDIC insured by this finding. Government statute compilation is amended through2025-07-18 and declares it is not an official codified statute; all-current custody legal-condition completeness is not certified.","observedAt":"2026-10-07T11:57:33.067Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-07T11:57:33.067Z","sourceClass":"T1","sourceUrl":"https://api.fdic.gov/banks/docs/institution_properties.yaml"},{"artifactHash":"6ed1763c66a9e240904a45712b23d825c0f31beaadb6cd0213fc1bf00b2af1b9","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/6ed1763c66a9e240904a45712b23d825c0f31beaadb6cd0213fc1bf00b2af1b9","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"jltxx-20261007-c4feas-fdic-institution-properties","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"FDIC data[0].data.NAME/CERT/ACTIVE/INACTIVE/CHRTAGNT/REGAGNT/FEDCHRTR/TRUST; FDIC YAML properties.TRUST description:10=Full Trust Powers Granted; Government ICA compilation sections2(a)(5),17(f)(1)(A),26(a)(1), PDFpages3–4,55–56,70 (section locators control). FDIC observation is from the October2 index retrievedOctober7; earlier institutional change and June30 financial dates stay separate. Fund shares are not FDIC insured by this finding. Government statute compilation is amended through2025-07-18 and declares it is not an official codified statute; all-current custody legal-condition completeness is not certified.","observedAt":"2026-10-07T11:57:33.067Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:57:33.067Z","sourceClass":"T1","sourceUrl":"https://api.fdic.gov/banks/docs/institution_properties.yaml"},{"artifactHash":"b8867c299a2d43e427999599efe7a90075765a4b2b97a29d6190a97214ae199a","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/b8867c299a2d43e427999599efe7a90075765a4b2b97a29d6190a97214ae199a","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"benji-20261007-c4feas-pwc-browser-registration","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"PCAOB rendered firm header:PricewaterhouseCoopers LLP (238), Registration Status Currently Registered, Registration Date10/20/2003; Form3 PartI Item1.1 exact legal name; Form3 PartVI Item6.2, physicalPDFpages9–10, printedpage10/14: Nebraska Board of Accountancy, license26-71647 replacing69052 effective7/1/2026. Browser registration capture is rendered DOM text, hash is of the exact saved observation JSON, not raw HTTP bytes. Downloaded Form3 is exact PDF bytes. Nebraska item is the firm’s filed report, not a fresh state-registry certificate. No universal state-license, independence, engagement-specific opinion or incident-free assertion.","observedAt":"2026-10-07T11:57:50.697Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-07T11:57:50.697Z","sourceClass":"T1","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"artifactHash":"b8867c299a2d43e427999599efe7a90075765a4b2b97a29d6190a97214ae199a","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/b8867c299a2d43e427999599efe7a90075765a4b2b97a29d6190a97214ae199a","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Preserved prior acquisition and original fact dates, see frozen c4-followup/role-findings.json; no fresh retrieval claimed","effectiveAt":null,"id":"jltxx-20261007-c4feas-pwc-browser-registration","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"PCAOB rendered firm header:PricewaterhouseCoopers LLP (238), Registration Status Currently Registered, Registration Date10/20/2003; Form3 PartI Item1.1 exact legal name; Form3 PartVI Item6.2, physicalPDFpages9–10, printedpage10/14: Nebraska Board of Accountancy, license26-71647 replacing69052 effective7/1/2026. Browser registration capture is rendered DOM text, hash is of the exact saved observation JSON, not raw HTTP bytes. Downloaded Form3 is exact PDF bytes. Nebraska item is the firm’s filed report, not a fresh state-registry certificate. No universal state-license, independence, engagement-specific opinion or incident-free assertion.","observedAt":"2026-10-07T11:57:50.697Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:57:50.697Z","sourceClass":"T1","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"artifactHash":"9377d108ec65060cfb1cd1205f70b76f5af429d594c591b092b3af98e695e9e7","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/9377d108ec65060cfb1cd1205f70b76f5af429d594c591b092b3af98e695e9e7","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Original filing date 2026-07-27; date-only normalized00:00UTC; no original time asserted. Signed dates and separate effective facts retained in frozen c4-followup/role-findings.json. ReportedNebraska licenseeffective2026-07-01; not freshstate-registry certificate.","effectiveAt":null,"id":"benji-20261007-c4feas-pwc-2026-licenses-form3","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"PCAOB rendered firm header:PricewaterhouseCoopers LLP (238), Registration Status Currently Registered, Registration Date10/20/2003; Form3 PartI Item1.1 exact legal name; Form3 PartVI Item6.2, physicalPDFpages9–10, printedpage10/14: Nebraska Board of Accountancy, license26-71647 replacing69052 effective7/1/2026. Browser registration capture is rendered DOM text, hash is of the exact saved observation JSON, not raw HTTP bytes. Downloaded Form3 is exact PDF bytes. Nebraska item is the firm’s filed report, not a fresh state-registry certificate. No universal state-license, independence, engagement-specific opinion or incident-free assertion.","observedAt":"2026-07-27T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-07T11:58:32.471Z","sourceClass":"T1","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"artifactHash":"9377d108ec65060cfb1cd1205f70b76f5af429d594c591b092b3af98e695e9e7","artifactPath":"work/ratings/2026-10-07-asset-completion/c4-followup/artifacts/9377d108ec65060cfb1cd1205f70b76f5af429d594c591b092b3af98e695e9e7","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Original filing date 2026-07-27; date-only normalized00:00UTC; no original time asserted. Signed dates and separate effective facts retained in frozen c4-followup/role-findings.json. ReportedNebraska licenseeffective2026-07-01; not freshstate-registry certificate.","effectiveAt":null,"id":"jltxx-20261007-c4feas-pwc-2026-licenses-form3","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"PCAOB rendered firm header:PricewaterhouseCoopers LLP (238), Registration Status Currently Registered, Registration Date10/20/2003; Form3 PartI Item1.1 exact legal name; Form3 PartVI Item6.2, physicalPDFpages9–10, printedpage10/14: Nebraska Board of Accountancy, license26-71647 replacing69052 effective7/1/2026. Browser registration capture is rendered DOM text, hash is of the exact saved observation JSON, not raw HTTP bytes. Downloaded Form3 is exact PDF bytes. Nebraska item is the firm’s filed report, not a fresh state-registry certificate. No universal state-license, independence, engagement-specific opinion or incident-free assertion.","observedAt":"2026-07-27T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-07T11:58:32.471Z","sourceClass":"T1","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"artifactHash":"e91cfe62e169c3ef160b5f03d296ac58be3c68ac743d1bbc66fb9382643fc645","artifactPath":"work/ratings/2026-10-07-feasibility/c4/jltxx-check-roles.json","assetId":"jltxx","attestations":[],"authority":"independent","check":{"blocks":[],"evidenceIds":["jltxx-20261007-prep-jltxx-manager-browser","jltxx-20261007-prep-jltxx-submissions","jltxx-20261007-prep-jltxx-ta-index","jltxx-20261007-c4feas-jpm-bank-fdic","jltxx-20261007-c4feas-fdic-institution-properties","jltxx-20261007-prep-jltxx-initial-485","jltxx-20261007-c4feas-ssc-index","jltxx-20261007-c4feas-ssc-jun-ta1","jltxx-20261007-c4feas-ssc-apr-ta1","jltxx-20261007-c4feas-ssc-2026-ta2","jltxx-20261007-c4feas-sec-transfer-agents","jltxx-20261007-c4feas-jltxx-distributor-browser","jltxx-20261007-c4feas-pwc-browser-registration","jltxx-20261007-c4feas-pwc-2026-licenses-form3","jltxx-20261007-c4feas-jltxx-admin-base","jltxx-20261007-c4feas-jltxx-admin-feb2023","jltxx-20261007-c4feas-jltxx-admin-aug2023","jltxx-20261007-c4feas-jltxx-admin-feb2026","jltxx-20261007-c4feas-current-recordkeeping-rule-browser","jltxx-20261007-c4feas-current-valuation-rule-browser","jltxx-20261007-c4feas-code-adviser-definition","jltxx-20261007-c4feas-code-adviser-registration","jltxx-20261007-c4feas-code-bank-powers","jltxx-20261007-c4feas-jltxx-bank-accounting-base","jltxx-20261007-c4feas-jltxx-bank-accounting-dec2025","jltxx-20261007-c4feas-jltxx-bank-accounting-feb2026","jltxx-20261007-c4feas-occ-current-handbook-index","jltxx-20261007-c4feas-occ-current-asset-management","jltxx-20261007-prep-jltxx-current-prospectus","jltxx-20261007-prep-jltxx-oct01-formal"],"family":"roles","result":"success"},"deployments":[],"documentVersion":"C4function-regimepreparercheckOctober7","effectiveAt":"2026-10-07T12:48:57.299Z","id":"jltxx-20261007-c4feas-check-roles","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"ImmutableC4preparer roles appraisal; 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No present all-law completeness claim."},"sourceClass":"T1","sourceUrl":"https://www.govinfo.gov/link/uscode/15/80b-3"},{"artifactHash":"79d318e5733f7e9412b722e22e59a1d624de1cd39daeb541d0d45bed9f794a28","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/79d318e5733f7e9412b722e22e59a1d624de1cd39daeb541d0d45bed9f794a28","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Official2024 Code edition; current retrieval of historical baseline, no 2026 currency attestation","effectiveAt":null,"id":"jltxx-20261009-i8-c4-code-bank-powers","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"12 USC 24(Seventh), official 2024 edition, national-bank incidental powers.","observedAt":"2026-10-07T12:28:51.002Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:38:58.810Z","roleSource":{"statement":"The historical text grants incidental powers necessary to carry on banking subject to law. This is a baseline, not proof of all custody conditions."},"sourceClass":"T1","sourceUrl":"https://www.govinfo.gov/link/uscode/12/24"},{"artifactHash":"69da4665f57fd313acbc2609dd57af8a0e5991197eff471a5e9d8be16346ceed","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/rule-rendered.json","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Current visible rule text; displayed title currency2026-10-07, last amended2026-10-06; browser observation, not raw HTTP bytes","effectiveAt":null,"id":"jltxx-20261009-i8-c4-current-recordkeeping-rule-browser","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Rendered text: Title 17 currency 10/07/2026, last amended 10/06/2026; section270.31a-3(a)-(b).","observedAt":"2026-10-09T04:41:52.366Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:41:52.366Z","roleSource":{"statement":"Current eCFR rendered observation displays Title 17 currency 2026-10-07, last amended 2026-10-06, and unchanged 17 CFR 270.31a-3(a)-(b) written-agreement requirements. 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This schema is not an entity status response."},"sourceClass":"T1","sourceUrl":"https://api.fdic.gov/banks/docs/institution_properties.yaml"},{"artifactHash":"756d3a6fcefb52bfcbc877846960c7bf0767e7ed23b5b58002724c6c95681449","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/756d3a6fcefb52bfcbc877846960c7bf0767e7ed23b5b58002724c6c95681449","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original document date 2023-08-10; date-only normalized00:00UTC; no exact original time claimed","effectiveAt":"2023-08-10T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-admin-aug2023","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Amendment opening dated August 10, 2023; JPMorgan Investment Management, Inc. and Trust IV signatures; Schedule A.","observedAt":"2023-08-10T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:40:52.585Z","roleSource":{"statement":"Signed amendment identifies JPMorgan Investment Management, Inc. and Trust IV, continuing the amended February 19, 2005 agreement."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"artifactHash":"49fa51f6516884bcb3669a966724a0677d0fc3d53bec35dadf4f52379d74cf24","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/49fa51f6516884bcb3669a966724a0677d0fc3d53bec35dadf4f52379d74cf24","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original document date 2005-02-19; date-only normalized00:00UTC; no exact original time claimed","effectiveAt":"2005-02-19T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-admin-base","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Administration Agreement February 19, 2005, Article 2 administrative functions including 2(n); Article 3 delegation; Article 11 records.","observedAt":"2005-02-19T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:40:53.117Z","roleSource":{"legalScopes":[{"applicability":"notRequired","exceptionConditions":[],"functions":["Governance and board support","Records and filings","Financial statements, tax and distribution calculations","Service-provider supervision"],"jurisdiction":"United States federal","regulatedActivity":"Routine disclosed administration and outsourced record support","requirementKey":"routine-administration-separate-registration","roleKey":"administrator","statement":"Reviewed bounded applicability judgment from the literal source statements and selected source chain: Within the reviewed actual functions and federal public-role framework, no separate administrator-only registration trigger was identified; this is not a universal exemption or continuous records-compliance finding. This is not a literal statutory certification or a universal legal opinion."}],"statement":"Article 2 states governance, filings, financial statements, taxes, distribution calculations and provider oversight; 2(n) includes design and investment objectives. Article 3 permits delegation and Article 11 covers records. Base counterparty is JPMorgan Funds Management Inc.; current identity requires the 2023 amendment and 2026 schedule."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"artifactHash":"14920dfc26eb5fbc39602345ca15c2f57d6a0e306c192d2ebcdb01c1711584ba","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/14920dfc26eb5fbc39602345ca15c2f57d6a0e306c192d2ebcdb01c1711584ba","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original document date 2026-02-12; date-only normalized00:00UTC; no exact original time claimed","effectiveAt":"2026-02-12T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-admin-feb2026","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Schedule B amended February 12, 2026, Category 3 exact OnChain fund; JPMIM signature Matthew J. 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Within the reviewed actual functions and federal public-role framework, no separate administrator-only registration trigger was identified; this is not a universal exemption or continuous records-compliance finding.","status":"verifiedNotRequired"}],"statement":"The signed amended schedule names the exact OnChain Liquidity-Token Money Market Fund and JPMIM."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"artifactHash":"67c3419973f1c6fa67e679b77228c6d2298e13250300481e6429185b6b981eda","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/67c3419973f1c6fa67e679b77228c6d2298e13250300481e6429185b6b981eda","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original document date 2022-03-31; date-only normalized00:00UTC; no exact original time claimed","effectiveAt":"2022-03-31T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-bank-accounting-base","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"March 31, 2022 Global Custody and Fund Accounting Agreement §1.1(a), §2.16(a)-(c), Schedule C Fund Accounting Services and Schedule D Money Market Services, JPMIM Pricing Matrix paragraph.","observedAt":"2022-03-31T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:40:58.015Z","roleSource":{"legalScopes":[{"applicability":"notRequired","exceptionConditions":[],"functions":["Non-advisory subadministration","Fund accounting and NAV calculation under manager Pricing Matrix","Custody support"],"jurisdiction":"United States federal","regulatedActivity":"Investment advice by the bank under this contracted role","requirementKey":"bank-advisory-registration-trigger","roleKey":"subadministratorAndFundAccountant","statement":"Reviewed bounded applicability judgment from the literal source statements and selected source chain: Reviewed contract-scoped conclusion: §1.1(a) excludes investment advice; §2.16 and Schedules C and D apply manager-directed accounting and JPMIM Pricing Matrix. 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OCC p.16 addresses the advisory trigger; no universal bank exemption.","status":"verifiedNotRequired"}],"statement":"The bank contract excludes legal, tax and investment advice in §1.1(a); §2.16 sets accounting and NAV duties under customer procedures, Schedule C describes accounting services and Schedule D applies vendor pricing dictated by JPMIM Pricing Matrix. Main §8 is taxation."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"artifactHash":"20df0c6074c1115a7cb7853ca765c37aceea60e0fe0b3b05866369969948cc42","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/20df0c6074c1115a7cb7853ca765c37aceea60e0fe0b3b05866369969948cc42","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original document date 2025-12-01; date-only normalized00:00UTC; no exact original time claimed","effectiveAt":"2025-12-01T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-bank-accounting-dec2025","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Signed amendment dated December 1, 2025, amended schedules and fee terms.","observedAt":"2025-12-01T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:40:59.447Z","roleSource":{"statement":"The signed December 2025 amendment updates custody/accounting terms. It is not a qualification certificate."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"artifactHash":"145a685630e33ac6b77508a761fd044cf76a5efbabdd58569e236a3423f656f9","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/145a685630e33ac6b77508a761fd044cf76a5efbabdd58569e236a3423f656f9","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original document date 2026-02-13; date-only normalized00:00UTC; no exact original time claimed","effectiveAt":"2026-02-13T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Amended Schedule A February 13, 2026, Trust IV and exact OnChain Liquidity-Token Money Market Fund row.","observedAt":"2026-02-13T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:41:00.278Z","roleSource":{"statement":"The exact fund is listed under Trust IV in the current bank agreement schedule."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"artifactHash":"e528d5ab0a92ee2002b70dfb8b437e0e77e715874e0ccb617b954c044c8fa2c2","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/distributor-rendered.json","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Current regulator or issuer rendered DOM observed at actual October 9 capture; source effective/filing dates remain separate; not raw HTTP bytes","effectiveAt":null,"id":"jltxx-20261009-i8-c4-jltxx-distributor-browser","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Archived rendered DOM text: Saved FINRA rendered observation content.identity and content.status, CRD 104234, SEC 8-52700.","observedAt":"2026-10-09T04:40:00.157Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:40:00.157Z","roleSource":{"discovery":{"coverage":["qualifications"],"roleKeys":["distributor"]},"qualifications":[{"conditionsSatisfied":[],"entity":{"identifiers":["CRD 104234","SEC 8-52700"],"legalName":"JPMorgan Distribution Services, Inc."},"jurisdiction":"United States federal","regulatedActivity":"Distribution of fund shares as appointed principal underwriter","requirementKey":"broker-dealer-registration","roleKey":"distributor","statement":"Reviewed status mapping of literal current regulator observation: exact entity has SEC Registration Status Approved. 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No event details or clean-history inference are asserted."},"sourceClass":"T1","sourceUrl":"https://brokercheck.finra.org/firm/summary/104234"},{"artifactHash":"ef711a6de078607074303869e557b2d66f5b31d094d2c18d41fdb66dfbe3f476","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/ef711a6de078607074303869e557b2d66f5b31d094d2c18d41fdb66dfbe3f476","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Undated maintained official source observed at actual October 9 retrieval; dataset dates and original legal/fact dates are distinct","effectiveAt":null,"id":"jltxx-20261009-i8-c4-jpm-bank-fdic","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"FDIC data[0].data.NAME, CERT, FED_RSSD, LEI, ACTIVE, INACTIVE, CHRTAGNT, REGAGNT, FEDCHRTR, TRUST; meta.index.","observedAt":"2026-10-09T04:38:58.929Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:38:58.929Z","roleSource":{"discovery":{"coverage":["qualifications"],"roleKeys":["custodian","subadministratorAndFundAccountant"]},"qualifications":[{"conditionsSatisfied":[],"entity":{"identifiers":["FDIC certificate 628","RSSD 852218","LEI 7H6GLXDRUGQFU57RNE97"],"legalName":"JPMorgan Chase Bank, National Association"},"jurisdiction":"United States federal","regulatedActivity":"Bank custody and trust services for registered investment company","requirementKey":"national-bank-custody-qualification","roleKey":"custodian","statement":"Reviewed status mapping of the literal regulator observation or accepted as-filed chain. 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Any adviser-function element belongs to this same exact SEC-approved legal entity, not merely to an affiliate or brand.","status":"verifiedActive"}],"statement":"Fresh October 9 rendered IAPD text identifies exact JPMIM CRD107038, SEC801-21011 and registration status Approved. Effective date4/4/1984 remains the registration date, not observation or product endorsement."},"sourceClass":"T1","sourceUrl":"https://adviserinfo.sec.gov/firm/summary/107038"},{"artifactHash":"b02badb3d82ec49e1c934503fa8b256f6f2331dd9bf38ef97c9cd922939c29d9","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/b02badb3d82ec49e1c934503fa8b256f6f2331dd9bf38ef97c9cd922939c29d9","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original date 2026-10-01; date-only normalized00:00UTC for schema; no original time asserted","effectiveAt":"2026-10-01T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-oct01-formal","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"October 1, 2026 supplement heading, Trust IV exact fund Token Class and Use of Blockchain replacement.","observedAt":"2026-10-01T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:41:23.512Z","roleSource":{"statement":"October supplement binds the exact Token Class to Trust IV and adds Solana availability; it supplies version discovery, not new provider-qualification facts."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"artifactHash":"f5708bb5fc389d326c745b02dec043d3f8992cc4e8e8e33ec034101ab58dc51d","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/product-rendered.json","assetId":"jltxx","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Current regulator or issuer rendered DOM observed at actual October 9 capture; source effective/filing dates remain separate; not raw HTTP bytes","effectiveAt":null,"id":"jltxx-20261009-i8-c4-jltxx-product-browser","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Rendered issuer overview: product heading, Token class, Fund Facts CUSIP46655R119 and Portfolio Managers cards. No document-link claim is attributed to this overview capture.","observedAt":"2026-10-09T04:43:30.098Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:43:30.098Z","roleSource":{"statement":"Fresh October 9 rendered issuer overview identifies JLTXX, Token share class, CUSIP46655R119 and portfolio managers Robert Motroni, Christopher Mercy, Christopher Tufts with20/37/29 industry years and less than one year managing this fund. This record supports role identity/disclosed experience only. Displayed NAV values are outside this role appraisal and renew no NAV or operations check."},"sourceClass":"T2","sourceUrl":"https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-onchain-liquidity-token-money-market-fund-token-class-46655r119#/overview"},{"artifactHash":"afd053e102abe27697498d097937602b0aec6cfc1ab62bbab8dd62df1f23ccd3","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/afd053e102abe27697498d097937602b0aec6cfc1ab62bbab8dd62df1f23ccd3","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Original date 2026-09-08; date-only normalized00:00UTC for schema; no original time asserted","effectiveAt":"2026-08-31T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-sep-nmfp-3","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"N-MFP3 generalInfo series S000101820; seriesLevelInfo adviser 801-21011, administrator JPMIM, independent accountant and transfer-agent SS&C CIK27048 084-00448.","observedAt":"2026-09-08T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:41:24.300Z","roleSource":{"statement":"As-filed N-MFP3 identifies exact fund series, JPMIM adviser and administrator, SS&C GIDS transfer agent and PwC accountant, for August 31 reporting. It is corroboration, not a current NAV or new registration finding."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"artifactHash":"1f34f8ae11d6d6dfa185dd649b4bd04e1a119980e461581e4716725261c53ec6","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/1f34f8ae11d6d6dfa185dd649b4bd04e1a119980e461581e4716725261c53ec6","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Undated maintained official source observed at actual October 9 retrieval; dataset dates and original legal/fact dates are distinct","effectiveAt":null,"id":"jltxx-20261009-i8-c4-jltxx-submissions","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"SEC CIK 0001659326 filings.recent form, filingDate, reportDate, accessionNumber, primaryDocument, 497/497K October 1 and August 17 prospectus.","observedAt":"2026-10-09T04:41:24.906Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T04:41:24.906Z","roleSource":{"statement":"Current October9 SEC Trust IV submissions index lists October7 N-MFP3 accessions23653,23650,23649; October1 497/497K; August17 current prospectus; September8 N-CSR. Exact linked OnChain23653 alone confirms adviser, administrator, independent accountant and transfer-agent identifiers. Later filing availability does not itself establish changed appointments or current qualification status."},"sourceClass":"T1","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"artifactHash":"ef41d0699f007d607490877b0cb09f67517ce8a382618349b28cab2fe6101bc7","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/ef41d0699f007d607490877b0cb09f67517ce8a382618349b28cab2fe6101bc7","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"N-MFP3 filedOctober7 for September30 period; date-only00:00UTC normalization, no original time asserted","effectiveAt":"2026-09-30T00:00:00.000Z","id":"jltxx-20261009-i8-c4-jltxx-nmfp-23653","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"N-MFP3 generalInfo seriesS000101820/nameOfSeries, seriesLevelInfo adviserName/adviserFileNumber801-21011, administratorName, indpPubAccountant/name, transferAgent/name/cik0000027048/fileNumber084-00448. NAV and supply excluded from this C4 appraisal.","observedAt":"2026-10-07T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T02:11:30.276Z","roleSource":{"statement":"Exact September30 OnChain N-MFP3, filedOctober7, reports JPMIM adviser801-21011 and administrator, PwC accountant and SS&C GIDS CIK27048 file084-00448. These are as-filed appointment confirmations, not current regulator-status certificates or daily operating-state evidence."},"sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126023653/primary_doc.xml"},{"artifactHash":"9cc8daefec77e1786250e499ef2b8a7af755a596edbd11d8e8939f5e0367e32e","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/artifacts/9cc8daefec77e1786250e499ef2b8a7af755a596edbd11d8e8939f5e0367e32e","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Maintained SEC older submissions index actually acquiredOctober9; historical2015-2021 filing coverage","effectiveAt":null,"id":"jltxx-20261009-i8-c4-jltxx-older-sec-index","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"SEC Trust IV additional filings index CIK0001659326-submissions-001.json,2015-2021 interval; does not contain newer public disclosures than current index","observedAt":"2026-10-09T02:11:29.524Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T02:11:29.524Z","roleSource":{"statement":"The additional SEC index requested by current submissions files covers2015-2021. It preserves discovery completeness for that index interval and establishes no current appointments on its own."},"sourceClass":"T1","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326-submissions-001.json"},{"artifactHash":"4205d46603c85d73dc2065b62a86db36ec85848b14d05328ccb24ee6cec09448","artifactPath":"work/ratings/2026-10-09-heartbeat/production-preparation/jltxx-c4/analysis-report.json","assetId":"jltxx","attestations":[],"authority":"independent","c4RoleMatrix":{"excludedProviders":[{"evidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"functions":["Fund governance"],"provider":"JPMorgan Trust IV Board of Trustees","reason":"Reviewed scope exclusion: Governance body is outside this bounded service-provider qualification matrix; no finding about trustee qualifications.","roleKey":"fundBoard"},{"evidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"functions":["Portfolio management and research resources"],"provider":"Unappointed participating advisory affiliate described conditionally in prospectus","reason":"Reviewed scope exclusion: Conditional participating-affiliate resources are disclosed under JPMIM supervision, without a separately named current appointment in this bounded source chain.","roleKey":"participatingAffiliate"},{"evidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"functions":["Blockchain technology design, deployment and maintenance"],"provider":"Kinexys Digital Assets, business unit of JPMorgan Chase Bank, N.A.","reason":"Reviewed scope exclusion: Same bank technical business function is outside this operational public qualification model; technical security assessment is separate.","roleKey":"bankTechnicalFunction"},{"evidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"functions":["Trust legal counsel"],"provider":"Dechert LLP","reason":"Reviewed scope exclusion: Professional legal advice is expressly excluded from this bounded seven-function operational model; no statement that counsel is absent or unregulated.","roleKey":"trustCounsel"},{"evidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"functions":["Technical infrastructure support"],"provider":"Technical subcontractors and agents described as provider classes","reason":"Reviewed scope exclusion: Provider class is retained as an express scope boundary; private contracts and exact undisclosed appointments are not enumerated or certified.","roleKey":"technicalSubcontractors"},{"evidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"functions":["Portfolio and other transaction services"],"provider":"Portfolio and other transaction counterparties described as provider classes","reason":"Reviewed scope exclusion: Transaction counterparties are outside this bounded appointed operational-provider model; no claim of exhaustive identities or all-law qualification.","roleKey":"portfolioCounterparties"}],"expectedRoleKeys":["manager","custodian","transferAgent","distributor","auditor","administrator","subadministratorAndFundAccountant"],"roleUniverse":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-submissions","jltxx-20261009-i8-c4-jltxx-active-classes","jltxx-20261009-i8-c4-jltxx-oct01-formal","jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026","jltxx-20261009-i8-c4-jltxx-manager-browser","jltxx-20261009-i8-c4-jpm-bank-fdic","jltxx-20261009-i8-c4-ssc-index","jltxx-20261009-i8-c4-pwc-browser-registration","jltxx-20261009-i8-c4-jltxx-distributor-browser"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Disclosed public regulated service-provider appointments for JPMorgan Trust IV, JPMorgan OnChain Liquidity-Token Money Market Fund, Token Class. Seven functional slots across five exact entities; excludes private technical subcontractors and unappointed affiliates. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. Review judgments are bounded to disclosed functions and require distinct exact-artifact independent review.","startedAt":"2026-10-09T02:11:29.524Z","status":"complete","successfulSearchEvidenceIds":["jltxx-20261009-i8-c4-jltxx-submissions","jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-current-prospectus","jltxx-20261009-i8-c4-jltxx-oct01-formal","jltxx-20261009-i8-c4-jltxx-sep-nmfp-3","jltxx-20261009-i8-c4-jltxx-product-browser","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026","jltxx-20261009-i8-c4-jltxx-nmfp-23653","jltxx-20261009-i8-c4-jltxx-older-sec-index"],"unresolvedResearch":[]},"roleUniverseEvidenceIds":["jltxx-20261009-i8-c4-jltxx-submissions","jltxx-20261009-i8-c4-jltxx-active-classes","jltxx-20261009-i8-c4-jltxx-oct01-formal","jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-current-prospectus","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026","jltxx-20261009-i8-c4-jltxx-nmfp-23653","jltxx-20261009-i8-c4-jltxx-older-sec-index"],"rows":[{"appointmentEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-current-prospectus","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"core":true,"coreBusinessUnaffected":false,"coreReason":"Portfolio management is the named primary investment function of this exact fund.","dependencyEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-current-prospectus"],"entity":{"identifiers":["CRD 107038","SEC 801-21011"],"legalName":"J.P. Morgan Investment Management Inc."},"functions":["Portfolio investment advice","Day-to-day investment decisions"],"impactConfirmed":false,"impactEvidenceIds":[],"noReplacement":false,"primaryManager":true,"qualificationResearch":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-submissions","jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-manager-browser"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Exact current adviser appointment and SEC registration for disclosed fund function. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. Review judgments are bounded to disclosed functions and require distinct exact-artifact independent review.","startedAt":"2026-10-09T02:11:29.524Z","status":"complete","successfulSearchEvidenceIds":["jltxx-20261009-i8-c4-jltxx-manager-browser","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"unresolvedResearch":[]},"replacementEvidenceIds":[],"requirements":[{"applicability":"required","explanation":"Current SEC IAPD identifies this exact legal entity as Approved; original 1984 effective date is not the observation date.","jurisdiction":"United States federal","key":"investment-adviser-registration","legalBasisEvidenceIds":["jltxx-20261009-i8-c4-code-adviser-definition","jltxx-20261009-i8-c4-code-adviser-registration","jltxx-20261009-i8-c4-jltxx-initial-485"],"regulatedActivity":"Compensated securities advice and portfolio management","status":"verifiedActive","statusEvidenceIds":["jltxx-20261009-i8-c4-jltxx-manager-browser"]}],"roleKey":"manager","status":"verifiedActive"},{"appointmentEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-bank-accounting-base","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026"],"core":true,"coreBusinessUnaffected":false,"coreReason":"The bank holds and settles fund assets under the current fund agreement.","dependencyEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-bank-accounting-base","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026"],"entity":{"identifiers":["FDIC certificate 628","RSSD 852218","LEI 7H6GLXDRUGQFU57RNE97"],"legalName":"JPMorgan Chase Bank, National Association"},"functions":["Custody of fund assets","Cash and securities settlement"],"impactConfirmed":false,"impactEvidenceIds":[],"noReplacement":false,"primaryManager":false,"qualificationResearch":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026","jltxx-20261009-i8-c4-occ-current-handbook-index","jltxx-20261009-i8-c4-jpm-bank-fdic"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Exact bank appointment and scoped bank qualification; no claim of full operational compliance. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. Review judgments are bounded to disclosed functions and require distinct exact-artifact independent review.","startedAt":"2026-10-09T02:11:29.524Z","status":"complete","successfulSearchEvidenceIds":["jltxx-20261009-i8-c4-jpm-bank-fdic","jltxx-20261009-i8-c4-fdic-institution-properties","jltxx-20261009-i8-c4-occ-current-asset-management"],"unresolvedResearch":[]},"replacementEvidenceIds":[],"requirements":[{"applicability":"required","explanation":"Exact FDIC record reports active national bank under OCC supervision and TRUST 10 full trust powers; this does not verify every custody control.","jurisdiction":"United States federal","key":"national-bank-custody-qualification","legalBasisEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-occ-current-asset-management","jltxx-20261009-i8-c4-code-bank-powers"],"regulatedActivity":"Bank custody and trust services for registered investment company","status":"verifiedActive","statusEvidenceIds":["jltxx-20261009-i8-c4-jpm-bank-fdic","jltxx-20261009-i8-c4-fdic-institution-properties"]}],"roleKey":"custodian","status":"verifiedActive"},{"appointmentEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"core":true,"coreBusinessUnaffected":false,"coreReason":"Transfer-agent register and share processing underpin ownership and transfers.","dependencyEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"entity":{"identifiers":["CIK 0000027048","SEC 084-00448"],"legalName":"SS&C GIDS, Inc."},"functions":["Shareholder ownership register","Transfer processing","Dividend disbursement"],"impactConfirmed":false,"impactEvidenceIds":[],"noReplacement":false,"primaryManager":false,"qualificationResearch":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-ssc-index"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Current SEC filing index and exact filed registration chain through June 2026. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. Review judgments are bounded to disclosed functions and require distinct exact-artifact independent review.","startedAt":"2026-10-09T02:11:29.524Z","status":"complete","successfulSearchEvidenceIds":["jltxx-20261009-i8-c4-ssc-index","jltxx-20261009-i8-c4-ssc-jun-ta1","jltxx-20261009-i8-c4-ssc-apr-ta1","jltxx-20261009-i8-c4-ssc-2026-ta2","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"unresolvedResearch":[]},"replacementEvidenceIds":[],"requirements":[{"applicability":"required","explanation":"Current SEC index and June 2026 TA-1/A retain exact SEC 084-00448; this is as-filed qualification, not independent enforcement clearance.","jurisdiction":"United States federal","key":"sec-transfer-agent-registration","legalBasisEvidenceIds":["jltxx-20261009-i8-c4-sec-transfer-agents","jltxx-20261009-i8-c4-jltxx-initial-485"],"regulatedActivity":"Registered transfer-agent functions","status":"verifiedActive","statusEvidenceIds":["jltxx-20261009-i8-c4-ssc-index","jltxx-20261009-i8-c4-ssc-jun-ta1","jltxx-20261009-i8-c4-ssc-apr-ta1","jltxx-20261009-i8-c4-ssc-2026-ta2"]}],"roleKey":"transferAgent","status":"verifiedActive"},{"appointmentEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-current-prospectus"],"core":false,"coreBusinessUnaffected":false,"coreReason":"Distribution is a separately appointed service; this matrix does not assert the mandatory core-failure predicate.","dependencyEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-current-prospectus"],"entity":{"identifiers":["CRD 104234","SEC 8-52700"],"legalName":"JPMorgan Distribution Services, Inc."},"functions":["Fund share distribution","Shareholder servicing"],"impactConfirmed":false,"impactEvidenceIds":[],"noReplacement":false,"primaryManager":false,"qualificationResearch":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-submissions","jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-distributor-browser"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Current exact FINRA profile used after PDF acquisition failures; no clean-history assertion. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. Review judgments are bounded to disclosed functions and require distinct exact-artifact independent review.","startedAt":"2026-10-09T02:11:29.524Z","status":"complete","successfulSearchEvidenceIds":["jltxx-20261009-i8-c4-jltxx-distributor-browser"],"unresolvedResearch":[]},"replacementEvidenceIds":[],"requirements":[{"applicability":"required","explanation":"Fresh FINRA rendered profile identifies exact JPMDS CRD104234 SEC8-52700 as Approved; one regulatory disclosure is displayed. No event-detail or clean-history inference.","jurisdiction":"United States federal","key":"broker-dealer-registration","legalBasisEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-current-prospectus"],"regulatedActivity":"Distribution of fund shares as appointed principal underwriter","status":"verifiedActive","statusEvidenceIds":["jltxx-20261009-i8-c4-jltxx-distributor-browser"]}],"roleKey":"distributor","status":"verifiedActive"},{"appointmentEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"core":false,"coreBusinessUnaffected":false,"coreReason":"Independent audit is a named public service, without evidence for a core-failure impact predicate.","dependencyEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485"],"entity":{"identifiers":["PCAOB firm 238","PCAOB firm ID 73A0A9EC6DB314358F313783F650EDFA"],"legalName":"PricewaterhouseCoopers LLP (United States)"},"functions":["Independent public-accountant service for fund financial statements"],"impactConfirmed":false,"impactEvidenceIds":[],"noReplacement":false,"primaryManager":false,"qualificationResearch":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-pwc-browser-registration"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Current PCAOB status for exact appointed US firm; audit quality and engagement independence outside scope. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. Review judgments are bounded to disclosed functions and require distinct exact-artifact independent review.","startedAt":"2026-10-09T02:11:29.524Z","status":"complete","successfulSearchEvidenceIds":["jltxx-20261009-i8-c4-pwc-browser-registration","jltxx-20261009-i8-c4-pwc-2026-licenses-form3","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"unresolvedResearch":[]},"replacementEvidenceIds":[],"requirements":[{"applicability":"required","explanation":"PCAOB current rendered profile says Currently Registered for US firm 238; Nebraska Form 3 is supplemental as-filed data, not all-state licensing proof.","jurisdiction":"United States federal","key":"pcaob-firm-registration","legalBasisEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-pwc-browser-registration"],"regulatedActivity":"Public accounting firm registration for the named fund auditor","status":"verifiedActive","statusEvidenceIds":["jltxx-20261009-i8-c4-pwc-browser-registration","jltxx-20261009-i8-c4-pwc-2026-licenses-form3"]}],"roleKey":"auditor","status":"verifiedActive"},{"appointmentEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-admin-base","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"core":true,"coreBusinessUnaffected":false,"coreReason":"The exact fund formally appoints this entity to coordinate administration and provider oversight.","dependencyEvidenceIds":["jltxx-20261009-i8-c4-jltxx-admin-base","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-jltxx-initial-485"],"entity":{"identifiers":["CRD 107038","SEC 801-21011"],"legalName":"J.P. Morgan Investment Management Inc."},"functions":["Governance and board support","Records and filings","Financial statements, tax and distribution calculations","Service-provider supervision","Article 2(n) investment-objective and product-design assistance"],"impactConfirmed":false,"impactEvidenceIds":[],"noReplacement":false,"primaryManager":false,"qualificationResearch":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-submissions","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-current-recordkeeping-rule-browser","jltxx-20261009-i8-c4-jltxx-manager-browser"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Exact signed counterparty and fund schedule; function-specific advice and routine administration assessed separately. Current rendered rule, not blocked HTTP bytes. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. Review judgments are bounded to disclosed functions and require distinct exact-artifact independent review.","startedAt":"2026-10-09T02:11:29.524Z","status":"complete","successfulSearchEvidenceIds":["jltxx-20261009-i8-c4-jltxx-manager-browser","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-current-recordkeeping-rule-browser","jltxx-20261009-i8-c4-jltxx-nmfp-23653"],"unresolvedResearch":[]},"replacementEvidenceIds":[],"requirements":[{"applicability":"notRequired","explanation":"Within the reviewed actual functions and federal public-role framework, no separate administrator-only registration trigger was identified; this is not a universal exemption or continuous records-compliance finding.","jurisdiction":"United States federal","key":"routine-administration-separate-registration","legalBasisEvidenceIds":["jltxx-20261009-i8-c4-jltxx-admin-base","jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-current-recordkeeping-rule-browser","jltxx-20261009-i8-c4-jltxx-initial-485"],"regulatedActivity":"Routine disclosed administration and outsourced record support","status":"verifiedNotRequired","statusEvidenceIds":["jltxx-20261009-i8-c4-jltxx-admin-aug2023","jltxx-20261009-i8-c4-jltxx-admin-feb2026","jltxx-20261009-i8-c4-jltxx-manager-browser"]},{"applicability":"required","explanation":"Any adviser-function element belongs to this same exact SEC-approved legal entity, not merely to an affiliate or brand.","jurisdiction":"United States federal","key":"administrative-advice-adviser-registration","legalBasisEvidenceIds":["jltxx-20261009-i8-c4-code-adviser-definition","jltxx-20261009-i8-c4-code-adviser-registration","jltxx-20261009-i8-c4-jltxx-admin-base"],"regulatedActivity":"Article 2(n) assistance if it amounts to securities advice","status":"verifiedActive","statusEvidenceIds":["jltxx-20261009-i8-c4-jltxx-manager-browser"]}],"roleKey":"administrator","status":"verifiedActive"},{"appointmentEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-bank-accounting-base","jltxx-20261009-i8-c4-jltxx-bank-accounting-dec2025","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026"],"core":true,"coreBusinessUnaffected":false,"coreReason":"Current bank contract provides fund accounting and NAV support for the exact product.","dependencyEvidenceIds":["jltxx-20261009-i8-c4-jltxx-bank-accounting-base","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026","jltxx-20261009-i8-c4-jltxx-initial-485"],"entity":{"identifiers":["FDIC certificate 628","RSSD 852218","LEI 7H6GLXDRUGQFU57RNE97"],"legalName":"JPMorgan Chase Bank, National Association"},"functions":["Non-advisory subadministration","Fund accounting and NAV calculation under manager Pricing Matrix","Custody support"],"impactConfirmed":false,"impactEvidenceIds":[],"noReplacement":false,"primaryManager":false,"qualificationResearch":{"completedAt":"2026-10-09T04:47:27.079Z","discoveryEvidenceIds":["jltxx-20261009-i8-c4-jltxx-initial-485","jltxx-20261009-i8-c4-jltxx-bank-accounting-feb2026","jltxx-20261009-i8-c4-occ-current-handbook-index","jltxx-20261009-i8-c4-jpm-bank-fdic"],"failedAttempts":[{"attemptedAt":"2026-10-09T04:38:55.896Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"attemptedAt":"2026-10-09T04:38:56.458Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.277Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"attemptedAt":"2026-10-09T04:38:57.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312522178460/d351842dex99g1a.htm"},{"attemptedAt":"2026-10-09T04:38:57.539Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99g1b.htm"},{"attemptedAt":"2026-10-09T04:38:57.807Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1e.htm"},{"attemptedAt":"2026-10-09T04:38:58.930Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=82F3A13FAE052C075A337B0544D35BA2"},{"attemptedAt":"2026-10-09T04:38:59.094Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=73A0A9EC6DB314358F313783F650EDFA"},{"attemptedAt":"2026-10-09T04:38:59.440Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/about/divisions-offices/division-trading-markets/transfer-agents"},{"attemptedAt":"2026-10-09T04:38:59.681Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000001/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:38:59.994Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000002/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:00.202Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0000027048.json"},{"attemptedAt":"2026-10-09T04:39:00.382Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/27048/000002704826000003/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:01.086Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526353379/d127628d497.htm"},{"attemptedAt":"2026-10-09T04:39:01.119Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"attemptedAt":"2026-10-09T04:39:01.298Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm"},{"attemptedAt":"2026-10-09T04:39:02.581Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126021284/primary_doc.xml"},{"attemptedAt":"2026-10-09T04:39:03.168Z","reason":"HTTP403 from default system curl; later ordinary Node acquisition or rendered browser recovered required material","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"attemptedAt":"2026-10-09T04:38:53.445Z","reason":"HTTP200 returned Federal Register Request Access challenge; substantive eCFR rule was separately acquired through rendered browser","sourceUrl":"https://www.ecfr.gov/current/title-17/chapter-II/part-270/section-270.31a-3"}],"scope":"Exact current fund schedule, contract limits, OCC guidance and bank status separately support this function. Actual October9 public-source reacquisition and bounded functional appraisal, including original02:11 acquisitions reused without changing times. Historical instrument dates retained; current qualification/discovery observations are acquired within24h. Failed transport attempts retained; alternate normal transport recovered substantive required sources. 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Solana launch article and help audit row corroborate the advertised Solana representation. No competing USD identity/address or explicit retirement was found in these finite surfaces. The omission is retained as a disclosure-completeness gap. Customer availability, complete live lane/configuration scope, and cause of omission remain unproven."},{"effect":"materialOrUnknown","entryIds":["ustbl-ethereum","ustbl-polygon","ustbl-starknet","ustbl-arbitrum","ustbl-etherlink","ustbl-base","ustbl-stellar","ustbl-solana"],"evidenceIds":["ustbl-20261009-i8-c8-issuer-ccip-announcement","ustbl-20261009-i8-c8-prospectus-en","ustbl-20261009-i8-c8-blockchain-technical"],"kind":"deduplication","reason":"Current finite sources announce CCIP with planned and benefit language, but supply no current USTBL lane inventory, complete bridge/wrapper accounting graph, lock/burn/mint treatment, quantitative conversion/exclusion coefficients or interchain invariant. Direct means formal shareholder-register representation and does not establish additive supply. Material or unknown global-dedup effect retained."},{"effect":"materialOrUnknown","entryIds":["ustbl-solana"],"evidenceIds":["ustbl-20261009-i8-c8-prospectus-en","ustbl-20261009-i8-c8-transfers","ustbl-20261009-i8-c8-solana-technical","ustbl-20261009-i8-c8-docs-sitemap","ustbl-20261009-i8-c8-r2-tech-post-index-page2","ustbl-20261009-i8-c8-r2-tech-post-index-page3"],"kind":"versionHistory","reason":"All3 current technical Posts pages and all9 article bodies were examined, including issuer network-launch material; these finite sources still provide no complete dated network addition/retirement history. Help omits Solana relative to eight formal/API mappings. Full public/private history and cause of omission remain unknown."},{"effect":"materialOrUnknown","entryIds":["ustbl-polygon","ustbl-starknet","ustbl-arbitrum","ustbl-etherlink","ustbl-base","ustbl-stellar","ustbl-solana"],"evidenceIds":["ustbl-20261009-i8-c8-shareclass","ustbl-20261009-i8-c8-prospectus-en","ustbl-20261009-i8-c8-ethereum-supply-extraction"],"kind":"network","reason":"Only Ethereum has a current exact finalized historical supply observation in this assessment. Other advertised chains retain unavailable current state/finality/configuration assessment and the old readings remain dated history. No global supply calculation, all-chain completion or reserve/backing inference is offered."}],"inventoryDated":true,"inventoryEvidenceIds":["ustbl-20261009-i8-c8-prospectus-en","ustbl-20261009-i8-c8-shareclass","ustbl-20261009-i8-c8-transfers","ustbl-20261009-i8-c8-addresses","ustbl-20261009-i8-c8-solana-technical"],"issuerInventoryComplete":false,"research":{"completedAt":"2026-10-09T04:51:13.300Z","discoveryEvidenceIds":["ustbl-20261009-i8-c8-legal-index","ustbl-20261009-i8-c8-docs-sitemap","ustbl-20261009-i8-c8-issuer-blog-index","ustbl-20261009-i8-c8-tech-post-index","ustbl-20261009-i8-c8-prospectus-en","ustbl-20261009-i8-c8-prospectus-fr","ustbl-20261009-i8-c8-shareclass","ustbl-20261009-i8-c8-transfers","ustbl-20261009-i8-c8-addresses","ustbl-20261009-i8-c8-solana-technical","ustbl-20261009-i8-c8-stellar-technical","ustbl-20261009-i8-c8-issuer-ccip-announcement","ustbl-20261009-i8-c8-r2-tech-post-index-page2","ustbl-20261009-i8-c8-r2-tech-post-index-page3"],"failedAttempts":[],"scope":"Fresh finite issuer disclosure appraisal for exact USD Share FR001400ODM9 USTBL, with24 current issuer responses: original18 and newly acquired technical index pages2/3 plus four additional article bodies. 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not an issuer document","observedAt":"2026-10-09T10:47:47.850Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Check":{"acquisitionEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-compartment-law-web"],"criterionId":"B1","kind":"current","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-compartment-law-web"]}},{"artifactHash":"eedcd6b5d92c1cedaa35e39bc15b925b2de03d574fc48f6cd1f09fae189ae0f5","artifactPath":"work/ratings/2026-10-09-v2/candidate-preparation/checks/eedcd6b5d92c1cedaa35e39bc15b925b2de03d574fc48f6cd1f09fae189ae0f5.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Analyst current/applicability check performed 2026-10-09T10:47:47.850Z","effectiveAt":null,"id":"ustbl-20261009-v2-B1-applicability-check","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"bench3 preparer check artifact with exact original hashes, actual acquisition IDs, checked clause/context and scope limits; not an issuer document","observedAt":"2026-10-09T10:47:47.850Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Check":{"acquisitionEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-compartment-law-web"],"criterionId":"B1","kind":"applicability","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-compartment-law-web"]}},{"artifactHash":"ec487fa9d9b1be95da1839101172873368eaad0c73911d23acd620532c83f10e","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-missingKeyControl-noIndication-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c2-missingKeyControl-noIndication-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"responsibilities","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.administrator"},{"dutyId":"responsibilities","roleId":"benji.transfer-agent"},{"dutyId":"responsibilities","roleId":"benji.distributor"},{"dutyId":"responsibilities","roleId":"benji.custodian"},{"dutyId":"responsibilities","roleId":"benji.subadministrator"},{"dutyId":"responsibilities","roleId":"benji.auditor"},{"dutyId":"responsibilities","roleId":"benji.compliance"}]}},{"artifactHash":"8ceb328284d3240b55440bffe8d3c0463c37668a67a01bcc9aae381e3f5fa143","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-missingKeyControl-noIndication-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c2-missingKeyControl-noIndication-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"responsibilities","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.administrator"},{"dutyId":"responsibilities","roleId":"benji.transfer-agent"},{"dutyId":"responsibilities","roleId":"benji.distributor"},{"dutyId":"responsibilities","roleId":"benji.custodian"},{"dutyId":"responsibilities","roleId":"benji.subadministrator"},{"dutyId":"responsibilities","roleId":"benji.auditor"},{"dutyId":"responsibilities","roleId":"benji.compliance"}]},"inquiryArtifactHash":"ec487fa9d9b1be95da1839101172873368eaad0c73911d23acd620532c83f10e","inquiryEvidenceId":"benji-c2-missingKeyControl-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"30155aa19106e5da762134e1ce3168c39c91f0d4c44bf58673d40ba5d95eb08c","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-missingKeyControl-unresolved-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c2-missingKeyControl-unresolved-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled. Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination. Current fund-account delegated custodian/subagent scope not closed by generic permission.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"controls","roleId":"benji.manager"},{"dutyId":"service","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.subadvisor"},{"dutyId":"service","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.administrator"},{"dutyId":"service","roleId":"benji.administrator"},{"dutyId":"controls","roleId":"benji.transfer-agent"},{"dutyId":"service","roleId":"benji.transfer-agent"},{"dutyId":"controls","roleId":"benji.distributor"},{"dutyId":"service","roleId":"benji.distributor"},{"dutyId":"controls","roleId":"benji.custodian"},{"dutyId":"service","roleId":"benji.custodian"},{"dutyId":"controls","roleId":"benji.subadministrator"},{"dutyId":"service","roleId":"benji.subadministrator"},{"dutyId":"controls","roleId":"benji.auditor"},{"dutyId":"service","roleId":"benji.auditor"},{"dutyId":"controls","roleId":"benji.board"},{"dutyId":"controls","roleId":"benji.compliance"},{"dutyId":"service","roleId":"benji.compliance"},{"dutyId":"responsibilities","roleId":"benji.sub-transfer-agent-fis"},{"dutyId":"service","roleId":"benji.sub-transfer-agent-fis"}]}},{"artifactHash":"fb449cf6bd72b4bdf8cb0c17960fbc635f2932da9a980fff00cdf525234741b8","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-missingKeyControl-unresolved-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c2-missingKeyControl-unresolved-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled. Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination. Current fund-account delegated custodian/subagent scope not closed by generic permission.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"controls","roleId":"benji.manager"},{"dutyId":"service","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.subadvisor"},{"dutyId":"service","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.administrator"},{"dutyId":"service","roleId":"benji.administrator"},{"dutyId":"controls","roleId":"benji.transfer-agent"},{"dutyId":"service","roleId":"benji.transfer-agent"},{"dutyId":"controls","roleId":"benji.distributor"},{"dutyId":"service","roleId":"benji.distributor"},{"dutyId":"controls","roleId":"benji.custodian"},{"dutyId":"service","roleId":"benji.custodian"},{"dutyId":"controls","roleId":"benji.subadministrator"},{"dutyId":"service","roleId":"benji.subadministrator"},{"dutyId":"controls","roleId":"benji.auditor"},{"dutyId":"service","roleId":"benji.auditor"},{"dutyId":"controls","roleId":"benji.board"},{"dutyId":"controls","roleId":"benji.compliance"},{"dutyId":"service","roleId":"benji.compliance"},{"dutyId":"responsibilities","roleId":"benji.sub-transfer-agent-fis"},{"dutyId":"service","roleId":"benji.sub-transfer-agent-fis"}]},"inquiryArtifactHash":"30155aa19106e5da762134e1ce3168c39c91f0d4c44bf58673d40ba5d95eb08c","inquiryEvidenceId":"benji-c2-missingKeyControl-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"d3f47b148bba19eef581cf1075c00a66cdb493e03e48303f8efa375549582278","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-unassignedCoreFailure-noIndication-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c2-unassignedCoreFailure-noIndication-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"responsibilities","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.administrator"},{"dutyId":"responsibilities","roleId":"benji.transfer-agent"},{"dutyId":"responsibilities","roleId":"benji.distributor"},{"dutyId":"responsibilities","roleId":"benji.custodian"},{"dutyId":"responsibilities","roleId":"benji.subadministrator"},{"dutyId":"responsibilities","roleId":"benji.auditor"},{"dutyId":"responsibilities","roleId":"benji.compliance"}]}},{"artifactHash":"447e06bfc45f1ab5f61764cfe6c64ec6c2d6bc2f0faae56e8b5d481b633ca925","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-unassignedCoreFailure-noIndication-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c2-unassignedCoreFailure-noIndication-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"responsibilities","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.administrator"},{"dutyId":"responsibilities","roleId":"benji.transfer-agent"},{"dutyId":"responsibilities","roleId":"benji.distributor"},{"dutyId":"responsibilities","roleId":"benji.custodian"},{"dutyId":"responsibilities","roleId":"benji.subadministrator"},{"dutyId":"responsibilities","roleId":"benji.auditor"},{"dutyId":"responsibilities","roleId":"benji.compliance"}]},"inquiryArtifactHash":"d3f47b148bba19eef581cf1075c00a66cdb493e03e48303f8efa375549582278","inquiryEvidenceId":"benji-c2-unassignedCoreFailure-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"6846cd1d9b0aba7d460a3f458f02c92fe2752c74988d4b40a923f73ceaa60bf6","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-unassignedCoreFailure-unresolved-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c2-unassignedCoreFailure-unresolved-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled. Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination. Current fund-account delegated custodian/subagent scope not closed by generic permission.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"controls","roleId":"benji.manager"},{"dutyId":"service","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.subadvisor"},{"dutyId":"service","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.administrator"},{"dutyId":"service","roleId":"benji.administrator"},{"dutyId":"controls","roleId":"benji.transfer-agent"},{"dutyId":"service","roleId":"benji.transfer-agent"},{"dutyId":"controls","roleId":"benji.distributor"},{"dutyId":"service","roleId":"benji.distributor"},{"dutyId":"controls","roleId":"benji.custodian"},{"dutyId":"service","roleId":"benji.custodian"},{"dutyId":"controls","roleId":"benji.subadministrator"},{"dutyId":"service","roleId":"benji.subadministrator"},{"dutyId":"controls","roleId":"benji.auditor"},{"dutyId":"service","roleId":"benji.auditor"},{"dutyId":"controls","roleId":"benji.board"},{"dutyId":"controls","roleId":"benji.compliance"},{"dutyId":"service","roleId":"benji.compliance"},{"dutyId":"responsibilities","roleId":"benji.sub-transfer-agent-fis"},{"dutyId":"service","roleId":"benji.sub-transfer-agent-fis"}]}},{"artifactHash":"f860d80baba2341de7f0da7c499854e0bcaf45857a3268156386f4a3599547aa","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c2-unassignedCoreFailure-unresolved-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c2-unassignedCoreFailure-unresolved-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled. Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination. Current fund-account delegated custodian/subagent scope not closed by generic permission.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Actual historical FIS sub-transfer agent omitted; current duties/continuation not reconciled.","Western Asset June2026 control/supervision order is newly located; current Fund-specific trade-allocation control applicability needs examination.","Current fund-account delegated custodian/subagent scope not closed by generic permission."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-ncsr","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen"],"subjects":[{"dutyId":"controls","roleId":"benji.manager"},{"dutyId":"service","roleId":"benji.manager"},{"dutyId":"responsibilities","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.subadvisor"},{"dutyId":"service","roleId":"benji.subadvisor"},{"dutyId":"controls","roleId":"benji.administrator"},{"dutyId":"service","roleId":"benji.administrator"},{"dutyId":"controls","roleId":"benji.transfer-agent"},{"dutyId":"service","roleId":"benji.transfer-agent"},{"dutyId":"controls","roleId":"benji.distributor"},{"dutyId":"service","roleId":"benji.distributor"},{"dutyId":"controls","roleId":"benji.custodian"},{"dutyId":"service","roleId":"benji.custodian"},{"dutyId":"controls","roleId":"benji.subadministrator"},{"dutyId":"service","roleId":"benji.subadministrator"},{"dutyId":"controls","roleId":"benji.auditor"},{"dutyId":"service","roleId":"benji.auditor"},{"dutyId":"controls","roleId":"benji.board"},{"dutyId":"controls","roleId":"benji.compliance"},{"dutyId":"service","roleId":"benji.compliance"},{"dutyId":"responsibilities","roleId":"benji.sub-transfer-agent-fis"},{"dutyId":"service","roleId":"benji.sub-transfer-agent-fis"}]},"inquiryArtifactHash":"6846cd1d9b0aba7d460a3f458f02c92fe2752c74988d4b40a923f73ceaa60bf6","inquiryEvidenceId":"benji-c2-unassignedCoreFailure-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"5be40f024141e9a3c890e68bfd4426ae859413f520f95e223cff26eb17ef7a2e","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"oversight","roleId":"benji.auditor"},{"dutyId":"disclosure","roleId":"benji.auditor"},{"dutyId":"oversight","roleId":"benji.compliance"},{"dutyId":"disclosure","roleId":"benji.compliance"},{"dutyId":"changes","roleId":"benji.shareholders"},{"dutyId":"remedies","roleId":"benji.shareholders"}]}},{"artifactHash":"6653240c384f2f5cc801f7f6a6fd46807f9c58dfef41969e3b9f451d23a23445","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"oversight","roleId":"benji.auditor"},{"dutyId":"disclosure","roleId":"benji.auditor"},{"dutyId":"oversight","roleId":"benji.compliance"},{"dutyId":"disclosure","roleId":"benji.compliance"},{"dutyId":"changes","roleId":"benji.shareholders"},{"dutyId":"remedies","roleId":"benji.shareholders"}]},"inquiryArtifactHash":"5be40f024141e9a3c890e68bfd4426ae859413f520f95e223cff26eb17ef7a2e","inquiryEvidenceId":"benji-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"909b914dd1856f6827e65a3715a0d8d60cb733b7fde4b966e6d388f0fa4f6a16","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI. Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"relatedTransactions","roleId":"benji.manager"},{"dutyId":"fees","roleId":"benji.manager"},{"dutyId":"oversight","roleId":"benji.manager"},{"dutyId":"disclosure","roleId":"benji.manager"},{"dutyId":"relatedTransactions","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.administrator"},{"dutyId":"disclosure","roleId":"benji.transfer-agent"},{"dutyId":"relatedTransactions","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.subadministrator"},{"dutyId":"changes","roleId":"benji.board"},{"dutyId":"relatedTransactions","roleId":"benji.board"},{"dutyId":"fees","roleId":"benji.board"},{"dutyId":"oversight","roleId":"benji.board"},{"dutyId":"disclosure","roleId":"benji.board"},{"dutyId":"remedies","roleId":"benji.board"},{"dutyId":"changes","roleId":"benji.officers"},{"dutyId":"disclosure","roleId":"benji.officers"}]}},{"artifactHash":"032df9ca52556bfbadbaefb4e733222b5d1cd239455468b27c4f53d903ba385f","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI. Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"relatedTransactions","roleId":"benji.manager"},{"dutyId":"fees","roleId":"benji.manager"},{"dutyId":"oversight","roleId":"benji.manager"},{"dutyId":"disclosure","roleId":"benji.manager"},{"dutyId":"relatedTransactions","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.administrator"},{"dutyId":"disclosure","roleId":"benji.transfer-agent"},{"dutyId":"relatedTransactions","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.subadministrator"},{"dutyId":"changes","roleId":"benji.board"},{"dutyId":"relatedTransactions","roleId":"benji.board"},{"dutyId":"fees","roleId":"benji.board"},{"dutyId":"oversight","roleId":"benji.board"},{"dutyId":"disclosure","roleId":"benji.board"},{"dutyId":"remedies","roleId":"benji.board"},{"dutyId":"changes","roleId":"benji.officers"},{"dutyId":"disclosure","roleId":"benji.officers"}]},"inquiryArtifactHash":"909b914dd1856f6827e65a3715a0d8d60cb733b7fde4b966e6d388f0fa4f6a16","inquiryEvidenceId":"benji-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"13803b7f5d1fda6ef93ce28dbf33fa04039093d759dec80abf592a300cadc71b","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-unrecoveredAbuse-noIndication-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c4-unrecoveredAbuse-noIndication-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"oversight","roleId":"benji.auditor"},{"dutyId":"disclosure","roleId":"benji.auditor"},{"dutyId":"oversight","roleId":"benji.compliance"},{"dutyId":"disclosure","roleId":"benji.compliance"},{"dutyId":"changes","roleId":"benji.shareholders"},{"dutyId":"remedies","roleId":"benji.shareholders"}]}},{"artifactHash":"a78a646fb388db038ed01288c859e3e02350d8bfc7a1e04f59941daa49c05917","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-unrecoveredAbuse-noIndication-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c4-unrecoveredAbuse-noIndication-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"oversight","roleId":"benji.auditor"},{"dutyId":"disclosure","roleId":"benji.auditor"},{"dutyId":"oversight","roleId":"benji.compliance"},{"dutyId":"disclosure","roleId":"benji.compliance"},{"dutyId":"changes","roleId":"benji.shareholders"},{"dutyId":"remedies","roleId":"benji.shareholders"}]},"inquiryArtifactHash":"13803b7f5d1fda6ef93ce28dbf33fa04039093d759dec80abf592a300cadc71b","inquiryEvidenceId":"benji-c4-unrecoveredAbuse-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"9fb9bae6a8d796bf5224946345153e9a013138625ee8a1c60e71538e67fe183f","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-unrecoveredAbuse-unresolved-reviewer-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"benji-c4-unrecoveredAbuse-unresolved-reviewer-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI. Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"relatedTransactions","roleId":"benji.manager"},{"dutyId":"fees","roleId":"benji.manager"},{"dutyId":"oversight","roleId":"benji.manager"},{"dutyId":"disclosure","roleId":"benji.manager"},{"dutyId":"relatedTransactions","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.administrator"},{"dutyId":"disclosure","roleId":"benji.transfer-agent"},{"dutyId":"relatedTransactions","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.subadministrator"},{"dutyId":"changes","roleId":"benji.board"},{"dutyId":"relatedTransactions","roleId":"benji.board"},{"dutyId":"fees","roleId":"benji.board"},{"dutyId":"oversight","roleId":"benji.board"},{"dutyId":"disclosure","roleId":"benji.board"},{"dutyId":"remedies","roleId":"benji.board"},{"dutyId":"changes","roleId":"benji.officers"},{"dutyId":"disclosure","roleId":"benji.officers"}]}},{"artifactHash":"895ce396a0b90db3b9f2c6099c0e62315375ec42dee2e44e9ac9a03d664ffb23","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/benji-c4-unrecoveredAbuse-unresolved-reviewer-inquiry-review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"benji-c4-unrecoveredAbuse-unresolved-reviewer-inquiry-review","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI. Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Western Asset control/conflict findings are a concrete material lead for subadvisor/manager/board oversight; old strategy harm is not attributed to BENJI.","Officers and shareholder duties omitted from original draft; actual delegation boundaries and unresolved proposed provider governance duties prevent complete domain approval."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["benji-20261009-v2-factual-benji-prospectus","benji-20261009-v2-factual-benji-trust","benji-20261009-v2-factual-benji-nmfp","benji-20261009-v2-factual-benji-custody","benji-20261009-v2-factual-benji-custody-2026","benji-20261009-v2-factual-jpm-bank-new-order-pdf","benji-20261009-v2-factual-benji-ncen","benji-20261009-v2-factual-benji-ncsr"],"subjects":[{"dutyId":"relatedTransactions","roleId":"benji.manager"},{"dutyId":"fees","roleId":"benji.manager"},{"dutyId":"oversight","roleId":"benji.manager"},{"dutyId":"disclosure","roleId":"benji.manager"},{"dutyId":"relatedTransactions","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.subadvisor"},{"dutyId":"disclosure","roleId":"benji.administrator"},{"dutyId":"disclosure","roleId":"benji.transfer-agent"},{"dutyId":"relatedTransactions","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.distributor"},{"dutyId":"disclosure","roleId":"benji.subadministrator"},{"dutyId":"changes","roleId":"benji.board"},{"dutyId":"relatedTransactions","roleId":"benji.board"},{"dutyId":"fees","roleId":"benji.board"},{"dutyId":"oversight","roleId":"benji.board"},{"dutyId":"disclosure","roleId":"benji.board"},{"dutyId":"remedies","roleId":"benji.board"},{"dutyId":"changes","roleId":"benji.officers"},{"dutyId":"disclosure","roleId":"benji.officers"}]},"inquiryArtifactHash":"9fb9bae6a8d796bf5224946345153e9a013138625ee8a1c60e71538e67fe183f","inquiryEvidenceId":"benji-c4-unrecoveredAbuse-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"548909e0420e87b03c7fc7ff3a89ec36f3e70038d1204dbb74c02a8597a7d636","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-missingKeyControl-noIndication-reviewer-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"jltxx-c2-missingKeyControl-noIndication-reviewer-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"responsibilities","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.subadministrator"},{"dutyId":"responsibilities","roleId":"jltxx.distributor"},{"dutyId":"responsibilities","roleId":"jltxx.custodian"},{"dutyId":"responsibilities","roleId":"jltxx.accountant"},{"dutyId":"responsibilities","roleId":"jltxx.transfer-agent"},{"dutyId":"responsibilities","roleId":"jltxx.auditor"},{"dutyId":"responsibilities","roleId":"jltxx.compliance"}]}},{"artifactHash":"7dc9d37da82fe9da53c03503e2f96fd0f972095efa3fb0e19ccbbd19af64716a","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-missingKeyControl-noIndication-reviewer-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"jltxx-c2-missingKeyControl-noIndication-reviewer-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"responsibilities","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.subadministrator"},{"dutyId":"responsibilities","roleId":"jltxx.distributor"},{"dutyId":"responsibilities","roleId":"jltxx.custodian"},{"dutyId":"responsibilities","roleId":"jltxx.accountant"},{"dutyId":"responsibilities","roleId":"jltxx.transfer-agent"},{"dutyId":"responsibilities","roleId":"jltxx.auditor"},{"dutyId":"responsibilities","roleId":"jltxx.compliance"}]},"inquiryArtifactHash":"548909e0420e87b03c7fc7ff3a89ec36f3e70038d1204dbb74c02a8597a7d636","inquiryEvidenceId":"jltxx-c2-missingKeyControl-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"aca8661c179d368eee92bbc28c92e7ecd141e6d08441ce8b243503699cdd6468","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-missingKeyControl-unresolved-reviewer-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"jltxx-c2-missingKeyControl-unresolved-reviewer-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC. Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"controls","roleId":"jltxx.manager"},{"dutyId":"service","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.administrator"},{"dutyId":"service","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.subadministrator"},{"dutyId":"service","roleId":"jltxx.subadministrator"},{"dutyId":"controls","roleId":"jltxx.distributor"},{"dutyId":"service","roleId":"jltxx.distributor"},{"dutyId":"controls","roleId":"jltxx.custodian"},{"dutyId":"service","roleId":"jltxx.custodian"},{"dutyId":"controls","roleId":"jltxx.accountant"},{"dutyId":"service","roleId":"jltxx.accountant"},{"dutyId":"controls","roleId":"jltxx.transfer-agent"},{"dutyId":"service","roleId":"jltxx.transfer-agent"},{"dutyId":"controls","roleId":"jltxx.auditor"},{"dutyId":"service","roleId":"jltxx.auditor"},{"dutyId":"controls","roleId":"jltxx.board"},{"dutyId":"controls","roleId":"jltxx.compliance"},{"dutyId":"service","roleId":"jltxx.compliance"}]}},{"artifactHash":"4aaf5d114363cc68ed8541dd4995bfe5038ccb99ad81b5b27bc4d8bf99986d68","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-missingKeyControl-unresolved-reviewer-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"jltxx-c2-missingKeyControl-unresolved-reviewer-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. 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Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"controls","roleId":"jltxx.manager"},{"dutyId":"service","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.administrator"},{"dutyId":"service","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.subadministrator"},{"dutyId":"service","roleId":"jltxx.subadministrator"},{"dutyId":"controls","roleId":"jltxx.distributor"},{"dutyId":"service","roleId":"jltxx.distributor"},{"dutyId":"controls","roleId":"jltxx.custodian"},{"dutyId":"service","roleId":"jltxx.custodian"},{"dutyId":"controls","roleId":"jltxx.accountant"},{"dutyId":"service","roleId":"jltxx.accountant"},{"dutyId":"controls","roleId":"jltxx.transfer-agent"},{"dutyId":"service","roleId":"jltxx.transfer-agent"},{"dutyId":"controls","roleId":"jltxx.auditor"},{"dutyId":"service","roleId":"jltxx.auditor"},{"dutyId":"controls","roleId":"jltxx.board"},{"dutyId":"controls","roleId":"jltxx.compliance"},{"dutyId":"service","roleId":"jltxx.compliance"}]},"inquiryArtifactHash":"aca8661c179d368eee92bbc28c92e7ecd141e6d08441ce8b243503699cdd6468","inquiryEvidenceId":"jltxx-c2-missingKeyControl-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"bd5a1166248afadd8a671fc7e6600682a174b3bbcbefcd23bb866c7eb1e0ace6","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-unassignedCoreFailure-noIndication-reviewer-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"jltxx-c2-unassignedCoreFailure-noIndication-reviewer-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"responsibilities","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.subadministrator"},{"dutyId":"responsibilities","roleId":"jltxx.distributor"},{"dutyId":"responsibilities","roleId":"jltxx.custodian"},{"dutyId":"responsibilities","roleId":"jltxx.accountant"},{"dutyId":"responsibilities","roleId":"jltxx.transfer-agent"},{"dutyId":"responsibilities","roleId":"jltxx.auditor"},{"dutyId":"responsibilities","roleId":"jltxx.compliance"}]}},{"artifactHash":"35d5c3b7337398fce26a92200c401b868565fc65955b5611769acd60971c5fec","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-unassignedCoreFailure-noIndication-reviewer-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"jltxx-c2-unassignedCoreFailure-noIndication-reviewer-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"responsibilities","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.subadministrator"},{"dutyId":"responsibilities","roleId":"jltxx.distributor"},{"dutyId":"responsibilities","roleId":"jltxx.custodian"},{"dutyId":"responsibilities","roleId":"jltxx.accountant"},{"dutyId":"responsibilities","roleId":"jltxx.transfer-agent"},{"dutyId":"responsibilities","roleId":"jltxx.auditor"},{"dutyId":"responsibilities","roleId":"jltxx.compliance"}]},"inquiryArtifactHash":"bd5a1166248afadd8a671fc7e6600682a174b3bbcbefcd23bb866c7eb1e0ace6","inquiryEvidenceId":"jltxx-c2-unassignedCoreFailure-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"f2c74908cd04c727387489783588dd11aa1a6faf393fa0ad9b1c001e98e19584","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-unassignedCoreFailure-unresolved-reviewer-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"jltxx-c2-unassignedCoreFailure-unresolved-reviewer-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC. Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"controls","roleId":"jltxx.manager"},{"dutyId":"service","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.administrator"},{"dutyId":"service","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.subadministrator"},{"dutyId":"service","roleId":"jltxx.subadministrator"},{"dutyId":"controls","roleId":"jltxx.distributor"},{"dutyId":"service","roleId":"jltxx.distributor"},{"dutyId":"controls","roleId":"jltxx.custodian"},{"dutyId":"service","roleId":"jltxx.custodian"},{"dutyId":"controls","roleId":"jltxx.accountant"},{"dutyId":"service","roleId":"jltxx.accountant"},{"dutyId":"controls","roleId":"jltxx.transfer-agent"},{"dutyId":"service","roleId":"jltxx.transfer-agent"},{"dutyId":"controls","roleId":"jltxx.auditor"},{"dutyId":"service","roleId":"jltxx.auditor"},{"dutyId":"controls","roleId":"jltxx.board"},{"dutyId":"controls","roleId":"jltxx.compliance"},{"dutyId":"service","roleId":"jltxx.compliance"}]}},{"artifactHash":"3e5f9b6ddef0e3487124d9b99db2986e63e1fdff6fe79fa5bdb4562e9fbd83d9","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c2-unassignedCoreFailure-unresolved-reviewer-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"jltxx-c2-unassignedCoreFailure-unresolved-reviewer-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC. Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Latest September N-MFP names JPMIM as administrator, agreeing with current SAI; exact operative legal-counterparty terms remain conflicted with PartC.","Actual delegated custody/processing inventory and use of pooled transfer accounts not established by permission clauses."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"controls","roleId":"jltxx.manager"},{"dutyId":"service","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.administrator"},{"dutyId":"service","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.subadministrator"},{"dutyId":"service","roleId":"jltxx.subadministrator"},{"dutyId":"controls","roleId":"jltxx.distributor"},{"dutyId":"service","roleId":"jltxx.distributor"},{"dutyId":"controls","roleId":"jltxx.custodian"},{"dutyId":"service","roleId":"jltxx.custodian"},{"dutyId":"controls","roleId":"jltxx.accountant"},{"dutyId":"service","roleId":"jltxx.accountant"},{"dutyId":"controls","roleId":"jltxx.transfer-agent"},{"dutyId":"service","roleId":"jltxx.transfer-agent"},{"dutyId":"controls","roleId":"jltxx.auditor"},{"dutyId":"service","roleId":"jltxx.auditor"},{"dutyId":"controls","roleId":"jltxx.board"},{"dutyId":"controls","roleId":"jltxx.compliance"},{"dutyId":"service","roleId":"jltxx.compliance"}]},"inquiryArtifactHash":"f2c74908cd04c727387489783588dd11aa1a6faf393fa0ad9b1c001e98e19584","inquiryEvidenceId":"jltxx-c2-unassignedCoreFailure-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"7c216f9c96c9561a0f0cb5b3dc8b3cfd105fef623197c4d17cc618e937c8b6f9","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"jltxx-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. 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Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Administrator reported service identity improved by September N-MFP; contractual-duty counterpart and recourse against it remain unresolved.","Current officer/delegation and provider-specific governance applicability still incomplete; do not call every provider a fee decision maker."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"oversight","roleId":"jltxx.auditor"},{"dutyId":"disclosure","roleId":"jltxx.auditor"},{"dutyId":"oversight","roleId":"jltxx.compliance"},{"dutyId":"disclosure","roleId":"jltxx.compliance"},{"dutyId":"changes","roleId":"jltxx.shareholders"},{"dutyId":"remedies","roleId":"jltxx.shareholders"}]}},{"artifactHash":"a0e4c1adaa836be430b18d07552c5072d7765a9ef33f19a3a9129faf884f8525","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"jltxx-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. 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Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Administrator reported service identity improved by September N-MFP; contractual-duty counterpart and recourse against it remain unresolved.","Current officer/delegation and provider-specific governance applicability still incomplete; do not call every provider a fee decision maker."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"oversight","roleId":"jltxx.auditor"},{"dutyId":"disclosure","roleId":"jltxx.auditor"},{"dutyId":"oversight","roleId":"jltxx.compliance"},{"dutyId":"disclosure","roleId":"jltxx.compliance"},{"dutyId":"changes","roleId":"jltxx.shareholders"},{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},"inquiryArtifactHash":"7c216f9c96c9561a0f0cb5b3dc8b3cfd105fef623197c4d17cc618e937c8b6f9","inquiryEvidenceId":"jltxx-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"a90e0c1793ba3e1a1b5c3a84870b65ac22a915cb5a17b8866e92636832438ab4","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"jltxx-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Administrator reported service identity improved by September N-MFP; contractual-duty counterpart and recourse against it remain unresolved. Current officer/delegation and provider-specific governance applicability still incomplete; do not call every provider a fee decision maker.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Administrator reported service identity improved by September N-MFP; contractual-duty counterpart and recourse against it remain unresolved.","Current officer/delegation and provider-specific governance applicability still incomplete; do not call every provider a fee decision maker."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["jltxx-20261009-v2-factual-jltxx-initial485","jltxx-20261009-v2-factual-jltxx-trust-2026","jltxx-20261009-v2-factual-jltxx-bylaws-2026","jltxx-20261009-v2-factual-jltxx-prospectus","jltxx-20261009-v2-factual-jltxx-custody","jltxx-20261009-v2-factual-jltxx-custody-current-amend","jltxx-20261009-v2-factual-jltxx-custody-schedule","jltxx-20261009-v2-factual-jltxx-finra-detail","jltxx-20261009-v2-factual-jpm-bank-new-order-pdf","jltxx-20261009-v2-factual-jltxx-nmfp"],"subjects":[{"dutyId":"relatedTransactions","roleId":"jltxx.manager"},{"dutyId":"fees","roleId":"jltxx.manager"},{"dutyId":"oversight","roleId":"jltxx.manager"},{"dutyId":"disclosure","roleId":"jltxx.manager"},{"dutyId":"disclosure","roleId":"jltxx.administrator"},{"dutyId":"disclosure","roleId":"jltxx.subadministrator"},{"dutyId":"relatedTransactions","roleId":"jltxx.distributor"},{"dutyId":"disclosure","roleId":"jltxx.distributor"},{"dutyId":"disclosure","roleId":"jltxx.accountant"},{"dutyId":"disclosure","roleId":"jltxx.transfer-agent"},{"dutyId":"changes","roleId":"jltxx.board"},{"dutyId":"relatedTransactions","roleId":"jltxx.board"},{"dutyId":"fees","roleId":"jltxx.board"},{"dutyId":"oversight","roleId":"jltxx.board"},{"dutyId":"disclosure","roleId":"jltxx.board"},{"dutyId":"remedies","roleId":"jltxx.board"},{"dutyId":"disclosure","roleId":"jltxx.officers"},{"dutyId":"remedies","roleId":"jltxx.officers"}]}},{"artifactHash":"dfad77aab71ac306019f07d55cb410856a9e7ed3520f64facdc74a7d4d695072","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/jltxx-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"jltxx-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. 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exact locator and limits in frozen source review","observedAt":"2026-10-09T09:10:03.117Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T09:10:03.117Z","sourceClass":"T1","sourceUrl":"https://www.regafi.fr/api/explore/v2.1/catalog/datasets/prd-banque-autorisations/records?where=id_referentiel%3D751211&limit=100","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"cabe22259e5cd6c8c0918f55f35e2ccd53500d724108944dada768bd3ac3cc0c","artifactPath":"work/ratings/2026-10-09-v2/assets/core/r2/cabe22259e5cd6c8c0918f55f35e2ccd53500d724108944dada768bd3ac3cc0c","assetId":"ustbl","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Undated content at acquisition","effectiveAt":null,"id":"ustbl-20261009-v2-factual-regafi-caceis-authorizations","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Archived original; exact locator and limits in frozen source review","observedAt":"2026-10-09T09:10:03.068Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T09:10:03.068Z","sourceClass":"T1","sourceUrl":"https://www.regafi.fr/api/explore/v2.1/catalog/datasets/prd-banque-autorisations/records?where=id_referentiel%3D15610&limit=100","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"ba75836c773833b23c0a5eb531811caab4eb9722584a5e7911dc85d88db06c2c","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-missingKeyControl-noIndication-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c2-missingKeyControl-noIndication-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; 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Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"responsibilities","roleId":"ustbl.manager"},{"dutyId":"responsibilities","roleId":"ustbl.registry"},{"dutyId":"responsibilities","roleId":"ustbl.issuance-account"},{"dutyId":"responsibilities","roleId":"ustbl.order-centralizer"},{"dutyId":"responsibilities","roleId":"ustbl.distributor"},{"dutyId":"responsibilities","roleId":"ustbl.accountant"},{"dutyId":"responsibilities","roleId":"ustbl.custodian"},{"dutyId":"responsibilities","roleId":"ustbl.emoney-custodian"},{"dutyId":"responsibilities","roleId":"ustbl.auditor"}]}},{"artifactHash":"e96effb5f922829ca82c5bdc56a5a946138384b8881266dd616ba543f0f552bf","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-missingKeyControl-noIndication-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c2-missingKeyControl-noIndication-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"responsibilities","roleId":"ustbl.manager"},{"dutyId":"responsibilities","roleId":"ustbl.registry"},{"dutyId":"responsibilities","roleId":"ustbl.issuance-account"},{"dutyId":"responsibilities","roleId":"ustbl.order-centralizer"},{"dutyId":"responsibilities","roleId":"ustbl.distributor"},{"dutyId":"responsibilities","roleId":"ustbl.accountant"},{"dutyId":"responsibilities","roleId":"ustbl.custodian"},{"dutyId":"responsibilities","roleId":"ustbl.emoney-custodian"},{"dutyId":"responsibilities","roleId":"ustbl.auditor"}]},"inquiryArtifactHash":"ba75836c773833b23c0a5eb531811caab4eb9722584a5e7911dc85d88db06c2c","inquiryEvidenceId":"ustbl-c2-missingKeyControl-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"b7e860304db2461e1c50964e7a0d54ba9d88b20f52471d379aaf2e9a8069fa4d","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-missingKeyControl-unresolved-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c2-missingKeyControl-unresolved-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. 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Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"controls","roleId":"ustbl.manager"},{"dutyId":"service","roleId":"ustbl.manager"},{"dutyId":"controls","roleId":"ustbl.registry"},{"dutyId":"service","roleId":"ustbl.registry"},{"dutyId":"controls","roleId":"ustbl.issuance-account"},{"dutyId":"service","roleId":"ustbl.issuance-account"},{"dutyId":"controls","roleId":"ustbl.order-centralizer"},{"dutyId":"service","roleId":"ustbl.order-centralizer"},{"dutyId":"controls","roleId":"ustbl.distributor"},{"dutyId":"service","roleId":"ustbl.distributor"},{"dutyId":"controls","roleId":"ustbl.accountant"},{"dutyId":"service","roleId":"ustbl.accountant"},{"dutyId":"controls","roleId":"ustbl.custodian"},{"dutyId":"service","roleId":"ustbl.custodian"},{"dutyId":"controls","roleId":"ustbl.emoney-custodian"},{"dutyId":"service","roleId":"ustbl.emoney-custodian"},{"dutyId":"controls","roleId":"ustbl.auditor"},{"dutyId":"service","roleId":"ustbl.auditor"},{"dutyId":"controls","roleId":"ustbl.board"}]}},{"artifactHash":"5eeb386acd184a977413519c454e17918867a31a6341511857a0776d30d83391","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-missingKeyControl-unresolved-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c2-missingKeyControl-unresolved-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. 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Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"controls","roleId":"ustbl.manager"},{"dutyId":"service","roleId":"ustbl.manager"},{"dutyId":"controls","roleId":"ustbl.registry"},{"dutyId":"service","roleId":"ustbl.registry"},{"dutyId":"controls","roleId":"ustbl.issuance-account"},{"dutyId":"service","roleId":"ustbl.issuance-account"},{"dutyId":"controls","roleId":"ustbl.order-centralizer"},{"dutyId":"service","roleId":"ustbl.order-centralizer"},{"dutyId":"controls","roleId":"ustbl.distributor"},{"dutyId":"service","roleId":"ustbl.distributor"},{"dutyId":"controls","roleId":"ustbl.accountant"},{"dutyId":"service","roleId":"ustbl.accountant"},{"dutyId":"controls","roleId":"ustbl.custodian"},{"dutyId":"service","roleId":"ustbl.custodian"},{"dutyId":"controls","roleId":"ustbl.emoney-custodian"},{"dutyId":"service","roleId":"ustbl.emoney-custodian"},{"dutyId":"controls","roleId":"ustbl.auditor"},{"dutyId":"service","roleId":"ustbl.auditor"},{"dutyId":"controls","roleId":"ustbl.board"}]},"inquiryArtifactHash":"b7e860304db2461e1c50964e7a0d54ba9d88b20f52471d379aaf2e9a8069fa4d","inquiryEvidenceId":"ustbl-c2-missingKeyControl-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"09bdbdc71af609f8948da4d2ab627179ef2bc1a67c62a4bb6d8c923180e92f6c","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-unassignedCoreFailure-noIndication-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c2-unassignedCoreFailure-noIndication-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"responsibilities","roleId":"ustbl.manager"},{"dutyId":"responsibilities","roleId":"ustbl.registry"},{"dutyId":"responsibilities","roleId":"ustbl.issuance-account"},{"dutyId":"responsibilities","roleId":"ustbl.order-centralizer"},{"dutyId":"responsibilities","roleId":"ustbl.distributor"},{"dutyId":"responsibilities","roleId":"ustbl.accountant"},{"dutyId":"responsibilities","roleId":"ustbl.custodian"},{"dutyId":"responsibilities","roleId":"ustbl.emoney-custodian"},{"dutyId":"responsibilities","roleId":"ustbl.auditor"}]}},{"artifactHash":"8670b0f27745c57b5b9aa028a98aa08f46d709a8ac833b82fddec649ac1d2a9c","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-unassignedCoreFailure-noIndication-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c2-unassignedCoreFailure-noIndication-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"responsibilities","roleId":"ustbl.manager"},{"dutyId":"responsibilities","roleId":"ustbl.registry"},{"dutyId":"responsibilities","roleId":"ustbl.issuance-account"},{"dutyId":"responsibilities","roleId":"ustbl.order-centralizer"},{"dutyId":"responsibilities","roleId":"ustbl.distributor"},{"dutyId":"responsibilities","roleId":"ustbl.accountant"},{"dutyId":"responsibilities","roleId":"ustbl.custodian"},{"dutyId":"responsibilities","roleId":"ustbl.emoney-custodian"},{"dutyId":"responsibilities","roleId":"ustbl.auditor"}]},"inquiryArtifactHash":"09bdbdc71af609f8948da4d2ab627179ef2bc1a67c62a4bb6d8c923180e92f6c","inquiryEvidenceId":"ustbl-c2-unassignedCoreFailure-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"84381bee7c660b302c27da9a15a75bb3c7def5551c34f5e9a25c2bd2da6e30c3","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-unassignedCoreFailure-unresolved-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c2-unassignedCoreFailure-unresolved-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates. Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"controls","roleId":"ustbl.manager"},{"dutyId":"service","roleId":"ustbl.manager"},{"dutyId":"controls","roleId":"ustbl.registry"},{"dutyId":"service","roleId":"ustbl.registry"},{"dutyId":"controls","roleId":"ustbl.issuance-account"},{"dutyId":"service","roleId":"ustbl.issuance-account"},{"dutyId":"controls","roleId":"ustbl.order-centralizer"},{"dutyId":"service","roleId":"ustbl.order-centralizer"},{"dutyId":"controls","roleId":"ustbl.distributor"},{"dutyId":"service","roleId":"ustbl.distributor"},{"dutyId":"controls","roleId":"ustbl.accountant"},{"dutyId":"service","roleId":"ustbl.accountant"},{"dutyId":"controls","roleId":"ustbl.custodian"},{"dutyId":"service","roleId":"ustbl.custodian"},{"dutyId":"controls","roleId":"ustbl.emoney-custodian"},{"dutyId":"service","roleId":"ustbl.emoney-custodian"},{"dutyId":"controls","roleId":"ustbl.auditor"},{"dutyId":"service","roleId":"ustbl.auditor"},{"dutyId":"controls","roleId":"ustbl.board"}]}},{"artifactHash":"49e0ec396f3b37a8e1ac17a5e9644a348fe52c9c4f67ef321bb391504741d976","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c2-unassignedCoreFailure-unresolved-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c2-unassignedCoreFailure-unresolved-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates. Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone.","criterionId":"C2","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Current fund-specific delegated custody/control inventory is unclosed; prospectus expressly points to external subcustodian list and request-based updates.","Historical TFC control findings retained; current exact-role basic-control implementation is not proved by API totals alone."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"controls","roleId":"ustbl.manager"},{"dutyId":"service","roleId":"ustbl.manager"},{"dutyId":"controls","roleId":"ustbl.registry"},{"dutyId":"service","roleId":"ustbl.registry"},{"dutyId":"controls","roleId":"ustbl.issuance-account"},{"dutyId":"service","roleId":"ustbl.issuance-account"},{"dutyId":"controls","roleId":"ustbl.order-centralizer"},{"dutyId":"service","roleId":"ustbl.order-centralizer"},{"dutyId":"controls","roleId":"ustbl.distributor"},{"dutyId":"service","roleId":"ustbl.distributor"},{"dutyId":"controls","roleId":"ustbl.accountant"},{"dutyId":"service","roleId":"ustbl.accountant"},{"dutyId":"controls","roleId":"ustbl.custodian"},{"dutyId":"service","roleId":"ustbl.custodian"},{"dutyId":"controls","roleId":"ustbl.emoney-custodian"},{"dutyId":"service","roleId":"ustbl.emoney-custodian"},{"dutyId":"controls","roleId":"ustbl.auditor"},{"dutyId":"service","roleId":"ustbl.auditor"},{"dutyId":"controls","roleId":"ustbl.board"}]},"inquiryArtifactHash":"84381bee7c660b302c27da9a15a75bb3c7def5551c34f5e9a25c2bd2da6e30c3","inquiryEvidenceId":"ustbl-c2-unassignedCoreFailure-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"fa2dc100e67523e5ca05812f43d290891103c956e86e5c350be27b7169b3471e","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"oversight","roleId":"ustbl.auditor"},{"dutyId":"disclosure","roleId":"ustbl.auditor"},{"dutyId":"changes","roleId":"ustbl.shareholders"},{"dutyId":"remedies","roleId":"ustbl.shareholders"}]}},{"artifactHash":"3ef36909b49221000e16b9d03da9e7abd2956e1d4983b14165e88b37223aaa80","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"oversight","roleId":"ustbl.auditor"},{"dutyId":"disclosure","roleId":"ustbl.auditor"},{"dutyId":"changes","roleId":"ustbl.shareholders"},{"dutyId":"remedies","roleId":"ustbl.shareholders"}]},"inquiryArtifactHash":"fa2dc100e67523e5ca05812f43d290891103c956e86e5c350be27b7169b3471e","inquiryEvidenceId":"ustbl-c4-materialUnconstrainedDefect-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"dbe935a7dfd78d1685c3dad0ef57494273f4f08dcf80973483b40fb127dbf453","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft. Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"changes","roleId":"ustbl.manager"},{"dutyId":"relatedTransactions","roleId":"ustbl.manager"},{"dutyId":"fees","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.manager"},{"dutyId":"remedies","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.registry"},{"dutyId":"relatedTransactions","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.accountant"},{"dutyId":"oversight","roleId":"ustbl.custodian"},{"dutyId":"remedies","roleId":"ustbl.custodian"},{"dutyId":"changes","roleId":"ustbl.board"},{"dutyId":"relatedTransactions","roleId":"ustbl.board"},{"dutyId":"fees","roleId":"ustbl.board"},{"dutyId":"oversight","roleId":"ustbl.board"},{"dutyId":"disclosure","roleId":"ustbl.board"},{"dutyId":"remedies","roleId":"ustbl.board"},{"dutyId":"changes","roleId":"ustbl.officers"},{"dutyId":"disclosure","roleId":"ustbl.officers"},{"dutyId":"oversight","roleId":"ustbl.compliance"},{"dutyId":"disclosure","roleId":"ustbl.compliance"}]}},{"artifactHash":"96cc770ec8388b64f77d7a7e504e3facbf1f6376d34847301715ac6c23b8201b","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft. Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"changes","roleId":"ustbl.manager"},{"dutyId":"relatedTransactions","roleId":"ustbl.manager"},{"dutyId":"fees","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.manager"},{"dutyId":"remedies","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.registry"},{"dutyId":"relatedTransactions","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.accountant"},{"dutyId":"oversight","roleId":"ustbl.custodian"},{"dutyId":"remedies","roleId":"ustbl.custodian"},{"dutyId":"changes","roleId":"ustbl.board"},{"dutyId":"relatedTransactions","roleId":"ustbl.board"},{"dutyId":"fees","roleId":"ustbl.board"},{"dutyId":"oversight","roleId":"ustbl.board"},{"dutyId":"disclosure","roleId":"ustbl.board"},{"dutyId":"remedies","roleId":"ustbl.board"},{"dutyId":"changes","roleId":"ustbl.officers"},{"dutyId":"disclosure","roleId":"ustbl.officers"},{"dutyId":"oversight","roleId":"ustbl.compliance"},{"dutyId":"disclosure","roleId":"ustbl.compliance"}]},"inquiryArtifactHash":"dbe935a7dfd78d1685c3dad0ef57494273f4f08dcf80973483b40fb127dbf453","inquiryEvidenceId":"ustbl-c4-materialUnconstrainedDefect-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"b43c46a407fbca4aff977d5a562f36122cef2dc729175fc46c654d5412f72ee8","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-unrecoveredAbuse-noIndication-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c4-unrecoveredAbuse-noIndication-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"oversight","roleId":"ustbl.auditor"},{"dutyId":"disclosure","roleId":"ustbl.auditor"},{"dutyId":"changes","roleId":"ustbl.shareholders"},{"dutyId":"remedies","roleId":"ustbl.shareholders"}]}},{"artifactHash":"3a2ac3fc0832a98ac2bf64d1360d9a89edd93edba7873fb5eaebf60c2663c343","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-unrecoveredAbuse-noIndication-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c4-unrecoveredAbuse-noIndication-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. No indication of this lower condition was identified for these verified formal assignment/oversight/recourse subjects within that documentary inquiry. This is not current universal nonoccurrence, full-provider-control assurance or approval of omitted/pending subjects.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"noIndication","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"oversight","roleId":"ustbl.auditor"},{"dutyId":"disclosure","roleId":"ustbl.auditor"},{"dutyId":"changes","roleId":"ustbl.shareholders"},{"dutyId":"remedies","roleId":"ustbl.shareholders"}]},"inquiryArtifactHash":"b43c46a407fbca4aff977d5a562f36122cef2dc729175fc46c654d5412f72ee8","inquiryEvidenceId":"ustbl-c4-unrecoveredAbuse-noIndication-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"c93b060e7fd7b4bf64ae4f4c41bd6e6e4d21e184fb884f45a1689b5aba1bfeed","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-unrecoveredAbuse-unresolved-reviewer-inquiry.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded analytical inquiry","effectiveAt":null,"id":"ustbl-c4-unrecoveredAbuse-unresolved-reviewer-inquiry","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact bounded inquiry","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2Inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft. Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"changes","roleId":"ustbl.manager"},{"dutyId":"relatedTransactions","roleId":"ustbl.manager"},{"dutyId":"fees","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.manager"},{"dutyId":"remedies","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.registry"},{"dutyId":"relatedTransactions","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.accountant"},{"dutyId":"oversight","roleId":"ustbl.custodian"},{"dutyId":"remedies","roleId":"ustbl.custodian"},{"dutyId":"changes","roleId":"ustbl.board"},{"dutyId":"relatedTransactions","roleId":"ustbl.board"},{"dutyId":"fees","roleId":"ustbl.board"},{"dutyId":"oversight","roleId":"ustbl.board"},{"dutyId":"disclosure","roleId":"ustbl.board"},{"dutyId":"remedies","roleId":"ustbl.board"},{"dutyId":"changes","roleId":"ustbl.officers"},{"dutyId":"disclosure","roleId":"ustbl.officers"},{"dutyId":"oversight","roleId":"ustbl.compliance"},{"dutyId":"disclosure","roleId":"ustbl.compliance"}]}},{"artifactHash":"002ec1ace606fd93259754d4c7b6015a6f153a86cbc351c5b757c1960e5cde73","artifactPath":"work/ratings/2026-10-09-v2/assets/core/reviewer-inquiry/ustbl-c4-unrecoveredAbuse-unresolved-reviewer-inquiry-review.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Distinct bounded inquiry review","effectiveAt":null,"id":"ustbl-c4-unrecoveredAbuse-unresolved-reviewer-inquiry-review","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Exact-payload review; whole case withheld","observedAt":"2026-10-09T10:32:23.083Z","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-09T10:47:47.850Z","sourceClass":"T3","sourceUrl":"https://www.twentyfirstcapital.com/admin/backend/api/documents/parts/54/2026-09-01__spiko-sicav---prospectus-vfr-20260901.pdf","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded inquiry concluded 2026-10-09T10:32:23.083056+00:00; source collection2026-10-09, assessment2026-10-09. Reviewed only the listed archived primary documents and their original dates: current prospectus/constitutional assignments and controls, dated activity/audit and scoped regulator records. Subjects are the exact listed role-duty pairs. The following material subject inputs remain unresolved: Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft. Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either.","criterionId":"C4","limitations":["Original fact dates remain; fresh retrieval does not refresh historical operations.","Complete case inventory and positive baseline are not approved. Pending duty applicability is outside this verified subset and must prevent complete criterion admission.","Known broad discretion/affiliation is not a confirmed25/0; neither issuer silence nor a court clause alone proves universal absence.","No login, contact, private-library access, code/DB/live changes or whole-candidate approval.","Prospectus gives manager as well as board amendment power (Art23); shareholder/executive/RCCI roles omitted from draft.","Current effectiveness across manager conflicts/disclosure and delegated Spiko governance duties remains incompletely bound. KID/prospectus conflict is B2; no automatic C4 defect, but no blanket effective-disclosure assertion either."],"outcome":"unresolved","preparedBy":"/root/treasury_v2_candidate_preparation","sourceEvidenceIds":["ustbl-20261009-v2-factual-ustbl-manager-prospectus-fr","ustbl-20261009-v2-factual-ustbl-annual2025","ustbl-20261009-v2-factual-tfc-complaints","ustbl-20261009-v2-factual-tfc-conflicts","ustbl-20261009-v2-factual-french-governance-law-web","ustbl-20261009-v2-factual-french-sicav-exceptions-search","ustbl-20261009-v2-factual-ustbl-semiannual2026","ustbl-20261009-v2-factual-ustbl-api-totals","ustbl-20261009-v2-factual-ustbl-usd-kid-fr","ustbl-20261009-v2-factual-ustbl-tfc-amf-sanction-2021","ustbl-20261009-v2-factual-regafi-spiko-entity","ustbl-20261009-v2-factual-regafi-caceis-entity","ustbl-20261009-v2-factual-regafi-spiko-authorizations","ustbl-20261009-v2-factual-regafi-caceis-authorizations"],"subjects":[{"dutyId":"changes","roleId":"ustbl.manager"},{"dutyId":"relatedTransactions","roleId":"ustbl.manager"},{"dutyId":"fees","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.manager"},{"dutyId":"remedies","roleId":"ustbl.manager"},{"dutyId":"disclosure","roleId":"ustbl.registry"},{"dutyId":"relatedTransactions","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.distributor"},{"dutyId":"disclosure","roleId":"ustbl.accountant"},{"dutyId":"oversight","roleId":"ustbl.custodian"},{"dutyId":"remedies","roleId":"ustbl.custodian"},{"dutyId":"changes","roleId":"ustbl.board"},{"dutyId":"relatedTransactions","roleId":"ustbl.board"},{"dutyId":"fees","roleId":"ustbl.board"},{"dutyId":"oversight","roleId":"ustbl.board"},{"dutyId":"disclosure","roleId":"ustbl.board"},{"dutyId":"remedies","roleId":"ustbl.board"},{"dutyId":"changes","roleId":"ustbl.officers"},{"dutyId":"disclosure","roleId":"ustbl.officers"},{"dutyId":"oversight","roleId":"ustbl.compliance"},{"dutyId":"disclosure","roleId":"ustbl.compliance"}]},"inquiryArtifactHash":"c93b060e7fd7b4bf64ae4f4c41bd6e6e4d21e184fb884f45a1689b5aba1bfeed","inquiryEvidenceId":"ustbl-c4-unrecoveredAbuse-unresolved-reviewer-inquiry","reviewedAt":"2026-10-09T10:32:23.083056+00:00","reviewer":"/root/treasury_v2_core_facts_review"}},{"artifactHash":"5809b0ea1ca9a457fe4c708a6c54ef97a22e88b8eee148b303ffc94ac78f76b8","artifactPath":"work/ratings/2026-10-09-v2/assets/identity/raw/5809b0ea1ca9a457fe4c708a6c54ef97a22e88b8eee148b303ffc94ac78f76b8","assetId":"cumiu","attestations":["legalIdentity"],"authority":"issuer","deployments":[],"documentVersion":"Issuer prospectus dated 2026-05-26; source fact date retained","effectiveAt":null,"id":"cumiu-20261009-public-r1-class-i-prospectus","identity":{"issuer":"ChinaAMC Digital OFC","product":"ChinaAMC USD Digital Money Market Fund","shareClass":"Tokenized Unlisted Class I USD"},"locator":"May 26, 2026 prospectus, Appendix 2 printed pp153-154: ChinaAMC USD Digital Money Market Fund Class I USD; Schedule 6 printed pp129-130: tokenized unlisted shares and authoritative register. This attests the legal class, not explorer proxy adoption.","observedAt":"2026-10-09T08:18:08.725Z","product":"ChinaAMC USD Digital Money Market Fund","retrievedAt":"2026-10-09T08:18:08.725Z","sourceClass":"T1","sourceUrl":"https://www.chinaamc.com.hk/jeecg-boot/temp/E-Prospectus-ChinaAMCDigitalOFC%28ChinaAMCDigitalGoldETF%29%2826May2026%29_1779749837906.pdf","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"7ae5215951a879fec78f36c5c7e50ae437e70e6c628b225c3b9704ed3b12c7bd","artifactPath":"work/ratings/2026-10-09-v2/assets/identity/raw/7ae5215951a879fec78f36c5c7e50ae437e70e6c628b225c3b9704ed3b12c7bd","assetId":"cumiu","attestations":["legalIdentity"],"authority":"issuer","deployments":[],"documentVersion":"Issuer factsheet dated 2026-07-31; source fact date retained","effectiveAt":null,"id":"cumiu-20261009-public-r1-class-i-factsheet","identity":{"issuer":"ChinaAMC Digital OFC","product":"ChinaAMC USD Digital Money Market Fund","shareClass":"Tokenized Unlisted Class I USD"},"locator":"July 31, 2026 factsheet printed p1: Tokenized Unlisted Class I USD, ISIN HK0001153516, under ChinaAMC USD Digital Money Market Fund. This attests the legal class, not explorer proxy adoption.","observedAt":"2026-10-09T08:18:08.351Z","product":"ChinaAMC USD Digital Money Market Fund","retrievedAt":"2026-10-09T08:18:08.351Z","sourceClass":"T1","sourceUrl":"https://www.chinaamc.com.hk/jeecg-boot/temp/Factsheet_USDDTMMF_20260731_EN_1786516861708.pdf","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"0a746808a359da8093df44d8a9d90cae7de7185873ee69fcffed34ebaef19f8f","artifactPath":"work/ratings/2026-10-09-v2/public-followup/identity/raw/0a746808a359da8093df44d8a9d90cae7de7185873ee69fcffed34ebaef19f8f","assetId":"cumiu","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Issuer audited annual statement for period ended 2025-12-31; audit opinion signed 2026-04-29","effectiveAt":null,"id":"cumiu-20261009-public-r1-annual-2025","identity":{"issuer":"ChinaAMC Digital OFC","product":"ChinaAMC USD Digital Money Market Fund","shareClass":"Tokenized Unlisted Class I USD"},"locator":"Auditor opinion printed pp4-8; related Class I USD holder printed p32/PDF35; 5,027,451.2410 Class I USD shares printed p35/PDF38. Historical legal-class evidence only.","observedAt":"2026-04-30T00:00:00Z","product":"ChinaAMC USD Digital Money Market Fund","retrievedAt":"2026-10-09T11:25:33.544884+00:00","sourceClass":"T1","sourceUrl":"https://www.hkexnews.hk/listedco/listconews/sehk/2026/0430/2026043003279_c.pdf"},{"artifactHash":"cdc37cd74ef14b6ef9e95246b6fcb826df490b7ed66ccc221c840d96cd6ceaa9","artifactPath":"work/ratings/2026-10-09-v2/public-followup/identity/raw/cdc37cd74ef14b6ef9e95246b6fcb826df490b7ed66ccc221c840d96cd6ceaa9","assetId":"ousg","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Connecticut stipulation executed 2025-12-12; historical enforcement instrument","effectiveAt":null,"id":"ousg-20261009-public-r1-ct-stipulation","identity":{"issuer":"Ondo I LP","product":"Ondo Short-Term US Government Bond Fund","shareClass":"Limited partnership interests represented by OUSG tokens"},"locator":"Entity and role recitals; settlement clauses: $1,000 adviser and $500 fund administrative fines due by execution, refrain-from-violation terms, reserved enforcement authority; settled without admission or denial. No current C1 inference.","observedAt":"2025-12-12T00:00:00Z","product":"Ondo Short-Term US Government Bond Fund","retrievedAt":"2026-10-09T11:24:57.466808+00:00","sourceClass":"T1","sourceUrl":"https://portal.ct.gov/-/media/dob/enforcement/securities/2025-sbid/ondo-capital-management-llc-ondo-i-lp-stipulation.pdf?hash=CA77228791C8890C4194C7E54F16152F&rev=55c57a06af684d56bf520590c9be8b29"},{"artifactHash":"cc7d650650bd302a0eebfd99bda551fc38187da70060ee8e54bd292a319ac66d","artifactPath":"work/ratings/2026-10-09-v2/public-followup/identity/raw/cc7d650650bd302a0eebfd99bda551fc38187da70060ee8e54bd292a319ac66d","assetId":"vbill","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Securitize Corp. S-1 filed 2026-07-31; included Securitize, Inc. and subsidiaries 2025 annual financial statements","effectiveAt":null,"id":"vbill-20261009-public-r1-securitize-accounting-note","identity":{"issuer":"VanEck Treasury Fund Ltd","product":"VanEck Treasury Fund","shareClass":"Blockchain-recorded fund interests marketed as VBILL; governing PPM share-class designation not public"},"locator":"Complete filing context places VBILL paragraph in Note 2, printed F-94, 2025 annual statements. Historical 2025-12-31 sVBILL holding; accounting/economic characterization, not VanEck legal-class terms.","observedAt":"2026-07-31T00:00:00Z","product":"VanEck Treasury Fund","retrievedAt":"2026-10-09T11:25:05.521627+00:00","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/2094496/000162828026051182/R54.htm"},{"artifactHash":"767b237194359e7fffd3dba0475a4b8e9eeaf3d36444d2c7af822d0d1629d159","artifactPath":"work/ratings/2026-10-09-v2/public-followup/evidence-review/sec-filing-index.raw","assetId":"vbill","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Securitize Corp. S-1 filed 2026-07-31; 2025 financial statement period","effectiveAt":null,"id":"vbill-20261009-public-r1-s1-filing-index","identity":{"issuer":"VanEck Treasury Fund Ltd","product":"VanEck Treasury Fund","shareClass":"Blockchain-recorded fund interests marketed as VBILL; governing PPM share-class designation not public"},"locator":"SEC accession index 0001628280-26-051182 identifies Securitize Corp. S-1 filing dated July 31, 2026; provenance only.","observedAt":"2026-07-31T00:00:00Z","product":"VanEck Treasury Fund","retrievedAt":"2026-10-09T11:35:08.430Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/2094496/000162828026051182/0001628280-26-051182-index.html"},{"artifactHash":"eb335c363c4dd1a4063f2634b18fc7fb6003b72f7c728b61e1eb4b1c162c822b","artifactPath":"work/ratings/2026-10-09-v2/public-followup/evidence-review/securitize-s1.raw","assetId":"vbill","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Securitize Corp. S-1 filed 2026-07-31; 2025 financial statement period","effectiveAt":null,"id":"vbill-20261009-public-r1-securitize-full-s1","identity":{"issuer":"VanEck Treasury Fund Ltd","product":"VanEck Treasury Fund","shareClass":"Blockchain-recorded fund interests marketed as VBILL; governing PPM share-class designation not public"},"locator":"Full S-1: Securitize, Inc. and subsidiaries 2025 annual statements, Note 2 printed F-94, not the visually adjacent March 31, 2026 header.","observedAt":"2026-07-31T00:00:00Z","product":"VanEck Treasury Fund","retrievedAt":"2026-10-09T11:35:22.407Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/2094496/000162828026051182/secz-20260731.htm"},{"artifactHash":"405593172238852d552b317bb365c8bc1e044fb2efc46ffb8b0e2e74444ddaf9","artifactPath":"work/ratings/2026-10-09-v2/public-followup/identity-r2/raw/405593172238852d552b317bb365c8bc1e044fb2efc46ffb8b0e2e74444ddaf9","assetId":"cumiu","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Issuer report/announcement published 2026-08-28; report period 2026-06-30","effectiveAt":null,"id":"cumiu-20261009-public-r1-semiannual-2026","identity":{"issuer":"ChinaAMC Digital OFC","product":"ChinaAMC USD Digital Money Market Fund","shareClass":"Tokenized Unlisted Class I USD"},"locator":"Unaudited June 30, 2026 report: role directory printed p1/PDF4; Class I USD 5,301,526.7589 shares and USD103.5487 NAV/share printed p6/PDF9. Directory names Standard Chartered Trust (Hong Kong) Limited as custodian, conflicting with earlier Trustee label. No proxy adoption.","observedAt":"2026-08-28T00:00:00Z","product":"ChinaAMC USD Digital Money Market Fund","retrievedAt":"2026-10-09T11:35:02.160851+00:00","sourceClass":"T1","sourceUrl":"https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0828/2026082802616.pdf"},{"artifactHash":"a81cd1c89aab86b2a1fc1498ef9a72735ba084bc6e2dc4d002aa7693f40d6bfc","artifactPath":"work/ratings/2026-10-09-v2/public-followup/identity-r2/raw/a81cd1c89aab86b2a1fc1498ef9a72735ba084bc6e2dc4d002aa7693f40d6bfc","assetId":"cumiu","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Issuer report/announcement published 2026-08-28; report period 2026-06-30","effectiveAt":null,"id":"cumiu-20261009-public-r1-semiannual-announcement","identity":{"issuer":"ChinaAMC Digital OFC","product":"ChinaAMC USD Digital Money Market Fund","shareClass":"Tokenized Unlisted Class I USD"},"locator":"Issuer announcement of public availability of June 30 semiannual financial report from August 28, 2026; availability evidence, not independent exchange assurance.","observedAt":"2026-08-28T00:00:00Z","product":"ChinaAMC USD Digital Money Market Fund","retrievedAt":"2026-10-09T11:35:02.879347+00:00","sourceClass":"T1","sourceUrl":"https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0828/2026082802582.pdf"},{"artifactHash":"4cb6718b095feb75d292f344f05be55e01718ef3c6e055fd441d406a3070f169","artifactPath":"work/ratings/2026-10-09-v2/public-followup/jltxx-administrator/original2005.html","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Original agreement dated 2005-02-19; later SEC-hosted exhibit","effectiveAt":null,"id":"jltxx-20261009-public-r1-administration-2005","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Original administrator JPMorgan Funds Management, Inc.; amended fund schedules contemplated. Historical name only.","observedAt":"2005-02-19T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T11:35:56.994Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312515393327/d53638dex99h1a.htm"},{"artifactHash":"261115d996040cad5ff168251956e61e9a3b6d9a00ffdb6de5cad1036d849cf4","artifactPath":"work/ratings/2026-10-09-v2/public-followup/jltxx-administrator/amendment2023feb.html","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Amendment dated 2023-02-09","effectiveAt":null,"id":"jltxx-20261009-public-r1-administration-amendment-feb2023","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Recital includes odd JPMorgan Insurance Trust (formerly JPMorgan Fund Management, Inc.) wording; not corporate succession proof.","observedAt":"2023-02-09T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T11:35:56.547Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523046637/d411864dex99h1c.htm"},{"artifactHash":"2e571a8d006bbc5a7917f7cb0fa4dd11fbb9a30a2c5ee45ed75314d40bbcc917","artifactPath":"work/ratings/2026-10-09-v2/public-followup/jltxx-administrator/amendment2023aug.html","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Amendment dated 2023-08-10","effectiveAt":null,"id":"jltxx-20261009-public-r1-administration-amendment-aug2023","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"JPMorgan Investment Management, Inc. opening/signature; JPMorgan Trust IV signature and Schedule A; same odd Insurance Trust recital preserved, not a merger proof.","observedAt":"2023-08-10T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T11:35:56.869Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312523262738/d525781dex99h1c.htm"},{"artifactHash":"e5d555a5673d164f185b9fa60961f3e59648b640d361a997318fc3c411f749ed","artifactPath":"work/ratings/2026-10-09-v2/public-followup/jltxx-administrator/schedule2026feb.html","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Amended Schedule B dated 2026-02-12","effectiveAt":null,"id":"jltxx-20261009-public-r1-administration-schedule-feb2026","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact JPMorgan OnChain Liquidity-Token Money Market Fund in Category 3; J.P. Morgan Investment Management Inc. and Trust IV signatures; incorporated by May 2026 Part C exhibit (h)(1)(e), accession 0001193125-26-070498.","observedAt":"2026-02-12T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T11:35:56.286Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99h1e.htm"},{"artifactHash":"ef41d0699f007d607490877b0cb09f67517ce8a382618349b28cab2fe6101bc7","artifactPath":"work/ratings/2026-10-09-v2/assets/core/artifacts/ef41d0699f007d607490877b0cb09f67517ce8a382618349b28cab2fe6101bc7","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"N-MFP3 September 30, 2026 period, filed October 7, 2026","effectiveAt":null,"id":"jltxx-20261009-public-r1-administrator-nmfp","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"September 30 exact-series N-MFP3 XML: seriesLevelInfo/administrator/administratorName names J.P. Morgan Investment Management Inc.; historical as-filed appointment corroboration, not current controls proof.","observedAt":"2026-09-30T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T08:17:41.658Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126023653/primary_doc.xml","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"2260d55ae737a213d69d16353cf4834ec4d844750326806395c67050fb579aae","artifactPath":"work/ratings/2026-10-09-v2/public-followup/jltxx-scope/oct1-supplement-node.raw","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Issuer October 1, 2026 prospectus supplement","effectiveAt":null,"id":"jltxx-20261009-public-r1-oct1-supplement-success","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact Token Class official network declaration Ethereum and Solana; transfer-agent off-chain Investor Register controls ownership. 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This is a bounded original-document premise; it does not claim independently tested execution or universal absence of failure.","subjects":[{"dutyId":"responsibilities","roleId":"jltxx.legal-counsel"}]},{"conditionId":"controlsEffective","criterionId":"C2","id":"c2-condition-adminbase-03","locator":"Administration Art2(b,c,f,g,k,l,w,x,y,ff,gg,jj,ll,mm),8–12; amended ScheduleB","relations":[],"state":"present","statement":"At Administration Art2(b,c,f,g,k,l,w,x,y,ff,gg,jj,ll,mm),8–12; amended ScheduleB, the original assigns or describes J.P. Morgan Investment Management Inc.'s controls function and its related controlsEffective documentary channel. 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This is a bounded original-document premise; it does not claim independently tested execution or universal absence of failure.","subjects":[{"dutyId":"service","roleId":"jltxx.administrator"}]},{"conditionId":"serviceEffective","criterionId":"C2","id":"c2-condition-adminbase-05","locator":"SAI PartII Trust Counsel;adminArt2(b),(f)","relations":[],"state":"present","statement":"At SAI PartII Trust Counsel;adminArt2(b),(f), the original assigns or describes Dechert LLP's service function and its related serviceEffective documentary channel. 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Target: jltxx.shareholder-servicing/fees.","subjects":[{"dutyId":"disclosure","roleId":"jltxx.administrator"}]},{"conditionId":"disclosureEffective","criterionId":"C4","id":"c4-condition-adminbase-15","locator":"Administration Art2(b,f,k,l), 11; filings and shareholder reporting","relations":[{"actorRoleId":"jltxx.administrator","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"jltxx.shareholder-servicing"}],"state":"present","statement":"Operative administration agreement assigns preparation of Fund filings, notices and shareholder reports; public prospectus/SAI supplement the investor-facing terms. It does not publish every vendor fee figure. Target: jltxx.shareholder-servicing/relatedTransactions.","subjects":[{"dutyId":"disclosure","roleId":"jltxx.administrator"}]},{"conditionId":"disclosureEffective","criterionId":"C4","id":"c4-condition-adminbase-16","locator":"Administration Art2(b,f,k,l), 11; filings and shareholder reporting","relations":[{"actorRoleId":"jltxx.administrator","dutyId":"fees","kind":"safeguard","targetRoleId":"jltxx.custodian"}],"state":"present","statement":"Operative administration agreement assigns preparation of Fund filings, notices and shareholder reports; public prospectus/SAI supplement the investor-facing terms. It does not publish every vendor fee figure. 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Target: jltxx.transfer-agent/fees.","subjects":[{"dutyId":"disclosure","roleId":"jltxx.administrator"}]},{"conditionId":"disclosureEffective","criterionId":"C4","id":"c4-condition-adminbase-19","locator":"Administration Art2(b,f,k,l), 11; filings and shareholder reporting","relations":[{"actorRoleId":"jltxx.administrator","dutyId":"changes","kind":"safeguard","targetRoleId":"jltxx.board"}],"state":"present","statement":"Operative administration agreement assigns preparation of Fund filings, notices and shareholder reports; public prospectus/SAI supplement the investor-facing terms. It does not publish every vendor fee figure. Target: jltxx.board/changes.","subjects":[{"dutyId":"disclosure","roleId":"jltxx.administrator"}]},{"conditionId":"disclosureEffective","criterionId":"C4","id":"c4-condition-adminbase-20","locator":"Administration Art2(b,f,k,l), 11; filings and shareholder reporting","relations":[{"actorRoleId":"jltxx.administrator","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"jltxx.board"}],"state":"present","statement":"Operative administration agreement assigns preparation of Fund filings, notices and shareholder reports; public prospectus/SAI supplement the investor-facing terms. It does not publish every vendor fee figure. Target: jltxx.board/relatedTransactions.","subjects":[{"dutyId":"disclosure","roleId":"jltxx.administrator"}]},{"conditionId":"disclosureEffective","criterionId":"C4","id":"c4-condition-adminbase-21","locator":"Administration Art2(b,f,k,l), 11; filings and shareholder reporting","relations":[{"actorRoleId":"jltxx.administrator","dutyId":"fees","kind":"safeguard","targetRoleId":"jltxx.board"}],"state":"present","statement":"Operative administration agreement assigns preparation of Fund filings, notices and shareholder reports; public prospectus/SAI supplement the investor-facing terms. It does not publish every vendor fee figure. 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No unconditional investor fee ceiling or unbounded vendor fees are inferred."}],"kind":"primary"}},{"artifactHash":"a6ca7b4f0b53f242efbeee84a6f8f69a809138daf058a8a3092831c423b4b337","artifactPath":"work/ratings/2026-10-09-v2/assets/core/r2/a6ca7b4f0b53f242efbeee84a6f8f69a809138daf058a8a3092831c423b4b337","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Dated original 2026-05-07","effectiveAt":null,"id":"jltxx-20261010-c2c4-primary-trust","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Original trust; extracted claim locators in treasuryV2Source rows","observedAt":"2026-05-07T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T09:06:37.593Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99a2a.htm","treasuryV2Source":{"conditionFacts":[{"conditionId":"responsibilitiesEffective","criterionId":"C2","id":"c2-condition-trust-01","locator":"TrustIV ArtIV§6,ArtVII§§2–3,ArtVIII§§2–6;SAI PartII board/committees;adminArts8,10","relations":[],"state":"present","statement":"At TrustIV ArtIV§6,ArtVII§§2–3,ArtVIII§§2–6;SAI PartII board/committees;adminArts8,10, the original assigns or describes JPMorgan Trust IV board of trustees's responsibilities function and its related responsibilitiesEffective documentary channel. 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This is a bounded original-document premise; it does not claim independently tested execution or universal absence of failure.","subjects":[{"dutyId":"controls","roleId":"jltxx.board"}]},{"conditionId":"serviceEffective","criterionId":"C2","id":"c2-condition-trust-04","locator":"AdminArt2(c);Trust/Bylaws officers and derivative notice provisions","relations":[],"state":"present","statement":"At AdminArt2(c);Trust/Bylaws officers and derivative notice provisions, the original assigns or describes JPMorgan Trust IV officers's service function and its related serviceEffective documentary channel. 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Limits: This narrow dispute-decision disclosure does not replace general investor notice; 30-day consideration, refusal bar and10% threshold remain.","subjects":[{"dutyId":"disclosure","roleId":"jltxx.board"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-06","locator":"TrustVII2 and VIII2/3","relations":[{"actorRoleId":"jltxx.board","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"jltxx.board"}],"state":"present","statement":"Non-interested trustees consider a proper demand and authorize Fund suit when maintained. Limits: Preserve10% collective standing, trustee refusal bar, timing and notice, disabling-conduct limits and Delaware forum. 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No unrestricted individual derivative remedy or direct claim against every vendor.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"materialDiscretion","criterionId":"C4","id":"c4-condition-trust-09","locator":"Trust ArtVII §3, ArtVIII §6; Bylaws ArtX","relations":[],"state":"present","statement":"The declaration gives trustees broad good-faith, interest-balancing and amendment discretion, subject to the Investment Company Act, reserved shareholder votes and liability exceptions.","subjects":[{"dutyId":"changes","roleId":"jltxx.board"},{"dutyId":"relatedTransactions","roleId":"jltxx.board"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-10","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"jltxx.manager"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.manager/relatedTransactions.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-11","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"fees","kind":"safeguard","targetRoleId":"jltxx.manager"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.manager/fees.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-12","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"fees","kind":"safeguard","targetRoleId":"jltxx.administrator"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.administrator/fees.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-13","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"fees","kind":"safeguard","targetRoleId":"jltxx.shareholder-servicing"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.shareholder-servicing/fees.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-14","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"jltxx.shareholder-servicing"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.shareholder-servicing/relatedTransactions.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-15","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"fees","kind":"safeguard","targetRoleId":"jltxx.custodian"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.custodian/fees.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-16","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"jltxx.custodian"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.custodian/relatedTransactions.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-17","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"fees","kind":"safeguard","targetRoleId":"jltxx.transfer-agent"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.transfer-agent/fees.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-18","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"changes","kind":"safeguard","targetRoleId":"jltxx.board"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. Target: jltxx.board/changes.","subjects":[{"dutyId":"remedies","roleId":"jltxx.shareholders"}]},{"conditionId":"remedyEffective","criterionId":"C4","id":"c4-condition-trust-19","locator":"Trust ArtVII §2 and ArtVIII §§2–3; qualified derivative/direct routes","relations":[{"actorRoleId":"jltxx.shareholders","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"jltxx.board"}],"state":"present","statement":"Trust declaration provides limited shareholder demand, disinterested-trustee decision, officer action and Delaware-court routes for Fund claims, subject to the 10% threshold and other stated bars. 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Current appointment and applicability depend on the separately cited contract and filing chain; this row does not attest performance."},{"criterionId":"C4","dutyIds":["changes","relatedTransactions","fees","oversight","disclosure","remedies"],"id":"c4-duty-jltxx-board","locator":"TrustIV ArtIV§6,ArtVII§§2–3,ArtVIII§§2–6;SAI PartII board/committees;adminArts8,10","roleId":"jltxx.board","statement":"At the stated locator, this original assigns the listed functional duties to JPMorgan Trust IV board of trustees or its documented predecessor. 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Current appointment and applicability depend on the separately cited contract and filing chain; this row does not attest performance."},{"criterionId":"C4","dutyIds":["changes","remedies"],"id":"c4-duty-jltxx-shareholders","locator":"TrustArtVIII§§2,5–6;BylawsArtIII meetings/votes/notices","roleId":"jltxx.shareholders","statement":"At the stated locator, this original assigns the listed functional duties to JPMorgan Trust IV applicable shareholder body or its documented predecessor. 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applicability requires signed exact-fund amendment","observedAt":"2026-05-07T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T15:44:52.689Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99h2c.htm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"93537ede8709952aa8bdb59e728eb78da234a0e2101acb1d4e76f04db51265db","artifactPath":"work/ratings/2026-10-09-v2/criterion-closure/jltxx-operations/artifacts/93537ede8709952aa8bdb59e728eb78da234a0e2101acb1d4e76f04db51265db","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"2019-08-30","effectiveAt":null,"id":"jltxx-20261010-c2c4-primary-ssc-amendment-2019","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Original ssc-amendment-2019; extracted claim locators in treasuryV2Source rows","observedAt":"2019-08-30T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T15:44:52.689Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312524164608/d828538dex99h2b.htm","treasuryV2Source":{"conditionFacts":[{"conditionId":"controlsEffective","criterionId":"C2","id":"c2-condition-sscamendment2019-01","locator":"SS&C base§§4,9,15,17,19,22,25,28;2019§§4,5,7,8;2026§§2–6 and AppendixA","relations":[],"state":"present","statement":"At SS&C base§§4,9,15,17,19,22,25,28;2019§§4,5,7,8;2026§§2–6 and AppendixA, the original assigns or describes SS&C GIDS, Inc.'s controls function and its related controlsEffective documentary channel. This is a bounded original-document premise; it does not claim independently tested execution or universal absence of failure.","subjects":[{"dutyId":"controls","roleId":"jltxx.transfer-agent"}]}],"kind":"primary"}},{"artifactHash":"2260d55ae737a213d69d16353cf4834ec4d844750326806395c67050fb579aae","artifactPath":"work/ratings/2026-10-09-v2/public-followup/jltxx-scope/oct1-supplement-node.raw","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Issuer October 1, 2026 prospectus supplement","effectiveAt":null,"id":"jltxx-20261010-c2c4-primary-oct-supplement","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Original oct-supplement; extracted claim locators in treasuryV2Source rows","observedAt":"2026-10-01T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T11:25:16.860Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526410014/d172947d497.htm","treasuryV2Source":{"conditionFacts":[{"conditionId":"serviceEffective","criterionId":"C2","id":"c2-condition-octsupplement-01","locator":"SAI PartI Use of Blockchain; prospectus blockchain redemption and peer-to-peer transfer; Oct1supplement","relations":[],"state":"present","statement":"At SAI PartI Use of Blockchain; prospectus blockchain redemption and peer-to-peer transfer; Oct1supplement, the original assigns or describes JPMorgan Chase Bank, N.A., Kinexys Digital Assets business unit's service function and its related serviceEffective documentary channel. This is a bounded original-document premise; it does not claim independently tested execution or universal absence of failure.","subjects":[{"dutyId":"service","roleId":"jltxx.token-operations"}]}],"kind":"primary"}},{"artifactHash":"fd9e48e16d2d53e0ee01f1568cc842ae09e772c0fce3b372b55ea92f0991a446","artifactPath":"work/ratings/2026-10-09-v2/assets/core/r2/fd9e48e16d2d53e0ee01f1568cc842ae09e772c0fce3b372b55ea92f0991a446","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Dated original 2026-05-07","effectiveAt":null,"id":"jltxx-20261010-c2c4-primary-bylaws","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Original bylaws; extracted claim locators in treasuryV2Source rows","observedAt":"2026-05-07T00:00:00.000Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T09:06:37.551Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657dex99b.htm","treasuryV2Source":{"conditionFacts":[{"conditionId":"disclosureEffective","criterionId":"C4","id":"c4-condition-bylaws-01","locator":"BylawsVI8 and III3","relations":[{"actorRoleId":"jltxx.officers","dutyId":"changes","kind":"safeguard","targetRoleId":"jltxx.shareholders"}],"state":"present","statement":"Secretary gives or causes meeting notice for reserved shareholder votes, with specified notice window. Limits: Preserve notice modes and qualifications; officers cannot override reserved voting rights.","subjects":[{"dutyId":"disclosure","roleId":"jltxx.officers"}]}],"kind":"primary"}},{"artifactHash":"a5e0e5ac7f86c2270c2a9ce478b25f8ca5961059a81bcb4cc49831105b837742","artifactPath":"work/ratings/2026-10-09-v2/jltxx-condition-closure/prepare/c2-missingKeyControl-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Fresh bounded analyst inquiry; no independent review","effectiveAt":null,"id":"jltxx-20261010-c2c4-c2-missingKeyControl-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact corrected duty inquiry; see artifact subjects and source IDs","observedAt":"2026-10-09T16:56:40.571Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T16:56:40.571Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded public-original inquiry completed 2026-10-09T16:56:40.571Z. The exact 35 corrected C2 role-duty subjects were checked in the listed SEC filings, operative contracts, current prospectus/SAI, exact-series N-MFP and October 1 supplement. No indication of the specified lower-anchor condition was found within this documentary scope. This does not assert universal nonoccurrence, clean private control reports or independent operating tests.","criterionId":"C2","limitations":["Original fact dates are retained; retrieval and this inquiry do not renew historical facts.","Current source index is bounded to the archived SEC submissions and cited public originals; subsequent events require a new check.","Board discretion, 10% derivative threshold, disinterested-trustee refusal, liability exceptions and Delaware court route remain material limits.","SS&C fee schedule figures are redacted; price adjustments and disputes have notice, negotiation and cost terms. Token Class ordinary expense cap is 0.16% through June 30, 2028 with stated exclusions.","No private SOC, penetration test, disaster-recovery drill, successor capacity, full A4 reconciliation or B3 permission assurance was obtained.","This analyst inquiry needs distinct exact-byte independent review before it can close a lower anchor."],"outcome":"noIndication","preparedBy":"/root/v2_jltxx_conditions_prepare","sourceEvidenceIds":["jltxx-20261010-c2c4-primary-admin-2023","jltxx-20261010-c2c4-primary-admin-2026","jltxx-20261010-c2c4-primary-admin-base","jltxx-20261010-c2c4-primary-bylaws","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-nmfp","jltxx-20261010-c2c4-primary-oct-supplement","jltxx-20261010-c2c4-primary-prospectus","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-ssc-amendment-2019","jltxx-20261010-c2c4-primary-ssc-base-2014","jltxx-20261010-c2c4-primary-ssc-executed-may2026","jltxx-20261010-c2c4-primary-ssc-form-may2026","jltxx-20261010-c2c4-primary-trust"],"subjects":[{"dutyId":"responsibilities","roleId":"jltxx.manager"},{"dutyId":"controls","roleId":"jltxx.manager"},{"dutyId":"service","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.administrator"},{"dutyId":"service","roleId":"jltxx.administrator"},{"dutyId":"responsibilities","roleId":"jltxx.subadministrator"},{"dutyId":"service","roleId":"jltxx.subadministrator"},{"dutyId":"responsibilities","roleId":"jltxx.distributor"},{"dutyId":"service","roleId":"jltxx.distributor"},{"dutyId":"responsibilities","roleId":"jltxx.shareholder-servicing"},{"dutyId":"service","roleId":"jltxx.shareholder-servicing"},{"dutyId":"responsibilities","roleId":"jltxx.custodian"},{"dutyId":"controls","roleId":"jltxx.custodian"},{"dutyId":"service","roleId":"jltxx.custodian"},{"dutyId":"responsibilities","roleId":"jltxx.accountant"},{"dutyId":"controls","roleId":"jltxx.accountant"},{"dutyId":"service","roleId":"jltxx.accountant"},{"dutyId":"responsibilities","roleId":"jltxx.transfer-agent"},{"dutyId":"controls","roleId":"jltxx.transfer-agent"},{"dutyId":"service","roleId":"jltxx.transfer-agent"},{"dutyId":"responsibilities","roleId":"jltxx.token-operations"},{"dutyId":"controls","roleId":"jltxx.token-operations"},{"dutyId":"service","roleId":"jltxx.token-operations"},{"dutyId":"responsibilities","roleId":"jltxx.auditor"},{"dutyId":"service","roleId":"jltxx.auditor"},{"dutyId":"responsibilities","roleId":"jltxx.board"},{"dutyId":"controls","roleId":"jltxx.board"},{"dutyId":"responsibilities","roleId":"jltxx.compliance"},{"dutyId":"controls","roleId":"jltxx.compliance"},{"dutyId":"service","roleId":"jltxx.compliance"},{"dutyId":"responsibilities","roleId":"jltxx.officers"},{"dutyId":"service","roleId":"jltxx.officers"},{"dutyId":"responsibilities","roleId":"jltxx.legal-counsel"},{"dutyId":"service","roleId":"jltxx.legal-counsel"}]}},{"artifactHash":"2545c0ed34c453d6405dfe8c08185602649f8a08fd0bb0007dc5233acc0ec7f3","artifactPath":"work/ratings/2026-10-09-v2/jltxx-condition-closure/prepare/c2-unassignedCoreFailure-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Fresh bounded analyst inquiry; no independent review","effectiveAt":null,"id":"jltxx-20261010-c2c4-c2-unassignedCoreFailure-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact corrected duty inquiry; see artifact subjects and source IDs","observedAt":"2026-10-09T16:56:40.571Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T16:56:40.571Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded public-original inquiry completed 2026-10-09T16:56:40.571Z. The exact 35 corrected C2 role-duty subjects were checked in the listed SEC filings, operative contracts, current prospectus/SAI, exact-series N-MFP and October 1 supplement. No indication of the specified lower-anchor condition was found within this documentary scope. This does not assert universal nonoccurrence, clean private control reports or independent operating tests.","criterionId":"C2","limitations":["Original fact dates are retained; retrieval and this inquiry do not renew historical facts.","Current source index is bounded to the archived SEC submissions and cited public originals; subsequent events require a new check.","Board discretion, 10% derivative threshold, disinterested-trustee refusal, liability exceptions and Delaware court route remain material limits.","SS&C fee schedule figures are redacted; price adjustments and disputes have notice, negotiation and cost terms. Token Class ordinary expense cap is 0.16% through June 30, 2028 with stated exclusions.","No private SOC, penetration test, disaster-recovery drill, successor capacity, full A4 reconciliation or B3 permission assurance was obtained.","This analyst inquiry needs distinct exact-byte independent review before it can close a lower anchor."],"outcome":"noIndication","preparedBy":"/root/v2_jltxx_conditions_prepare","sourceEvidenceIds":["jltxx-20261010-c2c4-primary-admin-2023","jltxx-20261010-c2c4-primary-admin-2026","jltxx-20261010-c2c4-primary-admin-base","jltxx-20261010-c2c4-primary-bylaws","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-nmfp","jltxx-20261010-c2c4-primary-oct-supplement","jltxx-20261010-c2c4-primary-prospectus","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-ssc-amendment-2019","jltxx-20261010-c2c4-primary-ssc-base-2014","jltxx-20261010-c2c4-primary-ssc-executed-may2026","jltxx-20261010-c2c4-primary-ssc-form-may2026","jltxx-20261010-c2c4-primary-trust"],"subjects":[{"dutyId":"responsibilities","roleId":"jltxx.manager"},{"dutyId":"controls","roleId":"jltxx.manager"},{"dutyId":"service","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.administrator"},{"dutyId":"service","roleId":"jltxx.administrator"},{"dutyId":"responsibilities","roleId":"jltxx.subadministrator"},{"dutyId":"service","roleId":"jltxx.subadministrator"},{"dutyId":"responsibilities","roleId":"jltxx.distributor"},{"dutyId":"service","roleId":"jltxx.distributor"},{"dutyId":"responsibilities","roleId":"jltxx.shareholder-servicing"},{"dutyId":"service","roleId":"jltxx.shareholder-servicing"},{"dutyId":"responsibilities","roleId":"jltxx.custodian"},{"dutyId":"controls","roleId":"jltxx.custodian"},{"dutyId":"service","roleId":"jltxx.custodian"},{"dutyId":"responsibilities","roleId":"jltxx.accountant"},{"dutyId":"controls","roleId":"jltxx.accountant"},{"dutyId":"service","roleId":"jltxx.accountant"},{"dutyId":"responsibilities","roleId":"jltxx.transfer-agent"},{"dutyId":"controls","roleId":"jltxx.transfer-agent"},{"dutyId":"service","roleId":"jltxx.transfer-agent"},{"dutyId":"responsibilities","roleId":"jltxx.token-operations"},{"dutyId":"controls","roleId":"jltxx.token-operations"},{"dutyId":"service","roleId":"jltxx.token-operations"},{"dutyId":"responsibilities","roleId":"jltxx.auditor"},{"dutyId":"service","roleId":"jltxx.auditor"},{"dutyId":"responsibilities","roleId":"jltxx.board"},{"dutyId":"controls","roleId":"jltxx.board"},{"dutyId":"responsibilities","roleId":"jltxx.compliance"},{"dutyId":"controls","roleId":"jltxx.compliance"},{"dutyId":"service","roleId":"jltxx.compliance"},{"dutyId":"responsibilities","roleId":"jltxx.officers"},{"dutyId":"service","roleId":"jltxx.officers"},{"dutyId":"responsibilities","roleId":"jltxx.legal-counsel"},{"dutyId":"service","roleId":"jltxx.legal-counsel"}]}},{"artifactHash":"36856a010a8a0274603d36929da260c895b7aabbc0ca3aad83730d933e882124","artifactPath":"work/ratings/2026-10-09-v2/jltxx-condition-closure/prepare/c4-materialUnconstrainedDefect-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Fresh bounded analyst inquiry; no independent review","effectiveAt":null,"id":"jltxx-20261010-c2c4-c4-materialUnconstrainedDefect-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact corrected duty inquiry; see artifact subjects and source IDs","observedAt":"2026-10-09T16:56:40.571Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T16:56:40.571Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded public-original inquiry completed 2026-10-09T16:56:40.571Z. The exact 31 corrected C4 role-duty subjects were checked in the listed SEC filings, operative contracts, current prospectus/SAI, exact-series N-MFP and October 1 supplement. No indication of the specified lower-anchor condition was found within this documentary scope. This does not assert universal nonoccurrence, clean private control reports or independent operating tests.","criterionId":"C4","limitations":["Original fact dates are retained; retrieval and this inquiry do not renew historical facts.","Current source index is bounded to the archived SEC submissions and cited public originals; subsequent events require a new check.","Board discretion, 10% derivative threshold, disinterested-trustee refusal, liability exceptions and Delaware court route remain material limits.","SS&C fee schedule figures are redacted; price adjustments and disputes have notice, negotiation and cost terms. Token Class ordinary expense cap is 0.16% through June 30, 2028 with stated exclusions.","No private SOC, penetration test, disaster-recovery drill, successor capacity, full A4 reconciliation or B3 permission assurance was obtained.","This analyst inquiry needs distinct exact-byte independent review before it can close a lower anchor."],"outcome":"noIndication","preparedBy":"/root/v2_jltxx_conditions_prepare","sourceEvidenceIds":["jltxx-20261010-c2c4-primary-admin-2023","jltxx-20261010-c2c4-primary-admin-2026","jltxx-20261010-c2c4-primary-admin-base","jltxx-20261010-c2c4-primary-bylaws","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-nmfp","jltxx-20261010-c2c4-primary-oct-supplement","jltxx-20261010-c2c4-primary-prospectus","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-ssc-amendment-2019","jltxx-20261010-c2c4-primary-ssc-base-2014","jltxx-20261010-c2c4-primary-ssc-executed-may2026","jltxx-20261010-c2c4-primary-ssc-form-may2026","jltxx-20261010-c2c4-primary-trust"],"subjects":[{"dutyId":"relatedTransactions","roleId":"jltxx.manager"},{"dutyId":"fees","roleId":"jltxx.manager"},{"dutyId":"oversight","roleId":"jltxx.manager"},{"dutyId":"disclosure","roleId":"jltxx.manager"},{"dutyId":"fees","roleId":"jltxx.administrator"},{"dutyId":"oversight","roleId":"jltxx.administrator"},{"dutyId":"disclosure","roleId":"jltxx.administrator"},{"dutyId":"disclosure","roleId":"jltxx.distributor"},{"dutyId":"fees","roleId":"jltxx.shareholder-servicing"},{"dutyId":"relatedTransactions","roleId":"jltxx.shareholder-servicing"},{"dutyId":"fees","roleId":"jltxx.custodian"},{"dutyId":"relatedTransactions","roleId":"jltxx.custodian"},{"dutyId":"disclosure","roleId":"jltxx.accountant"},{"dutyId":"fees","roleId":"jltxx.transfer-agent"},{"dutyId":"disclosure","roleId":"jltxx.transfer-agent"},{"dutyId":"oversight","roleId":"jltxx.auditor"},{"dutyId":"disclosure","roleId":"jltxx.auditor"},{"dutyId":"changes","roleId":"jltxx.board"},{"dutyId":"relatedTransactions","roleId":"jltxx.board"},{"dutyId":"fees","roleId":"jltxx.board"},{"dutyId":"oversight","roleId":"jltxx.board"},{"dutyId":"disclosure","roleId":"jltxx.board"},{"dutyId":"remedies","roleId":"jltxx.board"},{"dutyId":"oversight","roleId":"jltxx.compliance"},{"dutyId":"disclosure","roleId":"jltxx.compliance"},{"dutyId":"disclosure","roleId":"jltxx.officers"},{"dutyId":"remedies","roleId":"jltxx.officers"},{"dutyId":"changes","roleId":"jltxx.shareholders"},{"dutyId":"remedies","roleId":"jltxx.shareholders"},{"dutyId":"oversight","roleId":"jltxx.legal-counsel"},{"dutyId":"disclosure","roleId":"jltxx.legal-counsel"}]}},{"artifactHash":"0e7dc234fadecd2d6947d8e9fe914bd6c1a35e15a70645b3638709337b2bc47c","artifactPath":"work/ratings/2026-10-09-v2/jltxx-condition-closure/prepare/c4-unrecoveredAbuse-inquiry.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Fresh bounded analyst inquiry; no independent review","effectiveAt":null,"id":"jltxx-20261010-c2c4-c4-unrecoveredAbuse-inquiry","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact corrected duty inquiry; see artifact subjects and source IDs","observedAt":"2026-10-09T16:56:40.571Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T16:56:40.571Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2Inquiry":{"conditionId":"unrecoveredAbuse","coverageStatement":"Bounded public-original inquiry completed 2026-10-09T16:56:40.571Z. The exact 31 corrected C4 role-duty subjects were checked in the listed SEC filings, operative contracts, current prospectus/SAI, exact-series N-MFP and October 1 supplement. No indication of the specified lower-anchor condition was found within this documentary scope. This does not assert universal nonoccurrence, clean private control reports or independent operating tests.","criterionId":"C4","limitations":["Original fact dates are retained; retrieval and this inquiry do not renew historical facts.","Current source index is bounded to the archived SEC submissions and cited public originals; subsequent events require a new check.","Board discretion, 10% derivative threshold, disinterested-trustee refusal, liability exceptions and Delaware court route remain material limits.","SS&C fee schedule figures are redacted; price adjustments and disputes have notice, negotiation and cost terms. Token Class ordinary expense cap is 0.16% through June 30, 2028 with stated exclusions.","No private SOC, penetration test, disaster-recovery drill, successor capacity, full A4 reconciliation or B3 permission assurance was obtained.","This analyst inquiry needs distinct exact-byte independent review before it can close a lower anchor."],"outcome":"noIndication","preparedBy":"/root/v2_jltxx_conditions_prepare","sourceEvidenceIds":["jltxx-20261010-c2c4-primary-admin-2023","jltxx-20261010-c2c4-primary-admin-2026","jltxx-20261010-c2c4-primary-admin-base","jltxx-20261010-c2c4-primary-bylaws","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-nmfp","jltxx-20261010-c2c4-primary-oct-supplement","jltxx-20261010-c2c4-primary-prospectus","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-ssc-amendment-2019","jltxx-20261010-c2c4-primary-ssc-base-2014","jltxx-20261010-c2c4-primary-ssc-executed-may2026","jltxx-20261010-c2c4-primary-ssc-form-may2026","jltxx-20261010-c2c4-primary-trust"],"subjects":[{"dutyId":"relatedTransactions","roleId":"jltxx.manager"},{"dutyId":"fees","roleId":"jltxx.manager"},{"dutyId":"oversight","roleId":"jltxx.manager"},{"dutyId":"disclosure","roleId":"jltxx.manager"},{"dutyId":"fees","roleId":"jltxx.administrator"},{"dutyId":"oversight","roleId":"jltxx.administrator"},{"dutyId":"disclosure","roleId":"jltxx.administrator"},{"dutyId":"disclosure","roleId":"jltxx.distributor"},{"dutyId":"fees","roleId":"jltxx.shareholder-servicing"},{"dutyId":"relatedTransactions","roleId":"jltxx.shareholder-servicing"},{"dutyId":"fees","roleId":"jltxx.custodian"},{"dutyId":"relatedTransactions","roleId":"jltxx.custodian"},{"dutyId":"disclosure","roleId":"jltxx.accountant"},{"dutyId":"fees","roleId":"jltxx.transfer-agent"},{"dutyId":"disclosure","roleId":"jltxx.transfer-agent"},{"dutyId":"oversight","roleId":"jltxx.auditor"},{"dutyId":"disclosure","roleId":"jltxx.auditor"},{"dutyId":"changes","roleId":"jltxx.board"},{"dutyId":"relatedTransactions","roleId":"jltxx.board"},{"dutyId":"fees","roleId":"jltxx.board"},{"dutyId":"oversight","roleId":"jltxx.board"},{"dutyId":"disclosure","roleId":"jltxx.board"},{"dutyId":"remedies","roleId":"jltxx.board"},{"dutyId":"oversight","roleId":"jltxx.compliance"},{"dutyId":"disclosure","roleId":"jltxx.compliance"},{"dutyId":"disclosure","roleId":"jltxx.officers"},{"dutyId":"remedies","roleId":"jltxx.officers"},{"dutyId":"changes","roleId":"jltxx.shareholders"},{"dutyId":"remedies","roleId":"jltxx.shareholders"},{"dutyId":"oversight","roleId":"jltxx.legal-counsel"},{"dutyId":"disclosure","roleId":"jltxx.legal-counsel"}]}},{"artifactHash":"00e93a938a909f5f3528a1c82be72b073eec51a2d2985d0f4c541c0277a91ac8","artifactPath":"work/ratings/2026-10-09-v2/jltxx-condition-closure/inquiry-review/c2-missingKeyControl-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Independent exact-byte bounded public-original inquiry review","effectiveAt":null,"id":"jltxx-20261010-c2c4-c2-missingKeyControl-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact treasuryV2InquiryReview binding to the complete inquiry payload and SHA-256","observedAt":"2026-10-09T17:02:50.100Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T17:02:50.100Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"missingKeyControl","coverageStatement":"Bounded public-original inquiry completed 2026-10-09T16:56:40.571Z. The exact 35 corrected C2 role-duty subjects were checked in the listed SEC filings, operative contracts, current prospectus/SAI, exact-series N-MFP and October 1 supplement. No indication of the specified lower-anchor condition was found within this documentary scope. This does not assert universal nonoccurrence, clean private control reports or independent operating tests.","criterionId":"C2","limitations":["Original fact dates are retained; retrieval and this inquiry do not renew historical facts.","Current source index is bounded to the archived SEC submissions and cited public originals; subsequent events require a new check.","Board discretion, 10% derivative threshold, disinterested-trustee refusal, liability exceptions and Delaware court route remain material limits.","SS&C fee schedule figures are redacted; price adjustments and disputes have notice, negotiation and cost terms. Token Class ordinary expense cap is 0.16% through June 30, 2028 with stated exclusions.","No private SOC, penetration test, disaster-recovery drill, successor capacity, full A4 reconciliation or B3 permission assurance was obtained.","This analyst inquiry needs distinct exact-byte independent review before it can close a lower anchor."],"outcome":"noIndication","preparedBy":"/root/v2_jltxx_conditions_prepare","sourceEvidenceIds":["jltxx-20261010-c2c4-primary-admin-2023","jltxx-20261010-c2c4-primary-admin-2026","jltxx-20261010-c2c4-primary-admin-base","jltxx-20261010-c2c4-primary-bylaws","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-nmfp","jltxx-20261010-c2c4-primary-oct-supplement","jltxx-20261010-c2c4-primary-prospectus","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-ssc-amendment-2019","jltxx-20261010-c2c4-primary-ssc-base-2014","jltxx-20261010-c2c4-primary-ssc-executed-may2026","jltxx-20261010-c2c4-primary-ssc-form-may2026","jltxx-20261010-c2c4-primary-trust"],"subjects":[{"dutyId":"responsibilities","roleId":"jltxx.manager"},{"dutyId":"controls","roleId":"jltxx.manager"},{"dutyId":"service","roleId":"jltxx.manager"},{"dutyId":"responsibilities","roleId":"jltxx.administrator"},{"dutyId":"controls","roleId":"jltxx.administrator"},{"dutyId":"service","roleId":"jltxx.administrator"},{"dutyId":"responsibilities","roleId":"jltxx.subadministrator"},{"dutyId":"service","roleId":"jltxx.subadministrator"},{"dutyId":"responsibilities","roleId":"jltxx.distributor"},{"dutyId":"service","roleId":"jltxx.distributor"},{"dutyId":"responsibilities","roleId":"jltxx.shareholder-servicing"},{"dutyId":"service","roleId":"jltxx.shareholder-servicing"},{"dutyId":"responsibilities","roleId":"jltxx.custodian"},{"dutyId":"controls","roleId":"jltxx.custodian"},{"dutyId":"service","roleId":"jltxx.custodian"},{"dutyId":"responsibilities","roleId":"jltxx.accountant"},{"dutyId":"controls","roleId":"jltxx.accountant"},{"dutyId":"service","roleId":"jltxx.accountant"},{"dutyId":"responsibilities","roleId":"jltxx.transfer-agent"},{"dutyId":"controls","roleId":"jltxx.transfer-agent"},{"dutyId":"service","roleId":"jltxx.transfer-agent"},{"dutyId":"responsibilities","roleId":"jltxx.token-operations"},{"dutyId":"controls","roleId":"jltxx.token-operations"},{"dutyId":"service","roleId":"jltxx.token-operations"},{"dutyId":"responsibilities","roleId":"jltxx.auditor"},{"dutyId":"service","roleId":"jltxx.auditor"},{"dutyId":"responsibilities","roleId":"jltxx.board"},{"dutyId":"controls","roleId":"jltxx.board"},{"dutyId":"responsibilities","roleId":"jltxx.compliance"},{"dutyId":"controls","roleId":"jltxx.compliance"},{"dutyId":"service","roleId":"jltxx.compliance"},{"dutyId":"responsibilities","roleId":"jltxx.officers"},{"dutyId":"service","roleId":"jltxx.officers"},{"dutyId":"responsibilities","roleId":"jltxx.legal-counsel"},{"dutyId":"service","roleId":"jltxx.legal-counsel"}]},"inquiryArtifactHash":"a5e0e5ac7f86c2270c2a9ce478b25f8ca5961059a81bcb4cc49831105b837742","inquiryEvidenceId":"jltxx-20261010-c2c4-c2-missingKeyControl-inquiry","reviewedAt":"2026-10-09T17:02:50.100Z","reviewer":"/root/v2_jltxx_operations_closure_review"}},{"artifactHash":"781182ac01052c21b2b37f624668d24cfb6992e585a8a7adda503235b8ff2253","artifactPath":"work/ratings/2026-10-09-v2/jltxx-condition-closure/inquiry-review/c2-unassignedCoreFailure-inquiry-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Independent exact-byte bounded public-original inquiry review","effectiveAt":null,"id":"jltxx-20261010-c2c4-c2-unassignedCoreFailure-inquiry-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact treasuryV2InquiryReview binding to the complete inquiry payload and SHA-256","observedAt":"2026-10-09T17:02:50.100Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T17:02:50.100Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm","treasuryV2InquiryReview":{"decision":"approve","inquiry":{"conditionId":"unassignedCoreFailure","coverageStatement":"Bounded public-original inquiry completed 2026-10-09T16:56:40.571Z. The exact 35 corrected C2 role-duty subjects were checked in the listed SEC filings, operative contracts, current prospectus/SAI, exact-series N-MFP and October 1 supplement. No indication of the specified lower-anchor condition was found within this documentary scope. This does not assert universal nonoccurrence, clean private control reports or independent operating tests.","criterionId":"C2","limitations":["Original fact dates are retained; retrieval and this inquiry do not renew historical facts.","Current source index is bounded to the archived SEC submissions and cited public originals; subsequent events require a new check.","Board discretion, 10% derivative threshold, disinterested-trustee refusal, liability exceptions and Delaware court route remain material limits.","SS&C fee schedule figures are redacted; price adjustments and disputes have notice, negotiation and cost terms. 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Trust-level discovery; each linked filing needs exact-series applicability.","observedAt":"2026-10-09T21:00:24.977Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:00:24.977Z","sourceClass":"T1","sourceUrl":"https://data.sec.gov/submissions/CIK0001659326.json"},{"artifactHash":"41c6cc8c4cc5ef30f2248d63a4a5c636560fbab4a39ba84df78b9ac632db6068","artifactPath":"work/ratings/2026-10-10-jltxx-a5/artifacts/41c6cc8c4cc5ef30f2248d63a4a5c636560fbab4a39ba84df78b9ac632db6068","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-custody-side-letter","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact May registration Part C(g)(1)(d) incorporated CLS side letter. Conditional bank-elected, customer-instructed FX settlement expands related lien/setoff liabilities and permits restricted/reversed services. Filed signature fields blank; not proof of actual CLS use or an independent execution attestation.","observedAt":"2025-12-03T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:01:53.260Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g1c.htm"},{"artifactHash":"796514a3e7b4079a273476f209909551284f8f0e0443b231457623e39b2cf32a","artifactPath":"work/ratings/2026-10-10-jltxx-a5/artifacts/796514a3e7b4079a273476f209909551284f8f0e0443b231457623e39b2cf32a","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-ncen-feb2026","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"February28 annual N-CEN does not contain series S000101820 or the OnChain fund. It is not a target-fund custody roster.","observedAt":"2026-02-28T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:01:53.703Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000207169126009452/primary_doc.xml"},{"artifactHash":"4a7767b5da143c739e9b0172ce1fa5dc168f2a75f46d3d5142802330ffc98f5d","artifactPath":"work/ratings/2026-10-10-jltxx-a5/artifacts/4a7767b5da143c739e9b0172ce1fa5dc168f2a75f46d3d5142802330ffc98f5d","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-n17-june2026","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"N-17f-2 appendix covers SmartRetirement2070 and SmartRetirementBlend2070. Examination not inherited by JLTXX.","observedAt":"2026-06-11T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:01:53.515Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526355717/d31691d4017f2.htm"},{"artifactHash":"4a652025e4b219ad8bb03e9f0a76d2006744ba28c46f7daeb1f140e47f3f9623","artifactPath":"work/ratings/2026-10-10-jltxx-a5/artifacts/4a652025e4b219ad8bb03e9f0a76d2006744ba28c46f7daeb1f140e47f3f9623","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-june-registration","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"June23 registration original excludes exact target series; sole OnChain reference is a shared exchange restriction. Not automatically a replacement JLTXX prospectus. Separate15.96MB acquisition after8MB failure.","observedAt":"2026-06-23T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:02:14.619Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526277786/d54994d485bpos.htm"},{"artifactHash":"12575f62ca4668d10081177b59e8c967bd72e69a997da807c314d91b7a81b67a","artifactPath":"work/ratings/2026-10-10-jltxx-a5-addendum/artifacts/12575f62ca4668d10081177b59e8c967bd72e69a997da807c314d91b7a81b67a","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-ncsr-june-index","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"SEC September8 N-CSR filing index. Listed primary-file size justified a separately bounded44MB original acquisition; index series list does not prove target report inclusion.","observedAt":"2026-10-09T21:04:40.454Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:04:40.454Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526385079/0001193125-26-385079-index.html"},{"artifactHash":"7012662a13fd3755f30462595567cf713f0d2f595765a86d683ed241c299b769","artifactPath":"work/ratings/2026-10-10-jltxx-a5-addendum/artifacts/7012662a13fd3755f30462595567cf713f0d2f595765a86d683ed241c299b769","assetId":"jltxx","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-ncsr-june-complete","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Full41,322,522byte response and substantive text: June30 SmartRetirement and Blend reports, no OnChain/TokenClass/S000101820. No target audit/custody fact inherited. Actual response479bytes larger than index; prior8MB/32MB failures retained.","observedAt":"2026-06-30T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:04:53.660Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526385079/d32937dncsr.htm"},{"artifactHash":"730332e2269d191bfead362c67f04578bbcc65f8c9613a40874375b52f58d761","artifactPath":"work/ratings/2026-10-10-jltxx-a5-addendum3/artifacts/730332e2269d191bfead362c67f04578bbcc65f8c9613a40874375b52f58d761","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-june-refiled-lending-rider-dec2025","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"June23 refiled December10 rider has different Citibank signer and roster presentation from February original; no OnChain fund in either. Not byte/text-identical and not an exact-fund appointment.","observedAt":"2025-12-10T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:07:32.977Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526277786/d54994dex99g2b.htm"},{"artifactHash":"c0796e53b4a7897b72092fd53c89cbbf401764d53093283371414263c2a89259","artifactPath":"work/ratings/2026-10-10-jltxx-a5-addendum2/artifacts/c0796e53b4a7897b72092fd53c89cbbf401764d53093283371414263c2a89259","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-citibank-lending-rider","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Third Party Securities Lending Rider. Own Schedule A defines Lenders and Accounts; conditional lending/third-party collateral duties. Trust name alone does not appoint Citibank for JLTXX.","observedAt":"2018-10-04T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:06:02.807Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312518310341/d615166dex99g1f.htm"},{"artifactHash":"0f51f85cee1662dc0667dfb7026b8c7a0bd8446f2fc3cb0f949e58280dbe2265","artifactPath":"work/ratings/2026-10-10-jltxx-a5-addendum2/artifacts/0f51f85cee1662dc0667dfb7026b8c7a0bd8446f2fc3cb0f949e58280dbe2265","assetId":"jltxx","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Public custody-scope followup; source-specific date and applicability exclusions retained","effectiveAt":null,"id":"jltxx-20261010-custody-followup-lending-rider-dec2025","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Signed rider amendment replaces Schedule A; no OnChain fund. Account numbers redacted. This arrangement exclusion is not proof of universal current lending nonuse.","observedAt":"2025-12-10T00:00:00Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:06:02.540Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526070498/d16585dex99g2b.htm"},{"artifactHash":"62dd327068d88153915cfd738333a462633863d0480e70e36f566fd4928beec1","artifactPath":"work/ratings/2026-10-10-jltxx-a5-review/report-r2.md","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded public-source research and independent scope disposition","effectiveAt":null,"id":"jltxx-20261010-custody-followup-source-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Independent source/whole-criterion scope review: main bank controlled baseline, actual September30 tri-party function unmapped, A5 null, C2 incomplete operating scope; C4 separate relevance analysis. Not exact candidate approval.","observedAt":"2026-10-09T21:33:40.285050+00:00","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:34:16.877Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"artifactHash":"7ffeca5675b12feb6e95f202cec978a35c2265df5d1e5cf6699baba5f8b307e5","artifactPath":"work/ratings/2026-10-10-jltxx-a5-review/review-r2.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded public-source research and independent scope disposition","effectiveAt":null,"id":"jltxx-20261010-custody-followup-review-decision","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Exact independent source disposition and frozen source-manifest bindings; source review does not publish or renew checks.","observedAt":"2026-10-09T21:33:40.285050+00:00","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:34:16.877Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"artifactHash":"bab125c02f4d37457ccefa5497321a92ca08760fd31d08365348e9eb01b38a04","artifactPath":"work/ratings/2026-10-10-jltxx-a5/review-brief.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded public-source research and independent scope disposition","effectiveAt":null,"id":"jltxx-20261010-custody-followup-research-main","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Preparatory brief, qualified and superseded where necessary by independent source review and separate addenda. Not a complete inventory or approval.","observedAt":"2026-10-09T21:03:49.407409+00:00","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:34:16.877Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"artifactHash":"3462d7013398f1e8470cf1cbcd99498b8be26009b81732e14683ff395812596d","artifactPath":"work/ratings/2026-10-10-jltxx-custody-integration-r1/prepared-packet-bindings.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded public-source research and independent scope disposition","effectiveAt":null,"id":"jltxx-20261010-custody-followup-research-bindings","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"locator":"Four frozen source packets:35 files. Literal originals, acquisition failures, substantive extraction and scope exclusions; no scoring facts or check renewal.","observedAt":"2026-10-09T21:34:16.877Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-09T21:34:16.877Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm"},{"artifactHash":"cc897a038b3e5a5c39233ca0ad144bc74260fcd6b8d1b3fcc52531ee85c0d5e0","artifactPath":"work/ratings/2026-10-10-benji-governance-current/artifacts/cc897a038b3e5a5c39233ca0ad144bc74260fcd6b8d1b3fcc52531ee85c0d5e0","assetId":"benji","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-bylaws","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Bylaws effective August 2, 2019, Articles II and V-VIII: officer powers, meetings, records, inspection, transfer restrictions and contracts. Newly retrieved bytes differ only in script and noscript elements.","observedAt":"2019-08-02T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:01:18.570Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000113743919000429/ex99bi.htm","treasuryV2Source":{"conditionFacts":[{"conditionId":"oversightEffective","criterionId":"C4","id":"claim-5","locator":"BylawsII9,V,VI4","relations":[{"actorRoleId":"benji.officers","dutyId":"changes","kind":"safeguard","targetRoleId":"benji.officers"},{"actorRoleId":"benji.officers","dutyId":"fees","kind":"safeguard","targetRoleId":"benji.officers"},{"actorRoleId":"benji.officers","dutyId":"changes","kind":"safeguard","targetRoleId":"benji.shareholders"}],"state":"present","statement":"The President is subject to Board control; financial officers review and certify financial information; the Secretary keeps records. The meeting procedure provides for non-nominee inspectors to check quorum, proxies and votes and hear voting challenges. These are procedural safeguards for shareholder decisions, not a veto over valid votes.","subjects":[{"dutyId":"oversight","roleId":"benji.officers"}]},{"conditionId":"disclosureEffective","criterionId":"C4","id":"claim-15","locator":"BylawsII,V4-11,VI1-4,VII1-2","relations":[{"actorRoleId":"benji.officers","dutyId":"changes","kind":"safeguard","targetRoleId":"benji.officers"},{"actorRoleId":"benji.officers","dutyId":"fees","kind":"safeguard","targetRoleId":"benji.officers"},{"actorRoleId":"benji.officers","dutyId":"changes","kind":"safeguard","targetRoleId":"benji.shareholders"},{"actorRoleId":"benji.officers","dutyId":"changes","kind":"safeguard","targetRoleId":"benji.board"},{"actorRoleId":"benji.officers","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"benji.board"},{"actorRoleId":"benji.officers","dutyId":"fees","kind":"safeguard","targetRoleId":"benji.board"}],"state":"present","statement":"The Secretary records actions and gives required notices; the Treasurer and financial officers provide transaction and financial reports and certifications. Trustees have inspection rights. Shareholder access remains qualified by purpose, cost and confidentiality restrictions.","subjects":[{"dutyId":"disclosure","roleId":"benji.officers"}]}],"criterionDutyInventories":[{"criterionId":"C4","dutyIds":["changes","oversight","disclosure"],"id":"duty-officers-11","locator":"Bylaws II9,V1-11,VI1-4,VII1-2,VII4,6","roleId":"benji.officers","statement":"The President acts under Board control; financial officers report transactions and financial statements and provide certifications. The Secretary keeps records and gives required notices. Officers exercise authorized contracts, record and information-request powers within the bylaws."}],"criterionRoleInventories":[{"criterionId":"C4","roleIds":["benji.officers"],"statement":"The original assigns these governance roles; current formal appointments and the August SAI establish exact Fund applicability. This inventory identifies duties, not evidence that every control was executed."}],"kind":"primary"}},{"artifactHash":"08ee2ad845dd74d533903819578846ec65482c4028f9b0f8d66825ca756e727c","artifactPath":"work/ratings/2026-10-10-benji-governance/artifacts/08ee2ad845dd74d533903819578846ec65482c4028f9b0f8d66825ca756e727c","assetId":"benji","attestations":[],"authority":"bindingLegalDocument","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-manager-contract","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact applicable operative agreement and retained amendment chain; see source-bound duty/condition locators and frozen independent original-source review. 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Retained only as a version-chain comparison; current BENJI applicability rests on the April 2026 Annex B roster, current SAI and exact-series N-CEN.","observedAt":"2020-07-15T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T08:23:41.617Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000137949121000981/exgiijoindertoglobalcustodyj.htm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"227b9941d134a7f481ec576315f04d1a1167a411af3aed8e31e2112832299647","artifactPath":"work/ratings/2026-10-09-v2/assets/core/artifacts/227b9941d134a7f481ec576315f04d1a1167a411af3aed8e31e2112832299647","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-accepted-ncsr","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"March 31, 2026 exact Fund financial statements, related-party expenses and financial-auditor opinion. Not current governance or security testing.","observedAt":"2026-03-31T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T08:22:09.305Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000113322826008451/fousgmf-efp24660_ncsr.htm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"ab64fc4b57d95efbfcc476cff6b6111fc522ab96d1edbb27fb5cc00f0d5610ca","artifactPath":"work/ratings/2026-10-09-v2/assets/core/artifacts/ab64fc4b57d95efbfcc476cff6b6111fc522ab96d1edbb27fb5cc00f0d5610ca","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-accepted-nmfp","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"September 30, 2026 exact series S000067043 portfolio. It does not attribute historical Western allocation losses to BENJI.","observedAt":"2026-09-30T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T08:17:41.413Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000207169126023634/primary_doc.xml","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"6716b9b4ee489ba476b1a8aec0b7c1cc2e495ff64f0b235027e042f1ab736424","artifactPath":"work/ratings/2026-10-09-v2/assets/core/artifacts/6716b9b4ee489ba476b1a8aec0b7c1cc2e495ff64f0b235027e042f1ab736424","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-accepted-jpm-bank-new-order-pdf","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"October 2, 2026 SEC order concerning 2021-2024 SBS dealer supervision of a disqualified associated person. Same bank, different function; no BENJI custody failure or universally clean bank history is inferred.","observedAt":"2026-10-02T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T08:38:46.332Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/files/litigation/admin/2026/34-106569.pdf","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"0cefe8b0863b209bea6ca9492f4b24e918378ea7372f2fee5c7b0c4212a44b79","artifactPath":"work/ratings/2026-10-10-benji-governance-addendum/artifacts/0cefe8b0863b209bea6ca9492f4b24e918378ea7372f2fee5c7b0c4212a44b79","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-western-current-crs-brochure-index","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Official provider page acquired October 9, 2026 links the December 2025 brochure. This does not renew the underlying policy date.","observedAt":"2026-10-09T21:59:15.126Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T21:59:15.126Z","sourceClass":"T2","sourceUrl":"https://www.westernasset.com/us/en/about/customer-relationship-summary.cfm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"f2399dfb264e0fd09c4d9e398a65abd8c8114bc5b84006aef8953c14a4d551a0","artifactPath":"work/ratings/2026-10-10-benji-governance-addendum/artifacts/f2399dfb264e0fd09c4d9e398a65abd8c8114bc5b84006aef8953c14a4d551a0","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-western-linked-adv-brochure","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"December 1, 2025 ADV brochure linked by the current official page. Items 6, 9, 12 and 13 describe allocation policies and error-reporting exceptions. Not verified as the latest IARD filing or as independent implementation assurance.","observedAt":"2025-12-01T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T21:59:31.914Z","sourceClass":"T2","sourceUrl":"https://www.westernasset.com/us/en/pdfs/Western%20Asset%20Form%20ADV%20Part2A%20Brochure%2012.2025%20-%20with%20CRS.pdf","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"8365fa9996eec1940f98a715df97ec9a612d03fdb0b3ab0d923433641e18e60a","artifactPath":"work/ratings/2026-10-10-benji-governance/artifacts/8365fa9996eec1940f98a715df97ec9a612d03fdb0b3ab0d923433641e18e60a","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Current SEC submissions listing actually acquired October 9, 2026 at 21:46:31.204 UTC; earlier identical snapshot has its own date","effectiveAt":null,"id":"benji-20261010-c4-primary-sec-current-index","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"SEC submissions inventory acquired October 9, 2026 at 21:46:31 UTC. Latest filing is the October 6 September N-MFP; August 14 DEF14C is the latest governance-specific change within this bounded inventory.","observedAt":"2026-10-09T21:46:31.204Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T21:46:31.204Z","sourceClass":"T1","sourceUrl":"https://data.sec.gov/submissions/CIK0001786958.json","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"f946aae85b0b78d3e64b13c66a69b29e4323cc932f2fd215e0cc02752f793550","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/f946aae85b0b78d3e64b13c66a69b29e4323cc932f2fd215e0cc02752f793550","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-franklin-wksi-waiver-2026","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"June 5 SEC conditional issuer-status waiver with June 4 counsel request. Request printed pages 5-6 describe WAM allocation monitoring, Franklin integration and reporting lines. These are formal issuer representations, not independent control tests.","observedAt":"2026-06-05T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:33.928Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/files/corpfin/no-action/franklin-wksi-grant-package-060526.pdf","treasuryV2Source":{"conditionFacts":[{"conditionId":"oversightEffective","criterionId":"C4","id":"claim-17","locator":"June4 request printed5-6 (combinedPDF6-7)","relations":[{"actorRoleId":"benji.wam-group-oversight","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"benji.subadvisor"}],"state":"present","statement":"The June 4 issuer counsel letter describes daily WAM compliance allocation monitoring, monthly delayed-entry reports reviewed by its Director of Portfolio Operations, joint compliance review and group reporting lines. This supports the specified allocation oversight function, not independent verification of its execution or an assignment to FAV or the Fund CCO.","subjects":[{"dutyId":"oversight","roleId":"benji.wam-group-oversight"}]},{"conditionId":"disclosureEffective","criterionId":"C4","id":"claim-18","locator":"June4 request printed5-6 (combinedPDF6-7)","relations":[{"actorRoleId":"benji.wam-group-oversight","dutyId":"relatedTransactions","kind":"safeguard","targetRoleId":"benji.subadvisor"}],"state":"present","statement":"The same letter describes allocation-intent records and monthly delayed-entry reports and reviews within the named WAM and Franklin functions. These supply allocation exception information to the responsible overseers. They do not promise general error notification to all BENJI investors; Fund-facing reporting remains governed by the subadvisory agreement.","subjects":[{"dutyId":"disclosure","roleId":"benji.wam-group-oversight"}]}],"criterionDutyInventories":[{"criterionId":"C4","dutyIds":["oversight","disclosure"],"id":"duty-wam-group-oversight-16","locator":"June4 counsel request printed 5-6 (combinedPDF6-7)","roleId":"benji.wam-group-oversight","statement":"The June 2026 issuer counsel letter describes WAM corporate, operational and compliance functions integrated into Franklin in 2025; indirect WAM CIO reporting to Franklin investment leaders from January 2026; and WAM compliance allocation analysis and reports reviewed with its Director of Portfolio Operations. These functions are distinct from FAV and the Fund CCO."}],"criterionRoleInventories":[{"criterionId":"C4","roleIds":["benji.wam-group-oversight"],"statement":"The original assigns these governance roles; current formal appointments and the August SAI establish exact Fund applicability. This inventory identifies duties, not evidence that every control was executed."}],"kind":"primary"}},{"artifactHash":"d4653d6d19f3dafb1e59e75c019531cea105e1c201c048f077b153487cb2ab50","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/d4653d6d19f3dafb1e59e75c019531cea105e1c201c048f077b153487cb2ab50","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-franklin-advisers-2020-order-pdf","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"July 2, 2020 IA-5531, paragraphs 10-18: historical FAV limits breaches and undisclosed reimbursement conflict. Paragraph 18 records full reimbursement with interest in December 2018. The affected funds are not BENJI.","observedAt":"2020-07-02T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:07:04.066Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/files/litigation/admin/2020/ia-5531.pdf","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"8815bacd411b3c9b32f0758871a627ab60e46258d6722821a8fcb5de11093fee","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/8815bacd411b3c9b32f0758871a627ab60e46258d6722821a8fcb5de11093fee","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-benji-blockchain-lawsuit-2025","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"January 24, 2025 Fund supplement describes IP, fiduciary and contract allegations concerning technology used for the transfer-agent records and Benji platform. A requested injunction is not an injunction entered.","observedAt":"2025-01-24T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:34.067Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000174177325000253/c497.htm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"88a23bf5a56b65dbb656421af2316536176ff9a39a56c43c89e5be2f62b2fc94","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/88a23bf5a56b65dbb656421af2316536176ff9a39a56c43c89e5be2f62b2fc94","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-franklin-blockchain-resolution-2025","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Franklin Resources March 31, 2025 10-Q Note 10 says the parties reached a resolution agreement, the action was expected to be dismissed, and the resolution had no material consolidated financial impact. Not proof of final court dismissal or all settlement terms.","observedAt":"2025-03-31T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:34.507Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/38777/000003877725000075/R18.htm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"4a5ab35633590c466428d6e8e5c67e1b02ee4367002bc146a569ccd1521ad790","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/4a5ab35633590c466428d6e8e5c67e1b02ee4367002bc146a569ccd1521ad790","assetId":"benji","attestations":[],"authority":"regulator","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-benji-custody-no-action-2026","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"August 12, 2026 SEC staff position on other Franklin funds holding BENJI shares with FTIS. Describes unilateral administrative controls. Conditional investing-fund Board reviews and three annual verifications do not prove execution or apply to all BENJI holders or underlying Treasury custody.","observedAt":"2026-08-12T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:34.556Z","sourceClass":"T2","sourceUrl":"https://www.sec.gov/rules-regulations/no-action-interpretive-exemptive-letters/division-investment-management-staff-no-action-interpretive-letters/franklin-templeton-081226","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"4f307ad504dafbbd2dc3cc8f4592661dcd7ebe70add9e46d0fa1a2eda123789a","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/4f307ad504dafbbd2dc3cc8f4592661dcd7ebe70add9e46d0fa1a2eda123789a","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-benji-custody-incoming-2026","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"August 12, 2026 issuer request supporting the staff position. Proposed investing-fund protections are not universal current holder rights or independent assurance.","observedAt":"2026-08-12T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:34.655Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/files/investment/no-action/franklin-templeton-no-action-incoming-letter-081226.pdf","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"ae4a7fbc2c86f1f323a0238ae29143e872cedcdf28b49e9e995022eef2139315","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/ae4a7fbc2c86f1f323a0238ae29143e872cedcdf28b49e9e995022eef2139315","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-benji-august-497j","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"August 5, 2026 certification that the prospectus and SAI forms do not differ from the July 27 registration.","observedAt":"2026-08-05T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:34.997Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926001144/c497j.htm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"0e76ef6fd74a2c245a826fc696ebdbbe4238b57021a8272e103cdadc34804be4","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/0e76ef6fd74a2c245a826fc696ebdbbe4238b57021a8272e103cdadc34804be4","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-benji-august-497k","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"August 1, 2026 summary prospectus filed August 3. Fee, waiver and no 12b-1 disclosures match the current full prospectus.","observedAt":"2026-08-01T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:34.893Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926001138/c497k.htm","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"0af8f6ee7e45b39ebd3b428e2bc9afb0d8f78c1b2d49d8e8ab76c5761b505377","artifactPath":"work/ratings/2026-10-10-benji-governance-inquiry-sources/artifacts/0af8f6ee7e45b39ebd3b428e2bc9afb0d8f78c1b2d49d8e8ab76c5761b505377","assetId":"benji","attestations":[],"authority":"issuer","deployments":[],"documentVersion":"Source-specific original version; operative, filing and acquisition dates distinguished","effectiveAt":null,"id":"benji-20261010-c4-primary-benji-june-npx","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Exact series annual N-PX Fund Notice Report for June 30, filed August 21, 2026. It supplies no later contract amendment or Fund governance enforcement finding.","observedAt":"2026-06-30T00:00:00.000Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:06:34.888Z","sourceClass":"T1","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000119312526360822/primary_doc.xml","treasuryV2Source":{"kind":"primary"}},{"artifactHash":"73cd99b0544bc8c850c6ad459b0ef100b977a40ca5a2e68d8016f1da0d0e8a78","artifactPath":"work/ratings/2026-10-10-benji-c4-preparation-r5/materialUnconstrainedDefect-inquiry.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"BENJI C4 bounded source and independent inquiry review, unchanged methodology 2.0.1","effectiveAt":null,"id":"benji-20261010-c4-materialUnconstrainedDefect-inquiry","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Actual bounded inquiry across the complete corrected C4 duty domain. Earlier partial inquiry records remain immutable; this new record has distinct exact-byte review.","observedAt":"2026-10-09T22:13:13.252Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:20:04.177Z","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000165558926000970/c485bpos.htm","treasuryV2Inquiry":{"conditionId":"materialUnconstrainedDefect","coverageStatement":"Bounded public-original inquiry completed 2026-10-09T22:13:13.252Z. Reviewed all 50 role-duty subjects across the corrected 15-role C4 domain against the 35 listed primary sources, current SEC submissions inventory and relevant later filings. Addressed every prior unresolved subject: WAM control applicability, FAV historical nondisclosure, omitted officer/shareholder duties, FIS delegation, bank discretion and remedy limits; also the platform litigation resolution and actual Franklin group oversight. No indication of the specified current applicable lower-anchor condition was established within this examined scope. This conclusion relies on the affirmative instruments, reported controls and scoped disposition facts together with current exact-Fund disclosures, not website silence. The separately archived per-role inquiry record gives the actual analysis. Independent exact-byte inquiry review is still required.","criterionId":"C4","limitations":["Bounded public-original inquiry, not proof of universal nonoccurrence or a legal enforceability opinion. Sources and roles are enumerated; contrary primary evidence reopens the result.","Original legal, reporting and conduct dates remain unchanged. Actual retrievals and the inquiry date do not refresh historical operations or prior criterion scores.","Material Board, officer and FTIS discretion, bank information exclusions, lien and set-off powers, qualified notices and liability limits, and shareholder claim/access restrictions remain in the assessment.","FAV 2020 and WAM 2026 regulatory findings remain identified historical failures. FAV reimbursement is expressly recorded in IA-5531; WAM Fair Fund distribution and the proposed Leech judgment are not asserted completed.","The platform litigation has an affirmative reported resolution agreement; final court dismissal and settlement terms were not verified. No universal IP clearance, absence of potential loss or Fund materiality conclusion follows from the parent financial disclosure.","WAM and Franklin monitoring descriptions are issuer representations, distinct from Fund CCO and FAV duties. No private SOC, completed recovery drill, code-permission assurance, optional counsel opinion or independent execution uplift is claimed.","The August staff position addresses other investing funds holding BENJI shares. Its conditional Board reviews and accountant verifications are not credited to every BENJI holder or to underlying asset custody.","FIS remains an actual operating role under FTIS retained responsibility. The current governance domain must reopen if an autonomous material power beyond this chain is 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Previous source-scope inference superseded, not a confirmed adverse event or exact candidate approval.","observedAt":"2026-10-09T22:33:02.096Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:33:53.150191+00:00","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000207169126023634/primary_doc.xml"},{"artifactHash":"9c98f91ad954f21b1119231c4ecad1518c0d1c538e995cb78ee34db31f38d76e","artifactPath":"work/ratings/2026-10-10-benji-c2-gap-review/review.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded public-source scope correction; unchanged methodology2.0.1","effectiveAt":null,"id":"benji-20261010-triparty-scope-independent-decision","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"Independent per-criterion dispositions: BENJI A5/C4 and JLTXX C4 reopen. Original facts, inquiry dates and history retained.","observedAt":"2026-10-09T22:33:02.096Z","product":"Franklin OnChain U.S. Government Money Fund","retrievedAt":"2026-10-09T22:33:53.150191+00:00","sourceClass":"T3","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1786958/000207169126023634/primary_doc.xml"},{"artifactHash":"c92f0b8b8cefaa0492ca5d76c99ed9867a5ad156f5c216195fa05373f5a5b52a","artifactPath":"work/ratings/2026-10-10-benji-c2-gap-review/hash-manifest.json","assetId":"benji","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded public-source scope correction; unchanged methodology2.0.1","effectiveAt":null,"id":"benji-20261010-triparty-scope-source-packet","identity":{"issuer":"Franklin Templeton Trust","product":"Franklin OnChain U.S. Government Money Fund","shareClass":"Fund shares represented by BENJI tokens"},"locator":"57 frozen source/review/analysis bindings. All exact original bytes and prior-review boundaries retained. 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Forward commitments and account restrictions remain specific falsifiers."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-sec-form-nmfp-instructions","jltxx-20261010-a3-fee-extract","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-a3-sec-accounting-bibliography","jltxx-20261010-a3-kpmg-2025-investment-companies","jltxx-20261010-a3-dart-815-exceptions","jltxx-20261010-a3-govinfo-sx-6-04-2025","jltxx-20261010-a3-aicpa-investment-panel","jltxx-20261010-a3-sec-ellington-accounting-response"],"statement":"Use the full reported liability total as the baseline for all existing recognized payables at September30. No additional pre-existing payable or blocked amount is positively identified in the examined fund-specific sources. Formal signed report has aggregate liabilities and complete held-position schedule; NAV definition subtracts everything owed; SAI requires commitment-date transaction recording and daily inclusion in NAV for when-issued/delayed-delivery purchases. Asset-liability reconciliation matches exactly. Custody recourse is fund-specific except disclosed transfer-account mechanism; a permitted borrowing or lien is not evidence of actual use. Supplemental accounting-bridge.json supplies payment-liability recognition and scope-exception interpretation; no claim that every contingency appears in A15. Use A15 for firm recognized physically settled purchase-price payables; reserve for the same obligation is deducted once. No additional actual restriction is identified by the bounded event inquiry. The original gross-mapping and netting uncertainty is presented to independent re-review, not silently marked resolved."},{"falsifiers":["Known material extraordinary obligation or interest/tax payable outside the reported baseline","Documented short-window ordinary obligations exceeding this reserve"],"id":"future-ordinary-expenses","limitations":["The source percentage and ordinary expense waiver are not a cap on excluded litigation, tax, interest or extraordinary costs. Full-year reserve is an analytical conservatism and cannot cover an unbounded known exceptional liability by assertion."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-fee-extract","jltxx-20261010-a3-nmfp-extract"],"statement":"Deduct one entire annual disclosed pre-waiver operating expense amount (0.71% of baseline NAV) in both independent cumulative windows, in addition to all reported liabilities. This is an intentionally conservative reserve for the short-window ordinary operating accrual, not an assertion that this whole amount is due within either window. The source discloses0.71% annual total operating expense and contractual0.16% ordinary expense limit throughJune30,2028. Model does not rely on receiving future reimbursements and uses the larger disclosed rate for a full year rather than prorating seven days. "},{"falsifiers":["Applicable public notice or report of a material active constraint","Unresolved specific existing obligation that can change the result"],"id":"no-additional-extraordinary-constraint","limitations":["This limited search may not support the required negative coverage; reviewer must reject if an identified source-scope gap remains material. Unavailable investor records are not evidence of zero obligations."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-fee-extract","jltxx-20261010-a3-oct1-full-supplement","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-a3-sec-submissions","jltxx-20261010-a3-jltxx-product","jltxx-20261010-a3-issuer-press-index-corrected","jltxx-20261010-a3-oct1-summary-supplement","jltxx-20261010-a3-sep30-other-nmfp-23650","jltxx-20261010-a3-sep30-other-nmfp-23649"],"statement":"No extra amount is inserted for purely permitted but unobserved extraordinary obligations or restrictions after reviewing the listed report, current product legal documents, custody scope and amendments. No specific active default, foreclosure, extraordinary payable or freeze is asserted in those exact product records. Inquiry is limited to the listed source set and portfolio date; no broad global-absence or no-litigation certificate is claimed. event-inquiry.json now records the authoritative 1000-row submissions index, all5filings in the target period, exact-fund supplements, issuer document/alert payload and dated press-index entries. No exact-fund N-CR, later notice or active extra constraint identified. "}],"basis":"contractualMaturityEstimate","calendar":{"businessDates":["2026-10-01","2026-10-02","2026-10-05","2026-10-06","2026-10-07"],"sourceEvidenceIds":["jltxx-20261010-a3-nyfed-calendar","jltxx-20261010-a3-nyse-calendar","jltxx-20261010-a3-fed-holiday-calendar","jltxx-20261010-a3-fedwire-operating-days"],"timezone":"America/New_York"},"delayDiagnostics":[{"id":"citi-delay","label":"Citigroup repayment unavailable in both windows","unavailableInstrumentIds":["S000101820:2026-09-30:position-1"]},{"id":"one-large-repo-delay","label":"One115128000 repayment unavailable in both windows (BofA representative)","unavailableInstrumentIds":["S000101820:2026-09-30:position-3"]},{"id":"both-large-repos-delay","label":"Both115128000 repayments unavailable in both windows","unavailableInstrumentIds":["S000101820:2026-09-30:position-3","S000101820:2026-09-30:position-10"]}],"excludedPositions":[{"instrumentId":"S000101820:2026-09-30:position-2","rationale":"US DEPARTMENT OF THE TREASURY 912797UK1: final maturity 2026-10-15 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-4","rationale":"US DEPARTMENT OF THE TREASURY 912797VN4: final maturity 2026-10-27 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-5","rationale":"US DEPARTMENT OF THE TREASURY 912797VL8: final maturity 2026-10-13 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-6","rationale":"US DEPARTMENT OF THE TREASURY 912797UY1: final maturity 2026-11-12 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-7","rationale":"US DEPARTMENT OF THE TREASURY 912797SK4: final maturity 2026-10-29 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-8","rationale":"US DEPARTMENT OF THE TREASURY 912797UL9: final maturity 2026-10-22 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-9","rationale":"US DEPARTMENT OF THE TREASURY 912797VM6: final maturity 2026-10-20 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]}],"excludedPositiveAmounts":["cashUSD2000686.56","otherassetsUSD34887.77","additionalrepo interest","allTreasury sales","allrepo collateral realization","interimcredits","uncommitted borrowing"],"inflows":[{"amount":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","inputKey":"position-1-value","op":"source"},"instrumentId":"S000101820:2026-09-30:position-1","maturity":{"dateInputKey":"position-1-legal-final","evidenceId":"jltxx-20261010-a3-nmfp-extract"},"rationale":"CITIGROUP GLOBAL MARKETS INC. (REPO): original security value used as an estimated maturity repayment, no added interest. Same-day end-of-bank-day availability is reviewed settlement-window interpretation, not a primary payment fact.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-c2c4-primary-sai"]},{"amount":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","inputKey":"position-3-value","op":"source"},"instrumentId":"S000101820:2026-09-30:position-3","maturity":{"dateInputKey":"position-3-legal-final","evidenceId":"jltxx-20261010-a3-nmfp-extract"},"rationale":"BOFA SECURITIES INC (REPO): original security value used as an estimated maturity repayment, no added interest. Same-day end-of-bank-day availability is reviewed settlement-window interpretation, not a primary payment fact.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-c2c4-primary-sai"]},{"amount":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","inputKey":"position-10-value","op":"source"},"instrumentId":"S000101820:2026-09-30:position-10","maturity":{"dateInputKey":"position-10-legal-final","evidenceId":"jltxx-20261010-a3-nmfp-extract"},"rationale":"WELLS FARGO SECURITIES LLC (REPO): original security value used as an estimated maturity repayment, no added interest. Same-day end-of-bank-day availability is reviewed settlement-window interpretation, not a primary payment fact.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-c2c4-primary-sai"]}],"inventory":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","id":"sep30-all10-positions"},"limitations":["September30,2026 portfolio only; no present-day portfolio or realized receipt claim.","One/five business-day cumulative windows end at relevant bank operating day; this is not investor B2 cutoff availability.","No new voluntary investments after baseline; pre-existing binding commitments remain in scope.","Conditional bounded estimate with excluded positive amounts. Independent analytical review is not independent execution assurance."],"nav":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","inputKey":"portfolio-nav","op":"source"},"negatives":[{"amount":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","inputKey":"reported-liabilities","op":"source"},"id":"reportedLiabilities","limitations":["N-MFP does not separately enumerate all settlement cash commitments/encumbrances; a reported accounting liability is not automatically every future contractual cash amount. This is an explicitly limited inference, not proof that all unreported commitments are zero. Forward commitments and account restrictions remain specific falsifiers."],"rationale":"Deduct the entire original A15 liability baseline in each separate cumulative window.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-sec-form-nmfp-instructions","jltxx-20261010-a3-fee-extract","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-a3-sec-accounting-bibliography","jltxx-20261010-a3-kpmg-2025-investment-companies","jltxx-20261010-a3-dart-815-exceptions","jltxx-20261010-a3-govinfo-sx-6-04-2025","jltxx-20261010-a3-aicpa-investment-panel","jltxx-20261010-a3-sec-ellington-accounting-response"],"treatment":"deduct"},{"coveredBy":"reportedLiabilities","id":"purchaseCommitments","limitations":["N-MFP does not separately enumerate all settlement cash commitments/encumbrances; a reported accounting liability is not automatically every future contractual cash amount. This is an explicitly limited inference, not proof that all unreported commitments are zero. Forward commitments and account restrictions remain specific falsifiers."],"rationale":"Firm recognized physically settled purchase-price payables are represented by A15 under the approved reporting bridge; no assertion of zero gross commitments.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-sec-form-nmfp-instructions","jltxx-20261010-a3-fee-extract","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-a3-sec-accounting-bibliography","jltxx-20261010-a3-kpmg-2025-investment-companies","jltxx-20261010-a3-dart-815-exceptions","jltxx-20261010-a3-govinfo-sx-6-04-2025","jltxx-20261010-a3-aicpa-investment-panel","jltxx-20261010-a3-sec-ellington-accounting-response"],"treatment":"coveredBy"},{"id":"encumbrances","limitations":["This limited search may not support the required negative coverage; reviewer must reject if an identified source-scope gap remains material. Unavailable investor records are not evidence of zero obligations."],"rationale":"No additional actual blocked amount beyond the deducted baseline identified in bounded inquiry. A reservation funding the same payable is deducted once; any separate/excess restriction remains a falsifier.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-fee-extract","jltxx-20261010-a3-oct1-full-supplement","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-a3-sec-submissions","jltxx-20261010-a3-jltxx-product","jltxx-20261010-a3-issuer-press-index-corrected","jltxx-20261010-a3-oct1-summary-supplement","jltxx-20261010-a3-sep30-other-nmfp-23650","jltxx-20261010-a3-sep30-other-nmfp-23649"],"treatment":"noIndication"},{"amount":{"left":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","inputKey":"portfolio-nav","op":"source"},"op":"multiply","right":{"op":"ratio","value":{"evidenceId":"jltxx-20261010-a3-fee-extract","inputKey":"annual-prewaiver-expense-percent","op":"source"}}},"id":"ordinaryExpenses","limitations":["The source percentage and ordinary expense waiver are not a cap on excluded litigation, tax, interest or extraordinary costs. Full-year reserve is an analytical conservatism and cannot cover an unbounded known exceptional liability by assertion."],"rationale":"Conservative additional full-year0.71% pre-waiver ordinary expense reserve; not a short-window amount due or exceptional-cost cap.","sourceEvidenceIds":["jltxx-20261010-a3-fee-extract","jltxx-20261010-a3-nmfp-extract"],"treatment":"deduct"},{"id":"extraordinaryObligations","limitations":["This limited search may not support the required negative coverage; reviewer must reject if an identified source-scope gap remains material. Unavailable investor records are not evidence of zero obligations."],"rationale":"No specific additional extraordinary obligation identified in exact bounded public inquiry; unavailable private records are not evidence of zero.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-fee-extract","jltxx-20261010-a3-oct1-full-supplement","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-a3-sec-submissions","jltxx-20261010-a3-jltxx-product","jltxx-20261010-a3-issuer-press-index-corrected","jltxx-20261010-a3-oct1-summary-supplement","jltxx-20261010-a3-sep30-other-nmfp-23650","jltxx-20261010-a3-sep30-other-nmfp-23649"],"treatment":"noIndication"}],"portfolioAsOf":"2026-09-30","portfolioId":"S000101820:2026-09-30","preparedBy":"/root","supportIds":["support.jltxx.token-class-C000272118"]},"locator":"Exact source-bound analytical model, September30 portfolio and October1-7 cumulative stress windows. Separate independent review required. No primary assertion.","observedAt":"2026-10-10T00:01:31.440Z","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","retrievedAt":"2026-10-10T00:19:26.262Z","sourceClass":"T3","sourceUrl":"https://bench3-treasury-benchmark.junweili0508.chatgpt.site/methodology/treasury-v2-0-2"},{"artifactHash":"e5b219e5b6062d5797cd669a0250db6e78788305d92e99d2978e4f5dc79c361e","artifactPath":"work/ratings/2026-10-10-a3-typed-review/liquidity-model-review.json","assetId":"jltxx","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Independent R2 typed model review at 2026-10-10T00:23:15.114Z","effectiveAt":null,"id":"jltxx-20261010-a3-exact-model-review","identity":{"issuer":"JPMorgan Trust IV","product":"JPMorgan OnChain Liquidity-Token Money Market Fund","shareClass":"Token Class"},"liquidityModelReview":{"decision":"approve","model":{"assumptions":[{"falsifiers":["A material difference between reported value and due repayment","Impairment/default or a contractual reduction affecting the counted amount"],"id":"amount-proxy","limitations":["C18 is security Value and does not directly report agreed repurchase price. The amount is an estimate rather than a certified minimum; positive coupon alone is not a mathematical proof. No generic zero-haircut issuer assertion is created."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-c2c4-primary-sai"],"statement":"Use each of the three reported repo security values as a proxy for maturity repayment, excluding additional interest. No sale proceeds, no collateral reuse and no temporary custody credit are counted. Exact positive-coupon, fixed-next-day, non-open asset repos; SAI specifies agreed repurchase date/price normally above purchase price; no sale haircut is needed for a held-to-maturity repayment estimate. "},{"falsifiers":["Applicable post-October1 contractual settlement/release","Actual repo delay, account freeze or bank closure affecting the window"],"id":"settlement-window","limitations":["No actual cash receipt or repo-specific cutoff observed. Custodian credits may reverse and do not count. A3 uses end-of-day underlying cash, not the fund5pm holder dealing cutoff. Calendar sources establish scheduled days, not absence of every exceptional closure."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-a3-fedwire-operating-days","jltxx-20261010-a3-nyfed-calendar","jltxx-20261010-a3-nyse-calendar"],"statement":"Estimate repayment becoming available by the end of the October1 bank operating day and retain that amount once in the cumulative five-day window. Each repo is marked daily-liquid and matures October1; official scheduled calendars are open; SAI describes date-specific repurchase, bank presents matured assets and posts actual receipts. "},{"falsifiers":["Any material existing settlement commitment not captured by A15","Active lien/overdraft/transfer-account allocation with amount beyond counted liabilities","Known netting or valuation practice leaving material gross settlement payment outside A15"],"id":"reported-negative-baseline","limitations":["N-MFP does not separately enumerate all settlement cash commitments/encumbrances; a reported accounting liability is not automatically every future contractual cash amount. This is an explicitly limited inference, not proof that all unreported commitments are zero. Forward commitments and account restrictions remain specific falsifiers."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-sec-form-nmfp-instructions","jltxx-20261010-a3-fee-extract","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-a3-sec-accounting-bibliography","jltxx-20261010-a3-kpmg-2025-investment-companies","jltxx-20261010-a3-dart-815-exceptions","jltxx-20261010-a3-govinfo-sx-6-04-2025","jltxx-20261010-a3-aicpa-investment-panel","jltxx-20261010-a3-sec-ellington-accounting-response"],"statement":"Use the full reported liability total as the baseline for all existing recognized payables at September30. No additional pre-existing payable or blocked amount is positively identified in the examined fund-specific sources. Formal signed report has aggregate liabilities and complete held-position schedule; NAV definition subtracts everything owed; SAI requires commitment-date transaction recording and daily inclusion in NAV for when-issued/delayed-delivery purchases. Asset-liability reconciliation matches exactly. Custody recourse is fund-specific except disclosed transfer-account mechanism; a permitted borrowing or lien is not evidence of actual use. Supplemental accounting-bridge.json supplies payment-liability recognition and scope-exception interpretation; no claim that every contingency appears in A15. Use A15 for firm recognized physically settled purchase-price payables; reserve for the same obligation is deducted once. No additional actual restriction is identified by the bounded event inquiry. The original gross-mapping and netting uncertainty is presented to independent re-review, not silently marked resolved."},{"falsifiers":["Known material extraordinary obligation or interest/tax payable outside the reported baseline","Documented short-window ordinary obligations exceeding this reserve"],"id":"future-ordinary-expenses","limitations":["The source percentage and ordinary expense waiver are not a cap on excluded litigation, tax, interest or extraordinary costs. Full-year reserve is an analytical conservatism and cannot cover an unbounded known exceptional liability by assertion."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-fee-extract","jltxx-20261010-a3-nmfp-extract"],"statement":"Deduct one entire annual disclosed pre-waiver operating expense amount (0.71% of baseline NAV) in both independent cumulative windows, in addition to all reported liabilities. This is an intentionally conservative reserve for the short-window ordinary operating accrual, not an assertion that this whole amount is due within either window. The source discloses0.71% annual total operating expense and contractual0.16% ordinary expense limit throughJune30,2028. Model does not rely on receiving future reimbursements and uses the larger disclosed rate for a full year rather than prorating seven days. "},{"falsifiers":["Applicable public notice or report of a material active constraint","Unresolved specific existing obligation that can change the result"],"id":"no-additional-extraordinary-constraint","limitations":["This limited search may not support the required negative coverage; reviewer must reject if an identified source-scope gap remains material. Unavailable investor records are not evidence of zero obligations."],"outcome":"supported","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract","jltxx-20261010-a3-fee-extract","jltxx-20261010-a3-oct1-full-supplement","jltxx-20261010-c2c4-primary-sai","jltxx-20261010-c2c4-primary-custody","jltxx-20261010-c2c4-primary-custody-schedule","jltxx-20261010-c2c4-primary-custody-amendment","jltxx-20261010-a3-sec-submissions","jltxx-20261010-a3-jltxx-product","jltxx-20261010-a3-issuer-press-index-corrected","jltxx-20261010-a3-oct1-summary-supplement","jltxx-20261010-a3-sep30-other-nmfp-23650","jltxx-20261010-a3-sep30-other-nmfp-23649"],"statement":"No extra amount is inserted for purely permitted but unobserved extraordinary obligations or restrictions after reviewing the listed report, current product legal documents, custody scope and amendments. No specific active default, foreclosure, extraordinary payable or freeze is asserted in those exact product records. Inquiry is limited to the listed source set and portfolio date; no broad global-absence or no-litigation certificate is claimed. event-inquiry.json now records the authoritative 1000-row submissions index, all5filings in the target period, exact-fund supplements, issuer document/alert payload and dated press-index entries. No exact-fund N-CR, later notice or active extra constraint identified. "}],"basis":"contractualMaturityEstimate","calendar":{"businessDates":["2026-10-01","2026-10-02","2026-10-05","2026-10-06","2026-10-07"],"sourceEvidenceIds":["jltxx-20261010-a3-nyfed-calendar","jltxx-20261010-a3-nyse-calendar","jltxx-20261010-a3-fed-holiday-calendar","jltxx-20261010-a3-fedwire-operating-days"],"timezone":"America/New_York"},"delayDiagnostics":[{"id":"citi-delay","label":"Citigroup repayment unavailable in both windows","unavailableInstrumentIds":["S000101820:2026-09-30:position-1"]},{"id":"one-large-repo-delay","label":"One115128000 repayment unavailable in both windows (BofA representative)","unavailableInstrumentIds":["S000101820:2026-09-30:position-3"]},{"id":"both-large-repos-delay","label":"Both115128000 repayments unavailable in both windows","unavailableInstrumentIds":["S000101820:2026-09-30:position-3","S000101820:2026-09-30:position-10"]}],"excludedPositions":[{"instrumentId":"S000101820:2026-09-30:position-2","rationale":"US DEPARTMENT OF THE TREASURY 912797UK1: final maturity 2026-10-15 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-4","rationale":"US DEPARTMENT OF THE TREASURY 912797VN4: final maturity 2026-10-27 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-5","rationale":"US DEPARTMENT OF THE TREASURY 912797VL8: final maturity 2026-10-13 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-6","rationale":"US DEPARTMENT OF THE TREASURY 912797UY1: final maturity 2026-11-12 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-7","rationale":"US DEPARTMENT OF THE TREASURY 912797SK4: final maturity 2026-10-29 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-8","rationale":"US DEPARTMENT OF THE TREASURY 912797UL9: final maturity 2026-10-22 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]},{"instrumentId":"S000101820:2026-09-30:position-9","rationale":"US DEPARTMENT OF THE TREASURY 912797VM6: final maturity 2026-10-20 lies after both windows; all sale proceeds excluded.","sourceEvidenceIds":["jltxx-20261010-a3-nmfp-extract"]}],"excludedPositiveAmounts":["cashUSD2000686.56","otherassetsUSD34887.77","additionalrepo interest","allTreasury sales","allrepo collateral realization","interimcredits","uncommitted borrowing"],"inflows":[{"amount":{"evidenceId":"jltxx-20261010-a3-nmfp-extract","inputKey":"position-1-value","op":"source"},"instrumentId":"S000101820:2026-09-30:position-1","maturity":{"dateInputKey":"position-1-legal-final","evidenceId":"jltxx-20261010-a3-nmfp-extract"},"rationale":"CITIGROUP GLOBAL MARKETS INC. 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All binary correspondences and parser-failure corrections retain explicit boundaries.","observedAt":"2026-10-10T01:43:59.495252+00:00","product":"Spiko US T-Bills Money Market Fund","retrievedAt":"2026-10-10T02:03:59.493Z","sourceClass":"T3","sourceUrl":"https://github.com/spiko-tech/solana-contracts/tree/afdab14fb1a59bf3abe2f263870023349a560e2e"},{"artifactHash":"9bc0518078f8bfabffca1691261487b2045a2cb9b7393231c2c2c4a32f7cf0f6","artifactPath":"work/ratings/2026-10-10-ustbl-controls-issuer-context/manifest.json","assetId":"ustbl","attestations":[],"authority":"independent","deployments":[],"documentVersion":"Bounded Solana control-path research; no full security-audit or criterion completion","effectiveAt":null,"id":"ustbl-20261010-solana-controls-issuer-context-manifest","identity":{"issuer":"SPIKO SICAV","product":"Spiko US T-Bills Money Market Fund","shareClass":"USD Share, ISIN FR001400ODM9, DLT ticker USTBL"},"locator":"Unchanged accepted July10 issuer article with original October9 acquisition. 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