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Tokenised Treasury · Ondo Finance·Live data

OUSGOndo Short-Term US Government Bond Fund

Ondo's flagship tokenised Treasury product. Holds short-duration US Treasury ETFs via a Cayman feeder structure. Distributes monthly via rebasing.

BComposite rating

7-day yield

3.44%

AUM 30d change

+$32.0M

Holders on-chain

1,840

History · last 30 days

Overview

Asset class
Tokenised Treasury
Jurisdiction
United States
Inception
25 Jan 2023
Regulatory wrapper
Reg D 506(c)
KYC required
Yes

Economics

7-day yield
3.44%
30-day yield
3.44%
Since inception
5.05%
Expense ratio
15 bps
Yield methodology
SEC 7-day
Distribution
Monthly

Scale

AUM 30d change
+$32.0M
Holders (on-chain)
1,840
Top 10 concentration
41%

Liquidity

Redemption
T+1
Min subscription
$5,000,000
Secondary market
Limited
Avg daily volume
$4.2M

Transparency

Reserve attestation
Weekly ●
Last attestation
18 May 2026
Audit firm
Ernst & Young
Smart contract audit
Quantstamp

Plinch rating · methodology v1.0

how this is computed →

Composite

B

76 / 100

  • Custody28/30
  • Attestation20/30
  • Liquidity16/25
  • Smart contract12/15

Custody

93/100A
  • Auditor: EY (Big 4)30/30
  • Regulatory wrapper: Reg D 506(c) (US private placement)28/35
  • Jurisdiction: United States25/25
  • Investor identification: KYC required10/10

Attestation

67/100B-
  • Cadence: Weekly55/70
  • Recency: very late2/20
  • Attesting auditor tier: EY (Big 4)10/10

Liquidity

65/100B-
  • Primary redemption: T+128/40
  • Secondary market: Limited15/30
  • Holder distribution: Top-10 hold 41% — moderately distributed22/30

Smart contract

80/100B+
  • Smart-contract auditor: Quantstamp (Tier 2)50/70
  • Contract age: >2 years live, no incident30/30

Underlying composition

Total $331M · Ondo Finance (OUSG portfolio) · just now

  • 45.68%
    SWEEPState Street Galaxy Onchain Liquidity Sweep Fund
    $151M3.39% 30d
  • 30.74%
    BUIDLBlackRock USD Institutional Digital Liquidity Fund
    $102M3.49% 30d
  • 12.38%
    BENJIFranklin OnChain U.S. Government Money Fund
    $40.9M3.57% 30d
  • 9.28%
    FYOXXFidelity Treasury Digital Fund
    $30.7M3.52% 30d
  • 1.55%
    USDOther Assets ⁴
    $5.1M0.00% 30d
  • 0.34%
    USDCCoinbase - Cash Equivalents
    $1.1M3.40% 30d
  • 0.03%
    USDSilicon Valley Bank - Bank Deposits
    $100k2.95% 30d

43.1% of this product's underlying assets are products Plinch separately tracks (BUIDL, BENJI). Holding OUSG gives you indirect exposure to those — click any covered ticker above to see its standalone page.

Chain coverage

EthereumprimaryPolygonSolana

Primary contract: 0x1B19C19393e2d034D8Ff31ff34c81252FcBbee92

Live data updated 12m ago · From 19 sources · Methodology