OUSG
Ondo Short-Term US Treasuries Fund*
The Institutional Standard
for Dollar Yield
Built for institutional investors, OUSG offers exposure to short-term US Treasuries with 24/7 instant mints and redemptions.
Price
110.2402
APY¹
4.35%
TVL
$408.12M
Available on

USDC
1 OUSG = $110.24
Instant Limits
Min. Mint Amount
$5,000.00
Global Limit Remaining
$149.95M/$150.00M
Global Limit Resets In
07:09:44
(4:02 PM)
Individual Limit Remaining
$25.00M/$25.00M
Individual Limit Resets In
(8:53 AM)
Available Liquidity
$14.68M
Safe, Daily Yield.Now 4.35% APY. ¹
Access exposure to lower-risk and liquid US Treasury bills while accruing daily interest by simply holding OUSG.
$110.2402
1W
1M
1Y
ALL
OUSG in Detail
Sustainable Yield, Transparent Fees.
Eligibility
Accredited Investor Qualified Purchasers
Primary Assets
BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
Liquidity
24/7 via USDC, Daily via USD
Legal Structure
Limited Partnership Interests
Use Cases
Cash Management; Yield-Bearing Collateral
Regulatory Compliance
Continuous Regulation D Rule 506(c) Offering
Issuer Domicile
United States
Minimum Mint
$5K, Instant Mint, 0% Fee
Minimum Redemption
$5K, Instant Redemption, 0% Fee
Management Fee
0.15%0% (Until July 1, 2025)
Fund Expenses
Up to 0.15%
Available Networks
Polygon
,Solana
Security, Utility, & Liquidity,All in One.
Yield-Bearing
Earn daily yield with the stability, transparency, and liquidity of high-quality funds secured by US Treasuries.
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24/7/365 Instant Mint & Redemption
Instantly mint and redeem OUSG, 24/7/365, even on weekends and bank holidays.
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Low Minimums
Minimum investments start at just $5K, a fraction compared to minimums of other institutional products.
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High-Quality Assets
Backed by high-quality assets, which currently include BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), USDC, and bank deposits.
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Trusted & Transparent
Full financial reporting prepared and published daily by a 3rd-party administrator.
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Regulatory Compliance
OUSG represents interests in a 3(c)(7) fund and is offered and sold in reliance on Rule 506(c) of the US Securities Act.
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Assets
Yield. However You Want It.
Choose between two versions of OUSG based on how you want to manage your yield, then convert between them at any time with no slippage.
OUSG
Accumulating
An "accumulating" token that reflects income in the form of an increasing share price.
Example
If Alex has one accumulating OUSG token worth $1 and accrues one dollar of yield, he now has one OUSG token worth $2.
rOUSG
Rebasing
A "rebasing" token with a stable $1 value that pays out interest daily via new token rebasement.
Example
If Alex has one rebasing rOUSG token worth $1 and accrues one dollar of yield, he now has two rOUSG tokens, each still worth $1 apiece.
Use Cases
Institutional-Grade Meets Crypto Native.
OUSG combines exposure to some of the historically safest, most stable, and most liquid traditional yield-bearing assets with the speed, accessibility, and utility of the blockchain.
Cash Management
Earn low-risk yield on your cash with the benefits of instant, 24/7 minting and redeeming.
Borrowing & Lending
Keep earning yield when you pledge OUSG as collateral for borrowing.
Bilateral Settlement
Instantly settle transactions while continuously earning yield.
Holdings
Backed by Institutional-Grade Assets and Partners.
The significant majority of the OUSG portfolio is currently in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with the remainder in BlackRock’s FedFund (TFDXX), bank deposits, and USDC for liquidity purposes. The portfolio may, in the future, include other US Treasury funds and/or direct investments in US Treasuries.
Current TVL
$408.12M TVL
1W
1M
1Y
ALL
Chart values as of 7:00:00pm EST.
Selected Partners
BUIDL Details
BUIDL seeks to offer a stable value of $1 per token. The Fund invests 100% of its total assets in cash, US Treasury bills, and repurchase agreements, allowing investors to earn yield while holding the token on the blockchain.
Fund Admin & Custodian
BNY Mellon
Fund Manager
BlackRock
Transfer Agent
Securitize
Auditor
PwC
Contact Us.
Interested in one of our products or have a question? Send us a message and we'll get back to you shortly.
You can send us a message by filling out the adjacent form or by emailing us at [email protected]
We're always improving the client experience, growing liquidity, providing more options, and building our one-of-a-kind community one brick at a time. If you provide a first-class digital assets service that incorporates our products we want to hear from you!
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I am a Qualified Purchaser
FAQ
Who is eligible to buy OUSG?
Organizations or individuals in eligible countries - including the US - who have onboarded to our Qualified-Access Funds can invest in, redeem, or transfer, or receive OUSG. See all the ways you can qualify here.
How is OUSG backed?
The significant majority of this portfolio is currently in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with the remainder in BlackRock’s FedFund (TFDXX), bank deposits, and USDC for liquidity purposes. The portfolio may, in the future, include other US Treasury funds and/or direct investments in US Treasuries.
How does USDY compare to OUSG?
While OUSG and USDY are both institutional-grade tokenized cash-equivalents, they have slightly different intended audiences and use cases. Explore comparisons between USDY and OUSG here to determine which is right for you.
How do I invest?
To invest, you must first onboard to our Qualified-Access Funds. Once you complete onboarding, you can invest either USD via wire transfer or via any supported stablecoin.
What is the minimum I can invest in OUSG?
For instant transactions, the minimum amount is $5K for both investments and redemptions. For non-instant transactions, our minimum investment and redemption amounts are $100K and $50K, respectively.
Resources
See the Latest from Ondo
[*] OUSG has not been registered under the US Securities Act of 1933, as amended ("Act") or pursuant to securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Ondo I LP, the issuer of OUSG, is not registered as an investment company under the US Investment Company Act of 1940, as amended, or pursuant to analogous laws of any other jurisdiction. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, OUSG. Acquiring OUSG involves risks. A OUSG holder may incur losses, including total loss of their investment. Past performance is not an indication of future results. Additional terms and conditions will apply.
[1] The APY is calculated by annualizing the increase in price over the past 30 days.