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Ondo’s tokenized Treasury fund tops $407 million in assets

The Ondo Short-Term US Treasuries Fund (OUSG) shows a 3.45% APY and a $5,000 minimum for instant subscriptions and redemptions, limited to accredited investors.

Reported · Written up by our desk · Market Structure

Tokenized sovereign debt is moving from concept to use as regulated Treasury exposure is wrapped into onchain settlement products, according to CryptoSlate.

CryptoSlate points to Ondo’s OUSG, which on July 10 showed total value of about $407.24 million, along with a quoted 3.45% APY and a roughly two-chain split of about $222.07 million on XRPL and $185.17 million on Ethereum.

The outlet also notes that the product offers instant investments and redemptions with a $5,000 minimum, and it is limited to accredited investors and qualified purchasers, signaling a defined compliance boundary.

CryptoSlate further reports that Ondo’s OUSG holds positions in other digital Treasury offerings, including about $150 million in State Street Galaxy Onchain Liquidity Sweep Fund, $101.01 million in BlackRock’s BUIDL, $77.08 million in Franklin Templeton’s BENJI, and about $69.10 million in Fidelity Treasury Digital Fund.

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