Ondo US Government Bond Fund
OUSG
Ondo US Government Bond Fund (OUSG) is a Tokenized US Gov MMF issued by Ondo Finance. It provides institutional investors with on-chain exposure to short-term us treasuries and repo agreements, combining the safety profile of traditional fixed-income instruments with the settlement efficiency of tokenized assets.
Treasury Overview
| Symbol | OUSG |
| Issuer | Ondo Finance |
| Category | Tokenized US Gov MMF |
| Underlying | Short-term US Treasuries and repo agreements |
| Credit Rating | AAAm |
| Liquidity | high |
| Current APY | 3.80% |
| Total Value Locked | $172.2M |
| Data as of | 2026-05-07 |
Collateral & Underlying Assets
Short-term US Treasuries and repo agreements. Repurchase agreements (repos) collateralized by US government securities provide overnight or short-term liquidity while maintaining near-cash risk profiles. The repo market is one of the largest and most liquid segments of the US fixed-income market.
Risk Analysis
Credit Quality
AAAm is the highest rating assigned to money market funds by major rating agencies such as S&P Global. It indicates exceptional credit quality, superior capacity to maintain a stable NAV, and minimal credit and market risk.
Liquidity Risk
Daily redemption available. Investors can typically exit at NAV within one business day, making this suitable for operational treasury and cash management use cases.
Yield Analysis
Current APY
3.80%
Total Value Locked
$172.2M
Source: DeFiLlama / RWA.xyz. Yields are variable and reflect recent on-chain data. Past performance is not indicative of future results.
Duration & Rate Sensitivity
Very low — near-zero duration means minimal sensitivity to interest rate movements. NAV is highly stable even in rising-rate environments.
Key Insights
- –Backed primarily by BlackRock BUIDL shares and cash
- –daily NAV updates
Issuer & Provenance
OUSG is issued and managed by Ondo Finance. Risk profile and collateral data was last verified on .
Issuer disclosure ↗