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OUSG provides tokenized exposure to short-term US government securities, largely via holdings of BlackRock's BUIDL and money market instruments. The token accretes value as interest accrues (no rebases), with 24/7 instant subscriptions and redemptions in USDC for onboarded investors.
Accumulating exposure to short-term US Treasuries with instant mint/redeem.
Prism analyst note
OUSG is effectively an institutional wrapper over BUIDL with better operational ergonomics: instant 24/7 mint and redemption against USDC and a lower minimum. The accumulating (non-rebasing) design suits treasurers who want a clean cost-basis. Risks mirror BUIDL's, whitelist dependence and issuer operational risk, plus a thin additional layer of structure risk from the Ondo vehicle itself. Yield tracks front-end rates minus fees.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- BUIDL, US T-bill funds, bank deposits
- Legal structure
- Delaware series LLC interests offered under Reg D
- Jurisdiction
- United States
- Custodian
- Underlying fund custodians (incl. BNY Mellon via BUIDL)
- Administrator
- NAV Consulting / Ondo
- Oracle / NAV source
- Ondo NAV oracle (on-chain rate reporting)
- Reserve information
- Portfolio composition and daily NAV published by Ondo; majority allocated to BlackRock BUIDL with residual cash for instant liquidity.
- Transfer restrictions
- Transfers restricted to KYC-approved qualified purchasers.
- Investor eligibility
- Qualified purchasers
- KYC required
- Yes
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 80+
Documents & disclosures
Frequently asked
How does OUSG differ from USDY?+
OUSG is for US qualified purchasers and accretes NAV; USDY is a Reg S product for non-US investors structured as a secured note.
How fast are redemptions?+
Instant redemptions in USDC are available 24/7 up to liquidity limits, with traditional redemption as fallback.
