Treasuries · Ondo Finance

USDY · US Dollar Yield note

Fund size

$690m

Yield (7-day)

3.9%

Holders

21,400

Is it used?

Used

Fact sheet

Issuer: Ondo Finance
Tokenisation platform: Ondo
Chains: Ethereum, Solana, Mantle, Sui, Aptos, Noble
Launched: Aug 2023
Redemption: Business days, after a 40-day initial lock
Legal structure: Tokenised note of a bankruptcy-remote LLC
Who can invest: Non-US individuals and institutions · minimum $500

Is it actually used?

4,900 wallets active and 38,100 transfers in 30 days; 44% idle.

Idle supply (90 days): 44%
Held by the top 10 wallets: 39%
Transfers, 30 days: 38,100
Active wallets, 30 days: 4,900

Describes on-chain activity only. It says nothing about the quality of the fund.

Accepted as collateral?

Tracker

CFTC tokenised collateral pilot (US derivatives)Derivatives margin · haircut Set by clearing housePilot

DTCC collateral pilotClearing and settlement · haircut Pilot termsPilot

UK central counterpartiesDerivatives margin · haircut —Not accepted

Reserves and reporting

Up to date

Monthly attestation by Independent accounting firm. Latest: 2026-10-31 (10 days ago).

All attestations →

Who is involved

Ethereum

Information only, compiled from public sources with AI assistance. Not investment, legal, tax or regulatory advice, and not a recommendation to buy or sell anything. Scenarios describe what could happen and what has happened before; they are not forecasts. Prices are delayed or end-of-day. Always check the original source.