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Normalised product comparison
Put products side by side. Issuers publish fees, yields and redemption terms in different formats, so every figure here has been converted to the same basis first. Rows are grouped into economics, liquidity, access and regulation, infrastructure, and how well sourced the data is.
Normalised comparison
As of 29 Aug 2026
Ondo US Dollar Yield Note
USDY· Ondo Finance
Identity
Ticker
USDY
Issuer
Asset class
Tokenized Treasury
Product structure
Debt Instrument
Underlying asset
Short-term US Treasuries and bank demand deposits
Launched
31 Aug 2023
Economics
Yield
4.25%
Yield basis
30-day trailing APY
Expense ratio
0.50%
Yield net of fee
4.25%
AUM
$1.40B
17D AUM change
+5.1%
NAV per token
1.1481 USD
Base currency
USD
Weighted average maturity
21d
Liquidity
Redemption frequency
Daily
Dealing cut-off
13:00 ET, business days
Settlement
T+1 USD wire
Redemption fee
None
Secondary venues
Decentralised exchanges, Regional OTC desks
Access & regulation
Investor eligibility
AccreditedProfessionalInstitutional
Minimum investment
$500
Available in
EUSG
Prohibited
United States; US persons wherever resident
Issuer jurisdiction
United States
Fund domicile
United States (Delaware SPV)
Legal structure
US Reg D / 3(c)(7) Fund
Allow-list required
No
Transfer restrictions
Freely transferable after a 40–50 day distribution compliance period; US persons blocked.
Infrastructure
Networks
5
Custodian
Administrator
Transfer agent
-
Tokenization platform
Oracle / attestation
Chainlink Proof of Reserve
Highlighted cells mark the most favourable value on rows where a single direction is unambiguously better (higher yield, lower fee, lower minimum, faster redemption, shorter maturity, greater scale, better coverage). Rows marked * carry a caveat: hover the label. Yields quoted on different bases are not directly comparable; product structure changes what you legally own. This is data, not a recommendation.