Ondo Finance
Issuer of tokenized Treasury funds (OUSG, USDY) and tokenized US stocks for eligible investors.
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Ondo Finance key facts
| Category | Asset tokenization |
|---|---|
| Chains | Ethereum, Polygon, Solana, XRP Ledger (OUSG) |
| Platforms | Web |
| Fees | OUSG: 0.15% management fee, waived until Jan 1, 2027 |
| US availability | USDY: not for US persons; OUSG: accredited investors who are also qualified purchasers |
| Security audits | Cantina and other firms |
| Chains | OUSG: Ethereum, Polygon, Solana, XRP Ledger; instant mint on Ethereum only |
ONDO token
- Price
- $0.362 -3.6% 24h
- Market cap
- $1.8B
- Fully diluted value
- $3.6B
- 30-day change
- -29.4%
Market data: CoinGecko, updated Nov 10, 2026. Educational content, not financial advice.
What is Ondo Finance?
Ondo Finance issues tokenized financial products: OUSG, a tokenized short-term US Treasury fund for qualified investors, USDY, a yield-bearing dollar token, and Ondo Stocks, tokenized US equities. OUSG has a 0.15% management fee, waived until January 1, 2027. USDY and Ondo Stocks are not offered to US persons.
How Ondo Finance works
OUSG holds mainly short-term US Treasuries and government-sponsored enterprise securities, invested through funds from managers such as BlackRock, Franklin Templeton, WisdomTree and Fidelity, plus bank deposits and USDC for liquidity.
When you instant-mint with USDC or PYUSD, OUSG arrives in the same wallet in one atomic transaction. Instant mints and redemptions are capped at $25M per investor and $50M across all investors per 24 hours, and work only on Ethereum mainnet. OUSG also exists on Polygon, Solana and XRP Ledger.
Larger or wire-funded orders go through non-instant processing. Money received before the 4pm ET cutoff typically yields tokens the next business day. USDY is issued by Ondo Global Markets (BVI) Limited.
How to start with Ondo Finance
- To invest in OUSG you must onboard to Ondo's Qualified Access Funds and be both an accredited investor and a qualified purchaser.
- Accredited status needs evidence, for example $1M net worth excluding your home or $200,000 income; qualified purchaser status is self-attested, most commonly $5M net worth.
- Then connect a non-custodial wallet or multisig at ondo.finance/ousg; exchange accounts are not supported.
- Minimums are $5,000 for instant transactions and $100K to invest or $50K to redeem otherwise.
Ondo Finance fees and limits
- OUSG's management fee is 0.15%, waived until January 1, 2027.
- Fund expenses are capped at 0.15% a year, and underlying funds carry their own costs, which reduce returns.
Instant mints and redemptions may carry extra fees listed on the OUSG product page.
Risks to know before using Ondo Finance
- OUSG is taxed as a partnership, so you receive a Schedule K-1 rather than a 1099, and may owe state and local taxes as well.
- Instant redemptions can be limited by Circle's USDC availability.
- USDY is closed to US persons under Regulation S, and to residents of Canada and the other jurisdictions it lists.
- Audits listed in the docs include Cantina, Spearbit, Halborn, Cyfrin, Code4rena, Zellic and FYEO reviews dated 2023 to 2026.
Ondo Finance usage
From DefiLlama (fees users paid), updated Nov 10, 2026.
Ondo Finance alternatives
Other projects people compare with Ondo Finance.
Tokenization firm with broker-dealer and transfer agent entities, offering tokenized funds and stocks.
Issuer of tokenized funds such as USTB, a short-duration US Treasury fund for accredited investors.
Infrastructure for asset managers to tokenize, manage and distribute real-world assets onchain.
Where Ondo Finance ranks on DappAtlas
Listed next to Ondo Finance
Ondo Finance pros and cons
- OUSG management fee of 0.15% waived until January 1, 2027
- Audits by Cantina and other firms
- Several products: Treasuries, a yield dollar, stocks
- USDY and Ondo Stocks are not available to US persons
- OUSG requires qualification, commonly $5M+ net worth for individuals
- Instant mint and redeem can carry extra fees
Ondo Finance FAQ
What is Ondo Finance?
Ondo Finance issues tokenized financial products: OUSG, a tokenized short-term US Treasury fund for qualified investors, USDY, a yield-bearing dollar token, and Ondo Stocks, tokenized US equities. OUSG has a 0.15% management fee, waived until January 1, 2027. USDY and Ondo Stocks are not offered to US persons.
Which chains does Ondo Finance support?
Ethereum, Polygon, Solana, XRP Ledger (OUSG).
How much does Ondo Finance cost?
OUSG: 0.15% management fee, waived until Jan 1, 2027, according to Ondo Finance’s own page (checked Sep 26, 2026).
How much do users pay Ondo Finance in fees?
$7.8M over the last 30 days, according to DefiLlama on Nov 10, 2026.
Does Ondo Finance have a token?
Yes, ONDO. Its market cap was $1.8B on CoinGecko on Nov 10, 2026. Educational content, not financial advice.
Is Ondo Finance available in the US?
USDY: not for US persons; OUSG: accredited investors who are also qualified purchasers, according to Ondo Finance’s own page (checked Sep 26, 2026).
Sources
How this page works
Sources: Ondo Finance: official site, Ondo: OUSG fees and taxes, Ondo: USDY eligibility. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.