Ondo Short-Term US Government Treasuries
Tokenized LP interest in a Delaware fund of tokenized Treasury and money-market funds (State Street SWEEP, BlackRock BUIDL, Franklin BENJI, Fidelity FYOXX) plus USDC. Eligible holders can mint and redeem against USDC instantly, 24/7.
Exit
How fast can a holder, or a liquidator, get out?
Only allowlisted holders can redeem.
An instant redemption facility exists, but how much it can pay out isn't public.
Only allowlisted holders can redeem.
Only allowlisted liquidators can hold the token.
Redemption settles at T+0.
Suspension is limited to stated cases.
- Minimum redemption $5.0K.
- OUSG InstantManager: unknown available, $50.0M/day cap.
- Top 10 wallets hold 95.2% of supply on ethereum.
Redemption with the issuer
- Redemption available
- Yes
- Who can redeem
- Whitelisted holders
- Dealing
- Any time
- Settlement
- T+0
- Notice period
- None
- Lock-up
- None
- Gates or suspension
- Can be suspended, within stated limits
- Daily cap
- None
- Minimum
- $5,000.00
- Fee
- 0%
Liquidators
In a lending market, the real exit window is how fast a liquidator can get out.
- Can hold the token
- Allowlisted wallets only
Holder concentration
Instant exits
Ways out that don't wait for redemption. Real liquidity means $5.0M out at once.
Instant redemption facilities
Selling on DEXs into USDC
| Sell | You get | Loss against NAV |
|---|---|---|
| $1.0M | No route | — |
| $5.0M | No route | — |
| $10.0M | No route | — |
Quoted 25 Oct 2026, 09:16 UTC at NAV $116.88, via KyberSwap.