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Ondo Finance
BBlackRock BUIDL-Backed (OUSG) + Ankura TrustSPOFDeFi & Institutional
Ondo Finance offers tokenized treasury products: OUSG (Short-Term US Government Treasuries, backed by BlackRock BUIDL) and USDY (a yield-bearing tokenized note backed by US Treasuries and bank deposits). Ankura Trust serves as trustee. Products are deployed across Ethereum, Solana, Mantle, Sui, and Aptos with strong DeFi integration.
75
Score Breakdown
Custody & Security35% weight
75
Ease of Use20% weight
78
Fees15% weight
78
Features10% weight
82
Transparency10% weight
72
Support10% weight
68
Assessment
Key Strength
OUSG backed by BlackRock BUIDL. USDY is a yield-bearing stablecoin alternative. Multi-chain deployment (Ethereum, Solana, Mantle, Sui, Aptos). Strong DeFi composability. Combined $1B+ TVL.
Primary Risk
Single platform risk. Newer entity (founded 2022). USDY structural complexity as a tokenized note. Ankura Trust as trustee adds intermediary layer.
Pros
- +OUSG backed by BlackRock BUIDL
- +Strong DeFi composability
- +Multi-chain deployment
- +Both institutional (OUSG) and retail (USDY) products
- +Competitive fees
Cons
- -Newer entity with limited track record
- -USDY structural complexity
- -Ankura Trust intermediary layer
- -KYC requirements for OUSG
Custody Features
✕Multisig
✕Multi-Institution
✕No Single Point of Failure
Segregated Accounts
Proof of Reserves
✕Insurance
Regulated Custodian
No Physical Exposure
✕Multi-Jurisdiction
✕Inheritance
✕Segregated Insurance
✕IRA
Lending
Buy/Sell
✕Dynasty Trusts
Fees
0.15% management fee (OUSG)
Minimum$5K (USDY) / $100K (OUSG)
Security
Insurance & Regulatory
Jurisdiction
United States
Licenses
SEC Reg D exempt offering
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