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Ondo Finance

B
BlackRock 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.

Visit Ondo Finance
By Steve L, Editorial Lead·Reviewed by Proof of Custody Editorial
·Last updated Mar 2, 2026
75
Custody & SecurityEase of UseFeesFeaturesTransparencySupport
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)
Regulatory
Jurisdiction
United States
Licenses
SEC Reg D exempt offering
Custody Independence Standard
0 of 4 pillars met
Vendor independenceNot met
Entropy independenceNot publicly documented
Control independenceNot met
Operational independenceDepends on configuration

1 independent party or system must fail before a Ondo Finance holder's bitcoin is at risk.

  • •A single institution controls the keys, so its compromise, insolvency, or unilateral action is sufficient to put funds at risk.
  • •Regulated status and segregation can protect assets in insolvency, but they do not create independence of control.
How this is assessed →
Insurance

Ondo Finance's custody insurance is not publicly disclosed.

Frequently asked questions
Is Ondo Finance safe?+

Ondo Finance uses a blackrock buidl-backed (ousg) + ankura trust model and scores 75/100 in our independent review, including 75/100 on custody security. One institution can move funds, which is a single point of failure. Safety depends on your priorities; see the full score breakdown above.

Is my bitcoin insured at Ondo Finance?+

Ondo Finance's custody insurance is not publicly disclosed in a form we can verify. Where it exists, custody insurance covers specific named events up to shared limits and does not cover price loss. Confirm coverage in writing before relying on it.

What happens to my bitcoin if Ondo Finance fails?+

Because Ondo Finance holds custody through a single institution, recovery in a failure would run through that institution's bankruptcy or resolution process and depends on whether assets were segregated and properly titled. This is the concentration risk of single-custodian models.

Does Ondo Finance support inheritance?+

Ondo Finance does not advertise a dedicated inheritance or beneficiary feature in the data we track. Confirm current options with the provider, since custody inheritance handling changes.

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Ondo Finance vs Others

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90/100
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89/100
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85/100
vs Onramp LendingA-
84/100