Ondo Short-Term U.S. Government Bond Fund

OUSG is a tokenized fund token representing shares in the Ondo Short-Term U.S. Government Bond Fund, managed by Ondo Capital Management, a subsidiary of Ondo Finance. It is designed to bring exposure to short-term U.S. Treasury bill yields onto public blockchains, making that exposure accessible to on-chain participants who otherwise could not hold it directly. The product targets users who want their on-chain capital to earn returns tied to short-term government securities rather than sitting idle.

The fund holds the significant majority of its assets in the iShares Short Treasury Bond ETF, with a small portion kept in USDC and USD for liquidity purposes. OUSG tokens are issued on Ethereum, Solana, and Polygon, and each token represents a proportional claim on the underlying fund portfolio. The token's price, currently 116.36 USD per token against a circulating supply of 3,157,373.806735665 tokens, reflects the net asset value of those underlying holdings rather than open-market trading dynamics.

The data stored for OUSG does not include a fee stream, so no fee figures, revenue recipients, or protocol retention figures are available on this page. The fund's returns derive from the yield generated by its short-term Treasury ETF holdings, but how any management fees are structured, charged, or distributed is not captured in the stored metrics. Visitors seeking fee-based valuation measures will find those fields are not applicable here.