Ondo Short-Term US Government Bond Fund (OUSG) product
Overview
OUSG is the Ondo Short-Term US Government Treasuries Fund, a tokenised vehicle giving onchain investors exposure to short-duration US government debt. It is issued by Ondo I LP, a Delaware limited partnership, with Ondo Capital Management LLC acting as registered investment adviser, and it is offered under SEC Rule 506(c) to accredited investors and qualified purchasers only. Rather than buying Treasury bills directly, OUSG holds a portfolio of other tokenised money-market and Treasury funds: as shown on Ondo's fund page, that included State Street's Galaxy Onchain Liquidity Sweep Fund (SWEEP) at 37.06%, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) at 24.94%, Franklin's OnChain U.S. Government Money Fund (BENJI) at 19.03% and the Fidelity Treasury Digital Fund (FYOXX) at 17.69%, plus USDC and bank deposits held for liquidity. The token supports 24/7/365 instant mint and redemption, including on weekends and holidays, with a $5,000 minimum for instant transactions and no mint or redemption fees. OUSG is available on Ethereum, Polygon, Solana and the XRP Ledger, and the fund page showed total value locked of approximately $405.59 million as of the date accessed (22 July 2026). OUSG is Ondo Finance's flagship institutional Treasury product and has evolved from holding a single Treasury ETF into a diversified basket of tokenised government money-market funds from BlackRock, State Street, Franklin Templeton and Fidelity, expanding from Ethereum onto Polygon, Solana and the XRP Ledger.
Within the DeFi Intel graph, Ondo Short-Term US Government Bond Fund (OUSG) connects to 9 tracked entities, most strongly to Ethereum, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Ondo Finance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 9 of 9 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
integrates | BlackRock USD Institutional Digital Liquidity Fund (BUIDL) | 95% |
issued_by | Ondo Finance | 95% |
used_in | Kinexys-Ondo-Chainlink Cross-Chain DvP Settlement | 95% |
issued_by | Ondo Finance | 90% |
deployed_on | Solana | 85% |
deployed_on | Polygon | 85% |
integrates | Franklin OnChain US Government Money Fund (BENJI / FOBXX) | 85% |
custodian_of | BNY Mellon | 70% |
Frequently asked questions
What is Ondo Short-Term US Government Bond Fund (OUSG)?
Ondo Short-Term US Government Bond Fund (OUSG) is a tokenized-treasury tracked in the DeFi Intel knowledge graph. It is connected to 9 other tracked entities, most strongly to Ethereum, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Ondo Finance.
What type of entity is Ondo Short-Term US Government Bond Fund (OUSG)?
Ondo Short-Term US Government Bond Fund (OUSG) is classified as a tokenized-treasury (product) in the DeFi Intel knowledge graph.
What is Ondo Short-Term US Government Bond Fund (OUSG) connected to?
In the DeFi Intel knowledge graph, Ondo Short-Term US Government Bond Fund (OUSG) is linked to 9 other tracked entities, most strongly to Ethereum, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Ondo Finance.
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