OCB — Trust Rating
OUSG Trust Rating
Ondo Finance · Tokenized share of an actively-managed short-term U.S. Treasury fund.
OUSG (Ondo Finance) scores 64/100 on OnChain Benchmark's Verified Capital Trust Rating — Limited band — across four dimensions: disclosure quality 19/25, redemption liquidity 19/25, structural trust 24/25, and holder concentration 4/25 (methodology v1.2, as of Aug 26, 2026).
Verified Capital Trust Rating
OCB — 01
OUSG across four dimensions
Each dimension is scored out of 25, then multiplied by its weight and summed into the /100 composite — so the four dimension scores are a weighted, not a plain, sum. Last scored Aug 26, 2026 on methodology v1.2.
| Dimension | Score | Weight |
|---|---|---|
| Disclosure Quality | 19 / 25 | ×0.4 |
| Redemption Liquidity | 19 / 25 | ×0.9 |
| Structural Trust | 24 / 25 | ×1.4 |
| Holder Concentration | 4 / 25 | ×1.3 |
| CompositeΣ (score × weight) | 64 / 100 |
OCB — 02
OCB Instrument
Rating history
OCB — 03
Evidence behind the rating
A sample of the verified facts behind OUSG's score. Each finding carries a confidence level; the full diligence trail is in the terminal.
- Holder Concentrationaddress exclusion95% confidence
GnosisSafeProxyFactory contract — source verified on Etherscan Contract tab. Infrastructure contract; not a holder in any economic sense.
Verified Jun 1, 2026· Etherscan Contract tab — GnosisSafeProxyFactory source verified. - Holder Concentrationaddress exclusion95% confidence
EOA. Etherscan labels the outgoing tx destination as "Ondo Finance: OUSG Token". Funded from another labeled Ondo address (0x06F38733...6f937ceE8) 2 years ago. 446 protocol transactions.
Two independent signals: label chain + funding provenance. Meets 90% threshold despite being an EOA.
Verified Jun 1, 2026· Etherscan address page — Ondo label chain on outgoing txns + funding provenance from labeled Ondo address. - Holder Concentrationaddress exclusion95% confidence
Gnosis SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 16.37% of OUSG supply.
Verified Jun 1, 2026· Etherscan Contract tab — SafeProxy source verified. - Disclosure Qualitygovernance finding95% confidence
DEFAULT_ADMIN_ROLE holder is a Gnosis Safe 4-of-7 (Safe: Singleton 1.3.0). 7 owners verified. Owners: 0x74a4C329...4C632173D, 0x189D409b...FE9457607, 0xECE6bC29...4737e5d0, 0x60F030d6...e2D95FB02, 0xaA1E4eef...A4B092f8e, 0x020679fF...7c1beD241, 0x6A95a204...E85594f46. 5 of 7 owners match USDY Safe — same Ondo keyholder set, separate Safe instance.
Verified Jun 1, 2026· Etherscan address page — Smart Account by Safe label. Owners tab + getThreshold() = 4. - Holder Concentrationaddress exclusion95% confidence
Gnosis SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 7.07% of OUSG supply.
Verified Jun 1, 2026· Etherscan Contract tab — SafeProxy source verified. - Disclosure Qualityattestation source95% confidence
Balance-sheet and account-statement PDFs embedded in Next.js RSC streaming payload. Machine-fetchable via RSC:1 header. 93 reports ingested over 6-month smoke test — 100% match rate.
Verified May 31, 2026· Etherscan — RSC-rendered reserve report page inspected - Holder Concentrationholder investigation80% confidence
EOA, no Etherscan label, no Contract tab. 1,038 transactions, $69M position across 47 tokens. Token transfer history shows regular Subscribe (mint from null) and Redeem (burn to Ondo Finance: OUSG In...) pattern — consistent with active institutional cash-management position, not protocol infrastructure.
Confidence 80% (below 90% exclusion threshold) — kept-in decision, not exclusion, so lower confidence is acceptable. Conservative choice is correct here.
Verified Jun 1, 2026· Etherscan token transfer tab — Subscribe/Redeem pattern across 1,038 txns.
OCB — 04
Key facts
- Issuer
- Ondo Finance
- Asset class
- Tokenized U.S. Treasuries
- Collected chains
- Ethereum · XRP Ledger
- Catalogued, not collected
- Polygon · Solana
- Methodology
- v1.2
- Last scored
- Aug 26, 2026
- Rubric
- Verified Capital Trust Rating
Supply figure: Ethereum only
The interactive terminal shows every verified fact behind OUSG's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.