OCB — Trust Rating
USDY Trust Rating
Ondo Finance · Yield-bearing token backed by short-term U.S. Treasuries and bank deposits.
USDY (Ondo Finance) scores 88/100 on OnChain Benchmark's Verified Capital Trust Rating — Verified band — across four dimensions: disclosure quality 8/25, redemption liquidity 22/25, structural trust 23/25, and holder concentration 25/25 (methodology v1.1, as of Jul 7, 2026).
Verified Capital Trust Rating
OCB — 01
USDY across four dimensions
Each dimension contributes up to 25 points to the composite trust rating. Last scored Jul 7, 2026 on methodology v1.1.
| Dimension | Score |
|---|---|
| Disclosure Quality | 8 / 25 |
| Redemption Liquidity | 22 / 25 |
| Structural Trust | 23 / 25 |
| Holder Concentration | 25 / 25 |
| Composite | 88 / 100 |
OCB — 02
Evidence behind the rating
A sample of the verified facts behind USDY's score. Each finding carries a confidence level; the full diligence trail is in the terminal.
- Disclosure Qualitygovernance finding95% confidence
DEFAULT_ADMIN_ROLE holder is a Gnosis Safe 4-of-7 (Safe: Singleton 1.3.0). 7 owners verified via Etherscan Owners tab + getThreshold() = 4. Owners: 0x58417F57...4B1f41504, 0x189D409b...FE9457607, 0x60F030d6...e2D95FB02, 0xaA1E4eef...A4B092f8e, 0x74a4C329...4C632173D, 0x020679fF...7c1beD241, 0x6A95a204...E85594f46.
Verified Jun 1, 2026· Etherscan address page — Smart Account by Safe label confirmed. Owners tab: 7 owners. getThreshold() = 4. - Holder Concentrationaddress exclusion95% confidence
SafeProxy source verified on Etherscan Contract tab — delegatecall to Gnosis singleton. Protocol-controlled multisig holding 40.82% of USDY supply.
Verified Jun 1, 2026· Etherscan Contract tab — source matches canonical Gnosis SafeProxy. - Holder Concentrationaddress exclusion95% confidence
SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 33.97% of USDY supply.
Verified Jun 1, 2026· Etherscan Contract tab — SafeProxy source verified. - Holder Concentrationaddress exclusion95% confidence
SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 12.09% of USDY supply.
Verified Jun 1, 2026· Etherscan Contract tab — SafeProxy source verified. - Holder Concentrationaddress exclusion95% confidence
SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 10.48% of USDY supply.
Verified Jun 1, 2026· Etherscan Contract tab — SafeProxy source verified. - Disclosure Qualityattestation source95% confidence
Attestation reports published by Ankura Trust (Verification Agent). Issuer has not published these reports at a public URL since the v1.0 methodology took effect.
Verified Jun 1, 2026· Ondo docs FAQ page inspected. Google Drive links confirmed private (access request required).
OCB — 03
Key facts
- Issuer
- Ondo Finance
- Asset class
- Tokenized U.S. Treasuries
- Collected chains
- Ethereum · Stellar · Solana · Arbitrum
- Catalogued, not collected
- Chain 1329 · Chain 5000
- Methodology
- v1.0
- Last scored
- Jul 7, 2026
- Rubric
- Verified Capital Trust Rating
Supply figure: Excludes SEI, Mantle — not yet collected
The interactive terminal shows every verified fact behind USDY's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.