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Issuer Profile·United States

Ondo Finance

Ondo Finance issues tokenized U.S. Treasury and yield-bearing instruments, including USDY and OUSG, for institutional and retail holders.

ondo.finance ↗
Aggregate quality score
62.3/ 100
Weighted by outstanding supply
Tracked capital$2.54B
Instruments2
OCB — 01·Coverage
$2.54B total tracked capital

2 instruments under coverage

Instruments under this issuer, by trust score.
InstrumentClassScoreTierSupply (USD)Trace
OUSGTreasury64DEVELOPING$319.40M
USDYTreasury62DEVELOPING$2.22B
OCB — 02·Score history
87 readings

Ondo Finance — aggregate quality score, 90 days

Ondo Finance — Aggregate Quality Score

Weighted-average composite score (0–100)

Fig 1

Ondo Finance aggregate quality score is 62.3 as of Oct 10, 2026, weighted by outstanding supply across 2 rated instruments.

ONCHAIN
BENCHMARK
QUALITY SCORE 0–100 DATE 0 30 60 90 100 Jul 26 Jul 26 Aug 26 Aug 26 Aug 26 Sep 26 Sep 26 Sep 26 Oct 26 64
Source: OCB Quality Ratings · Ondo Finance · onchainbenchmark.comUpdated daily
OCB — 03·Issuer metadata

Regulatory standing and governance

Jurisdiction
United States
Regulatory status
No supervising regulator identified for the issuer
Filings & affiliates
FinCEN (US): Money services business registration, an anti-money-laundering registration, not a license · Ondo USDY LLC Register ↗
Legal structure
LLC
Change control
multi-signer
Homepage
https://ondo.finance ↗
Financial auditor
Not publicly disclosed
Methodology

Each instrument under Ondo Finance is scored independently across four dimensions — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration — contributing up to 25 points each. The aggregate score shown here is weighted by outstanding supply across 2 rated instruments.

Read the full methodology →
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