Ondo Short-Term U.S. Government Bond Fund
Tokenized share of an actively-managed short-term U.S. Treasury fund.
Deployments
Supply scope: Ethereum only
0x1B19C19393e2d034D8Ff31ff34c81252FcBbee92
0xbA11C5effA33c4D6F8f593CFA394241CfE925811
rHuiXXjHLpMP8ZE9sSQU5aADQVWDwv6h5p:4F55534700000000000000000000000000000000
i7u4r16TcsJTgq1kAG8opmVZyVnAKBwLKu6ZPMwzxNc
Note: Mantle and XRPL deployments are known but not yet catalogued in this registry.
OUSG across four dimensions
Signal readings
- Yield-claim delta
- 22 bps
- Attestation age
- 2 d
- Attestations / 180d
- 305
- Outstanding supply
- $213.01M
- Liquidity / supply
- 0.000%
- Top-10 holder pct
- 96.1%
- Custody verification
- full independent surface
Custody & backing fields are descriptive — published, not scored
OUSG supply over time
Supply scope: Ethereum only
OUSG · Ondo Finance
Outstanding supply (USD)
OUSG outstanding supply is $154.05M as of Aug 26, 2026. -5.6% over the prior 30 days. (Ethereum only.)
OUSG trust rating since coverage began
Score history not yet available.
The chart will appear once 7 more daily readings have been collected (7 of 14 so far).
What closes the gap — and who closes it
OUSG redeems through Ondo authorized channels, not DEX trading. The Liquidity rubric (DEX depth vs supply) does not apply cleanly to this instrument type.
What would close it
A liquidity rubric tailored to authorized-redemption funds — depth of authorized off-chain redemption channels rather than DEX depth.
- ·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.
Score impact: governance sub-signal: 10/10 (multisig ≥3-of-n). upgrade_pattern uups: 3/15. Total governance: 13/25.
- ·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.
Score impact: attestationFreshness: LIVE. disclosure_consistency → 25/25 (≥6 reports in 180d).
- ·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.
Score impact: Excluded from top-10 concentration calc.
Gnosis SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 16.37% of OUSG supply.
Score impact: Excluded from top-10 concentration calc.
GnosisSafeProxyFactory contract — source verified on Etherscan Contract tab. Infrastructure contract; not a holder in any economic sense.
Score impact: Excluded from top-10 concentration calc.
Gnosis SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 7.07% of OUSG supply.
Score impact: Excluded from top-10 concentration calc.
- ·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.
Score impact: Kept in concentration calc. 19% real institutional concentration is accurate and should be reflected in the score. Post-exclusion top-10 ≈ 19% → 25/25.
OUSG is scored across the same four dimensions as every other rated instrument in its class — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.
Read the full methodology →