Skip to main content

​
Introduction

OUSG (Ondo Short-Term US Government Treasuries) provides liquid exposure primarily to short-term US Treasuries, as well as government-sponsored enterprise (GSE) securities, with 24/7 tokenized subscriptions and redemptions. Investing in US Treasury bills and GSE securities is an ultra low-risk investment option that delivers a stable return while offering deep liquidity. US Treasury bills are widely considered to be the lowest-risk and most liquid investment option available. These characteristics make them an attractive investment option for investors who are seeking safety, stability, and liquidity. The OUSG portfolio is invested in funds issued by leading asset managers such as BlackRock, Franklin Templeton, WisdomTree, Fidelity, and others, along with bank deposits and USDC for liquidity purposes. You can view an overview of the current portfolio here. The portfolio may, in the future, include other US Treasury funds and/or direct investments in US Treasuries. OUSG shares are tokenized and can be transferred 24/7. Key Features:
  • Instant, 24/7/365 Minting & Redemption. When you invest with USDC or PYUSD via our website, you will immediately receive OUSG tokens to the same wallet address from which you invested. You will also be able to redeem your OUSG tokens for USDC instantly as well. For security reasons and subject to the limitations of our service partners, the amount you can instantly mint or redeem in any given 24-hour time period will be limited to the amounts shown on our website (see here for more detail); over time, we will be actively working to increase these limits*.
  • Low Minimum Investment and Redemption Amounts. For instant transactions, the minimum amount is $5,000 for both investments and redemptions. For non-instant transactions, our minimum investment and redemption amounts remain at $100K and $50K, respectively.
  • Waived Management Fee. Our management fee for OUSG remains low at 0.15%. This fee has been waived until July 1, 2026.
*For amounts that exceed the daily instant-mint or instant-redeem limit, you can always submit ‘non-instant’ subscription and redemption requests by contacting us at support@ondo.finance. Any investor eligible to invest in any of our Qualified Access Funds (and who has completed onboarding) may invest in OUSG. OUSG tokens may be freely transferred between any investors that have already onboarded to our Qualified Access Funds.

​
How It Works

Say you want to make an instant investment of 100K USDC for OUSG. When you make the deposit, our smart contract automatically take two actions:
  1. First, it determines how many OUSG tokens you should receive. The number of OUSG tokens you receive is determined by converting the stablecoins you deposit to USD equivalents (1 USDC = $1.00 USD), and then dividing that amount by the current Net Asset Value (NAV) of the OUSG token. For example, if you deposited 100K USDC worth $100K USD and the NAV was $100/token, you would receive $100,000 / $100 = 1,000 OUSG.
  2. Second, it routes your deposited USDC to the Fund’s Coinbase account. Those funds are then used to purchase OUSG’s underlying holdings.
At the end of each Business Day, we update the Net Asset Value (NAV) of the Fund based upon the performance of the underlying investments, along with any accrued fees and/or expenses. The NAV per OUSG Token is then calculated by dividing the NAV of OUSG share class by the total number of OUSG tokens. We then update the OUSG Price Oracle onchain to reflect this updated NAV. When you request an instant redemption of your OUSG tokens, a similar process occurs in reverse. The number of USDC you receive in return for your OUSG is determined by multiplying the number of OUSG you redeem by the then-current NAV (giving a USD value), and then sending the equivalent number of USDC at a fixed value of $1.00 USD per USDC. For more detailed information about OUSG, please refer to the rest of these support docs, the fund’s legal docs, or reach out to us at support@ondo.finance