{"id":16,"slug":"2026-07-27-tokenized-treasury-yields","day":"2026-07-27","project":"rwayield","title":"Tokenized RWA yields — 2026-07-27","headline":"Tokenized treasury and money-market products yield 2.94%–3.55% across $9.95B of tracked TVL.","bullets":["USDY — 3.55% APY, $2.16B (Ondo Finance)","USDY.sol — 3.55% APY, $181.7M (Ondo Finance)","BUIDL — 3.44% APY, $3.44B (BlackRock / Securitize)","USTB — 3.22% APY, $725.9M (Invesco)","OUSG — 3.21% APY, $409.0M (Ondo Finance)","TBILL — 3.15% APY, $24.8M (OpenEden)","Spread between highest and lowest: 0.61 percentage points.","Coverage: 7 of 13 tracked products meet issuer-level verification — a verified subset, not the full tokenized-treasury market.","Excluded (6): BENJI, USTB.superstate, USDM.mountain, syrupUSDC, bIB01, USDL — each lacks an issuer-level yield source; the specific reason for each is in the JSON.","Only issuer-level sources are used; ticker-matched look-alikes are excluded."],"sample_n":7,"payload":{"products":[{"symbol":"USDY","name":"Ondo US Dollar Yield","issuer":"Ondo Finance","yield_apy":3.55,"tvl_usd":2160225404,"ts":1785133842},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.55,"tvl_usd":181678676,"ts":1785133842},{"symbol":"BUIDL","name":"BlackRock USD Institutional Digital Liquidity Fund","issuer":"BlackRock / Securitize","yield_apy":3.4406,"tvl_usd":3442728972,"ts":1785133842},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.2218,"tvl_usd":725912206,"ts":1785133842},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.21,"tvl_usd":408971302,"ts":1785133842},{"symbol":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":3.1474,"tvl_usd":24825477,"ts":1785133842},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":2.9423,"tvl_usd":3004605025,"ts":1785133842}],"total_tvl_usd":9948947062,"excluded":[{"symbol":"BENJI","issuer":"Franklin Templeton","reason":"No issuer-level DefiLlama yields entry; only small DEX pairs (WETH-BENJI), which are not the fund itself."},{"symbol":"USTB.superstate","issuer":"Superstate","reason":"DefiLlama attributes the USTB ticker to project 'invesco-ustb'. Superstate mapping unconfirmed - do NOT merge with Invesco."},{"symbol":"USDM.mountain","issuer":"Mountain Protocol","reason":"Severe ticker collision: USDM is used by Mento (Celo/Monad), Moneta (Cardano), MegaETH and others. No safe issuer-level match."},{"symbol":"syrupUSDC","issuer":"Maple Finance","reason":"Project slug 'maple' exists but all syrupUSDC symbol matches are third-party lending/DEX venues (aave, morpho, kamino, jupiter), not the issuer pool. Needs targeted probe."},{"symbol":"bIB01","issuer":"Backed Finance","reason":"Zero DefiLlama yields coverage for bIB01."},{"symbol":"USDL","issuer":"Paxos","reason":"Only unrelated DEX pairs matched the USDL ticker; no issuer-level entry."}]},"x_text":"Tokenized RWA yields, 2026-07-27:\n\nUSDY — 3.55% ($2.16B)\nUSDY.sol — 3.55% ($181.7M)\nBUIDL — 3.44% ($3.44B)\nUSTB — 3.22% ($725.9M)\nOUSG — 3.21% ($409.0M)\n\n$9.95B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-07-27-tokenized-treasury-yields","created_ts":1785135601}