{"id":294,"slug":"2026-09-27-tokenized-treasury-yields","day":"2026-09-27","project":"rwayield","title":"Tokenized RWA yields — 2026-09-27","headline":"Tokenized treasury and money-market products yield 2.97%–3.65% across $8.74B of tracked TVL.","bullets":["BUIDL — 3.65% APY, $3.08B (BlackRock / Securitize)","USDY — 3.59% APY, $2.19B (Ondo Finance)","USDY.sol — 3.59% APY, $180.4M (Ondo Finance)","USTB — 3.43% APY, $542.7M (Invesco)","OUSG — 3.38% APY, $319.8M (Ondo Finance)","USYC — 3.14% APY, $2.40B (Circle (formerly Hashnote))","Spread between highest and lowest: 0.69 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":"BUIDL","name":"BlackRock USD Institutional Digital Liquidity Fund","issuer":"BlackRock / Securitize","yield_apy":3.6518,"tvl_usd":3078783765,"ts":1790490115},{"symbol":"USDY","name":"Ondo US Dollar Yield","issuer":"Ondo Finance","yield_apy":3.59,"tvl_usd":2193271686,"ts":1790490115},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.59,"tvl_usd":180425045,"ts":1790490115},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.4321,"tvl_usd":542684271,"ts":1790490115},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.38,"tvl_usd":319820508,"ts":1790490115},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":3.1382,"tvl_usd":2403181351,"ts":1790490115},{"symbol":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":2.9655,"tvl_usd":20863221,"ts":1790490115}],"total_tvl_usd":8739029847,"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, 2026-09-27:\n\nBUIDL — 3.65% ($3.08B)\nUSDY — 3.59% ($2.19B)\nUSDY.sol — 3.59% ($180.4M)\nUSTB — 3.43% ($542.7M)\nOUSG — 3.38% ($319.8M)\n\n$8.74B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-09-27-tokenized-treasury-yields","created_ts":1790492401}