{"id":334,"slug":"2026-10-05-tokenized-treasury-yields","day":"2026-10-05","project":"rwayield","title":"Tokenized RWA yields — 2026-10-05","headline":"Tokenized treasury and money-market products yield 3.07%–3.64% across $8.74B of tracked TVL.","bullets":["BUIDL — 3.64% APY, $3.05B (BlackRock / Securitize)","USDY — 3.62% APY, $2.20B (Ondo Finance)","USDY.sol — 3.62% APY, $179.7M (Ondo Finance)","USTB — 3.32% APY, $555.7M (Invesco)","OUSG — 3.29% APY, $321.2M (Ondo Finance)","TBILL — 3.10% APY, $20.8M (OpenEden)","Spread between highest and lowest: 0.57 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":3.6427,"tvl_usd":3050865531,"ts":1791181343},{"symbol":"USDY","name":"Ondo US Dollar Yield","issuer":"Ondo Finance","yield_apy":3.62,"tvl_usd":2202263847,"ts":1791181343},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.62,"tvl_usd":179714543,"ts":1791181343},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.3192,"tvl_usd":555690660,"ts":1791181343},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.29,"tvl_usd":321225753,"ts":1791181343},{"symbol":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":3.0965,"tvl_usd":20757962,"ts":1791181343},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":3.07,"tvl_usd":2404574985,"ts":1791181343}],"total_tvl_usd":8735093281,"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, 2026-10-05:\n\nBUIDL — 3.64% ($3.05B)\nUSDY — 3.62% ($2.20B)\nUSDY.sol — 3.62% ($179.7M)\nUSTB — 3.32% ($555.7M)\nOUSG — 3.29% ($321.2M)\n\n$8.74B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-10-05-tokenized-treasury-yields","created_ts":1791183602}