{"id":369,"slug":"2026-10-12-tokenized-treasury-yields","day":"2026-10-12","project":"rwayield","title":"Tokenized RWA yields — 2026-10-12","headline":"Tokenized treasury and money-market products yield 3.12%–3.66% across $8.73B of tracked TVL.","bullets":["USDY — 3.66% APY, $2.22B (Ondo Finance)","USDY.sol — 3.66% APY, $179.8M (Ondo Finance)","BUIDL — 3.64% APY, $3.01B (BlackRock / Securitize)","TBILL — 3.42% APY, $20.8M (OpenEden)","OUSG — 3.37% APY, $319.4M (Ondo Finance)","USTB — 3.33% APY, $599.2M (Invesco)","Spread between highest and lowest: 0.54 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":3.66,"tvl_usd":2218232725,"ts":1791787459},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.66,"tvl_usd":179841679,"ts":1791787459},{"symbol":"BUIDL","name":"BlackRock USD Institutional Digital Liquidity Fund","issuer":"BlackRock / Securitize","yield_apy":3.6408,"tvl_usd":3011800875,"ts":1791787459},{"symbol":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":3.4161,"tvl_usd":20798925,"ts":1791787459},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.37,"tvl_usd":319400451,"ts":1791787459},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.3343,"tvl_usd":599243461,"ts":1791787459},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":3.1229,"tvl_usd":2383593871,"ts":1791787459}],"total_tvl_usd":8732911987,"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, 2026-10-12:\n\nUSDY — 3.66% ($2.22B)\nUSDY.sol — 3.66% ($179.8M)\nBUIDL — 3.64% ($3.01B)\nTBILL — 3.42% ($20.8M)\nOUSG — 3.37% ($319.4M)\n\n$8.73B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-10-12-tokenized-treasury-yields","created_ts":1791788402}