{"id":439,"slug":"2026-10-26-tokenized-treasury-yields","day":"2026-10-26","project":"rwayield","title":"Tokenized RWA yields — 2026-10-26","headline":"Tokenized treasury and money-market products yield 0.00%–3.73% across $8.67B of tracked TVL.","bullets":["USDY — 3.73% APY, $2.27B (Ondo Finance)","USDY.sol — 3.73% APY, $180.1M (Ondo Finance)","OUSG — 3.46% APY, $319.4M (Ondo Finance)","TBILL — 3.45% APY, $21.1M (OpenEden)","USTB — 3.36% APY, $528.6M (Invesco)","USYC — 3.17% APY, $2.37B (Circle (formerly Hashnote))","Spread between highest and lowest: 3.73 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":3.73,"tvl_usd":2269338593,"ts":1792977852},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.73,"tvl_usd":180095986,"ts":1792977852},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.46,"tvl_usd":319376431,"ts":1792977852},{"symbol":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":3.4459,"tvl_usd":21137227,"ts":1792977852},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.3636,"tvl_usd":528577812,"ts":1792977852},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":3.1661,"tvl_usd":2373238765,"ts":1792977852},{"symbol":"BUIDL","name":"BlackRock USD Institutional Digital Liquidity Fund","issuer":"BlackRock / Securitize","yield_apy":0,"tvl_usd":2976047902,"ts":1792977852}],"total_tvl_usd":8667812716,"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, 2026-10-26:\n\nUSDY — 3.73% ($2.27B)\nUSDY.sol — 3.73% ($180.1M)\nOUSG — 3.46% ($319.4M)\nTBILL — 3.45% ($21.1M)\nUSTB — 3.36% ($528.6M)\n\n$8.67B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-10-26-tokenized-treasury-yields","created_ts":1792998001}