{"id":464,"slug":"2026-10-31-tokenized-treasury-yields","day":"2026-10-31","project":"rwayield","title":"Tokenized RWA yields — 2026-10-31","headline":"Tokenized treasury and money-market products yield 3.40%–3.88% across $8.42B of tracked TVL.","bullets":["TBILL — 3.88% APY, $21.9M (OpenEden)","OUSG — 3.85% APY, $315.1M (Ondo Finance)","BUIDL — 3.85% APY, $2.82B (BlackRock / Securitize)","USDY — 3.75% APY, $2.30B (Ondo Finance)","USDY.sol — 3.75% APY, $180.2M (Ondo Finance)","USTB — 3.60% APY, $436.8M (Invesco)","Spread between highest and lowest: 0.48 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":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":3.8776,"tvl_usd":21943605,"ts":1793409873},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.85,"tvl_usd":315099979,"ts":1793409873},{"symbol":"BUIDL","name":"BlackRock USD Institutional Digital Liquidity Fund","issuer":"BlackRock / Securitize","yield_apy":3.8473,"tvl_usd":2818284415,"ts":1793409873},{"symbol":"USDY","name":"Ondo US Dollar Yield","issuer":"Ondo Finance","yield_apy":3.75,"tvl_usd":2296842547,"ts":1793409873},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.75,"tvl_usd":180185837,"ts":1793409873},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.6037,"tvl_usd":436754320,"ts":1793409873},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":3.4012,"tvl_usd":2353394894,"ts":1793409873}],"total_tvl_usd":8422505597,"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, 2026-10-31:\n\nTBILL — 3.88% ($21.9M)\nOUSG — 3.85% ($315.1M)\nBUIDL — 3.85% ($2.82B)\nUSDY — 3.75% ($2.30B)\nUSDY.sol — 3.75% ($180.2M)\n\n$8.42B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-10-31-tokenized-treasury-yields","created_ts":1793430001}