{"id":489,"slug":"2026-11-05-tokenized-treasury-yields","day":"2026-11-05","project":"rwayield","title":"Tokenized RWA yields — 2026-11-05","headline":"Tokenized treasury and money-market products yield 3.44%–3.84% across $8.09B of tracked TVL.","bullets":["BUIDL — 3.84% APY, $2.69B (BlackRock / Securitize)","USTB — 3.83% APY, $428.5M (Invesco)","USDY — 3.75% APY, $2.25B (Ondo Finance)","USDY.sol — 3.75% APY, $142.9M (Ondo Finance)","OUSG — 3.73% APY, $317.0M (Ondo Finance)","TBILL — 3.72% APY, $20.0M (OpenEden)","Spread between highest and lowest: 0.4 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":3.8397,"tvl_usd":2693302986,"ts":1793844998},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.8285,"tvl_usd":428537940,"ts":1793844998},{"symbol":"USDY","name":"Ondo US Dollar Yield","issuer":"Ondo Finance","yield_apy":3.75,"tvl_usd":2251164842,"ts":1793844998},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.75,"tvl_usd":142851774,"ts":1793844998},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.73,"tvl_usd":316963679,"ts":1793844998},{"symbol":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":3.7175,"tvl_usd":20002981,"ts":1793844998},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":3.4431,"tvl_usd":2240488912,"ts":1793844998}],"total_tvl_usd":8093313114,"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, 2026-11-05:\n\nBUIDL — 3.84% ($2.69B)\nUSTB — 3.83% ($428.5M)\nUSDY — 3.75% ($2.25B)\nUSDY.sol — 3.75% ($142.9M)\nOUSG — 3.73% ($317.0M)\n\n$8.09B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-11-05-tokenized-treasury-yields","created_ts":1793862002}