OUSG Ondo Short-Term U.S. Government Bond Fund Rank #108

Ondo Short-Term U.S. Government Bond Fund (OUSG) is a tokenized fund offered by Ondo Capital Management, a subsidiary of the decentralized finance firm Ondo Finance. The fund is designed to provide on-chain exposure to short-duration U.S. government debt, with the majority of its portfolio allocated to the iShares Short Treasury Bond ETF (NASDAQ: SHV) and a small reserve of USDC and USD maintained for liquidity. OUSG is part of Ondo's suite of tokenized funds developed alongside OSTB and OHYG, introduced as part of the Ondo V2 protocol announced in early 2023 after the company wound down its earlier Vaults and Liquidity-as-a-Service products. OUSG exists within the broader Real World Assets (RWA) category, bridging traditional U.S. Treasuries with blockchain-based infrastructure. It is available across the Ethereum, Polygon, and Solana ecosystems, allowing qualified investors who have completed KYC and AML screening to hold and transfer tokenized fund shares on-chain. Holders can use these tokens in smart contract-based financial arrangements, including lending and trading, while built-in transfer restrictions ensure the securities remain with verified participants. The fund is positioned as a stable-yield vehicle backed by securities held by major institutional investors.