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Security Token Market

Ondo US Dollar Yield Token

USDY

Ondo US Dollar Yield logo

The Raise Total

$0

Price Per Token

-

Raise Start

June 11, 2024

Minimum Investment

-

https://ondo.finance/usdy

USDY is a tokenized note secured by short-term US Treasuries and bank demand deposits. USDY is accessible to non-US individual and institutional investors and is transferable onchain 40-50 days after purchase.
Financial Services Trading Other International Non-US

Terms

Fundraise Information

Total Raise -
Soft Cap -
Raise Status Closed
Minimum Investment -
Accepted Investors International Non-US
Exemptions RegS
Instrument Secured Note
Token Issuance Info USDY is issued and transferable onchain 40-50 days after purchase, in the meantime you will receive Token Certificates.

Token Information

Price Per (USDY) -
Token Issuance Platform Ondo Finance
Blockchains Available On Ethereum
Security Type Other
Asset Class Debt
Payment Options USD

Token Rights

USDY offers a variable interest rate adjusted monthly in advance by Ondo. The yield automatically compounds meaning the value in USD at which USDY can be minted and redeemed slowly increases each day.

About

Overview

USDY (US Dollar Yield Token) is a tokenized note secured by short-term US Treasuries and bank demand deposits. USDY is accessible to non-US individual and institutional investors and is designed to combine the accessibility of a stablecoin with high-quality, US dollar-denominated yield.

Redemption for Token Certificates (i.e. prior to your token issuance) is only available for amounts greater than $100,000; for amounts less than this you will need to wait until your Tokens are minted.

Furthermore, Ondo can only redeem to USD via bank wire to non-US bank accounts.

Highlights

Minimum Redemption: $100,000 for Token Certificates, Less if redeeming USDY
Investor Eligibility: Non-US Individuals & Organizations
Liquidity: Daily Subscriptions & Redemptions

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Parties Involved
Ondo USDY LLC: Issuer - a Bankruptcy-remote, wholly-owned subsidiary of Ondo Finance, Inc.
Ondo Finance, Inc: Servicer
Ankura Trust Company: Verification Agent and Collateral Agent
Morgan Stanley and StoneX: Cash Custodians