# How to Access Tokenised US Treasuries On-Chain (2026)

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**Publisher:** Decentralized Finance Publication
**Difficulty:** Intermediate · **Read time:** 10 min read

## Summary

Tokenised Treasuries are on-chain tokens backed by US Government bonds or money market funds. Ondo (USDY, OUSG) and BlackRock BUIDL are leading products. Access depends on jurisdiction and investor qualification — some products require accredited investor status. Once held, tokens can earn Treasury yield and may be used as DeFi collateral (OUSG on Aave). Always verify eligibility on the issuer's website.

## What tokenised Treasuries are

Tokenised Treasuries wrap traditional US Treasury or money market fund exposure in blockchain tokens. Holders earn yield from underlying bond coupons rather than crypto trading strategies. Unlike USDC (a payment stablecoin), Treasury tokens explicitly target yield from government debt.

The RWA tokenisation market exceeded $20 billion on-chain by 2026, driven by institutional issuers (BlackRock, Franklin Templeton) and DeFi-native platforms (Ondo, Superstate, Maple).

## Leading products compared

## Step-by-step: Accessing Ondo products

### Step 1: Check eligibility

Visit ondo.finance and review product availability for your jurisdiction. OUSG typically requires qualified purchaser status; USDY has broader availability in supported regions.

### Step 2: Complete verification

Complete KYC/AML verification as required by the issuer. This is mandatory for regulated RWA products — unlike permissionless DeFi protocols.

### Step 3: Fund and mint

Transfer USDC or wire USD (depending on product) and receive OUSG or USDY tokens in your wallet. Tokens begin accruing yield automatically.

### Step 4: Use in DeFi (if eligible)

OUSG holders may supply to Aave as collateral where supported. USDY can be deposited in lending markets. Check current integrations — they expand as RWA adoption grows.
## FAQ

**Q: Are tokenised Treasuries the same as stablecoins?**

No — stablecoins like USDC target a $1 peg for payments. Treasury tokens target yield from underlying bonds and may fluctuate slightly in value as yield accrues.

**Q: Can anyone buy OUSG?**

OUSG is typically limited to qualified purchasers (accredited investors in the US). USDY has broader availability depending on jurisdiction. Check ondo.finance for current eligibility.

**Q: Ondo vs BlackRock BUIDL?**

BUIDL has larger institutional AUM; Ondo has stronger DeFi-native integration and composability with protocols like Aave.

**Q: What is the yield on tokenised Treasuries?**

Yield tracks underlying US Treasury rates — typically 4–5% in 2026 depending on the Fed funds rate and product structure, minus issuer fees.

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