Ondo or Securitize — what is the difference between the two tokenization platforms?
USDY (Ondo Finance) yields ~3.75%, minimum ~$50 (secondary market), can be bought on a DEX without KYC. OUSG (Ondo Finance) yields ~3.5%, minimum $5,000. BUIDL (BlackRock / Securitize) yields ~3.84%, minimum $5M (institutional). ACRED (Apollo / Securitize) yields ~6.93% (target, variable), minimum qualified investors via Securitize.
Ondo Finance designs and issues its own products — USDY and OUSG for Treasuries, Ondo Global Markets for stocks. Securitize is a regulated platform that issues and administers tokens for other asset managers, such as BlackRock’s BUIDL and Apollo’s ACRED. The table compares their best-known tokens.
How this list is made: computed from the live TokenBank dataset each time the page is built — 4 matching rows, each linked to its own page and source.
Figures from our live dataset · data as of 2026-11-09 · this answer as JSON · not investment advice
| Token | Issuer | Yield / return | Minimum | KYC to buy | Chain |
|---|---|---|---|---|---|
| USDY Ondo US Dollar Yield | Ondo Finance | ~3.75% checked 9 Nov 2026 | ~$50 (secondary market) | No KYC on a DEX | Ethereum / Solana (+10) |
| OUSG Ondo Short-Term US Government Treasuries | Ondo Finance | ~3.5% checked 9 Nov 2026 | $5,000 | Not stated | Ethereum / Solana / Polygon |
| BUIDL BlackRock USD Institutional Digital Liquidity Fund | BlackRock / Securitize | ~3.84% checked 9 Nov 2026 | $5M (institutional) | Not stated | Ethereum (+8) |
| ACRED Apollo Diversified Credit Fund (tokenized) | Apollo / Securitize | ~6.93% (target, variable) checked 9 Nov 2026 | Qualified investors via Securitize | Not stated | Ethereum / Solana / Polygon (+) |
Side by side
| USDY | OUSG | BUIDL | ACRED | |
|---|---|---|---|---|
| Where the yield comes from | Short-term US Treasuries + bank deposits | Institutional treasury / money-market funds | US Treasuries / repos / cash | Diversified private credit portfolio |
| Risk (our label) | Very Low | Low | Low | Medium-High |
| Custody | Self-custody | Self-custody | Self-custody (whitelisted) | Whitelisted token via Securitize |
| Liquidity | 24/7 on DEXs; direct redemption with KYC | Instant, 24/7 | 24/7, instant redemption to USDC | Fund terms (periodic); some DeFi collateral use |
| KYC to mint with the issuer | KYC required | KYC required | KYC required | KYC required |
| KYC to buy on a market | No KYC | Not stated | Not stated | Not stated |
| KYC to redeem | Not stated | Not stated | Not stated | Not stated |
| Assets under management | $2.14B | $578M | $2.4B | ~$100M+ |
| Jurisdiction | USA (non-US persons only) | USA | BVI / US | USA (qualified investors) |
| How to buy | Buy on a DEX (Curve, Solana); direct mint requires KYC | Mint/redeem with Ondo (KYC) or buy on a DEX | Via Securitize (qualified purchasers) | Onboard with Securitize as a qualified investor |
More questions
Which one has the lowest minimum?
USDY (Ondo Finance), with minimum ~$50 (secondary market). The highest stated minimum here is BUIDL, with minimum $5M (institutional).
Which of them can I buy without KYC?
1 of 4 can be bought on a DEX without identity verification: USDY. For the rest, the source does not state the secondary-market gate.
Where does the yield come from?
USDY: Short-term US Treasuries + bank deposits. OUSG: Institutional treasury / money-market funds. BUIDL: US Treasuries / repos / cash. ACRED: Diversified private credit portfolio.
Which is the largest?
By size, BUIDL at $2.4B, followed by USDY at $2.1B and OUSG at $578M. Size is not safety, but a larger product usually means a deeper market to sell into.
How risky are they?
USDY: Very Low. OUSG: Low. BUIDL: Low. ACRED: Medium-High. The risk label is ours, in plain language, and is explained on each token page.
Are these yields fixed?
4 of 4 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked on 2026-11-09.