{"slug":"tokenized-treasuries-without-kyc","question":"Can I buy tokenized Treasuries without KYC, straight from my own wallet on a DEX?","answer":"Yes, 9 do: USDY (~3.69%), mTBILL (~3.42% (tracks T-bills)), bZPR1, bCSBGC3, bERNA, bERNX, bC3M, bHIGH, bIBTA.","shortAnswer":"Yes, 9 do: USDY (~3.69%), mTBILL (~3.42% (tracks T-bills)), bZPR1, bCSBGC3, bERNA, bERNX, bC3M, bHIGH, bIBTA. Each can be bought on a DEX without identity verification; minting or redeeming directly with the issuer may still require KYC.","asOf":"2026-10-18","faq":[{"q":"Which one has the lowest minimum?","a":"mTBILL (Midas), with no minimum. The highest stated minimum here is USDY, with minimum ~$50 (secondary market)."},{"q":"Where does the yield come from?","a":"USDY: Short-term US Treasuries + bank deposits. mTBILL: Short-term US Treasuries (via BlackRock ETF structures). bZPR1: ZPR1.DE price performance. bCSBGC3: CSBGC3.SW price performance. bERNA: ERNA.L price performance. bERNX: ERNX.DE price performance. bC3M: C3M.MI price performance. bHIGH: HIGH.L price performance. bIBTA: IBTA.L price performance."},{"q":"Are these yields fixed?","a":"9 of 9 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked on 2026-10-18."}],"count":9,"rows":[{"ticker":"USDY","name":"Ondo US Dollar Yield","issuer":"Ondo Finance","category":"Tokenized Treasuries","yield":"~3.69%","yieldPct":3.69,"yieldKind":"variable","minimumUsd":50,"size":"$2.14B","chains":"Ethereum / Solana (+10)","country":"USA (non-US persons only)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://app.rwa.xyz/assets/USDY","lastVerified":"2026-10-18","tier":"curated","page":"https://tokenbank.world/token/USDY","json":"https://tokenbank.world/api/tokens/USDY"},{"ticker":"mTBILL","name":"Midas mTBILL","issuer":"Midas","category":"Tokenized Treasuries","yield":"~3.42% (tracks T-bills)","yieldPct":3.42,"yieldKind":"variable","minimumUsd":0,"size":"Growing (smaller issuer)","chains":"Ethereum (+L2s, Algorand)","country":"Liechtenstein (EU passport)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://docs.midas.app/tokens/mtbill","lastVerified":"2026-10-18","tier":"curated","page":"https://tokenbank.world/token/mTBILL","json":"https://tokenbank.world/api/tokens/mTBILL"},{"ticker":"bZPR1","name":"Backed $ ZPR1 1-3 Month T-Bill","issuer":"Backed Finance","category":"Tokenized Treasuries","yield":"Yield accrues into the token price","yieldPct":null,"yieldKind":"variable","minimumUsd":null,"size":null,"chains":"Ethereum / Base (+6)","country":"Switzerland (non-US)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":"CH1173294310","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/bZPR1","json":"https://tokenbank.world/api/tokens/bZPR1"},{"ticker":"bCSBGC3","name":"Backed CSBGC3 CHF Swiss Domestic Government Bond 0-3yr","issuer":"Backed Finance","category":"Tokenized Treasuries","yield":"Yield accrues into the token price","yieldPct":null,"yieldKind":"variable","minimumUsd":null,"size":null,"chains":"Ethereum / Base (+5)","country":"Switzerland (non-US)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":"CH1173294328","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/bCSBGC3","json":"https://tokenbank.world/api/tokens/bCSBGC3"},{"ticker":"bERNA","name":"Backed ERNA $ Ultrashort Bond","issuer":"Backed Finance","category":"Tokenized Treasuries","yield":"Yield accrues into the token price","yieldPct":null,"yieldKind":"variable","minimumUsd":null,"size":null,"chains":"Ethereum / Base (+6)","country":"Switzerland (non-US)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":"CH1173294294","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/bERNA","json":"https://tokenbank.world/api/tokens/bERNA"},{"ticker":"bERNX","name":"Backed ERNX € Ultrashort Bond","issuer":"Backed Finance","category":"Tokenized Treasuries","yield":"Yield accrues into the token price","yieldPct":null,"yieldKind":"variable","minimumUsd":null,"size":null,"chains":"Ethereum / Base (+6)","country":"Switzerland (non-US)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":"CH1173294302","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/bERNX","json":"https://tokenbank.world/api/tokens/bERNX"},{"ticker":"bC3M","name":"Backed GOVIES 0-6 months EURO investment grade","issuer":"Backed Finance","category":"Tokenized Treasuries","yield":"Yield accrues into the token price","yieldPct":null,"yieldKind":"variable","minimumUsd":null,"size":null,"chains":"Ethereum / Base (+6)","country":"Switzerland (non-US)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":"CH1173294286","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/bC3M","json":"https://tokenbank.world/api/tokens/bC3M"},{"ticker":"bHIGH","name":"Backed HIGH € High Yield Corp Bond","issuer":"Backed Finance","category":"Tokenized Treasuries","yield":"Yield accrues into the token price","yieldPct":null,"yieldKind":"variable","minimumUsd":null,"size":null,"chains":"Ethereum / Base (+6)","country":"Switzerland (non-US)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":"CH1173294278","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/bHIGH","json":"https://tokenbank.world/api/tokens/bHIGH"},{"ticker":"bIBTA","name":"Backed IBTA $ Treasury Bond 1-3yr","issuer":"Backed Finance","category":"Tokenized Treasuries","yield":"Yield accrues into the token price","yieldPct":null,"yieldKind":"variable","minimumUsd":null,"size":null,"chains":"Ethereum / Base (+6)","country":"Switzerland (non-US)","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":"CH1173294229","contract":null,"source":"https://api.backed.fi/api/v1/token","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/bIBTA","json":"https://tokenbank.world/api/tokens/bIBTA"}],"programs":[],"underlyings":[],"sources":[],"_links":{"page":"https://tokenbank.world/answers/tokenized-treasuries-without-kyc","index":"https://tokenbank.world/api/v1/answers"},"_citation":"TokenBank, “Can I buy tokenized Treasuries without KYC, straight from my own wallet on a DEX?”, https://tokenbank.world/answers/tokenized-treasuries-without-kyc (data as of 2026-10-18), CC BY 4.0.","_license":"CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/","_disclaimer":"Computed from sourced data; yields are variable and not guaranteed. Not investment advice. Verify each row’s source before relying on it."}