The Liquidity Advantage: How OUSG Provides Robust, Multi-Venue Instant Liquidity
Bringing real-world assets onchain demands institutional-grade infrastructure—and our tokenized US Treasuries fund, OUSG, exemplifies our commitment to delivering it.
The launch of BlackRock and Securitize’s BlackRock USD Institutional Digital Liquidity Fund (BUIDL) in March 2024 introduced a meaningful step forward for tokenized Treasuries, particularly through its integration with Circle to enable instant redemptions to USDC.
Ondo Finance was proud to be the first to integrate BUIDL into our own infrastructure—migrating a portion of OUSG’s backing into the fund. Over time, we have diversified OUSG’s holdings into multiple sources of collateral—each with its own liquidity pathway—which proved useful recently when Circle’s facility faltered.
Supporting Redundancy in Instant Liquidity
On March 27, 2025, Circle’s instant BUIDL redemption facility—typically provisioned with up to 20 million USDC—experienced a 23-hour period of limited availability. While non-instant redemptions remained accessible, this window underscored the value of diversified instant liquidity mechanisms.
OUSG is designed with built-in redundancy to address exactly these kinds of scenarios. When our systems detected instant liquidity constraints via primary channels, an additional onchain liquidity facility was activated to ensure instant OUSG redemptions continued without disruption.
Two OUSG holders utilized this facility to access liquidity instantly—demonstrating OUSG’s market-leading liquidity profile:
Expanding the Liquidity Network with Ondo Nexus
But this is just the start. We’re always working to further diversify the liquidity backbone of our tokenized US Treasuries products, aiming to build up to hundreds of millions in stablecoin redemption liquidity.
Through Ondo Nexus, OUSG will soon gain access to an additional instant redemption facility—this time via PayPal USD (PYUSD), providing OUSG holders with up to 25 million PYUSD daily in additional instant redemption liquidity.
This enhancement is part of a broader strategy to create the most robust liquidity network in the tokenized asset space.
“The ability for OUSG holders to access multiple sources of instant redemption liquidity highlights the benefits of composable financial infrastructure,” said Lee Zasadowski, Head of Investment Operations at Ondo Finance. “By designing systems with multiple layers of redundancy, we’re able to deliver a level of reliability that’s difficult to achieve in traditional finance.”
We’re proud to build on innovations from Circle, BlackRock, and others—and we’re equally committed to strengthening the systems that sit atop them. As tokenized finance continues to evolve, Ondo will remain focused on delivering robust, real-time liquidity experiences that go beyond what traditional markets can offer.