A standing dispatch on
Earn on US Treasury bills without leaving the chain. Tokens like USDY, USYC, OUSG and BUIDL are backed 1:1 by short-term Treasuries — yield comes from the underlying paper, not lending or LP.
Best reward rate today
3.57%
Tracked NAVs
2
Capital
$8.7 B
Operators
7
Senior or junior claims on off-chain credit funds — Janus Henderson Anemoy Treasury & CLO funds, Arkonix structured products, Anemoy diversified credit. Yield accrues as the share price drifts upward (no separate APY field).
Janus Henderson Treasury Fund
$1.1087
per share
$890 M
Janus Henderson AAA CLO Fund
$1.0402
per share
$680 M
Anemoy Tokenized Apollo Diversified Credit Fund Token
$1.0201
per share
$43 M
JAAA deRWA
$1.0387
per share
$8.1 M
JTRSY deRWA
$1.03
per share
$5.2 M
Janus Henderson S&P500® Fund
$1.1182
per share
$3.3 M
SPXA deRWA
$750.7032
per share
$3.2 M
NYLIM US High Yield Bond Fund
$1.0026
per share
$100 K
ACRDX deRWA
$0.999
per share
$100 K
L'Investisseur Musulman
$1.2468
per share
$27 K
Yield is encoded in share-price drift over time, not in a published APR. Tranches with non-zero on-chain issuance only.
RWA = Real World Assets. The most popular form in 2026 is tokenized US Treasury bills: an issuer (Ondo, BlackRock, Hashnote) holds T-bills off-chain and mints a token on-chain that's backed 1:1. Yield comes from the T-bills themselves — currently 4–5% APY in USD — paid as either rebasing supply (USDY) or NAV appreciation (USYC, OUSG).
Refreshed hourly · pre-fee · check each pool for risk notes
