BUIDL vs OUSG

Yes. Both are treasuries. RWA Leads does not publish a comparison across asset classes.

BlackRock USD Institutional Digital Liquidity Fund: BlackRock USD Institutional Digital Liquidity Fund Ltd.. Ondo Short-Term US Government Treasuries: Ondo I LP.

BUIDL fees: The Securitize BUIDL page lists a management fee on each chain in its share-class table, all with a $5 million minimum: Aptos 20 bps, Arbitrum 50 bps, Avalanche 20 bps, BNB Smart Chain 18 bps, Ethereum 50 bps, Optimism 50 bps, Polygon 20 bps, and Solana 20 bps. The page does not publish one fee that applies on every chain.. OUSG fees: Management fee 0.15%, waived until 1 Jan 2027. Instant mints and redemptions are capped per 24 hours at the amounts shown on Ondo's site. This card does not copy that live cap.. BUIDL redemption: Securitize is the transfer agent. The launch announcement says investors can transfer tokens to other pre-approved investors. The BUIDL page says a redemption request received in good order between 8:00 AM and 3:00 PM ET on the redemption date is for same-day settlement, and a request that misses that recording deadline is redeemed on the next redemption date. The page says BUIDL can be converted into USD every business day.. OUSG redemption: Instant mint and redemption with USDC or PYUSD, 24/7, into the same wallet, within the daily instant limit. Amounts above the limit can be submitted as non-instant requests to support@ondo.finance. Non-instant minimums are $100,000 to invest and $50,000 to redeem..

The slugs in alphabetical order: /compare/buidl-vs-ousg. The other order is a permanent redirect.

BlackRock USD Institutional Digital Liquidity Fund: Subscribe through Securitize at https://securitize.io/blackrock/buidl. The page says the investor verifies their identity, completes subscription documents, and sends funds by 11:00 a.m. New York time or 5:00 p.m. Luxembourg time on the subscription deadline so the money is deployed on the first day of the next month. The launch announcement says the interests will not be listed on any exchange. Securitize also offers a meeting with its investment team at https://securitize.io/buidl-booking-page. The BUIDL page says token transfers are allowed only to whitelisted investors who have passed KYC and AML. Securitize says it collects identity information under securities rules and the USA PATRIOT Act. Ondo Short-Term US Government Treasuries: An onboarded eligible investor mints on the Ondo website with USDC or PYUSD and receives OUSG at the same wallet. The overview says instant mints and redemptions are capped each 24 hours at amounts shown on Ondo's site. This page does not copy that live cap. An amount above the cap can be sent as a non-instant request to support@ondo.finance. The trust page says the general partner administers customer due diligence for anti-money laundering, counter-terrorist financing, and sanctions. Purchasers must be verified accredited investors and qualified purchasers.

BlackRock USD Institutional Digital Liquidity Fund is issued from British Virgin Islands. Regulator, as published: Offered under Rule 506(c) of the Securities Act of 1933 and Section 3(c)(7) of the Investment Company Act. The launch announcement says interests are not SEC-registered. BlackRock Financial Management, Inc., a Delaware corporation and SEC-registered investment adviser, is the investment manager. The launch announcement offers BUIDL under Rule 506(c) of the Securities Act and Section 3(c)(7) of the Investment Company Act, and says the interests are not SEC-registered. They may not be offered or sold in the United States without registration or an exemption. The exemption in use limits the offering to verified accredited investors who are qualified purchasers. The Securitize page's eligibility table names qualified purchasers. Transfers go only to whitelisted investors. The pages do not publish a country list beyond that US securities restriction. Ondo Short-Term US Government Treasuries is issued from Delaware (general partner Ondo I GP LLC and investment manager Ondo Capital Management LLC). Regulator, as published: Private fund under Section 3(c)(7) of the Investment Company Act. Offered under Rule 506(c) of Regulation D. Ondo says purchasers must be verified accredited investors and qualified purchasers, and must pass customer due diligence run by the general partner. The trust page says OUSG is a private fund under Section 3(c)(7), so it is only for qualified purchasers, and that it is offered under Rule 506(c), so a buyer must be a verified accredited investor. The buyer must also pass customer due diligence run by the general partner. Tokens may be transferred only to investors who have already onboarded to Ondo's qualified-access funds. The pages do not add a country list on top of those tests.

BlackRock USD Institutional Digital Liquidity Fund: The issuer does not publish a redemption minimum for BlackRock USD Institutional Digital Liquidity Fund. The BUIDL page says the token can be converted into USD every business day. It does not name the paying bank's city. Bank of New York Mellon is the custodian of the fund's assets on the launch announcement, which is custody of the portfolio, not a delivery address for the holder. The share-class table on the Securitize BUIDL page lists these management fees, each with a $5 million minimum: Aptos 20 bps, Arbitrum 50 bps, Avalanche 20 bps, BNB Smart Chain 18 bps, Ethereum 50 bps, Optimism 50 bps, Polygon 20 bps, and Solana 20 bps. The page does not publish one fee for every chain. The same page shows other fee rows that are not labeled with a fund name. Those rows are not recorded here. The BUIDL page says a redemption request received in good order by the transfer agent between 8:00 AM and 3:00 PM ET on the redemption date is for same-day settlement. A blockchain redemption that is not recorded on the fund's books by that deadline is redeemed on the next redemption date. Dividends accrue to the holder of record at 3:00 p.m. ET and are paid the following business day as new tokens. The issuer does not publish a storage fee for BlackRock USD Institutional Digital Liquidity Fund. Direct purchase minimum: The share-class table lists a $5 million minimum on each chain it names. The eligibility table lists a $5 million initial minimum and a $250,000 subsequent minimum on the Ethereum qualified-purchaser row, in USD. The issuer does not publish a reserve-report standard for BlackRock USD Institutional Digital Liquidity Fund. Ondo Short-Term US Government Treasuries: The overview sets the instant redemption minimum at $5,000 and the non-instant redemption minimum at $50,000. Instant redemption pays USDC to the same wallet that holds the tokens. Instant mints accept USDC or PYUSD. The overview does not name a bank or a city for cash. The overview states a management fee of 0.15%, waived until January 1, 2027. The overview describes an instant mint or redemption as immediate, inside the daily limit displayed on Ondo's site. It does not print that limit and does not state how many days a non-instant request takes. The issuer does not publish a storage fee for Ondo Short-Term US Government Treasuries. Direct purchase minimum: Instant subscription minimum $5,000. Non-instant investment minimum $100,000. Reserve report: The trust page says the results of periodic fund audits are on the product page for authorized requesting parties, and that those audits are shared with authorized requesting parties. It does not name the fund auditor or an assurance standard. Smart-contract audits linked from that page are code reviews.