rUSDY vs TIPSX
Ondo rebasing US Dollar Yield and WisdomTree TIPS Digital Fund are both treasuries tokens, so this page compares them. rUSDY is issued by Ondo USDY LLC with no published chain list. TIPSX is issued by WisdomTree Transfers, Inc. on Arbitrum, Avalanche, Base, Ethereum, Optimism. The cited pages differ on issuer, fees, redemption, minimum size, chains. A dash is a field the issuer page does not state. The reverse URL redirects to this alphabetical pair.
All RWA tokens · Ondo rebasing US Dollar Yield · WisdomTree TIPS Digital Fund
| Field | Ondo rebasing US Dollar Yield | WisdomTree TIPS Digital Fund |
|---|---|---|
| Ticker | rUSDY | TIPSX |
| Asset class | Treasuries | Treasuries |
| Issuer | Ondo USDY LLC | WisdomTree Transfers, Inc. |
| Issuer jurisdiction | United States | United States |
| Regulator | rUSDY is the rebasing wrapper of USDY. USDY itself is offered under Regulation S to non-U.S. persons. Ondo says the note was folded into Ondo Stocks as of 15 Dec 2025. | The tokenized funds available via WisdomTree Connect are registered under the Investment Company Act of 1940. WisdomTree Digital Funds are distributed by WisdomTree Securities, Inc., Member FINRA. The official record of share ownership is maintained offchain by WisdomTree Transfers, Inc. |
| Token type | Rebasing wrapper. Ondo says each rUSDY corresponds to USDY locked in a wrapper contract. The rUSDY price stays at $1.00 and the holder receives more tokens as the USDY reference price rises. Counting USDY and rUSDY together double-counts the wrapped tokens. | Tokenized Treasury inflation-protected securities fund, as named by WisdomTree. The issuer table lists it under fixed income, interest rate strategies. WisdomTree Connect says the platform currently supports these networks. That is a platform list, not a per-fund contract inventory. |
| Custodian | — | — |
| Auditor | — | — |
| Chains | — | Arbitrum, Avalanche, Base, Ethereum, Optimism |
| Fees | — | As of the 23 Oct 2026 fund table, the gross expense ratio is 0.05% and the net expense ratio is 0.05%. WisdomTree Connect charges no transaction, subscription, or minting fee on top of that. |
| Redemption | Ondo says holders can convert between USDY and rUSDY on its website. USD redemption of the underlying note is the USDY path: bank wire to a non-U.S. account, or USDC through Ondo Global Markets (BVI) Limited. | On WisdomTree Connect, tokenized products other than WTGXX generally settle T+1. Subscriptions and redemptions use USDC or USD. The platform charges no transaction, subscription, or minting fee. The investor pays network gas and any USDC mint or burn fee. |
| Minimum unit | The wrapper page does not state a separate rUSDY minimum. The USDY page sets a $5,000 minimum on Sui, Aptos, Stellar, XRP, and Noble. | WisdomTree Connect says there are no platform minimums at this time. |
| Launched | — | 2023-01-19 |
| Website | https://ondo.finance/ | https://www.wisdomtree.com/onchain/tokenized-funds |
| CoinGecko id | — | — |
| Market cap | — | — |
| Supply | — | — |
Eligibility and redemption read from the issuer on 31 Oct 2026
How to buy rUSDY
The basics page says holders can convert between USDY and rUSDY on the Ondo website. It does not name an exchange for the wrapper.
The trust page requires customer due diligence on USDY investors. The wrapper page does not print a separate checklist.
Who can and cannot hold rUSDY
Ondo rebasing US Dollar Yield is issued from United States.
Regulator, as published: rUSDY is the rebasing wrapper of USDY. USDY itself is offered under Regulation S to non-U.S. persons. Ondo says the note was folded into Ondo Stocks as of 15 Dec 2025.
rUSDY is the rebasing wrapper of USDY. The trust page limits USDY issuance and sale to non-U.S. persons under Regulation S. The basics page does not add a separate country list for the wrapper.
What redemption actually means in practice for rUSDY
The wrapper page does not state a separate rUSDY redemption minimum. The USDY page sets a $5,000 minimum to mint or redeem on Sui, Aptos, Stellar, XRP, or Noble.
Converting rUSDY back to USDY happens in the wrapper, and the basics page says that conversion is on the Ondo website. Cash redemption of the underlying note follows USDY: a US-dollar wire only to a non-U.S. bank account, or USDC through Ondo Global Markets (BVI) Limited.
The issuer does not publish an issuer fee for Ondo rebasing US Dollar Yield.
The issuer does not publish a redemption settlement time for Ondo rebasing US Dollar Yield.
The issuer does not publish a storage fee for Ondo rebasing US Dollar Yield.
Direct purchase minimum: The wrapper page does not state a separate rUSDY purchase minimum. The USDY page sets a $5,000 minimum on Sui, Aptos, Stellar, XRP, and Noble.
Reserve report: The basics page describes rUSDY as USDY locked in a wrapper contract. It does not name a reserve-report standard for the wrapper. The trust page's note on fund audits applies to Ondo products generally and does not name an auditor.
How to buy TIPSX
The cited catalog does not include an official how-to-buy path for WisdomTree TIPS Digital Fund.
Who can and cannot hold TIPSX
WisdomTree TIPS Digital Fund is issued from United States.
Regulator, as published: The tokenized funds available via WisdomTree Connect are registered under the Investment Company Act of 1940. WisdomTree Digital Funds are distributed by WisdomTree Securities, Inc., Member FINRA. The official record of share ownership is maintained offchain by WisdomTree Transfers, Inc.
The cited catalog does not include a restricted-holder statement for WisdomTree TIPS Digital Fund.
What redemption actually means in practice for TIPSX
Redemption, as published: On WisdomTree Connect, tokenized products other than WTGXX generally settle T+1. Subscriptions and redemptions use USDC or USD. The platform charges no transaction, subscription, or minting fee. The investor pays network gas and any USDC mint or burn fee.
Minimum size, as published: WisdomTree Connect says there are no platform minimums at this time.
Fees, as published: As of the 23 Oct 2026 fund table, the gross expense ratio is 0.05% and the net expense ratio is 0.05%. WisdomTree Connect charges no transaction, subscription, or minting fee on top of that.
Ondo rebasing US Dollar Yield sources
WisdomTree TIPS Digital Fund sources
Questions
Yes. Both are treasuries. RWA Leads does not publish a comparison across asset classes.
Ondo rebasing US Dollar Yield: Ondo USDY LLC. WisdomTree TIPS Digital Fund: WisdomTree Transfers, Inc..
rUSDY fees: not stated. TIPSX fees: As of the 23 Oct 2026 fund table, the gross expense ratio is 0.05% and the net expense ratio is 0.05%. WisdomTree Connect charges no transaction, subscription, or minting fee on top of that.. rUSDY redemption: Ondo says holders can convert between USDY and rUSDY on its website. USD redemption of the underlying note is the USDY path: bank wire to a non-U.S. account, or USDC through Ondo Global Markets (BVI) Limited.. TIPSX redemption: On WisdomTree Connect, tokenized products other than WTGXX generally settle T+1. Subscriptions and redemptions use USDC or USD. The platform charges no transaction, subscription, or minting fee. The investor pays network gas and any USDC mint or burn fee..
The slugs in alphabetical order: /compare/rusdy-vs-tipsx. The other order is a permanent redirect.
Ondo rebasing US Dollar Yield: The basics page says holders can convert between USDY and rUSDY on the Ondo website. It does not name an exchange for the wrapper. The trust page requires customer due diligence on USDY investors. The wrapper page does not print a separate checklist. WisdomTree TIPS Digital Fund: The cited catalog does not include an official how-to-buy path for WisdomTree TIPS Digital Fund.
Ondo rebasing US Dollar Yield is issued from United States. Regulator, as published: rUSDY is the rebasing wrapper of USDY. USDY itself is offered under Regulation S to non-U.S. persons. Ondo says the note was folded into Ondo Stocks as of 15 Dec 2025. rUSDY is the rebasing wrapper of USDY. The trust page limits USDY issuance and sale to non-U.S. persons under Regulation S. The basics page does not add a separate country list for the wrapper. WisdomTree TIPS Digital Fund is issued from United States. Regulator, as published: The tokenized funds available via WisdomTree Connect are registered under the Investment Company Act of 1940. WisdomTree Digital Funds are distributed by WisdomTree Securities, Inc., Member FINRA. The official record of share ownership is maintained offchain by WisdomTree Transfers, Inc. The cited catalog does not include a restricted-holder statement for WisdomTree TIPS Digital Fund.
Ondo rebasing US Dollar Yield: The wrapper page does not state a separate rUSDY redemption minimum. The USDY page sets a $5,000 minimum to mint or redeem on Sui, Aptos, Stellar, XRP, or Noble. Converting rUSDY back to USDY happens in the wrapper, and the basics page says that conversion is on the Ondo website. Cash redemption of the underlying note follows USDY: a US-dollar wire only to a non-U.S. bank account, or USDC through Ondo Global Markets (BVI) Limited. The issuer does not publish an issuer fee for Ondo rebasing US Dollar Yield. The issuer does not publish a redemption settlement time for Ondo rebasing US Dollar Yield. The issuer does not publish a storage fee for Ondo rebasing US Dollar Yield. Direct purchase minimum: The wrapper page does not state a separate rUSDY purchase minimum. The USDY page sets a $5,000 minimum on Sui, Aptos, Stellar, XRP, and Noble. Reserve report: The basics page describes rUSDY as USDY locked in a wrapper contract. It does not name a reserve-report standard for the wrapper. The trust page's note on fund audits applies to Ondo products generally and does not name an auditor. WisdomTree TIPS Digital Fund: Redemption, as published: On WisdomTree Connect, tokenized products other than WTGXX generally settle T+1. Subscriptions and redemptions use USDC or USD. The platform charges no transaction, subscription, or minting fee. The investor pays network gas and any USDC mint or burn fee. Minimum size, as published: WisdomTree Connect says there are no platform minimums at this time. Fees, as published: As of the 23 Oct 2026 fund table, the gross expense ratio is 0.05% and the net expense ratio is 0.05%. WisdomTree Connect charges no transaction, subscription, or minting fee on top of that.