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<!DOCTYPE html><html><head><meta charSet="utf-8"/><title>Investing & Redeeming | Ondo Finance</title><meta name="robots" content="index,follow"/><meta property="og:title" content="Investing & Redeeming | Ondo Finance"/><meta name="theme-color" content="#111" media="(prefers-color-scheme: dark)"/><meta name="viewport" content="width=device-width, initial-scale=1.0, viewport-fit=cover"/><style>
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</style><link rel="icon" href="/favicon.svg"/><link rel="icon" href="/favicon-light.svg" type="image/svg" media="(prefers-color-scheme: dark)"/><meta property="og:image" content="/img/logo.svg"/><meta property="og:title" content="Ondo Finance Docs"/><meta property="og:description" content="At Ondo, our mission is to make institutional-grade financial products and services available to everyone. We believe that blockchain technology has the potential to improve both the infrastructure of — and access to — financial products and services. We also believe that the best technical improvements need to be combined with the best practices from traditional finance, including investor protections, transparency in reporting, legal and regulatory compliance, intelligent and robust product structuring, working with the best service providers, and top-notch client service."/><meta name="next-head-count" content="12"/><link rel="preload" href="/_next/static/css/445c4173ffc2bf04.css" as="style"/><link rel="stylesheet" href="/_next/static/css/445c4173ffc2bf04.css" data-n-p=""/><noscript data-n-css=""></noscript><script defer="" nomodule="" src="/_next/static/chunks/polyfills-78c92fac7aa8fdd8.js"></script><script src="/_next/static/chunks/webpack-6724777efff47c03.js" defer=""></script><script src="/_next/static/chunks/framework-0995a3e8436ddc4f.js" defer=""></script><script src="/_next/static/chunks/main-6cde79d0e71b4535.js" defer=""></script><script src="/_next/static/chunks/pages/_app-5e08cacbd1e15530.js" defer=""></script><script 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motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100"><ul class="nx-flex nx-flex-col nx-gap-1 nextra-menu-desktop max-md:nx-hidden"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/">Welcome to Ondo</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/trust-and-security">Trust & Security</a></li><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products">General-Access Products<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180 ltr:nx-rotate-90 rtl:nx-rotate-[-270deg]"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy">USDY Token<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180 ltr:nx-rotate-90 rtl:nx-rotate-[-270deg]"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/basics">USDY Basics</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/comparison-stablecoins">Comparison to Stablecoins</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/comparison-ondo-products">Comparison to Other Ondo Products</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/how-it-works">How It Works</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/usdy-vs-rebasing-usdy">USDY vs Rebasing USDY (rUSDY)</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/rebasing">Rebasing</a></li><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq">FAQ<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180 ltr:nx-rotate-90 rtl:nx-rotate-[-270deg]"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/eligibility">Eligibility</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/onboarding-and-kyc">Onboarding & KYC</a></li><li class="nx-flex nx-flex-col nx-gap-1 active"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-bg-primary-100 nx-font-semibold nx-text-primary-800 dark:nx-bg-primary-400/10 dark:nx-text-primary-600 contrast-more:nx-border-primary-500 contrast-more:dark:nx-border-primary-500" href="/general-access-products/usdy/faq/investing-and-redeeming">Investing & Redeeming</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/usdyc">USDYc</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/transfers">Transfers</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/economics-and-fees">Economics & Fees</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/trust-and-transparency">Trust & Transparency</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/technology">Technology</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/faq/partners-and-media">Partners & Media</a></li></ul></div></div></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/general-access-products/usdy/disclaimer">USDY Legal Disclaimer</a></li></ul></div></div></li></ul></div></div></li><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products">Qualified-Access Products<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180 ltr:nx-rotate-90 rtl:nx-rotate-[-270deg]"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/cash-management-101">Cash Management 101</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/minting-and-redeeming">Minting and Redeeming</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/eligibility">Eligibility</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/onboarding-and-kyc">Onboarding & KYC</a></li><li class=""><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg">OUSG Token<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none" style="height:0"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-0 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/overview">Overview</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/eligibility-&-onboarding">Eligibility & Onboarding</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/investing">Investing</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/redeeming">Redeeming</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/yield">Yield</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/fees-and-taxes">Fees & Taxes</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/ousg-vs-rebasing-ousg">OUSG vs Rebasing OUSG (rOUSG)</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/rebasing">Rebasing</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/technical">Technical</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/trust-and-transparency">Trust & Transparency</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/regulatory-compliance">Regulatory Compliance</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/qualified-access-products/ousg/other">Other</a></li></ul></div></div></li></ul></div></div></li><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 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motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/protocols/flux">Flux Finance</a></li></ul></div></div></li><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/developer-guides">Developer Guides<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180 ltr:nx-rotate-90 rtl:nx-rotate-[-270deg]"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/developer-guides/mantle-integration-guidelines">Integration Guidelines for Protocols Supporting USDY on Mantle</a></li></ul></div></div></li><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/tools">Ondo Token Tools (Bridge and Converter)<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180 ltr:nx-rotate-90 rtl:nx-rotate-[-270deg]"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-100 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/tools/ondo-bridge">Ondo Token Bridge</a></li><li class=""><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/tools/converter">Ondo Token Converter<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-h-[18px] nx-min-w-[18px] nx-rounded-sm nx-p-0.5 hover:nx-bg-gray-800/5 dark:hover:nx-bg-gray-100/5"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7" class="nx-origin-center nx-transition-transform rtl:-nx-rotate-180"></path></svg></a><div class="nx-transform-gpu nx-overflow-hidden nx-transition-all nx-ease-in-out motion-reduce:nx-transition-none" style="height:0"><div class="nx-transition-opacity nx-duration-500 nx-ease-in-out motion-reduce:nx-transition-none nx-opacity-0 ltr:nx-pr-0 rtl:nx-pl-0 nx-pt-1"><ul class="nx-flex nx-flex-col nx-gap-1 nx-relative before:nx-absolute before:nx-inset-y-1 before:nx-w-px before:nx-bg-gray-200 before:nx-content-[""] dark:before:nx-bg-neutral-800 ltr:nx-pl-3 ltr:before:nx-left-0 rtl:nx-pr-3 rtl:before:nx-right-0 ltr:nx-ml-3 rtl:nx-mr-3"><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/tools/converter/usdy-musd-conversion">USDY and mUSD Conversion</a></li></ul></div></div></li></ul></div></div></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/addresses">Smart Contract Addresses</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/audits">Smart Contract Audits</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/ondo-v1-vaults-laas">Ondo V1 - Vaults & LaaS</a></li><li class="open"><a class="nx-items-center nx-justify-between nx-gap-2 nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors 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hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/legal/cookies-policy">Cookies Policy</a></li><li class="nx-flex nx-flex-col nx-gap-1"><a class="nx-flex nx-rounded nx-px-2 nx-py-1.5 nx-text-sm nx-transition-colors [word-break:break-word] nx-cursor-pointer [-webkit-tap-highlight-color:transparent] [-webkit-touch-callout:none] contrast-more:nx-border nx-text-gray-500 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:nx-text-neutral-400 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50 contrast-more:nx-text-gray-900 contrast-more:dark:nx-text-gray-50 contrast-more:nx-border-transparent contrast-more:hover:nx-border-gray-900 contrast-more:dark:hover:nx-border-gray-50" href="/legal/disclaimers">Disclaimers</a></li></ul></div></div></li></ul></div></div></div><div class="nx-sticky nx-bottom-0 nx-bg-white dark:nx-bg-dark nx-mx-4 nx-py-4 nx-shadow-[0_-12px_16px_#fff] nx-flex nx-items-center nx-gap-2 dark:nx-border-neutral-800 dark:nx-shadow-[0_-12px_16px_#111] contrast-more:nx-border-neutral-400 contrast-more:nx-shadow-none contrast-more:dark:nx-shadow-none nx-border-t" data-toggle-animation="off"><div class="nx-grow nx-flex nx-flex-col"><button title="Change theme" class="nx-h-7 nx-rounded-md nx-px-2 nx-text-left nx-text-xs nx-font-medium nx-text-gray-600 nx-transition-colors dark:nx-text-gray-400 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50" id="headlessui-listbox-button-:Rlsr6:" type="button" aria-haspopup="listbox" aria-expanded="false" data-headlessui-state=""><div class="nx-flex nx-items-center nx-gap-2 nx-capitalize"><svg fill="none" viewBox="3 3 18 18" width="12" height="12" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" fill="currentColor" d="M12 3v1m0 16v1m9-9h-1M4 12H3m15.364 6.364l-.707-.707M6.343 6.343l-.707-.707m12.728 0l-.707.707M6.343 17.657l-.707.707M16 12a4 4 0 11-8 0 4 4 0 018 0z"></path></svg><span class="">Light</span></div></button></div></div></aside><nav class="nextra-toc nx-order-last nx-hidden nx-w-64 nx-shrink-0 xl:nx-block print:nx-hidden nx-px-4" aria-label="table of contents"><div class="nextra-scrollbar nx-sticky nx-top-16 nx-overflow-y-auto nx-pr-4 nx-pt-6 nx-text-sm [hyphens:auto] nx-max-h-[calc(100vh-var(--nextra-navbar-height)-env(safe-area-inset-bottom))] ltr:-nx-mr-4 rtl:-nx-ml-4"><p class="nx-mb-4 nx-font-semibold nx-tracking-tight">On This Page</p><ul><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#investing" class="nx-font-semibold nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Investing</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#what-is-the-minimum-i-can-invest-or-redeem" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">What is the minimum I can invest or redeem?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#how-or-what-forms-of-payment--currency-can-i-use-to-invest" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">How or what forms of payment / currency can I use to invest?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#is-the-minimum-relevant-for-all-deposits-and-redemptions-or-just-the-first-one" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Is the minimum relevant for all deposits and redemptions or just the first one?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#how-quickly-after-i-invest-can-i-expect-my-tokens" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">How quickly after I invest can I expect my Tokens?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#how-long-after-investing-do-i-start-earning-yield" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">How long after investing do I start earning yield?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#can-any-type-of-wallet-or-account-hold-usdy" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Can any type of wallet or account hold USDY?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#are-we-allowed-to-specify-more-than-one-address" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Are we allowed to specify more than one address?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#are-there-offering-documents-like-a-prospectus-ppm-or-loan-documents-i-can-see" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Are there offering documents like a prospectus, PPM, or loan documents I can see?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#i-want-to-invest-via-bank-wire-how-do-i-do-that" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">I want to invest via bank wire. How do I do that?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#redeeming" class="nx-font-semibold nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Redeeming</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#what-tokens-or-currencies-can-i-receive-upon-redemption" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">What Tokens or currencies can I receive upon redemption?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#i-just-made-an-investment-how-quickly-can-i-redeem" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">I just made an investment. How quickly can I redeem?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#can-i-submit-a-redemption-request-at-any-time" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Can I submit a redemption request at any time?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#once-i-submit-a-redemption-request-how-long-before-i-get-my-money" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Once I submit a redemption request, how long before I get my money?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#how-do-i-request-a-redemption" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">How do I request a redemption?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#if-i-redeem-or-transfer-my-rusdy-tokens-before-the-yield-due-is-accrued-will-i-still-accrue-or-receive-that-yield" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">If I redeem or transfer my rUSDY tokens before the yield due is accrued, will I still accrue or receive that yield?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#lets-say-i-transfer-my-usdy-or-rusdy-tokens-to-another-party-who-gets-the-accrued-yield-for-that-day-me-or-them" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Let’s say I transfer my USDY or rUSDY tokens to another party. Who gets the accrued yield for that day, me or them?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#so-you-will-always-redeem-1-rusdy-for-1-usd" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">So you will always redeem 1 rUSDY for 1 USD?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#tax-forms" class="nx-font-semibold nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Tax Forms</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#where-can-i-find-my-w-8-tax-form-how-do-i-update-it" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Where can I find my W-8 tax form? How do I update it?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#which-w-8-tax-form-do-i-need-to-use" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Which W-8 tax form do I need to use?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#the-w-8-form-is-asking-me-for-a-taxpayer-identification-number-tin-or-an-individual-taxpayer-identification-number-itin-what-should-i-do" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">The W-8 Form is asking me for a Taxpayer Identification Number (TIN) or an Individual Taxpayer Identification Number (ITIN). What should I do?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#timing" class="nx-font-semibold nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Timing</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#what-is-the-cutoff-time-each-day-for-subscription-and-redemption-requests" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">What is the cutoff time each day for subscription and redemption requests?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#what-is-a-business-day" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">What is a “Business Day”?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#other" class="nx-font-semibold nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">Other</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#what-if-i-lose-my-temporary-global-certificate-or-token" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">What if I lose my Temporary Global Certificate or Token?</a></li><li class="nx-my-2 nx-scroll-my-6 nx-scroll-py-6"><a href="#what-happens-if-usdc-failsde-pegs" class="ltr:nx-pl-4 rtl:nx-pr-4 nx-inline-block nx-text-gray-500 hover:nx-text-gray-900 dark:nx-text-gray-400 dark:hover:nx-text-gray-300 contrast-more:nx-text-gray-900 contrast-more:nx-underline contrast-more:dark:nx-text-gray-50 nx-w-full nx-break-words">What happens if USDC fails/de-pegs?</a></li></ul></div></nav><div id="reach-skip-nav"></div><article class="nx-w-full nx-break-words nextra-content nx-flex nx-min-h-[calc(100vh-var(--nextra-navbar-height))] nx-min-w-0 nx-justify-center nx-pb-8 nx-pr-[calc(env(safe-area-inset-right)-1.5rem)]"><main class="nx-w-full nx-min-w-0 nx-max-w-6xl nx-px-6 nx-pt-4 md:nx-px-12"><div class="nextra-breadcrumb nx-mt-1.5 nx-flex nx-items-center nx-gap-1 nx-overflow-hidden nx-text-sm nx-text-gray-500 dark:nx-text-gray-400 contrast-more:nx-text-current"><div class="nx-whitespace-nowrap nx-transition-colors nx-min-w-[24px] nx-overflow-hidden nx-text-ellipsis hover:nx-text-gray-900 dark:hover:nx-text-gray-100" title="General-Access Products"><a href="/general-access-products">General-Access Products</a></div><svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-w-3.5 nx-shrink-0"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7"></path></svg><div class="nx-whitespace-nowrap nx-transition-colors nx-min-w-[24px] nx-overflow-hidden nx-text-ellipsis hover:nx-text-gray-900 dark:hover:nx-text-gray-100" title="USDY Token"><a href="/general-access-products/usdy">USDY Token</a></div><svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-w-3.5 nx-shrink-0"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7"></path></svg><div class="nx-whitespace-nowrap nx-transition-colors nx-min-w-[24px] nx-overflow-hidden nx-text-ellipsis hover:nx-text-gray-900 dark:hover:nx-text-gray-100" title="FAQ"><a href="/general-access-products/usdy/faq">FAQ</a></div><svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-w-3.5 nx-shrink-0"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7"></path></svg><div class="nx-whitespace-nowrap nx-transition-colors nx-font-medium nx-text-gray-700 contrast-more:nx-font-bold contrast-more:nx-text-current dark:nx-text-gray-100 contrast-more:dark:nx-text-current" title="Investing & Redeeming">Investing & Redeeming</div></div><h1 class="nx-mt-2 nx-text-4xl nx-font-bold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100">Investing & Redeeming</h1>
<h2 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-10 nx-border-b nx-pb-1 nx-text-3xl nx-border-neutral-200/70 contrast-more:nx-border-neutral-400 dark:nx-border-primary-100/10 contrast-more:dark:nx-border-neutral-400">Investing<a href="#investing" id="investing" class="subheading-anchor" aria-label="Permalink for this section"></a></h2>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">What is the minimum I can invest or redeem?<a href="#what-is-the-minimum-i-can-invest-or-redeem" id="what-is-the-minimum-i-can-invest-or-redeem" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Currently the minimum for investment or redemption is $500, but we expect this minimum to decrease substantially over time. Our goal is to enable anyone that meets our <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/eligibility#who-can-invest-in-usdy-who-can-redeem-who-can-trade-it">eligibility criteria</a> to invest or redeem. We also support investments via USD bank wire for amounts of $100,000 or more. At this time, however, redemption for <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/how-it-works#step-3-certificate-and-usdyc-generation">Temporary Global Certificates</a> (i.e. prior to your token issuance) is only available for amounts greater than $100,000.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">How or what forms of payment / currency can I use to invest?<a href="#how-or-what-forms-of-payment--currency-can-i-use-to-invest" id="how-or-what-forms-of-payment--currency-can-i-use-to-invest" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Currently we only support investing with USDC, and USDT (subject to market rate and conversion fees) though we may expand to other stablecoins in the future. We also support USD wire for investments of $100,000 or more. If you would like to make a USD wire investment, please contact us at <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="mailto:support@ondo.finance">support@ondo.finance</a>.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Is the minimum relevant for all deposits and redemptions or just the first one?<a href="#is-the-minimum-relevant-for-all-deposits-and-redemptions-or-just-the-first-one" id="is-the-minimum-relevant-for-all-deposits-and-redemptions-or-just-the-first-one" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">All deposits and redemptions.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">How quickly after I invest can I expect my Tokens?<a href="#how-quickly-after-i-invest-can-i-expect-my-tokens" id="how-quickly-after-i-invest-can-i-expect-my-tokens" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">As you can read about under <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/how-it-works">How it Works</a>, after you invest, you will typically receive your Temporary Global Certificate within 2-3 <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/investing-and-redeeming#what-is-a-business-day">Business Days</a> after depositing. The Temporary Global Certificate represents your ownership in USDY. To comply with applicable US regulations, however, you will not be able to claim your transferable Tokens until the Restricted Period for your Certificate ends; this is usually between 40 and 50 days from the time you deposited funds (depending upon exactly when we received your investment). For more information, see <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/how-it-works">How it Works</a>.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">How long after investing do I start earning yield?<a href="#how-long-after-investing-do-i-start-earning-yield" id="how-long-after-investing-do-i-start-earning-yield" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">See our answer <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/economics-and-fees#how-quickly-after-investing-do-i-start-earning-yield">here</a>.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Can any type of wallet or account hold USDY?<a href="#can-any-type-of-wallet-or-account-hold-usdy" id="can-any-type-of-wallet-or-account-hold-usdy" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Currently, Ethereum EOAs (i.e. personal wallets, Metamask, etc) and multi-sigs are supported, but custody accounts (e.g. Coinbase or Binance) are not.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Are we allowed to specify more than one address?<a href="#are-we-allowed-to-specify-more-than-one-address" id="are-we-allowed-to-specify-more-than-one-address" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">If you would like to add more addresses to your USDY account, please contact us at <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="mailto:support@ondo.finance">support@ondo.finance</a>.</p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">In the future, users will have the ability to manage multiple wallet and bank accounts within their Ondo account. Currently, changes to registered wallets must be coordinated through our support staff. Please note that only one wallet can be designated as the primary wallet at any given time, and it will serve as the default address for subscriptions and redemptions. For further assistance on this matter, feel free to contact our support team.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Are there offering documents like a prospectus, PPM, or loan documents I can see?<a href="#are-there-offering-documents-like-a-prospectus-ppm-or-loan-documents-i-can-see" id="are-there-offering-documents-like-a-prospectus-ppm-or-loan-documents-i-can-see" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">To comply with US laws and regulations, we are only able to provide such materials to investors who successfully complete our <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/onboarding-and-kyc">onboarding process</a> to prove <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/eligibility">eligibility</a>. You will have an opportunity to review all materials prior to investing.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">I want to invest via bank wire. How do I do that?<a href="#i-want-to-invest-via-bank-wire-how-do-i-do-that" id="i-want-to-invest-via-bank-wire-how-do-i-do-that" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Bank wire deposits are only available to those investing $100,000 or more. You will need to provide us with account information for the sending account. Include the account number, ABA/SWIFT Number, name of your bank, and the name on the account. You will also be given a specific code, which you will need to include in the memo/notes section of your wire. Finally, once the wire is sent, you will need to provide us with the unique identifier assigned by your bank to transaction once the wire has been sent. Depending upon your bank, this might be called a MT103 Message, a UETR, or an IMAD. You will likely have to ask your bank to provide this to you. To begin this process, please contact us at <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="mailto:support@ondo.finance">support@ondo.finance</a>.</p>
<h2 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-10 nx-border-b nx-pb-1 nx-text-3xl nx-border-neutral-200/70 contrast-more:nx-border-neutral-400 dark:nx-border-primary-100/10 contrast-more:dark:nx-border-neutral-400">Redeeming<a href="#redeeming" id="redeeming" class="subheading-anchor" aria-label="Permalink for this section"></a></h2>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">What Tokens or currencies can I receive upon redemption?<a href="#what-tokens-or-currencies-can-i-receive-upon-redemption" id="what-tokens-or-currencies-can-i-receive-upon-redemption" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">To comply with US regulations, redemptions must be made in fiat currency and only to bank accounts outside the US; payouts in the form of stablecoins are not allowed. Currently we only support USD wire transfers, so please make sure that any bank account you wish to use can accept USD. If you provide us with a bank account that does not accept USD, wires we send you may be rejected, delaying receipt of your funds.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">I just made an investment. How quickly can I redeem?<a href="#i-just-made-an-investment-how-quickly-can-i-redeem" id="i-just-made-an-investment-how-quickly-can-i-redeem" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">If you are redeeming more than $100,000, you can submit a redemption request as soon as you receive your Temporary Global Certificate. If you wish to redeem less than this, you must wait until your Tokens are minted, which takes between 40-50 days from the time of your deposit, depending on exactly when it was made.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Can I submit a redemption request at any time?<a href="#can-i-submit-a-redemption-request-at-any-time" id="can-i-submit-a-redemption-request-at-any-time" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">If you are redeeming Tokens, yes. If you are redeeming one or more Temporary Global Certificates that have not yet been converted to Tokens and meet the <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/investing-and-redeeming#i-just-made-an-investment-how-quickly-can-i-redeem">minimum early redemption threshold</a>, the only other time you would need to wait is during the two-Business-Day period right before your Tokens are minted (this minting date is also known as the “Restricted Period End Date”, which you can find on your Temporary Global Certificate). To ensure accounting accuracy, once this period starts you will typically need to wait until your Tokens are issued and then redeem them via the normal process via our website.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Once I submit a redemption request, how long before I get my money?<a href="#once-i-submit-a-redemption-request-how-long-before-i-get-my-money" id="once-i-submit-a-redemption-request-how-long-before-i-get-my-money" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Once you receive your Tokens, you can submit your redemption request on our platform at any time and your redemption will be processed within five Business Days. If you email us to request a redemption of your Temporary Global Certificates prior to your Tokens being issued, then, subject to you meeting the <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/investing-and-redeeming#i-just-made-an-investment-how-quickly-can-i-redeem">minimum early redemption threshold</a>, we will process your redemption within five Business Days of receiving both (a) your request for redemption and (b) valid wire instructions to a USD-denominated, non-US bank account.</p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">If we receive your redemption request before 8pm UTC on any given day, we will typically begin the redemption process on the next Business Day. For example, if you requested a redemption on Tuesday, we will typically begin the redemption process on Wednesday. Once the redemption process starts, it usually takes another 1-2 Business Days for us to initiate the wire transfer to your account. Note that for early redemption requests of Temporary Global Certificates, it may take a bit longer.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">How do I request a redemption?<a href="#how-do-i-request-a-redemption" id="how-do-i-request-a-redemption" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">It depends if your Tokens have been minted yet or not. If you wish to redeem your Tokens, you can do so via our web app. If you wish to redeem your <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/how-it-works#step-3-certificate-and-usdyc-generation">Temporary Global Certificates</a> <em>prior</em> to your Tokens being minted, you can contact us at <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="mailto:support@ondo.finance">support@ondo.finance</a>.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">If I redeem or transfer my rUSDY tokens before the yield due is accrued, will I still accrue or receive that yield?<a href="#if-i-redeem-or-transfer-my-rusdy-tokens-before-the-yield-due-is-accrued-will-i-still-accrue-or-receive-that-yield" id="if-i-redeem-or-transfer-my-rusdy-tokens-before-the-yield-due-is-accrued-will-i-still-accrue-or-receive-that-yield" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">No. Due to <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/rebasing">the way that rebasing works</a>, you would not accrue or receive that yield on the transferred tokens. Because rebasing in effect increases the number of rUSDY tokens in your wallet proportional to the number of tokens in your wallet at the time of rebase, if you have already redeemed (or transferred) those tokens, your “base” of tokens has already decreased.</p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Keep this in mind when redeeming or transferring tokens.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Let’s say I transfer my USDY or rUSDY tokens to another party. Who gets the accrued yield for that day, me or them?<a href="#lets-say-i-transfer-my-usdy-or-rusdy-tokens-to-another-party-who-gets-the-accrued-yield-for-that-day-me-or-them" id="lets-say-i-transfer-my-usdy-or-rusdy-tokens-to-another-party-who-gets-the-accrued-yield-for-that-day-me-or-them" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">The general rule to keep in mind is this: whoever holds the tokens at the time of the price update gets the yield.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">So you will always redeem 1 rUSDY for 1 USD?<a href="#so-you-will-always-redeem-1-rusdy-for-1-usd" id="so-you-will-always-redeem-1-rusdy-for-1-usd" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Legally, an rUSDY token is a fractional representation of a locked USDY token, which in turn is interest-bearing tokenized debt secured by short-term US Treasuries and bank demand deposits. The Reference Token Price per rUSDY token, then, is equal to (a) the total number of USDY tokens locked in the wrapper contract times (b) the Reference Token Price per USDY token, the product of which is divided by the total number of rUSDY tokens. (See <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/basics#understanding-rusdy">here</a> for more details.) The wrapper contract adjusts the number of rUSDY in existence based upon the Reference Token Price of the underlying USDY token such that the value of an rUSDY token remains 1 USD.</p>
<h2 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-10 nx-border-b nx-pb-1 nx-text-3xl nx-border-neutral-200/70 contrast-more:nx-border-neutral-400 dark:nx-border-primary-100/10 contrast-more:dark:nx-border-neutral-400">Tax Forms<a href="#tax-forms" id="tax-forms" class="subheading-anchor" aria-label="Permalink for this section"></a></h2>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Where can I find my W-8 tax form? How do I update it?<a href="#where-can-i-find-my-w-8-tax-form-how-do-i-update-it" id="where-can-i-find-my-w-8-tax-form-how-do-i-update-it" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">If you are an individual you can visit your <a href="https://ondo.finance/account" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">account page<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a> and find your W-8 tax form on the last page of your USDY Subscription Document Packet. If (a) you are redeeming on behalf of an organization and wish to see the latest W-8 we have on file, OR (b) you are an individual or an entity and wish to update your tax information, please contact us at <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="mailto:support@ondo.finance">support@ondo.finance</a>. If you have never completed a W8 form before, please read the rest of this section.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">Which W-8 tax form do I need to use?<a href="#which-w-8-tax-form-do-i-need-to-use" id="which-w-8-tax-form-do-i-need-to-use" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">We cannot provide specific guidance for your situation so please check with your tax adviser. However, here is some general information that may help you:</p>
<ul class="nx-mt-6 nx-list-disc first:nx-mt-0 ltr:nx-ml-6 rtl:nx-mr-6">
<li class="nx-my-2"><strong>Individuals:</strong> If you receive a salary or share in the profits of a US Business, then the W-8ECI is likely the appropriate form. If not, it's likely the W-8BEN.</li>
<li class="nx-my-2"><strong>Business Entities that act as intermediaries or flow-through entities</strong> generally use Form W-8IMY. If the business is not an intermediate or flow-through, your decision depends on whether the entity has income effectively connected with a US trade or business. If it does, you should likely complete Form W-8ECI. If it doesn't, you should likely complete Form W-8BEN-E.</li>
<li class="nx-my-2"><strong>Governments and non-profit or tax-exempt organizations</strong> should complete Form W-8EXP to certify their foreign status and, if applicable, claim an exemption or receive reduced withholding.</li>
</ul>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Remember, these guidelines are simplified, and the specifics of US tax law can be complex. Always consult a tax professional or the IRS for advice tailored to your circumstances.</p>
<div></div>
<table class="nx-block nx-overflow-x-scroll nextra-scrollbar nx-mt-6 nx-p-0 first:nx-mt-0"><thead><tr class="nx-m-0 nx-border-t nx-border-gray-300 nx-p-0 dark:nx-border-gray-600 even:nx-bg-gray-100 even:dark:nx-bg-gray-600/20"><th class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 nx-font-semibold dark:nx-border-gray-600">Type of W-8 Form</th><th class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 nx-font-semibold dark:nx-border-gray-600">Demographics</th></tr></thead><tbody><tr class="nx-m-0 nx-border-t nx-border-gray-300 nx-p-0 dark:nx-border-gray-600 even:nx-bg-gray-100 even:dark:nx-bg-gray-600/20"><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600"><strong><a href="https://www.irs.gov/pub/irs-pdf/fw8ben.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Form W-8 BEN<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></strong><br/><a href="https://www.irs.gov/pub/irs-pdf/iw8ben.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Instructions<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a><br/><strong>Most Common For Individuals</strong></td><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600">Foreign <strong>individuals</strong> who <strong>receive certain types of income</strong> in the US</td></tr><tr class="nx-m-0 nx-border-t nx-border-gray-300 nx-p-0 dark:nx-border-gray-600 even:nx-bg-gray-100 even:dark:nx-bg-gray-600/20"><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600"><strong><a href="https://www.irs.gov/pub/irs-pdf/fw8bene.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Form W-8 BEN-E<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></strong><br/><a href="https://www.irs.gov/pub/irs-pdf/iw8bene.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Instructions<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></td><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600">Foreign entities who receive certain types of income in the US</td></tr><tr class="nx-m-0 nx-border-t nx-border-gray-300 nx-p-0 dark:nx-border-gray-600 even:nx-bg-gray-100 even:dark:nx-bg-gray-600/20"><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600"><strong><a href="https://www.irs.gov/pub/irs-pdf/fw8eci.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Form W-8 ECI<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></strong><br/><a href="https://www.irs.gov/pub/irs-pdf/iw8eci.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Instructions<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></td><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600">Foreign individuals who engage in a trade or business in the US and receive income from US sources</td></tr><tr class="nx-m-0 nx-border-t nx-border-gray-300 nx-p-0 dark:nx-border-gray-600 even:nx-bg-gray-100 even:dark:nx-bg-gray-600/20"><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600"><strong><a href="https://www.irs.gov/pub/irs-pdf/fw8exp.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Form W-8 EXP<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></strong><br/><a href="https://www.irs.gov/pub/irs-pdf/iw8exp.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Instructions<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></td><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600">Used by certain payees in order to claim a reduction of - or exclusion from- tax withholding</td></tr><tr class="nx-m-0 nx-border-t nx-border-gray-300 nx-p-0 dark:nx-border-gray-600 even:nx-bg-gray-100 even:dark:nx-bg-gray-600/20"><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600"><strong><a href="https://www.irs.gov/pub/irs-pdf/fw8imy.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Form W-8 IMY<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></strong><br/><a href="https://www.irs.gov/pub/irs-pdf/iw8imy.pdf" target="_blank" rel="noreferrer" class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]">Instructions<span class="nx-sr-only nx-select-none"> (opens in a new tab)</span></a></td><td class="nx-m-0 nx-border nx-border-gray-300 nx-px-4 nx-py-2 dark:nx-border-gray-600">Intended for intermediaries- should not be used by beneficial owners in a business</td></tr></tbody></table>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">The W-8 Form is asking me for a Taxpayer Identification Number (TIN) or an Individual Taxpayer Identification Number (ITIN). What should I do?<a href="#the-w-8-form-is-asking-me-for-a-taxpayer-identification-number-tin-or-an-individual-taxpayer-identification-number-itin-what-should-i-do" id="the-w-8-form-is-asking-me-for-a-taxpayer-identification-number-tin-or-an-individual-taxpayer-identification-number-itin-what-should-i-do" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">If you already have been issued a TIN or an ITIN by the IRS, please list it on the form. Beyond that, we cannot provide specific guidance for your situation so please check with the IRS or your tax adviser. However, most people or entities that do not already have such a number do not need to obtain one for the purposes of this form and can leave this field blank.</p>
<h2 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-10 nx-border-b nx-pb-1 nx-text-3xl nx-border-neutral-200/70 contrast-more:nx-border-neutral-400 dark:nx-border-primary-100/10 contrast-more:dark:nx-border-neutral-400">Timing<a href="#timing" id="timing" class="subheading-anchor" aria-label="Permalink for this section"></a></h2>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">What is the cutoff time each day for subscription and redemption requests?<a href="#what-is-the-cutoff-time-each-day-for-subscription-and-redemption-requests" id="what-is-the-cutoff-time-each-day-for-subscription-and-redemption-requests" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">8pm UTC on each <a class="nx-text-primary-600 nx-underline nx-decoration-from-font [text-underline-position:from-font]" href="/general-access-products/usdy/faq/investing-and-redeeming#what-is-a-business-day">Business Day</a>. Any subscription or redemption requests received prior to that will be considered as having been made that day. Any request received after that will be treated “as if” it had been made on the next Business Day.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">What is a “Business Day”?<a href="#what-is-a-business-day" id="what-is-a-business-day" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">A Business Day shall mean any day that is not (a) a Saturday, (b) Sunday, (c) any other day on which banks in Wilmington, Delaware, are authorized or obligated by law or executive order to be closed or (d) any other day on which the Federal Reserve Bank of Philadelphia is closed.</p>
<h2 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-10 nx-border-b nx-pb-1 nx-text-3xl nx-border-neutral-200/70 contrast-more:nx-border-neutral-400 dark:nx-border-primary-100/10 contrast-more:dark:nx-border-neutral-400">Other<a href="#other" id="other" class="subheading-anchor" aria-label="Permalink for this section"></a></h2>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">What if I lose my Temporary Global Certificate or Token?<a href="#what-if-i-lose-my-temporary-global-certificate-or-token" id="what-if-i-lose-my-temporary-global-certificate-or-token" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">Because USDY tokens designed to be a bearer instrument like a stablecoin, if you lose your Tokens there is not much we can do. If you lose your Temporary Global Certificate prior to claiming your Tokens, however, you can always re-download your certificate by logging into your Ondo account.</p>
<h3 class="nx-font-semibold nx-tracking-tight nx-text-slate-900 dark:nx-text-slate-100 nx-mt-8 nx-text-2xl">What happens if USDC fails/de-pegs?<a href="#what-happens-if-usdc-failsde-pegs" id="what-happens-if-usdc-failsde-pegs" class="subheading-anchor" aria-label="Permalink for this section"></a></h3>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0">If USDC de-pegs after an investment has been processed, there is no adverse effect on USDY holders. Between the time an investor deposits USDC to a crypto exchange account (e.g., Coinbase Prime) owned by Ondo USDY LLC and the time the issuer converts the USDC to US Dollars (and vice versa), the investor assumes all benefits (risks) of any appreciation (depreciation) in the crypto asset’s value. Under normal circumstances, Ondo USDY LLC converts USDC to USD at 1:1. In the event of any material de-pegging, Ondo USDY LLC will contact the lender prior to converting any assets, which may potentially delay the transaction.</p>
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<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><strong>Legal Notice</strong></p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><em>These pages are provided solely to facilitate your understanding of certain key features and terms of USDY and its issuer, and is qualified in all respects by the Tokenized Credit and Security Agreement, your Subscription Agreement, the Borrowing and Lending Memorandum, and the Limited Liability Company Agreement of Ondo USDY LLC.</em></p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><em>For the purposes of these pages, the capitalized term “Token” shall refer to the transferrable USDY token.</em></p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><em>Neither these pages, nor any related links or discussions, nor any portion hereof or thereof, constitutes any offer to sell, or any solicitation of an offer to buy, any securities, including but not limited to USDY Tokens.</em></p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><em>Neither these pages, nor any related links or discussions, nor any portion hereof of thereof, constitutes any representation, warranty or covenant on the part of Ondo Finance Inc., Ondo USDY LLC or any other person.</em></p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><em>These pages and their links contain, and officers, agents or representatives of Ondo Finance Inc. or Ondo USDY LLC may from time to time make, "forward-looking statements". Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Ondo Finance Inc., Ondo USDY LLC and their respective officers, agents and representatives. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.</em></p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><em>Acquiring USDY Tokens is speculative and involves substantial risks. There can be no assurances that a USDY Token holder will not incur losses, including total loss of their investment in USDY Tokens.</em></p>
<p class="nx-mt-6 nx-leading-7 first:nx-mt-0"><em>The USDY Tokens are not offered OR SOLD, and will not be offered OR SOLD, in the United States or to US persons. In addition, the USDY Tokens have not been registered under the Securities Act of 1933, as amended (the “Act”) or the securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the United States or to US persons unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available. Additional limitations on transfer also apply.</em></p><div class="nx-mt-16"></div><div class="nx-mb-8 nx-flex nx-items-center nx-border-t nx-pt-8 dark:nx-border-neutral-800 contrast-more:nx-border-neutral-400 dark:contrast-more:nx-border-neutral-400 print:nx-hidden"><a title="Onboarding & KYC" class="nx-flex nx-max-w-[50%] nx-items-center nx-gap-1 nx-py-4 nx-text-base nx-font-medium nx-text-gray-600 nx-transition-colors [word-break:break-word] hover:nx-text-primary-600 dark:nx-text-gray-300 md:nx-text-lg ltr:nx-pr-4 rtl:nx-pl-4" href="/general-access-products/usdy/faq/onboarding-and-kyc"><svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-inline nx-h-5 nx-shrink-0 ltr:nx-rotate-180"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7"></path></svg>Onboarding & KYC</a><a title="USDYc" class="nx-flex nx-max-w-[50%] nx-items-center nx-gap-1 nx-py-4 nx-text-base nx-font-medium nx-text-gray-600 nx-transition-colors [word-break:break-word] hover:nx-text-primary-600 dark:nx-text-gray-300 md:nx-text-lg ltr:nx-ml-auto ltr:nx-pl-4 ltr:nx-text-right rtl:nx-mr-auto rtl:nx-pr-4 rtl:nx-text-left" href="/general-access-products/usdy/faq/usdyc">USDYc<svg fill="none" viewBox="0 0 24 24" stroke="currentColor" class="nx-inline nx-h-5 nx-shrink-0 rtl:nx-rotate-180"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5l7 7-7 7"></path></svg></a></div></main></article></div><footer class="nx-bg-gray-100 nx-pb-[env(safe-area-inset-bottom)] dark:nx-bg-neutral-900 print:nx-bg-transparent"><div class="nx-mx-auto nx-flex nx-max-w-[90rem] nx-gap-2 nx-py-2 nx-px-4 nx-hidden"><button title="Change theme" class="nx-h-7 nx-rounded-md nx-px-2 nx-text-left nx-text-xs nx-font-medium nx-text-gray-600 nx-transition-colors dark:nx-text-gray-400 hover:nx-bg-gray-100 hover:nx-text-gray-900 dark:hover:nx-bg-primary-100/5 dark:hover:nx-text-gray-50" id="headlessui-listbox-button-:Rkt6:" type="button" aria-haspopup="listbox" aria-expanded="false" data-headlessui-state=""><div class="nx-flex nx-items-center nx-gap-2 nx-capitalize"><svg fill="none" viewBox="3 3 18 18" width="12" height="12" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" fill="currentColor" d="M12 3v1m0 16v1m9-9h-1M4 12H3m15.364 6.364l-.707-.707M6.343 6.343l-.707-.707m12.728 0l-.707.707M6.343 17.657l-.707.707M16 12a4 4 0 11-8 0 4 4 0 018 0z"></path></svg><span class="">Light</span></div></button></div><hr class="dark:nx-border-neutral-800"/><div class="nx-mx-auto nx-flex nx-max-w-[90rem] nx-justify-center nx-py-12 nx-text-gray-600 dark:nx-text-gray-400 md:nx-justify-start nx-pl-[max(env(safe-area-inset-left),1.5rem)] nx-pr-[max(env(safe-area-inset-right),1.5rem)]">Ondo Finance Docs</div></footer></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{}},"page":"/general-access-products/usdy/faq/investing-and-redeeming","query":{},"buildId":"kswwImgX88EJaGWTmIRU3","nextExport":true,"autoExport":true,"isFallback":false,"scriptLoader":[]}</script></body></html>