The memo
v2 SUPERSEDES v1, and it is a correction: v1 called OUSG "generally more accessible at retail size" and the practical entry point for a tokenised-income mandate. That was WRONG. Resolved 2026-08-01: OUSG requires investors to meet BOTH accredited-investor AND qualified-purchaser standards — the headline $5k instant mint/redeem rail sits behind the same QP verification as everything else in this class. The crypto-native distribution is real; the eligibility gate is identical. Rejected on access. The 24/7/365 instant mint/redeem architecture remains the best in class and is exactly what we would want if a retail or accredited-only class ever ships — which makes Ondo the first name to re-check.
What would reopen the file
- n/a — rejected on access. Revisit on any Ondo product open to accredited (not QP) US investors with self-custody
Facts on file
- Verdict
- Rejected
- Exposure
- tokenized RWA
- Chains examined
- Ethereum, XRPL
- Instruments
- OUSG
- Memo version
- v2
- Reviewed
- Next review