> ## Documentation Index
> Fetch the complete documentation index at: https://docs.passage.coinlist.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Offer yield on tokenized Treasuries and funds

> Let eligible users earn yield on tokenized Treasury, T-bill, and credit funds inside your app, through one integration.

**Who it's for:** stablecoin-native fintechs, neobanks, and wallets that want to give users a way to earn on their dollar balances.

**Who can buy:** eligible non-US users, verified by Passage for each offering. Ondo and Centrifuge assets are not available in the United States. See [Eligibility and compliance](https://docs.passage.coinlist.co/eligibility-compliance.md).

**The flow:** the user signs in with Passage via OAuth, completes KYC and eligibility, puts stablecoins into a yield-bearing asset inside your app, and receives tokens to their self-custody wallet.

## What your users can earn on

| Asset | Token | Issuer | How it settles |
| - | - | - | - |
| iShares 0-3 Month Treasury Bond ETF | `SGOVon` | Ondo | Swap, 24/5 |
| SPDR Bloomberg 1-3 Month T-Bill ETF | `BILon` | Ondo | Swap, 24/5 |
| iShares 1-3 Year Treasury Bond ETF | `SHYon` | Ondo | Swap, 24/5 |
| Janus Henderson Treasury Fund (exposure) | `deJTRSY` | Centrifuge | Request, fill, claim |
| Janus Henderson AAA CLO Fund (exposure) | `deJAAA` | Centrifuge | Request, fill, claim |
| NYLIM U.S. High Yield Bond Fund (exposure) | `deHYB` | Centrifuge | Request, fill, claim |

These are examples. See [Fixed income](https://docs.passage.coinlist.co/assets/fixed-income.md) for every yield-bearing asset in the catalog.

## How each issuer settles

**Ondo.** Users buy and sell Ondo's Treasury and bond trackers through a swap, during each asset's [trading window](https://docs.passage.coinlist.co/assets/catalog.md#trading-windows). The token gives economic exposure to the underlying ETF. See [Ondo](https://docs.passage.coinlist.co/assets/partners/ondo.md).

**Centrifuge.** Users deposit USDC into a deRWA token that gives exposure to an institutional fund. The user places a request, the fund fills it on its dealing schedule, and the user claims the tokens afterwards, so plan for a pending state in your UI. The smallest deposit is 10,050 USDC: 10,000 USDC into the fund plus the 0.5% CoinList deposit fee. See [Centrifuge](https://docs.passage.coinlist.co/assets/partners/centrifuge.md).

Once users hold deRWA tokens, they can also use them as collateral in DeFi lending markets. See [Lending pools and vaults](https://docs.passage.coinlist.co/use-cases/lending-pools-vaults.md).

## Build it

> [card] [Ondo Swap](https://docs.passage.coinlist.co/sdk/ondo-swap.md)
>
> The buy and sell paths for Ondo assets.

> [card] [Centrifuge Vaults](https://docs.passage.coinlist.co/sdk/centrifuge-vaults.md)
>
> Deposit, redeem, and claim for Centrifuge assets.

> [card] [Fetch offers](https://docs.passage.coinlist.co/sdk/fetch-offers.md)
>
> List the offers available to your users and render them in your own UI.

> [card] [Fixed income catalog](https://docs.passage.coinlist.co/assets/fixed-income.md)
>
> Every tokenized Treasury, bond, and credit product, with ticker and issuer.


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