Spout’s first product is a tokenized version of AAA-rated U.S. corporate bonds (LQD). These ETFs are held in custody with a licensed broker, with tokens issued 1:1. Yield is reflected and accrued through price updates and on-chain proof-of-reserve feeds.
Compared to short-duration T-bill products, these bond ETFs offer higher returns with modestly higher risk—making them a powerful tool for treasuries seeking better capital efficiency without excessive volatility.