Ondo launches onchain portfolio tokens based on BlackRock-developed strategies
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Ondo Finance introduced three onchain portfolio tokens on Sept. 24 built on model portfolio strategies developed by BlackRock. The products are aimed at eligible non-U.S. investors in permitted jurisdictions and package baskets of securities or tokenized assets into a single token. Several outlets also tied the launch to a same-day move in ONDO, which was reported as a jump of more than 18% and in some cases nearly 30% the next day.
Key claims & sources
What it means
Eligible non-U.S. investors in permitted jurisdictions are the group that can use these portfolio tokens now, and that matters to anyone watching access to tokenized securities. The products package a complete investment strategy into one on-chain token, so the change is in how the portfolios are delivered rather than in who designs them. (per crypto.news)
Before this launch, those strategies were not available as Ondo onchain portfolio tokens in this form, and now they are packaged inside Intelligent Portfolios. BlackRock designed the model strategies, while Ondo Global Markets issues and operates the tokenized products, so the operating setup stays split between the two firms.
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Coverage timeline
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 45 days ago | Ondo lets institutions convert stocks directly into tokenized shares event | 1 actors in common · 2 news media |