Ondo launches onchain portfolios powered by BlackRock
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- Ondo Finance launched three portfolio tokens based on model strategies developed by BlackRock.
- The products offer high-income, diversified-growth and high-growth options for eligible non-US investors.
- The launch brings traditional portfolio strategies onto blockchain infrastructure through transferable tokens.
Ondo Finance (ONDO) has launched three onchain portfolio tokens based on BlackRock-developed model strategies.
The products give eligible investors outside the United States access to weighted baskets through single transferable tokens.
“Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure,” according to Lisa O'Connor, Global Head of Model Portfolio Solutions at BlackRock.
The portfolios cover high income, diversified growth and high growth strategies through tokenised asset baskets.
“Portfolios like these have never been available onchain. Now, they are made accessible onchain, transferable at any time, and usable across DeFi,” according to Ian De Bode, Acting CEO and President of Ondo Finance.
Ondo Global Markets issues the products, while investors can view holdings, weights and rebalances onchain.
Ondo Finance plans to add more tokenised portfolios as it expands its onchain investment product range.
Following the update, ONDO was trading up 26.8% at $0.5231.
