Ondo Launches Portfolios Based on BlackRock Strategies as ONDO Gains 25.59%
The three tokenized products are available only to eligible non-U.S. investors in permitted jurisdictions.
Ondo Finance launched three tokenized portfolios based on investment strategies developed by BlackRock, expanding its blockchain offering from individual assets to packaged allocations.
The products — BLKHIon, Ondo High Income; BLKDIGon, Ondo Diversified Growth; and BLKGRWon, Ondo High Growth — each represent exposure to a basket of tokenized assets through a single transferable token. Holdings, target weights and rebalancing activity are visible onchain.
ONDO rose 25.59% on Sept. 24, closing at $0.518 after opening at $0.41246. The token’s daily trading volume was 80.39 million units.
The portfolios are available only to eligible investors outside the United States in permitted jurisdictions and are not available to U.S. investors.
BlackRock developed the portfolio strategies for Ondo, while Ondo determines how they are implemented, executes rebalancing and operates the onchain products. The launch extends Ondo’s tokenization model into multi-asset portfolio strategies.
