Ondo Adds Seven Tokenized Portfolios to MEW, Limits U.S. Access

Ondo Finance expanded access to its seven Intelligent Portfolios through MyEtherWallet (MEW) on Oct. 27, adding a wallet distribution channel while leaving U.S. users unable to mint or redeem them.

Each portfolio has its own onchain token representing a basket of assets. The offerings span income, allocation and thematic categories, and their holdings are rebalanced programmatically. These portfolio tokens are separate from Ondo (ONDO), the crypto asset.

The listed terms limit minting and redemption to eligible non-U.S. persons, subject to onboarding and jurisdictional restrictions. That means U.S. users cannot mint or redeem the portfolio tokens under those terms, even though MEW provides another distribution channel.

Ondo introduced the product on Sept. 24 with three portfolios based on strategies developed by BlackRock for Ondo. The initial portfolio launch preceded the expansion to the current seven offerings.