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2 clusters · 9 sources · 3 days · First seen · Last updated

Ondo Finance launch of BlackRock-based tokenized portfolios

Overview

Ondo Finance has introduced a new suite of onchain products called ‘Ondo Intelligent Portfolios’. This category includes three transferable peer-to-peer tokens: BLKHIon (High Income), BLKDIGon (Diversified Growth), and BLKGRWon (High Growth).

These tokens, issued by Ondo Global Markets (BVI) Limited, utilize investment strategies developed by BlackRock Fund Advisors. While the products are based on BlackRock’s model portfolio strategies, BlackRock does not manage, operate, or hold liability for the portfolios, nor does it handle tokenization, issuance, or custody. Investors hold securities issued by Ondo and do not possess ownership or voting rights in the underlying BlackRock funds.

Access to these offerings is restricted to eligible non-US investors in authorized jurisdictions, such as the United Kingdom and the European Economic Area. Participation by U.S. persons or those located in the United States is prohibited. The portfolios are designed to allow investors to access diversified strategies via wallets, exchanges, and DeFi applications, typically undergoing quarterly rebalancing.

Entities

BlackRock · Ondo Finance · Space Labs · Windsor Capital · Ondo Global Markets (BVI) Limited

Timeline

  1. [BUSINESS] 3 sources
    Ondo Finance launches onchain portfolio tokens using BlackRock strategies

    Ondo Finance has launched three onchain portfolio tokens using BlackRock-developed strategies for eligible non-U.S. investors, though BlackRock holds no management or liability for the products.

  2. [BUSINESS] 7 sources
    Ondo Finance launches BlackRock-backed tokenized portfolios

    Ondo Finance has launched ‘Ondo Intelligent Portfolios’, featuring three tokenized investment strategies developed by BlackRock for eligible non-US investors to access onchain.

Sources

archynewsy.com · cryptobriefing.com · evere.co · industry.co.id · theqldr.com.au · tokenpost.com · tradingview.com · tronweekly.com · world-today-news.com