BlackRock model portfolios go onchain through Ondo Finance tokenization
Tech & Launches ·
BlackRock has tokenized three model portfolios in partnership with Ondo Finance, giving eligible non-US investors on-chain access to strategies the asset manager designed around baskets of ETFs.
The three portfolios, developed by BlackRock, will be tokenized by Ondo Finance and hold baskets of exchange-traded funds, according to The Wall Street Journal. The resulting products, branded Ondo Intelligent Portfolios, turn BlackRock's customized ETF strategies into transferable on-chain tokens rather than traditional fund shares.
Ondo has launched the three onchain portfolio tokens using the BlackRock-developed strategies, with access limited to eligible non-US investors, The Block reported. The tokenization structure allows the underlying ETF baskets to be represented as blockchain-based tokens that can be transferred, a mechanic distinct from how conventional model portfolios are held and distributed.
The move is being described as a step in the tokenization of real-world assets, with BlackRock's involvement lending institutional weight to the effort, per wublockchain.xyz. Ondo Finance is positioned as the technical partner executing the tokenization, while BlackRock supplies the underlying investment strategies for the three portfolios.
Coverage of the launch has been corroborated across seven distinct sources, with consistent details on the structure: three portfolios, ETF baskets, tokenization by Ondo, and availability restricted to non-US investors. The repetition of these specifics across outlets points to a coordinated announcement rather than a leak or speculative report.
Not yet detailed in the available material are the specific ETFs underlying each of the three portfolios, the fee structure for the tokenized products, the blockchain network on which the tokens will run, or a timeline for potential expansion to US investors. Whether other asset managers respond with similar tokenized offerings, and how regulators in relevant jurisdictions treat these transferable portfolio tokens, remain open questions.