Ondo Finance launches three BlackRock-backed on-chain portfolio products with automated rebalancing across income, growth, and diversified strategies.
Tech & Launches ·
BlackRock and Ondo launched three tokenized investment portfolios that bundle multiple assets into single tokens with automatic rebalancing, marking a shift from simply moving existing financial products onchain to creating instruments that function exclusively on blockchain infrastructure. The three strategies—designated for high income, diversified growth, and high growth—are available to eligible investors outside the US, with ONDO token gaining roughly 30% following the announcement. BlackRock licensed its portfolio strategies and brand to the offering while Ondo handled the technical infrastructure and regulatory exposure, establishing a structural model likely to be replicated as more asset managers move onchain.