Ondo launches onchain portfolio tokens based on BlackRock
RWA Signal Insight
Active StrategiesOndo Finance has launched three new onchain portfolio tokens, BLKHIon, BLKDIGon, and BLKGRWon, which utilize model portfolio strategies developed by BlackRock. These products allow eligible non-U.S. investors to gain exposure to diversified asset allocations through a single, transferable token rather than managing individual positions. The holdings, weights, and rebalancing activities for these portfolios are fully transparent and verifiable onchain. While BlackRock provides the nondiscretionary model portfolio strategies, it does not manage the onchain portfolios, custody assets, or handle the tokenization process. This launch marks a significant expansion for Ondo, which previously integrated BlackRock's BUIDL fund into its OUSG product. The move demonstrates how traditional institutional portfolio construction can be delivered through blockchain technology to enhance accessibility and DeFi interoperability. Despite ongoing internal leadership disputes at Ondo, the company continues to scale its tokenized offerings following the success of its $1 billion Ondo Stocks product.
Key points
- Ondo launched three portfolio tokens: BLKHIon, BLKDIGon, and BLKGRWon for non-U.S. investors.
- BlackRock provides nondiscretionary model portfolio strategies for the new Ondo-issued tokens.
- Tokens enable single-instrument exposure to diversified portfolios with full onchain transparency.
- Ondo previously achieved $1 billion TVL with its tokenized stock product line.
Background
Ondo Finance is a protocol focused on bridging traditional financial assets with blockchain technology by creating tokenized versions of real-world securities. It operates by issuing tokens that represent ownership in underlying assets, such as U.S. Treasuries or diversified investment portfolios, allowing for 24/7 transferability and integration into decentralized finance protocols.