Ondo Finance Launches MAG7X Token Combining Big Tech Stocks With BlackRock Bitcoin and Ethereum ETFs

Ondo Finance has launched MAG7X, an index token that provides unified onchain exposure to the Magnificent 7 technology companies alongside BlackRock's iShares Bitcoin Trust and iShares Ethereum Trust. This product is part of the expanded Ondo Intelligent Portfolios lineup, which grew from three to seven strategies on October 1 to include AI and income-focused options. By utilizing the Ondo Stocks infrastructure, the token allows for 24/7 trading, minting, and redemption across Ethereum, BNB Chain, and Solana, bypassing traditional stock market hours. Each token represents a weighted basket of assets with transparent onchain visibility, enabling investors to gain diversified exposure without managing individual positions. The launch highlights a growing trend of packaging traditional equities and crypto assets into single, tradable onchain instruments. Ondo Finance currently reports over $500 million in total value locked on Solana, contributing to its broader ecosystem that previously surpassed $1 billion in total value locked across its tokenized equities platform. While the product offers economic exposure to underlying assets, access remains restricted for U.S. persons due to securities regulations.