Key facts
- BlackRock is launching three tokenized investment portfolios: high growth, diversified growth, and high income.
BlackRock has partnered with Ondo Finance to launch three tokenized investment portfolios on the blockchain. The portfolios will offer exposure to stocks, bonds, and Bitcoin ETFs, initially for non-U.S. investors, with 24/7 trading capabilities.
The partnership between BlackRock and Ondo Finance signifies a major step in the tokenization of traditional assets, potentially increasing accessibility and liquidity for investors in a wider range of investment products.
BlackRock, the world's largest asset manager, has entered into a partnership with Ondo Finance to launch three tokenized investment portfolios. These portfolios, designed for high growth, diversified growth, and high income, will be available on-chain and will comprise a mix of stocks, bonds, and Bitcoin ETFs, tailored to investor profiles. This initiative represents BlackRock's ongoing efforts to bring its traditional investment products to the digital asset space, following its earlier launch of tokenized money market funds. Ondo Finance will issue tokens representing each portfolio's performance, with self-executing software ensuring investors gain exposure to the underlying assets upon purchasing the digital tokens. Initially, this offering will be accessible only to non-U.S. investors, who will benefit from 24/7 trading of these tokens. The partnership with BlackRock follows Ondo's recent collaboration with Near Protocol to launch tokenized stocks and ETFs. The ONDO token has seen a significant price rally, trading around $0.48 and up over 16% in the past 24 hours, and over 37% in the last week, despite a broader crypto market decline. This rally occurs amidst a succession crisis at Ondo Finance following the death of its founder, Nathan Allman, which has led to legal disputes over company control.
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