Key facts
- BlackRock and Ondo Finance have launched three tokenized investment portfolios for non-U.S. investors.
- The portfolios include a mix of stocks, bonds, and Bitcoin ETFs.
- Ondo Finance will issue digital tokens that represent the performance of each portfolio.
- These tokens will rebalance automatically and can be traded peer-to-peer.
- BlackRock supplies the investment strategies and brand, while Ondo provides the infrastructure and distribution.
BlackRock, the world's largest asset manager, has launched three tokenized investment portfolios in partnership with Ondo Finance. These offerings are designed for eligible investors outside the U.S. and aim to provide exposure to a mix of traditional assets like stocks, bonds, and Bitcoin ETFs through single, self-rebalancing tokens. The three tickers are BLKHIon for high income, BLKDIGon for diversified growth, and BLKGRWon for high growth. This move signifies BlackRock's continued expansion into the tokenization space, following its earlier initiatives with tokenized money market funds and ETFs. Ondo Finance's disclosures indicate that BlackRock is not acting as the investment adviser or manager, but rather licensing its intellectual property and brand to the crypto product, with Ondo handling the operational and regulatory responsibilities. This structure allows BlackRock to leverage its brand while minimizing direct operational exposure.