BlackRock-Backed On-chain Portfolios Launched by Ondo Finance

Ondo Finance has introduced three on-chain portfolio products backed by BlackRock's investment strategies.

The new portfolios, part of Ondo's Intelligent Portfolios suite, are packaged into single on-chain tokens allowing investors to gain exposure to a basket of assets without managing each position separately.

The three products are Ondo High Income Powered by BlackRock, Ondo Diversified Growth Powered by BlackRock, and Ondo High Growth Powered by BlackRock. They cover different investment goals: global income strategy for High Income, diversified allocation for Diversified Growth, and higher-growth allocation for High Growth.

The portfolios have set asset allocations and target weights when launched, which are then rebalanced on a fixed schedule handled programmatically using smart contracts. The underlying positions are built using Ondo Stocks, the company's platform for tokenized equities and exchange-traded funds backed by real securities and sourced through traditional market liquidity.