BlackRock Brings Institutional Expertise to Ethereum Through Onchain Portfolio Tokens
BlackRock has taken its expertise in investment portfolio construction to Ethereum through a new class of onchain intelligent portfolio tokens. These tokens, launched by Ondo Finance, offer eligible non-US investors access to institutional-grade investment approaches with 24/7 trading and near-instant settlement.
The three tokens, BLKHIon, BLKDIGon, and BLKGRWon, map to distinct investment themes: income, diversified growth, and high-growth allocations. They are built on nondiscretionary portfolio allocation models specifically designed by BlackRock for Ondo Finance.
BlackRock's involvement carries significant weight, as the firm manages over $10 trillion in assets globally. The tokens currently operate on Ethereum and BNB Chain, with Solana support planned for a future rollout. This marks a notable step towards tokenized finance, where institutional-grade assets are accessible to a wider audience.