BlackRock-Powered Ondo Tokens Launch with 18% Price Surge

Ondo Finance has launched three on-chain portfolio tokens using investment strategies built by BlackRock.

The tokens, called Ondo Intelligent Portfolios, are currently available to eligible investors outside the United States and include a high-income portfolio (BLKHIon), a diversified-growth portfolio (BLKDIGon), and a high-growth portfolio (BLKGRWon).

Each token gives holders economic exposure to a basket of underlying assets, which can be inspected on-chain at any time.

The high-income strategy focuses on bonds, while the two growth strategies mix exposure across stocks, bonds, and Bitcoin exchange-traded funds.

Ondo Finance's ONDO token price has surged 18% in the past 24 hours to $0.497, with a seven-day increase of 34%.