Ondo and BlackRock Team Up as Remittix Pushes PayFi Forward
Ondo Finance's recent announcement that its new on-chain portfolio product will incorporate strategies developed by BlackRock has brought attention to ONDO. The connection is specific to the portfolio strategies for an Ondo product, not a statement that BlackRock bought ONDO tokens.
Remittix, another player in the PayFi space, offers buyers a different way to follow real-world finance moving toward crypto. Its PayFi platform allows local fiat to be delivered into compatible bank accounts after a supported crypto payment. BINANCE500 introduces a limited presale offer before the scheduled November 24 RTX debut.
The Ondo Intelligent Portfolios announcement describes transferable on-chain portfolio tokens based on strategies developed by BlackRock for Ondo. This is a concrete product update, showing how established portfolio construction can be represented in digital form for eligible users.