Ondo Brings BlackRock Strategies to Crypto Traders, Excludes US Investors
Ondo Finance has launched three on-chain portfolio tokens that give buyers economic exposure to diversified baskets. The tokens, which are securities issued by Ondo, not interests in BlackRock funds, draw on investment strategies developed by BlackRock for Ondo.
The first three products are Ondo High Income (BLKHIon), Ondo Diversified Growth (BLKDIGon) and Ondo High Growth (BLKGRWon). They track equities and exchange-traded funds through tokenized assets and rebalance the portfolios on a preset schedule, according to Ondo's launch explanation.
BlackRock Fund Advisors supplies model allocations to Ondo but does not make investment decisions for the on-chain portfolios. Ondo decides how to implement the models and manages, sponsors, and administers the products.