Ondo Crypto Taps BlackRock Strategies for Tokenized Securities

Ondo Crypto has expanded its tokenized securities platform by launching three portfolios based on strategies developed by BlackRock. The three tokens are BLKHIon, BLKDIGon, and BLKGRWon, which track high-income, diversified-growth, and high-growth allocations respectively.

The initial products cover the Ondo High Income Powered by BlackRock strategy, the Ondo Diversified Growth strategy, and the Ondo High Growth strategy. Each portfolio's assets and target weights are set at inception by Ondo.

Ondo assigns the strategies to its portfolio-token structure and conducts rebalances following product rules. The company distinguishes strategy development from investment management, stating that BlackRock has no discretion over portfolio management and owes no fiduciary duty to token holders.