Ondo Launches BlackRock Portfolio Tokens, ONDO Jumps 27%
Ondo Finance has rolled out three tokenized portfolios based on BlackRock model strategies for non-US investors, and the ONDO token rose about 27% on the news.
Investors outside the US can now hold a BlackRock-designed portfolio as a single token. Ondo Finance has launched three onchain portfolio tokens built on model portfolio strategies developed by BlackRock. The market liked the news: the ONDO token rose about 27% to roughly $0.54 on Friday.
Meet the three tokens
- BLKHIon, which follows a High Income strategy
- BLKDIGon, which follows a Diversified Growth strategy
- BLKGRWon, which follows a High Growth strategy
How the portfolio tokens work
Ondo Global Markets issues the tokens, and Ondo Finance handles the tokenization. Each token stands for an entire portfolio, so an investor mints or redeems one token rather than buying and managing every position separately. The holdings, their weights and every rebalance can be seen onchain. The tokens can also move peer-to-peer between wallets, exchanges and DeFi protocols.
“Portfolios like these have never been available onchain,” said Ian De Bode, Ondo's Acting CEO. Lisa O'Connor, BlackRock's Global Head of Model Portfolio Solutions, said the launch “shows how established portfolio construction approaches can be delivered through new channels and technologies.”
Who is allowed to buy
The tokens are restricted to eligible investors outside the US who live in permitted jurisdictions. They add to a growing line-up at Ondo, whose tokenized stocks product has crossed $1 billion in total value locked within eight months. BlackRock, for its part, already runs BUIDL, its tokenized money-market fund launched in March 2024, and added two more tokenized money-market products in August.
What the ONDO rally means for Indian traders
ONDO is one of the best-known real-world-asset (RWA) tokens, and it tends to react sharply to partnership news like this. It is important to separate the two things, though. The portfolio tokens are their own products, and owning ONDO gives you no share in the BlackRock portfolios.
If you are thinking of buying after a 27% jump, first check whether the portfolio tokens are even offered in India. Also factor in tax: gains on ONDO are taxed at 30%, and 1% TDS applies. You can read more about how tokenization works in our guide.
FAQ
What did Ondo launch with BlackRock?
Three portfolio tokens, BLKHIon, BLKDIGon and BLKGRWon, each based on a BlackRock model portfolio strategy.
Why did the ONDO price go up?
ONDO gained about 27% to near $0.54 after Ondo launched the portfolio tokens built on BlackRock strategies.
Are Ondo's BlackRock tokens available in the US?
No. Only eligible investors outside the US, in permitted jurisdictions, can buy them.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
