Ondo Finance has launched three investment portfolios designed by BlackRock as single tokens that investors can hold and transfer on a blockchain. The income, diversified-growth and high-growth strategies are available to eligible non-U.S. investors in permitted jurisdictions.
The tokens are BLKHIon (Ondo High Income), BLKDIGon (Ondo Diversified Growth) and BLKGRWon (Ondo High Growth), aimed respectively at income, a balance of growth and stability, and investors seeking higher potential returns while accepting more risk. Holdings are verifiable onchain, rebalancing can be done programmatically, and the tokens can be used as collateral or integrated with lending protocols and other onchain products.
The launch adds to Ondo’s tokenized-finance business. The article reports that the company has more than $3.5 billion in total value locked and lists over 440 tokenized securities through Ondo Stocks. It also recently became the first tokenization company to join DTCC’s Fund/SERV platform, which processes over 85% of U.S. mutual fund activity.
