Strategy · CryptoSlate
Ondo unlocks BlackRock portfolio strategies, but only non-US traders benefit
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Ondo Finance launched three on-chain portfolio tokens on Sept. 24 using investment strategies BlackRock developed for the company.
Key facts
- Ondo Finance launched three on-chain portfolio tokens on Sept. 24 using investment strategies BlackRock developed for the company
- The first three products are Ondo High Income (BLKHIon), Ondo Diversified Growth (BLKDIGon) and Ondo High Growth (BLKGRWon)
- Ondo's legal disclosure calls each token a separate security issued by Ondo Global Markets (BVI) Limited
- Ondo's FAQ says direct minting and redemption require an eligible person outside the US to complete identity and anti-money-laundering checks
Summary
01 Ondo launched three tokenized portfolios based on BlackRock models, but Ondo issues and manages them. 02 The tokens offer basket exposure, not ownership rights in BlackRock funds or underlying securities. 03 Direct redemption requires eligible non-US onboarding, but other holders depend on secondary-market buyers. Only eligible non-US investors who complete onboarding can redeem the tokens directly with Ondo, according to its launch release and product terms.