Coinbase · Tokenization · U.S. Treasury · CoinDesk
Digital asset manager Bitwise introduced Automated Token Portfolios with Coinbase (COIN) and a16z-backed Glider in August
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Ondo wraps the portfolio exposure into a single transferable token.
Key facts
- This is an excerpt from CoinDesk's new ‘ Tokenization Weekly’ n ewsletter that will be launching soon
- BlackRock, the world's largest asset manager, offered a glimpse of what that could look like with Ondo Finance via Intelligent Portfolios, packaging professionally constructed investment strategies
- As Staudt put it: “It's sort of taking democratization to the next level
- Dan Romero, chief business officer at Stripe-backed blockchain Tempo, told CoinDesk he sees tokenization trailing by a few years the disruption that stablecoins brought
Summary
This is an excerpt from CoinDesk's new ‘ Tokenization Weekly’ n ewsletter that will be launching soon. For most investors, building a portfolio still means either buying a collection of stocks, bonds and funds themselves or handing the job to an asset manager. BlackRock, the world's largest asset manager, offered a glimpse of what that could look like with Ondo Finance via Intelligent Portfolios, packaging professionally constructed investment strategies into individual tokens on the blockchain. The three portfolios, developed by BlackRock for Ondo, combine different assets into strategies focused on high income, diversified growth and high growth. But putting the portfolio itself onchain potentially gives it characteristics that traditional structures don't have.