tokenization is arguably one of the most appealing value adds of the blockchain to people in and outside of crypto
it enables new ownership paths, and changes what you can do with your asset
@ondo just introduced three intelligent portfolios - three portfolio tokens based on strategies developed by BlackRock for Ondo, yes, that BlackRock
the big boys are here and tokenization of assets is at the forefront of a lot of institutional roadmaps
tokenization enables these portfolio tokens so that instead of managing individual positions yourself, a single token represents a weighted basket, with weights and rebalances all visible on the blockchain in real time
years ago we dreamed of institutions like blackrock deploying strategies on chain, and ondo is enabling the issuing and operations on the tech side
this is an incredibly tangible example of tradfi coming into "crypto", or moreso, onchain infrastructure
*access is limited to eligible non US investors in permitted jurisdictions, thanks to Ondo for supporting my coverage!
Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.
Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens.
The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, marking the first time eligible onchain investors can access exposure to such strategies through a single token.
1. BLKHIon: Ondo High Income Powered by BlackRock
2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock
3. BLKGRWon: Ondo High Growth Powered by BlackRock
Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, delivered as peer-to-peer transferable tokens from Ondo, these onchain portfolios become accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use.
“Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure. Diversified portfolio strategies can be incorporated into tokenized investment products, enabling eligible investors to access diversified allocations through a single instrument. It shows how established portfolio construction approaches can be delivered through new channels and technologies.” - Lisa O’Connor, Global Head of the Model Portfolio Solutions team and Co-CIO for Global Solutions within the Multi-Asset Strategies group at BlackRock
Ondo Intelligent Portfolios can unlock novel capabilities:
→ Programmatic rebalancing
→ Full composability with DeFi
→ Complete transparency onchain
→ Multiple asset classes in a single token
This is just the start for Ondo Intelligent Portfolios. The infrastructure is now in place for leading financial institutions to bring their asset allocation expertise onchain.