Ondo launches BlackRock-based portfolio tokens
Ondo Finance launched three blockchain-native portfolio tokens on Sept. 24 based on BlackRock investment strategies—BLKHIon, BLKDIGon and BLKGRWon—providing on-chain exposure to income, diversified growth and aggressive growth allocations. Access is restricted to qualified investors outside the United States, and Ondo says investors can verify compositions and rebalancing on the blockchain. The announcement followed a Sept. 21 partnership with Alpaca for tokenized stocks and coincided with an ONDO token price spike to about $0.497 and cooling futures activity, with derivatives volume down to $476.02 million and open interest at $308.88 million. The platform also faces ongoing governance litigation after founder Nathan Allman's death.
Ondo launched three BlackRock-based portfolio tokens accessible to non-U.S. qualified investors
Context
Ondo launched three tokenized portfolios built on BlackRock strategies on September 24. Three days earlier Ondo partnered with Alpaca to tokenize stocks. The platform now faces governance litigation that could affect operations.
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