Ondo Launches Three BlackRock‑Backed Onchain Portfolio Tokens

Overview

• Ondo announced the launch on Sept. 24 of three Ondo Intelligent Portfolios named BLKHIon, BLKDIGon, and BLKGRWon that map to high‑income, diversified‑growth, and high‑growth BlackRock model strategies.
• Each portfolio token represents economic exposure to a basket of underlying assets and can be transferred between supported wallets or used in decentralized finance applications while holdings and scheduled rebalances remain visible onchain.
• The products are limited to eligible investors outside the United States and do not give token holders direct ownership of the underlying U.S. securities feeding the baskets.
• The ONDO governance token jumped about 18% in 24 hours around the announcement as traders noted a technical breakout and market activity briefly shifted, though derivatives volume and open interest showed recent cooling.
• The rollout builds on Ondo’s recent tokenization moves such as the Sept. 21 Alpaca partnership for converting stocks and ETFs into Ondo Stocks tokens, and it comes while the company faces an active legal dispute over control following founder Nathan Allman’s death.