Ondo Launches Three BlackRock‑Built Onchain Portfolio Tokens

Overview

• Ondo Finance announced the rollout of three Ondo Intelligent Portfolios on Sept. 24, issuing single onchain tokens that track curated investment strategies developed by BlackRock.
• Each portfolio token gives holders economic exposure rather than direct ownership of every security, and investors can view holdings, target weights and scheduled rebalances onchain at any time.
• The three opening products are BLKHIon for high income, BLKDIGon for diversified growth, and BLKGRWon for high growth, with allocations that may include bonds, U.S. stocks and bitcoin exchange‑traded funds depending on the strategy.
• The portfolios are available only to eligible non‑U.S. investors under current product terms, and Ondo is building U.S. infrastructure for future activity while separately offering an institutional stock‑to‑token conversion route with Alpaca announced on Sept. 21.
• Markets reacted quickly: ONDO’s token price jumped about 18% near the launch, but the company also faces an active court dispute over control following founder Nathan Allman’s death, a legal risk that could shape the firm’s strategy and product rollout.