BlackRock strategies power three new Ondo portfolio tokens

Ondo Finance has launched three onchain portfolio tokens based on investment strategies developed by BlackRock, giving eligible investors outside the United States access to each portfolio through a single token. Three portfolios offer high-income, diversified-growth, and high-growth strategies developed by BlackRock for Ondo. Ondo says the tokens provide economic exposure to their underlying baskets and can be transferred between wallets. The products are initially available to eligible investors outside the United States. ONDO traded near $0.497 on CoinGecko, up about 18% over 24 hours at the time checked. Ondo Finance announced the launch on Sep. 24, naming the products Ondo Intelligent Portfolios. BlackRock developed the three opening strategies for Ondo, while Ondo Global Markets issues the portfolio tokens.