Ondo Finance has rolled out three new on-chain portfolio products based on investment strategies developed by BlackRock as part of its push to bring traditional portfolio management strategies to the blockchain.
The new products are part of Ondo’s Intelligent Portfolios suite.
BlackRock-Based Portfolios
According to the official blog post, each portfolio is packaged into a single on-chain token, which allows investors to gain exposure to a basket of assets without having to buy and manage each position separately. The first three products are Ondo High Income Powered by BlackRock, Ondo Diversified Growth Powered by BlackRock, and Ondo High Growth Powered by BlackRock. The portfolios are built around strategies developed by the asset management giant specifically for Ondo.
The portfolios cover different investment goals. High Income follows a global income strategy, while Diversified Growth uses a diversified allocation. Meanwhile, High Growth is designed around a higher-growth allocation. Ondo revealed that the portfolios will have set asset allocations and target weights when launched and will then be rebalanced on a fixed schedule. The process is handled programmatically.
The underlying positions are built using Ondo Stocks, which is the company’s platform for tokenized equities and exchange-traded funds. These assets are backed by real securities and sourced through traditional market liquidity. The company also revealed that the portfolio allocation, rebalancing, and fee rules are encoded into smart contracts, meaning investors do not need to manually adjust their holdings when the portfolio changes.
The products will be available around the clock, subject to geographic and regulatory restrictions. Their token-based structure also allows them to be transferred and used across supported DeFi applications.
Ondo Founder Dies at 32
Ondo has faced a major leadership change this year after the unexpected death of founder and CEO Nathan Allman at the age of 32. The company did not disclose the cause of death. Allman founded Ondo in 2021 after working on digital asset initiatives at Goldman Sachs.
Under his leadership, Ondo launched products including USDY, OUSG, and tokenized equities. The company credited him with helping build its position in the tokenized real-world asset sector. Following his death, Ondo appointed longtime President Ian De Bode as CEO. De Bode had previously overseen strategy, products, and daily operations for more than two years.
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Source: https://cryptopotato.com/ondo-finance-unveils-blackrock-backed-on-chain-portfolios-for-investors/
