Ondo Finance released three tokenized portfolio products on September 24, utilizing investment allocation models developed by BlackRock. The new tokens, named BLKHIon, BLKDIGon, and BLKGRWon, represent income, diversified growth, and high-growth strategies respectively.
The tokens are currently available on Ethereum and BNB Chain, with plans to expand to the Solana network. Ondo Global Markets manages the issuance and oversight, while smart contracts handle automatic rebalancing of the underlying tokenized equities and ETFs.
These assets are available exclusively to non-US investors. Unlike traditional ETFs that trade during market hours and settle on T+1 timelines, these tokens offer 24/7 trading and near-instant settlement without intermediaries.
Following the announcement, the ONDO token price increased between 18% and 30%. Additionally, the number of active addresses on the Ethereum network rose by approximately 30% during the same period.
