BlackRock and Ondo Launch Three Tokenized Portfolios for Non-U.S. Investors

BlackRock has partnered with Ondo Finance to launch three tokenized portfolios for non-U.S. investors: Ondo High Income (BLKHIon), Diversified Growth (BLKDIGon) and High Growth (BLKGRWon). Each packages a BlackRock-developed strategy into a single token using Ondo Stocks, tokenized equities and ETFs backed one-for-one by underlying securities. Target weights are set at inception, with scheduled rebalancing visible on-chain. The portfolios offer 24/7 on-chain access and use demand-driven token minting and redemption, resembling some ETF mechanics. However, how trading operates outside regular market hours, when underlying Ondo Stocks cannot be minted or redeemed, remains unclear. The launch extends asset managers’ push into tokenized investments, following Franklin Templeton’s partnership with Ondo to tokenize five U.S.-listed ETFs. Tokenized money market funds remain the most established use case cited.