Ondo Finance has launched Ondo Intelligent Portfolios, a range of investment portfolios that each come as a single onchain token.

The first three tokens use portfolio strategies that BlackRock built for Ondo.

Only eligible investors outside the United States, in permitted jurisdictions, can access the tokens.

Holders can move them between wallets, exchanges and decentralised finance (DeFi) apps.

The tokens give eligible investors another way to hold a professionally built portfolio.

Three tokens are available at launch. They are Ondo High Income (BLKHIon), Ondo Diversified Growth (BLKDIGon) and Ondo High Growth (BLKGRWon).

Together, they cover income, allocation and thematic strategies. Each name carries the “Powered by BlackRock” label.

BlackRock’s role is limited to supplying model portfolio strategies built to Ondo’s specifications.

Ondo Global Markets issues the tokens, and Ondo Finance tokenises them.

Each token gives holders economic exposure to a weighted basket of tokenised assets.

Investors mint or redeem one token. They do not need to buy, weight or rebalance each holding themselves. All holdings, weights and rebalances are visible onchain.

Ondo says rebalancing can run automatically through smart contracts. The tokens can also work with other onchain apps.

“Tokenisation creates new ways for portfolio strategies to be delivered through digital infrastructure,”

said Lisa O’Connor, Global Head of the Model Portfolio Solutions team at BlackRock.

“By incorporating strategies drawn on BlackRock’s longstanding portfolio construction experience into tokenised investment structures,

eligible investors in supported jurisdictions can obtain exposure to diversified portfolio allocations through a single token,”

said Ian De Bode, Acting CEO and President of Ondo Finance.

The company plans to add more onchain portfolios to the range over time.

Featured image: Edited by Fintech News Switzerland, based on image by Magnific.