Ondo Finance launches on-chain portfolios built on BlackRock strategies
- —Three portfolios launched Sept. 24: High Income, Diversified Growth and High Growth
- —Strategies developed by BlackRock, available only to non-US investors
- —Ondo's tokenized stock business topped $1 billion in TVL in eight months
- —Portfolios target 8% and 5% distributions; a Mag 7 portfolio holds ~15% BTC and 5% ETH
Why it matters: Single-token portfolios could serve as DeFi collateral and widen access to BlackRock-designed strategies.
Source: Cryptonews.net