Ondo's Onchain Portfolios Carry the BlackRock Name, but Not Its Liability
- —Three tokens launched: BLKHIon, BLKDIGon and BLKGRWon for non-US investors
- —BlackRock provides model strategies but does not manage portfolios or update them
- —Strategies include BlackRock-sponsored funds that pay the firm management fees
- —Issuer is Ondo Global Markets (BVI); holders have no claim on underlying funds
Why it matters: The strategy-as-a-service model could spread to other asset managers, turning onchain distribution into a licensing market of its own.
Source: Crypto Briefing
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