ONDO Finance launches BlackRock-backed portfolios as ONDO rallies over 18%

While most risk assets were getting punished by surging Treasury yields, ONDO decided to go the other direction entirely. The token rallied roughly 18-22% within 24 hours of Ondo Finance unveiling its new product line, a set of onchain portfolio tokens built on model strategies supplied by BlackRock. The timing is either spectacularly bold or spectacularly well-planned. US 10-year Treasury yields spiked to approximately 5.14%, their highest level in 19 years, while 30-year yields climbed to levels not seen since 2004. ONDO’s trading volume blew past $600 million in a single day anyway. What Ondo actually launched The new product, called Ondo Intelligent Portfolios, consists of three tokenized portfolio strategies. BLKHIon targets high income, BLKDIGon aims for diversified growth, and BLKGRWon is built for high growth. Each is a single transferable token that represents economic exposure to a weighted basket of tokenized assets. Holdings, weightings, and rebalances are all visible in real time. Investors can mint, redeem, and move these tokens across wallets, exchanges, and DeFi protocols without calling a broker or waiting three business days for settlement. The portfolios are avai...