Ondo Finance Unveils BlackRock-Backed On-chain Portfolios for Investors

Ondo Finance is bringing BlackRock portfolio strategies to blockchain through three tokens covering income, diversified growth, and high growth. Ondo Finance has rolled out three new on-chain portfolio products based on investment strategies developed by BlackRock as part of its push to bring traditional portfolio management strategies to the blockchain. The new products are part of Ondo’s Intelligent Portfolios suite. BlackRock-Based Portfolios According to the official blog post, each portfolio is packaged into a single on-chain token, which allows investors to gain exposure to a basket of assets without having to buy and manage each position separately. The first three products are Ondo High Income Powered by BlackRock, Ondo Diversified Growth Powered by BlackRock, and Ondo High Growth Powered by BlackRock. The portfolios are built around strategies developed by the asset management giant specifically for Ondo. The portfolios cover different investment goals. High Income follows a global income strategy, while Diversified Growth uses a diversified allocation. Meanwhile, High Growth is designed around a higher-growth allocation. Ondo revealed that the portfolios will have set ass...