- Major financial institutions are partnering to develop and participate in tokenized asset markets and money market funds.
- Financial firms like BlackRock, Kraken, and Robinhood are expanding into tokenized assets and digital money market strategies across Europe.
Ondo Launches Tokenized Portfolios Using BlackRock Strategies
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New informationRepeats or wire copies
What happened
Ondo Finance launched Ondo Intelligent Portfolios, a new category of onchain products delivered as single transferable tokens. These portfolios are based on portfolio strategies developed by BlackRock for Ondo and are available to eligible non-US investors in permitted jurisdictions. The tokens allow for automatic rebalancing and composability within the onchain economy.
From finanznachrichten.de
Why it matters
The launch allows investors to access professionally constructed, diversified strategies via a single token, a feature that traditionally required brokerage accounts and traditional fund structures. This move establishes infrastructure to bring portfolios based on leading asset managers' strategies onto the blockchain.
Financial firms like BlackRock are expanding into tokenized assets and digital money market strategies across Europe.
From finanznachrichten.de