Morning Minute: BlackRock Leans Deeper Into Tokenization with Ondo
BlackRock developed three portfolio strategies for Ondo that are now tokenized as single onchain products: BLKHIon, BLKDIGon, and BLKGRWon. Unlike prior tokenized funds or ETFs that wrap one asset, these tokens represent diversified allocations that can rebalance over time, with holdings and weights visible onchain and transferable peer-to-peer. They are available to eligible investors outside the U.S. The move extends BlackRock’s earlier tokenization efforts, including BUIDL and a tokenized S&P 500 ETF. Ondo said BlackRock only licensed its strategy and brand, while Ondo handles the product structure, distribution, and operational responsibility. The launch highlights a model where traditional asset managers supply expertise and branding while crypto firms provide the blockchain rails. ONDO rose about 30% on the news.
