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BlackRock and Ondo launch tokenized portfolio strategies that trade as one
The new setup packages each portfolio allocation into a single token that rebalances automatically and moves peer to peer between wallets.
Decrypt reports that major financial institutions are accelerating their push toward tokenization, moving beyond simply digitizing existing assets into building onchain products that function differently than brokerage holdings.
The outlet says BlackRock developed three portfolio strategies for Ondo, and each strategy now trades as a single token that includes an entire allocation.
According to Decrypt, the tokens can rebalance themselves and transfer peer to peer between wallets, with holdings, weights, and each rebalance visible onchain.
Decrypt also notes that BlackRock’s prior tokenization efforts include putting a BUIDL money market fund onchain in March 2024, and tokenizing BlackRock’s iShares Core S&P 500 ETF with Ondo alongside Micron shares in July.
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