Ondo Finance has launched a new line of onchain investment products built using model portfolio strategies developed by asset management giant BlackRock. The three “Ondo Intelligent Portfolios” were introduced on September 24, 2026, marking a significant step in the integration of traditional financial strategies with onchain infrastructure.
The products—Ondo High Income (BLKHIon), Ondo Diversified Growth (BLKDIGon), and Ondo High Growth (BLKGRWon)—are available to eligible non-U.S. investors on Ethereum and BNB Chain. They are designed to give investors exposure to a diversified basket of assets through a single, transferable token.
Ondo Finance unveils BlackRock portfolios
This initiative combines BlackRock’s portfolio construction expertise with Ondo’s tokenization platform. BlackRock’s role is limited to providing nondiscretionary model portfolio strategies based on specifications from Ondo. The asset manager doesn’t handle the tokenization, issuance, or management of the onchain products themselves.
Ondo Finance sponsors and administers the portfolios, implementing the models provided by BlackRock. Investors mint a single token that represents a claim on the underlying basket of assets. Smart contracts then handle the rebalancing and fee logic according to a preset schedule. This entire process allows all holdings and transactions to be visible onchain.
“Portfolios like these have never been available onchain,” said Ian De Bode, Acting CEO and President of Ondo Finance. “Now, they are made accessible onchain, transferable at any time, and usable across DeFi.” This launch represents an important milestone in the development of onchain investment products.
BlackRock’s Global Head of Model Portfolio Solutions, Lisa O’Connor, commented on the collaboration. She noted that it shows how “established portfolio construction approaches can be delivered through new channels and technologies.”
A deepening relationship between Ondo and BlackRock
The launch of Intelligent Portfolios builds on an established relationship between the two firms. In March 2024, Ondo was one of the first major partners for BlackRock’s own tokenized money market fund, BUIDL.
At the time, Ondo announced plans to move a significant portion of the assets backing its OUSG token, which offers yield from U.S. Treasuries, into the BUIDL fund. This provided BUIDL with an immediate stream of institutional demand.
According to a September 23, 2026, holdings disclosure from Ondo, its position in the BlackRock BUIDL fund was valued at $101.7 million. This continued commitment signals a deeper strategic alignment between the organizations.
BlackRock is methodically expanding its footprint in the tokenization space, while Ondo has positioned itself as a key infrastructure provider. The protocol is capable of bringing traditional financial products onto public blockchains. The collaboration offers eligible investors access to diversified allocations through a single instrument, further solidifying expanding its footprint in digital assets.
The asset manager’s role remains focused strictly on providing the underlying model strategies, not managing the tokenized products. This distinction ensures the execution and distribution remain firmly within Ondo’s purview.
The growing ecosystem for tokenized real-world assets
Ondo’s new portfolios are the latest example of the rapidly expanding market for real-world assets (RWAs) onchain. The core goal is to bring traditional financial assets—like stocks and bonds—onto blockchains. They can then benefit from increased efficiency, transparency, and interoperability with decentralized finance (DeFi) protocols.
Ondo has been a major player in this sector, already offering over 450 tokenized stocks and ETFs through its Ondo Stocks platform. It also offers USDY, a token that provides exposure to short-term US Treasuries.
The new Intelligent Portfolios bundle these individual tokenized securities into a single product, simplifying the investment process for users. This approach enables a diversified portfolio within a single token that is transferable peer-to-peer.
This transferability allows the tokens to be used as collateral in DeFi lending markets. It bypasses many of the settlement delays and administrative costs associated with traditional finance.
However, direct minting and redemption of Ondo’s portfolio tokens require thorough onboarding, including identity verification and anti-money-laundering (AML) checks. Acquiring a token on a secondary market doesn’t automatically grant the holder direct redemption rights with Ondo. BlackRock’s Lisa O’Connor stated that tokenization creates new ways for portfolio strategies to be delivered, enabling eligible investors to access exposure to diversified allocations through a single digital instrument.
Product specifics and platform deployment
The three portfolios cater to different risk appetites, covering income, diversified growth, and high-growth strategies. For instance, the Ondo High Income (BLKHIon) portfolio features base allocations of 18% each to two specific funds.
These allocations go to the iShares High Yield Systematic Bond ETF and the iShares Investment Grade Systematic Bond ETF, which are tokenized by Ondo. These structured products offer predefined exposure to institutional-grade financial instruments.
While the products launched on Ethereum and BNB Chain, Ondo’s materials indicate that support for the Solana blockchain is “coming soon.” The company did not provide a specific launch date for Solana support, however.
Ondo Global Markets issues each portfolio token, and Ondo Finance stated it plans to add more onchain portfolios over time. This shows a commitment to expanding the tokenized product suite beyond the initial three offerings.
The announcement was met with a positive market reaction, underscoring the perceived value of the BlackRock partnership. The price of Ondo Finance’s native ONDO token rose approximately 18% in the 24 hours following the news, trading near $0.497 on September 24.