- BlackRock has developed three investment portfolio strategies that Ondo Finance is bringing onchain as tokenized products for eligible investors outside the US.
BlackRock Inc. (NYSE: BLK) is expanding its push into blockchain-based finance with three investment portfolio strategies now available as single onchain tokens through Ondo Finance. Ondo launched the products Sept. 24 under the name Ondo Intelligent Portfolios, using portfolio strategies developed by BlackRock specifically for Ondo. The products are available to eligible investors outside the US in permitted jurisdictions.
The launch takes tokenization beyond individual securities and into portfolio construction. Rather than representing exposure to one stock, bond or fund, each token represents a basket of investments managed according to a defined strategy.
The three initial products are Ondo High Income Powered by BlackRock (BLKHIon), Ondo Diversified Growth Powered by BlackRock (BLKDIGon) and Ondo High Growth Powered by BlackRock (BLKGRWon).
BlackRock developed the portfolio strategies, while Ondo says it manages, sponsors and administers the resulting products. That means the tokens should not be confused with BlackRock-issued funds simply being placed on a blockchain.
How BlackRock's Tokenized Portfolios Work
The products are designed to package a multi-asset investment strategy into a single blockchain-based instrument. Instead of buying and maintaining multiple underlying positions, an eligible investor can hold one portfolio token representing the strategy.
Ondo says the first three portfolios are built into single onchain tokens and represent the first time these BlackRock-developed portfolio strategies have been made available to onchain investors.
The three strategies have different objectives. BLKHIon focuses on high income, BLKDIGon targets diversified growth and BLKGRWon is designed around higher-growth exposure.
The structure also connects traditional portfolio management with decentralized finance, or DeFi, where blockchain-based applications can provide financial functions through smart contracts.
Ondo says the portfolio tokens can be used within compatible onchain applications, including as collateral in certain DeFi markets. Availability depends on the relevant platform, jurisdiction and applicable restrictions.
The products are initially available on Ethereum and BNB Chain, according to Ondo, with additional blockchain support planned.
The distinction between tokenization and cryptocurrency is also important. BlackRock's explanation of tokenization describes it as a digital representation of ownership or exposure to an asset on a blockchain. The process can change how an asset is recorded, transferred and settled without necessarily changing the underlying investment itself.
That means a tokenized portfolio does not automatically become a cryptocurrency investment simply because its ownership or exposure is represented onchain.
For investors, the potential benefit is primarily the financial infrastructure around the investment. Blockchain can provide programmable transfers, transparent transaction records and the ability to connect traditional financial exposures with blockchain-based applications.
Why BlackRock Is Expanding Tokenization
The Ondo launch fits into a broader BlackRock tokenization strategy that has expanded across money-market funds, tokenized assets and blockchain-based financial infrastructure.
BlackRock launched its BUIDL tokenized fund in 2024 and has continued expanding its use of blockchain infrastructure. In August 2026, the asset manager announced two additional tokenized money-market products, extending blockchain-based functionality into its cash-management business.
BlackRock has also described tokenization as a potential evolution of financial-market infrastructure, pointing to features such as faster settlement, programmability, transparency and interoperability. The company cautions, however, that tokenization does not eliminate investment risk or automatically create liquidity.
The Ondo partnership applies that concept to a different layer of investing: portfolio construction.
A traditional model portfolio can require an investor to hold several securities or use a managed investment product. The Ondo structure instead packages a defined allocation into one token that can operate on blockchain infrastructure.
That creates a potential bridge between conventional asset management and DeFi platforms, where tokenized investment exposures could eventually interact with lending, collateral and other onchain financial applications.
The launch also fits Ondo's broader effort to bring traditional financial assets onto blockchain networks. The company has expanded beyond tokenized Treasuries into stocks, ETFs and other financial products, while building infrastructure for onchain trading and settlement.
For investors, however, the token format does not remove the risks associated with the underlying assets. A token representing a portfolio of stocks and ETFs can still decline when those investments lose value. Blockchain infrastructure also introduces additional considerations involving smart contracts, custody, liquidity, network dependencies and regulation.
That makes the BlackRock-Ondo launch less about creating a completely new type of investment and more about changing how traditional investment strategies can be packaged, transferred and used on blockchain networks.
The products are currently unavailable to US investors, which leaves regulatory access as an important limitation of the rollout. Still, the launch provides another indication that major asset managers are testing blockchain not only as a market for cryptocurrencies but also as infrastructure for distributing conventional investment strategies.