Ondo Finance Launches Seven Intelligent Portfolios on Solana, Including Three Built on BlackRock Strategies
Ondo Finance has brought all seven Ondo Intelligent Portfolios to Solana, including three built on BlackRock strategies, for eligible investors outside the US.
Ondo Finance has launched its full lineup of seven Ondo Intelligent Portfolios on the @Solana blockchain, including three products built on strategies developed by @Blackrock. The move extends the tokenized portfolio range to a third network and gives $ONDO a larger presence in the $SOL ecosystem.
What Ondo Launched on Solana
According to a press release distributed on October 29, Ondo Intelligent Portfolios are professionally curated portfolios delivered as single onchain tokens. The release said the products had attracted more than $40 million in total value locked (TVL) in their first four weeks, before the Solana expansion.
The seven portfolios are split across income, growth and thematic strategies. Three portfolios use strategies developed by BlackRock for Ondo, while the remaining four are Ondo-designed products. The BlackRock-linked tokens are BLKHIon (High Income), BLKGRWon (High Growth) and BLKDIGon (Diversified Growth). The other four are MAG7Xon (Magnificent 7 and Crypto), BRAINon (AI Leaders), YLD5on and YLD8on (targeted income), according to Cryptonomist.
The BlackRock link is narrower than the headline suggests. Three of the products follow nondiscretionary allocation models BlackRock developed for Ondo, which implements and issues the tokens; BlackRock does not manage or sponsor them. That detail was reported by BigGo Finance.
How the Products Work and Who Can Buy
Each token holds a basket of Ondo Stocks and rebalances on a preset schedule through smart contracts. Portfolio holdings, weightings and rebalancing records can be checked on-chain, and tokens can be transferred 24 hours a day. Launch partners include Titan, 1inch, LI.FI and Jumper, Cryptowisser reported.
The products are not open to everyone. They are available to eligible investors in approved jurisdictions outside the US.
Ondo is also building on an existing Solana footprint. Ondo already reports more than $500 million in tokenized assets on Solana across its broader business, a separate figure from the new portfolio products. Ondo's stock and ETF platform first arrived on the network in January, when, per Ondo's own announcement, it brought more than 200 tokenized US stocks and ETFs to Solana.
On the outlook, Ondo says more portfolios are coming but hasn't given dates. The test will be Solana-specific inflows, secondary-market depth and how closely token prices track underlying portfolio values, BigGo Finance noted.
Sources
