Ondo Launches BlackRock-Inspired Tokens for Non-US

Ondo Finance has launched three new on-chain portfolio tokens, leveraging investment strategies developed by BlackRock. These tokens, named Ondo High Income, Ondo Diversified Growth, and Ondo High Growth, offer economic exposure to diversified baskets of assets, including tokenized equities and ETFs.

Crucially, these tokens are classified as securities issued by Ondo Global Markets, not direct investments in BlackRock funds. While the underlying strategies originate from BlackRock Fund Advisors, Ondo independently manages the implementation and rebalancing of these portfolios. BlackRock provides model allocations but has no direct role in managing the on-chain portfolios or fiduciary duties to token holders.

Access to minting and direct redemption of these tokens is restricted to eligible non-US investors who complete a rigorous onboarding process, including identity verification and anti-money laundering checks. This measure screens for US persons, restricted jurisdictions, and prohibited individuals. Although the tokens are transferable on-chain, possessing them does not automatically grant redemption rights without completing the required onboarding.