Ondo and BlackRock introduce tokenized investment portfolios

Ondo Finance has launched 'Ondo Intelligent Portfolios,' a product that brings investment strategies developed by BlackRock to a tokenized format. These portfolios consist of a weighted basket of tokenized stocks and ETFs, allowing investors to gain economic exposure to the underlying assets without direct ownership. Ondo manages the on-chain execution, rebalancing, and issuance of the tokens, while BlackRock acts as the model provider.