After achieving total value locked (TVL) of more than $40 million in the first four weeks, all seven Ondo Intelligent Portfolios are now available to eligible investors via Solana wallets and apps.
/PRNewswire/ — Ondo Intelligent Portfolios, professionally curated investment portfolios each delivered as a single onchain token, are now available on Solana. All seven portfolios are now available to eligible investors (outside the US) through leading Solana wallets and apps.
Ondo IntelligentPortfolios democratize access to professionally compiled investment strategies and make them available onchain to almost every eligible investor with an internet connection and a wallet. Since their launch, the portfolios on Ethereum and BNB Chain have combined to reach a total value locked (TVL) of more than $40 million, making them among the largest tokenized portfolio products in the onchain space. With the expansion to Solana, Ondo Intelligent Portfolios are now available on a network where Ondo has already achieved a TVL of more than $500 million with tokenized assets.
There are currently seven portfolios available, covering income, growth and thematic strategies. More are planned:
- BLKHIon: Ondo High Income Powered by BlackRock
- BLKGRWon: Ondo High Growth Powered by BlackRock
- BLKDIGon: Ondo Diversified Growth Powered by BlackRock
- MAG7Xon: Ondo Magnificent 7 and Crypto Portfolio
- BRAINon: Ondo AI Leaders Portfolio
- YLD5on: Ondo 5 Targeted Income TR Portfolio
- YLD8on: Ondo 8 Targeted Income TR Portfolio
Three of the seven portfolios are based on portfolio strategies developed for Ondo by BlackRock, the world’s largest asset manager. The remaining four are Ondo-developed onchain portfolios based on some of the market’s most-watched themes, from Big Tech and artificial intelligence to targeted income strategies.
Tokenized stocks are booming on Solana
Solana has become one of the most important trading venues for tokenized stocks, with more than 1.6 million addresses holding tokenized stocks. Investors can trade tokenized stocks and ETFs inexpensively around the clock on Solana, using the same wallets and apps as for their other onchain activities.
Ondo is among the largest issuers of tokenized real-world assets on the network and has a TVL of more than $500 million on Solana. Ondo Stocks already offers investors on Solana access to hundreds of tokenized U.S. stocks and ETFs.
This is how it works: One token, one portfolio
Each Ondo Intelligent Portfolio bundles multiple assets into a single onchain token. All positions are visible and the portfolio is programmatically rebalanced, eliminating the need for investors to manually manage the underlying positions. The result is a broad investment opportunity in the form of a single token that investors can hold in their wallets and transfer like any other tokenized asset.
Why it matters: Professional, institutional-grade investment strategies for more investors
Diversified portfolios assembled by professional investment professionals have long been reserved primarily for institutional investors and investors with private asset managers. Everyone else had to put together their portfolio piece by piece from different accounts and assets.
Ondo Intelligent Portfolios are changing that. On Solana, every authorized investor with a wallet can now invest in a professionally compiled asset allocation via the apps they are already using. Investors receive a broadly diversified investment strategy, full transparency about each individual position and never have to carry out the rebalancing themselves.
“Ondo Intelligent Portfolios are designed to make professionally curated investment strategies accessible to any eligible investor with a wallet. Seven available portfolios with a TVL of more than $40 million in four weeks shows us that this is exactly what investors want,” said John Hoffman, Managing Director and Head of Portfolios at Ondo Finance. “By expanding to Solana, users of one of the most active onchain communities will gain access to these portfolios directly in the apps they already trade with on a daily basis. At the same time, each portfolio will be combinable with other applications and protocols across the Solana ecosystem. This is the foundation on which we will continue to build. More portfolios will follow.”
“Tokenized assets are among the fastest-growing categories on Solana. The demand for tokenized stocks shows that investors are also looking to invest in real-world assets onchain,” said Nick Ducoff, General Manager, Institutional, at the Solana Foundation. “With Ondo Intelligent Portfolios, investors can invest in a complete portfolio bundled in a single token, rather than individual assets. This is the next chapter of tokenization, and it’s happening on Solana.”
Ondo plans to expand its offering to include additional onchain portfolios over time. For more information about the seven available portfolios, visit app.ondo.finance.
Information about Ondo Finance
Ondo Finance is a blockchain-based platform focused on tokenizing real-world assets as well as providing institutional-grade financial products in the onchain space. By combining traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent and efficient.
Information about Ondo Stocks
Ondo Stocks (formerly known as Global Markets) is a platform for the issuance and redemption of tokenized US listed stocks and ETFs. It enables eligible investors outside the United States to participate economically in the performance of these assets through the issuance, transfer and redemption of security-backed tokens. Each token is fully backed by the corresponding stock or ETF (along with cash in the reconciliation).
Information about BlackRock
BlackRock’s mission is to help more people achieve financial well-being. As an investor-serving fiduciary and financial technology leader, we help millions of people build savings that will last them throughout their lives by making investing easier and more affordable. For more information about BlackRock, please visitwww.blackrock.com/corporate | Twitter: @blackrock | LinkedIn:www.linkedin.com/company/blackrock
Disclaimer
[*] The tokenized assets referred to herein (hereinafter collectively referred to as “Tokens”), namely (i) the tokenized stocks, tokenized ETFs and tokenized ADRs now referred to as Ondo Stocks and formerly referred to as Ondo tokenized stocks and ETFs or Ondo Global Markets Tokens (collectively, the “Ondo Stocks”), and (ii) USDY Tokens, have not been registered under the US Securities Act of 1933, as amended (the “Ondo Stocks”) “Law”) nor registered under the securities or financial instruments laws of any other jurisdiction. The Tokens may not be offered or sold in the United States or U.S. Persons unless registered under law or subject to an exemption from the registration requirement.In certain jurisdictions, including the United Kingdom, Switzerland and Singapore, Ondo Stocks and USDY Tokens are offered and sold exclusively to qualified investors or professional clients (or the relevant investor categories in each jurisdiction). Additional prohibitions and restrictions apply depending on the legal system. The issuer of the Tokens is not registered as an investment company under the US Investment Company Act of 1940, as amended, nor as an alternative investment fund or collective investment undertaking in securities in the EEA or under the securities or financial instruments laws of any other jurisdiction.
Ondo Stocks enable their holders to participate economically in the performance of the underlying assets, including dividends (less applicable withholding taxes). However, Ondo Stocks are neither stocks, ETFs nor ADRs and Ondo Stocks do not grant their holders any right to hold or receive the relevant underlying assets. The situation is similar with USDY tokens, which offer their holders an economic share in the performance of short-term U.S. Treasury securities, but USDY tokens themselves are not U.S. Treasury securities and do not grant their holders the right to hold or receive U.S. Treasury securities.
In the EEA/EU, a base prospectus for the tokens has been approved by the Liechtenstein Financial Market Authority (FMA) and sent to certain EEA member states (the “relevant EEA states”) at the issuer’s request. This makes many Ondo Stocks available to both professional and retail investors, although certain Ondo Stocks in the EEA/EU are only available to professional investors. The prospectus is published on the website of the respective token at app.ondo.finance. Approval of the prospectus should not be construed as an endorsement of the tokens. Investors residing in the EU/EEA should read the prospectus and relevant final terms and key information document (KID) for each relevant token before investing in order to fully understand the potential risks and rewards of their investment decision. This communication is a marketing communication and does not constitute a prospectus.
Certain Ondo Stocks (referred to as “digital securities” in the UAE) have been admitted to trading on Nest Exchange Limited, a multilateral digital asset trading platform operated by Binance on the Abu Dhabi Global Market (“ADGM”) and authorized by the Financial Services Regulatory Authority (“FSRA”). These digital securities can be traded by investors who are eligible to open a Binance account. The ADGM FSRA is not responsible for examining or reviewing any documents relating to the admission of these digital securities to trading on the ADGM. The FSRA has not approved the admission to trading documents or taken any steps to verify the information contained therein and accepts no responsibility therefor. No securities are offered for sale in the ADGM. Potential buyers of such digital securities admitted to trading should subject them to their own due diligence.
In the United Kingdom, communications contained herein may be classified as financial advertisements under Section 21 of the Financial Services and Markets Act 2000. To the extent such classification is made, communications contained herein are intended solely for investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the “FPO”) who are experienced in dealing with Ondo Stocks and USDY Tokens, high net worth entities within the meaning of Article 49 of the FPO and/or any other person to whom such communications may lawfully be communicated. Persons who do not fall into these categories are not authorized to act on the basis of the communications contained herein and must not rely on their contents. Ondo Global Markets (BVI) Limited will not enter into any agreement with any such person in relation to Ondo Stocks and USDY Tokens as a result of this or any other communication.
The tokens are issued by Ondo Global Markets (BVI) Limited, a company based in the British Virgin Islands. The OUSG Tokens are issued by Ondo I LP, a limited partnership based in Delaware (USA) (the “Fund”). Ondo Finance Inc., a company based in Delaware (USA), provides tokenization services to Ondo Global Markets (BVI) Limited and is a shareholder in Ondo Global Markets (BVI) Limited.
The communications contained herein are intended solely for authorized purchasers of the Tokens or concern actual or potential business relationships or technical integrations related to the Tokens. Nothing in this document constitutes an offer to sell or a solicitation of an offer to purchase Tokens. Nothing in this document constitutes investment, legal, tax or financial advice. The acquisition of theToken comes with risks. A holder of the tokens can suffer losses, up to and including the total loss of the purchase price. Past performance is not an indicator of future results. Investors are responsible for conducting their own research, investigations and reviews or for obtaining professional or investment advice.
Communications contained herein may contain forward-looking statements, including, without limitation, statements regarding the future financial performance, business strategies or expectations regarding the growth or development of Ondo Finance, Ondo Global Markets (BVI) Limited or their respective affiliates (each a “Covered Entity”). These statements are based on management’s current expectations, estimates, forecasts and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by terms such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” or the negative of these terms or similar expressions. Factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental and technological factors affecting a covered company’s business, markets, products, services or prices. No covered entity undertakes to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
The Token Issuers, their affiliates, their respective shareholders and members, and their respective directors, officers, employees, consultants, agents and representatives (the “Ondo Persons”) do not endorse, make any representations or warranties of any kind, express or implied, with respect to any third party products, services or technologies mentioned herein (including, without limitation, warranties of merchantability, fitness for a particular purpose or non-infringement) AND THE ONDO PERSONS SHALL HAVE NO LIABILITY IN CONNECTION WITH ANY USE OF SUCH THIRD PARTY PRODUCTS, SERVICES OR TECHNOLOGY BY ANY PERSON.
Additional terms and restrictions apply. Further details can be found at docs.ondo.finance/legal/terms-of-service, docs.ondo.finance/ondo-stocks, ondo.finance/stocks, app.ondo.finance and (if applicable) in the token offering documents.
BlackRock Fund Advisors (“BlackRock”) is not an investment advisor, sub-adviser, portfolio manager, manager, sponsor, promoter, underwriter, marketer, or distributor of the Onchain Portfolios or the Tokens, nor does it manage or exercise discretion over the management of the Onchain Portfolios. BlackRock’s role is limited solely to providing one or more discretionary portfolio strategies (“Portfolio Strategies”) to Ondo Global Markets (BVI) Limited (“Ondo”) based on inputs provided by Ondo to BlackRock. BlackRock does not select, endorse or recommend any Onchain Portfolios or assets held in an Onchain Portfolio, or make any investment decisions with respect to any Onchain Portfolios or their assets. Each onchain portfolio may differ from the corresponding portfolio strategy for various reasons. BlackRock has no obligation to provide any updates to the relevant portfolio strategy following the initial submission of the portfolio strategy to Ondo, except in certain exceptional circumstances. Whether a related onchain portfolio is updated accordingly is at Ondo’s discretion. As a result, Onchain Portfolios may not reflect market changes or other events and may not be updated in accordance with portfolio strategies. BlackRock does not have any investment advisory, investment management, fiduciary, client or other business relationship with, and has no responsibilities or obligations to, existing or potential investors in the Tokens or Onchain Portfolios. The portfolio strategies are not tailored to the needs of individual investors and do not take into account the individual needs, objectives or risk tolerance of individual investors or potential investors. BlackRock has not prepared or approved this document or any other offering and marketing materials and is not responsible for the tokenization, issuance, distribution, custody or operation of the Tokens or the Onchain Portfolios. BlackRock is not making an offer to sell any securities or soliciting an offer to buy any securities. Investing in the Tokens involves risks, including possible loss of capital invested, and past performance is not an indicator of future results.
Investors have no right, title, interest or other interest in or to any funds or securities underlying any Onchain Portfolio (the “Underlying Funds”), nor any recourse against the managers of such Underlying Funds, and such Funds will not be offered, marketed or distributed to investors, directly or indirectly, through BlackRock’s or Ondo’s Tokens or Onchain Portfolios. The tokens represent separate and distinct securities issued by Ondo and do not constitute any interest in the underlying funds.
The Portfolio Strategies include funds established and managed by BlackRock and its affiliates that pay fees to BlackRock and its affiliates for providing management, administration or other services. Accordingly, BlackRock has a potential conflict of interest in providing the portfolio strategies because investing the Onchain Portfolio in such funds will increase the compensation of BlackRock and its affiliates. BlackRock has an interest in offering a portfolio strategy that includes funds that would result in increased compensation paid to BlackRock and its affiliates by those funds.
For additional information about BlackRock, including Form ADV, please visit the U.S. Securities and Exchange Commission’s Investment Adviser Public Disclosure website at https://adviserinfo.sec.gov.