After raking in over $40 million in TVL in the first four weeks, all seven Ondo smart wallets are now available to eligible investors through Solana wallets and apps.
/PRNewswire/ — Ondo Smart Wallets, professionally designed investment portfolios delivered as simple on-chain tokens, are now available on Solana. All seven wallets are now available to eligible investors (outside the US) through major Solana wallets and apps.
Ondo Smart Wallets democratize access to professionally developed investment strategies, making them available on-chain to almost any eligible investor with an internet connection and a digital wallet. Since launch, the wallets have exceeded $40 million in total value locked (TVL) on Ethereum and BNB Chain combined, making it one of the largest on-chain tokenized wallet products. With this launch on Solana, Ondo smart wallets are now arriving on a network where Ondo already holds over $500 million in TVL in tokenized assets.
Seven portfolios are currently available, covering revenue, growth and thematic exposure, with more planned:
- BLKHIon: Ondo High Income (haut rendement), géré par BlackRock
- BLKGRWon: Ondo High Growth (forte croissance), géré par BlackRock
- BLKDIGon: Ondo Diversified Growth (croissance diversifiée), géré par BlackRock
- MAG7Xon: Ondo Magnificent 7 et Crypto Portfolio
- BRAINon: Ondo AI Leaders Portfolio
- YLD5on: Ondo 5 Targeted Income TR Portfolio
- YLD8on: Ondo 8 Targeted Income TR Portfolio
Of these seven portfolios, three rely on portfolio strategies developed by BlackRock, the world’s largest asset manager, for use by Ondo. The other four are on-chain wallets designed by Ondo and built around some of the most followed themes in the market, ranging from big tech and artificial intelligence to targeted income.
Tokenized stocks take off on Solana
Solana has become one of the go-to platforms for tokenized stocks, with over 1.6 million addresses holding tokenized stocks. Investors trade tokenized stocks and ETFs 24 hours a day on Solana, at low cost and within the wallets and applications they already use for the rest of their on-chain activities.
Ondo is among the largest issuers of tokenized real assets on the network, with over $500 million in TVL on Solana, and through Ondo Stocks, investors on Solana have access to hundreds of tokenized US stocks and ETFs.
How it works: one token, one wallet
Each Ondo smart wallet combines multiple assets into a single on-chain token. Every position is visible and the portfolio is rebalanced automatically, so investors don’t have to manually manage a basket of underlying securities. This results in diversified exposure to a single token that investors can hold in their digital wallets and transfer like any other tokenized asset.
Why it matters: Institutional-quality investment, open to more investors
Diversified portfolios designed by professional allocators have long been offered primarily to institutions and investors with wealth managers. Everyone else had to build their portfolio little by little, through different accounts and assets.
Ondo smart wallets have reshuffled the cards. On Solana, an eligible investor with a digital portfolio can now hold the same type of professionally crafted allocation through the apps they already use. It benefits from diversified exposure, complete visibility on each holding and rebalancing that it no longer manages.
“Ondo Smart Wallets were designed to put professionally crafted investment strategies within reach of all eligible investors with a digital wallet, and the seven active portfolios totaling over $40 million in TVL in four weeks tell us that’s exactly what investors are looking for,” said John Hoffman, Managing Director and Head of Portfolios at Ondo Finance. “Developing on Solana makes it possible to offer this access to one of the most active on-chain user bases, within the applications they already use on a daily basis, and to build their portfolio across the entire Solana ecosystem. We will continue to build on this foundation, with other portfolios to come.”
“Tokenized assets are one of the fastest growing on Solana, and the demand for tokenized stocks shows that investors want concrete on-chain exposure,” said Nick Ducoff, institutional managing director of the Solana Foundation. “With Ondo smart wallets, investors can go beyond individual assets and hold an entire portfolio in a single token. This is the next chapter in tokenization, and it’s being written on Solana.”
Ondo plans to continue expanding its lineup with additional on-chain wallets. To explore the seven active wallets and learn more, visit app.ondo.finance.
About Ondo Finance
Ondo Finance is an on-chain platform focused on tokenizing real-world assets and bringing institutional-grade financial products on-chain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, more transparent and more efficient.
À propos d’Ondo Stocks
Ondo Stocks (formerly Global Markets) is a platform for issuing and repurchasing tokenized US listed stocks and exchange-traded funds. It gives eligible investors located outside the United States the opportunity to gain economic exposure to these assets by issuing, transferring and redeeming security-backed tokens. Each token is fully backed by the corresponding stock or exchange-traded fund (as well as any cash being transferred).
About BlackRock
BlackRock’s mission is to enable as many people as possible to access financial well-being. As an investor agent and a leading player in the field of financial technology, we ensure that millions of people can build savings that will serve them throughout their lives, by making investing simpler and more affordable. For more information about BlackRock, visit www.blackrock.com/corporate| Twitter: @blackrock | LinkedIn:www.linkedin.com/company/blackrock
Disclaimer
[*] The tokenized assets referred to herein (i.e. (i) the tokenized stocks, tokenized ETFs and tokenized ADRs now called Ondo Stocks, and formerly known as Ondo Tokenized Stocks and ETFs or Ondo Global Markets tokens, (collectively, the “Ondo Stocks”) and (ii) USDY tokens (collectively, the “Tokens”) have not been registered under the Act Securities Act of 1933, as amended (the “Act”) or the securities or financial instruments laws of another jurisdiction. Tokens may not be offered or sold in the United States or to United States persons unless they are registered under the Act or qualify for an exemption from the registration requirements.In certain jurisdictions, including the United Kingdom, Switzerland and Singapore, Ondo Stocks and USDY tokens are offered and sold only to qualified investors or professional clients, as applicable (or the equivalent in that jurisdiction). Other jurisdictional prohibitions and restrictions apply. The issuer of the tokens is not registered as an investment company under the Investment Company Act of 1940, as amended, or as an alternative investment fund or collective securities investment undertaking in the European Economic Area, or under the securities or financial instruments laws of any other jurisdiction.
Ondo Stocks provides its holders with economic exposure to the value of their underlying assets, including the value of dividends (less applicable withholding taxes). However, Ondo Stocks tokens are not themselves stocks or ETFs, and they do not grant their holders the right to hold or receive their respective underlying assets. Similarly, USDY tokens provide their holders with economic exposure to short-term U.S. Treasury securities, but USDY tokens are not themselves U.S. Treasury securities and do not entitle their holders to hold or receive U.S. Treasury securities.
In the EEA/EU, a base issue prospectus relating to the tokens has been approved by the Liechtenstein Financial Markets Authority (FMA) and notified, at the request of the issuer, to certain EEA Member States (the “Relevant EEA States”), thereby making many Ondo Stocks tokens available to professional and retail investors, although certain Ondo Stocks tokens are only accessible to professional investors in the EEA/EU. The issue prospectus is published on app.ondo.finance, on the web page of each token concerned. Approval of the issue prospectus should not be construed as approval of the tokens. Before committing, investors residing in the EU/EEA should read the issuance prospectus, as well as the final conditions and the KID applicable to each token concerned, in order to fully understand the potential risks and rewards associated with their investment decision. This notice is a marketing press release and does not constitute an issue prospectus.
Certain Ondo Stocks tokens (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 (the “FSRA”). These digital securities are available for trading to eligible investors with a Binance account. The ADGM FSRA is not responsible for reviewing or verifying documents relating to the admission to trading of these digital securities on the ADGM. The FSRA has not approved the documents relating to the admission to trading, has not taken any steps to verify the information contained therein and assumes no responsibility for them. No offer of securities is made during the ADGM. Prospective purchasers of such digital securities admitted to trading should carry out their own due diligence on such digital securities.
In the United Kingdom, the announcements contained herein may be considered a financial promotion pursuant to section 21 of the Financial Services and Markets Act2000. To the extent that such a finding is made, the announcements contained herein are addressed only to investment professionals as defined in Section 19 of the Financial Services and Markets Act 2000 (the Financial Promotions Order 2005) (the “Financial Promotions Order) who have experience interacting with Ondo Stocks and USDY tokens, high net worth companies as defined in Section 49 of the FPO and/or any other person to whom a legal communication is authorized. Anyone who does not belong to these categories is not authorized to act on the basis of the announcements contained in this document and will not be able to rely on their contents. Ondo Global Markets (BVI) Limited will not enter into any agreements with such persons regarding Ondo Stocks tokens and USDY as a result of this or any other announcement.
The tokens are issued by Ondo Global Markets (BVI) Limited, a trading company in the British Virgin Islands. OUSG tokens are issued by Ondo I LP, a Delaware, United States limited partnership (the “Fund”). Ondo Finance Inc., a Delaware corporation, USA, provides tokenization services to and is a shareholder of Ondo Global Markets (BVI) Limited.
The announcements contained herein are directed only to eligible purchasers or actual or potential commercial relationships or technical integrations with respect to the Tokens. Nothing herein constitutes an offer to sell or a solicitation of an offer to buy any tokens. Nothing contained herein constitutes investment, legal, tax or financial advice. The acquisition oftokens carry risks. A token holder may suffer losses, including the complete loss of their purchase price. Past performance is not an indication of future results. It is the responsibility of investors to make their own research, investigation, verification, monitoring or consultation to obtain professional advice or investment advice.
These releases may contain forward-looking statements, including, but not limited to, statements regarding the future financial performance, business strategies or growth or development expectations of Ondo Finance, Ondo Global Markets (BVI) Limited or their respective subsidiaries (each a “Relevant Entity”). These statements are based on management’s current expectations, estimates, projections 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 the use of words such as “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, future and conditional tenses, or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated in the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental and technological factors affecting a Relevant Entity’s operations, markets, products, services and prices. No Relevant Entity undertakes any obligation 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 stakeholders and members and their respective directors, officers, employees, consultants, agents and representatives (the “Ondo Persons”) do not endorse or make any representations or warranties whatsoever (express or implied, including, but not limited to, any warranties of merchantability, fitness for a particular purpose or non-infringement) regarding, and NO ONDO PERSONS SHALL HAVE THE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE’S USE OF ANY third party products, services or technologies referenced herein.
Additional conditions and restrictions apply. See docs.ondo.finance/legal/terms-of-service, docs.ondo.finance/ondo-stocks, ondo.finance/stocks, app.ondo.finance and (if applicable) and token offering documents for further details.
BlackRock Fund Advisors (“BlackRock”) is not the investment advisor, sub-advisor, portfolio manager, manager, sponsor, promoter, underwriter, marketer, or distributor of the on-chain wallets or tokens, does not manage the on-chain wallets, and does not exercise discretion over them. BlackRock’s role is limited exclusively to providing one or more non-discretionary model portfolio strategies (“Portfolio Strategies”) to Ondo Global Markets (BVI) Limited (“Ondo”) based on specifications provided by Ondo to BlackRock. BlackRock does not select, approve, recommend or make any investment decisions with respect to an on-chain portfolio or the assets held by an on-chain portfolio, and any on-chain portfolio may differ from the corresponding portfolio strategy for various reasons. BlackRock will have no obligation to provide updates to each Portfolio Strategy after initial delivery of the Portfolio Strategy to Ondo, except in certain limited circumstances. It is up to Ondo to decide whether an associated on-chain wallet is also updated. Therefore, on-chain wallets may not reflect market developments or other events or be updated in accordance with portfolio strategies. BlackRock does not maintain any investment advisory, investment management, trust, client or other relationship with any investor or potential investor in the tokens or on-chain wallets, and has no responsibility or obligation to them. Portfolio strategies are not designed to be suitable for any particular investor and do not take into account the individual needs, objectives or risk tolerance of each investor or potential investor. BlackRock has not prepared or approved this or any other offering or marketing materials, and is not responsible for the tokenization, issuance, distribution, custody or operation of the tokens or on-chain wallets. BlackRock is not making any offer to sell or soliciting any offer to buy any securities. An investment in tokens involves risks, including possible loss of invested capital, and past performance is not a guide to future results.
Investors have no right, title, interest or claim in the funds or securities underlying an on-chain wallet (the “Underlying Funds”) or any recourse against any manager of the underlying funds, and such underlying funds are not offered, marketed or distributed to investors by BlackRock or Ondo, whether directly or indirectly through the tokens or on-chain wallets. The tokens constitute distinct and separate securities issued by Ondo and do not represent any interest in the underlying funds.
The portfolio strategies will include funds sponsored and managed by BlackRock and its affiliates, which will pay fees to BlackRock and its affiliates for providing management, administrative or other services. Therefore, BlackRock potentially finds itself in a conflict of interest in connection with the provision of the portfolio strategies, as an investment in these funds through the on-chain wallets will increase the remuneration of BlackRock and its affiliates. BlackRock has an interest in proposing a portfolio strategy including funds that would increase the remuneration paid to BlackRock and its subsidiaries by these funds.
Additional information about BlackRock, including its Form ADV, is available on the US Securities and Exchange Commission’s Investment Adviser Public Disclosure website at https://adviserinfo.sec.gov.