ONDO partners with BlackRock to develop tokenized Intelligent Portfolios

Ondo: Ondo Finance operates as an institutional-grade platform for tokenized real-world assets, delivering blockchain-enabled products spanning government bonds, equities, and ETFs with composability across multiple chains. It has built extensive ties with traditional finance through products like OUSG, which integrates BlackRock's BUIDL as a primary reserve, and tokenized US equities under SEC-aligned custodial structures. The announced partnership extends these capabilities by developing curated onchain 'Intelligent Portfolios' of tokenized assets. BUIDL: BUIDL is BlackRock's tokenized USD Institutional Digital Liquidity Fund, delivering yield from short-term US Treasuries and repo agreements on public blockchains via Securitize. It functions as a core reserve asset for other tokenized treasury products and supports interoperability features like liquidity facilities. In the context of the news, BUIDL underpins Ondo's OUSG and continues as a foundational element in the expanded BlackRock-Ondo portfolio collaboration. IVV ETF: IVV refers to BlackRock's iShares Core S&P 500 ETF, which Ondo has tokenized under a third-party US custodial model to provide onchain exposure while keeping underlying shares in traditional custody. This approach aligns with SEC guidance on tokenized securities and enables global access with regulatory compliance. The partnership news leverages this IVV tokenization as a building block for broader 'Intelligent Portfolios' of tokenized assets. BlackRock: BlackRock, the world's largest asset manager, has advanced tokenized asset offerings including its BUIDL money market fund and collaborations on equity tokenization. It participates in industry pilots for tokenized securities and integrates with platforms like Ondo to enhance onchain liquidity and product access. The news partnership builds directly on these existing BUIDL and IVV integrations to create managed portfolio products. Adoption: Ondo has grown its tokenized asset lineup to surpass 440 products across stocks, ETFs, and other categories on multiple blockchains. Regulation: US regulatory frameworks, including SEC statements on tokenized securities, continue to support third-party custodial models enabling Ondo and BlackRock integrations. Partnerships: Ondo has expanded institutional access to its tokenized equities through in-kind conversion services with partners like Alpaca, allowing direct minting and redemption of tokenized stocks.