Ondo Finance expands collaboration with BlackRock

Focusing on the tokenization of real-world assets (RWA), Ondo Finance is expanding its collaboration with BlackRock, one of the world's largest asset management companies. The company will develop on-chain “Smart Portfolios” products based on BlackRock's portfolio models.

Within the scope of the new structure, it is planned to create basket-type tokenized investment products that include stocks, bonds and cryptocurrencies. BlackRock's portfolio models will be used in these products.

Ondo is currently active in the RWA space with its OUSG product, which is based on BlackRock's tokenized money market fund BUIDL. The company also expanded its product range in this field with its infrastructure for tokenizing US stocks.

With its new “Smart Portfolios” move, Ondo appears to be aiming to go beyond just offering single tokenized assets and combine different asset classes under a single on-chain investment product.

The development comes at a time when efforts to offer traditional financial products on the blockchain are gaining momentum. BlackRock has also increased its activities in the digital asset and RWA sector with tokenized fund products, especially BUIDL, in recent years.