September 30, 2026 – The tokenised portfolios rebalance through smart contracts and are open to eligible non-US investors. BlackRock supplies the model strategies.
In Summary
Ondo launched Ondo Intelligent Portfolios on 24 September, using strategies powered by BlackRock.
Each portfolio is a single transferable token that rebalances automatically through smart contracts.
The products are open only to eligible non-US investors in permitted jurisdictions.
Ondo Global Markets held about $1.21 billion on 28 September, roughly four times its level a year earlier.
Ondo Finance has launched Ondo Intelligent Portfolios, a set of tokenised portfolios built on strategies from BlackRock. Each portfolio comes as a single token that holders can move between wallets.
Ondo announced the products on 24 September. They are open to eligible investors outside the United States, in permitted jurisdictions.
BlackRock developed the strategies specifically for Ondo. However, BlackRock’s role is limited to providing model portfolio strategies, according to the release.
In other words, the asset manager does not act as adviser to token holders. It also plays no part in the tokenisation or day-to-day running of the portfolios.
How Ondo Intelligent Portfolios work
The first three products are listed in an Ondo blog post. They are Ondo High Income, Ondo Diversified Growth and Ondo High Growth, each powered by BlackRock.
Their token tickers are BLKHIon, BLKDIGon and BLKGRWon. The names point to three different levels of risk, from income to high growth.
Each portfolio draws on Ondo Stocks, the company’s range of tokenised shares and exchange-traded funds. Ondo Global Markets issues the portfolio token itself.
Rebalancing happens automatically through smart contracts. As a result, holders can see the constituents, weights and every rebalance on the blockchain.
That transparency marks a change from traditional model portfolios. In a normal brokerage account, investors rarely see each rebalance as it happens.
The idea is simple. An investor buys one token and gets a whole portfolio. The smart contract does the rest.
Ondo has not yet disclosed fees, minimum investments or which blockchains will carry the tokens. It says it intends to expand the product line over time.
Why model portfolios matter
Model portfolios are ready-made investment mixes. Financial advisers often use them to manage many client accounts in a consistent way.
BlackRock is a major provider of these models. Bringing them onchain gives crypto-native investors access to a familiar, diversified approach.
Many crypto investors hold only a few volatile coins. A mix of stocks and funds offers a very different kind of risk.
For Ondo, the launch also adds a new layer on top of its existing platform. Instead of buying single tokenised stocks, users can hold a whole portfolio in one step.
Ondo’s growth in numbers
The building blocks have grown fast. Ondo’s Global Markets platform held about $1.21 billion in total value locked on 28 September, according to company data.
A year earlier, in September 2025, the figure stood at about $303 million. That means the platform has roughly quadrupled in 12 months.
Total value locked is a common crypto measure. It shows the market value of assets held in a product or protocol at a given time.
Growth has not been smooth, however. Value peaked at about $1.22 billion in May, then dipped to $959 million in July before recovering.
A mixed picture for yield tokens
Ondo’s yield products tell a mixed story. Its USDY token, backed by short-term US Treasuries and bank deposits, held about $2.20 billion on 29 September.
That is more than three times its level of a year earlier. The token currently shows a yield of about 3.60%.
That yield sits below the 4.28% three-month Treasury yield on 28 September.
Most USDY sits on Ethereum, at about $1.19 billion. Stellar holds about $537 million, Sei about $259 million and Solana about $180 million.
By contrast, OUSG, a tokenised Treasury fund for qualified buyers, has shrunk. Its value fell from about $724 million in September 2025 to about $313 million.
OUSG uses fewer networks. About $187 million sits on the XRP Ledger and about $126 million on Ethereum.
Part of that decline may reflect competition. Several large asset managers now offer their own tokenised money market and Treasury funds.
Taken together, the three products hold more than $3.7 billion. USDY remains the largest by a wide margin.
What it means for tokenisation
The launch shows how tokenisation is moving beyond single assets. Portfolios, not just individual bonds or shares, can now live onchain.
It also shows how large asset managers prefer to take part. BlackRock supplies the strategy, while a crypto-native firm handles the tokens and the investors.
Still, US investors cannot buy the products for now. Regulation will decide how far and how fast they can spread.
For more on tokenisation and real-world assets, follow our coverage. Ondo Intelligent Portfolios will be a test of whether onchain investors want ready-made strategies.
