Ondo Finance introduced three blockchain-based portfolio products on Thursday, each built on investment strategies crafted by BlackRock, one of the world's largest asset managers. The release represents part of a broader initiative involving seven tokenized model portfolios, and it quickly lifted the platform's ONDO token more than 16% to approximately $0.48.

The newly unveiled tokens are designated Ondo High Income Powered by BlackRock (BLKHIon), Ondo Diversified Growth Powered by BlackRock (BLKDIGon), and Ondo High Growth Powered by BlackRock (BLKGRWon). Each token corresponds to a distinct investment approach: income, diversified growth, and high growth. Thursday's rollout accounts for three of those seven model portfolios, with the remaining strategies not yet detailed.

News of the launch circulated widely on social media, with market analysts citing a Wall Street Journal report:

JUST IN: BlackRock is bringing investment portfolios ONCHAIN, per WSJ. Three BlackRock strategies holding stock, bond and Bitcoin ETFs will be tokenized by Ondo Finance. The tokenization will give non-U.S. investors 24/7 trading, transfers and the ability to borrow against… pic.twitter.com/4UQj0uVADg
— Coin Bureau (@coinbureau) September 24, 2026

These investment vehicles contain varying mixes of asset classes. The composition differs by strategy and may encompass equities, fixed income securities, and Bitcoin exchange-traded funds, as laid out in the corresponding BlackRock model portfolio.

Mechanics Behind the Tokenized Investment Products

Participants are not required to purchase the individual assets underlying each portfolio. Rather, they create or redeem a single token representing the entire asset collection.

According to Ondo, all asset compositions, allocation percentages, and portfolio adjustments are transparently recorded on the blockchain. This transparency allows anyone to inspect portfolio contents in real time.

The tokens are also transferable across digital wallets, cryptocurrency exchanges, and decentralized finance platforms. That functionality enables continuous trading around the clock, contrasting with conventional investment vehicles.

Currently, the offerings are restricted to qualified investors situated outside the United States, and U.S. participation is therefore excluded for the time being. Participants must additionally reside within approved regulatory jurisdictions.

BlackRock's participation in the collaboration is confined to specific functions. The financial giant solely supplies the model portfolio frameworks based on requirements outlined by Ondo, and it does not oversee the blockchain-based tokens themselves. The company is not involved in token creation, safekeeping, or routine management activities.

Model portfolios are a long-standing fixture of traditional asset management—standardized allocation blueprints that other platforms can replicate—and the partnership extends that familiar structure onto blockchain infrastructure.

Ian De Bode, Ondo Finance's acting CEO, stated that the portfolios offer investors an innovative method to gain exposure to diversified investment approaches via a single digital asset. Lisa O'Connor from BlackRock remarked that the partnership demonstrates how established portfolio methodologies can transition to contemporary technological infrastructure.

Ondo's Expanding Tokenization Efforts

The collaboration marks another milestone in Ondo's partnerships with established financial institutions. Recently, the platform joined forces with Near Protocol to introduce tokenized equities and exchange-traded funds, featuring companies such as Tesla, Nvidia, and Apple, alongside QQQ investment products.

Ondo Stocks achieved $1 billion in total value locked just eight months after its introduction. The platform previously transferred $95 million worth of OUSG holdings into BlackRock's BUIDL fund.

BlackRock has been actively expanding its blockchain tokenization initiatives throughout the year. Last August, the asset management giant unveiled two tokenized money market instruments targeting stablecoin reserve applications.

Traders on X were quick to highlight ONDO's momentum following the announcement:

ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 IS ALREADY UP 135% FROM OUR ACCUMULATION ZONE | TARGET 1 NEARLY HIT Remember This #ONDO Setup? Our Accumulation Was $0.20–$0.22. Today, ONDO/USDT Is Trading Around $0.53, That's Already ~135% UP From Our Entry Zone.… pic.twitter.com/HM0aQFakVv
— Crypto Patel (@CryptoPatel) September 25, 2026

ONDO Price Action

The ONDO token experienced significant upward movement following the announcement. Current trading activity shows the token near $0.48, reflecting a daily increase exceeding 16%.

Throughout the previous week, ONDO recorded gains surpassing 37%. Since the beginning of the year, the token has appreciated more than 33%.

The price appreciation occurred despite broader cryptocurrency market declines. Bitcoin experienced a downturn to $83,000 during the same 24-hour timeframe.

Legal Dispute in the Background

The product launch unfolds against the backdrop of continuing legal proceedings at Ondo Finance. The dispute centers on who is entitled to lead the company following the passing of its founder. Kathleen Allman, mother of the late founder Nathan Allman, is pursuing company control and requesting the dismissal of De Bode from his CEO position, claiming he assumed leadership without proper board authorization. De Bode has dismissed the allegations as unfounded.

This article first appeared on Blockonomi.