Ondo Finance launched three onchain portfolio tokens Sept. 25 based on model strategies developed by BlackRock. The products, issued by Ondo Global Markets, allow eligible non-U.S. investors to mint a single token holding a weighted basket of assets without manual rebalancing.
The three tokens are Ondo High Income (BLKHIon), Ondo Diversified Growth (BLKDIGon), and Ondo Strategic Growth (BLKSTRon).
ONDO jumped 23 percent on the day, trading around $0.508 and clearing resistance at $0.4547. Open interest surged to $292.6 million, the highest on record. The funding rate moved positive to 0.0172, signaling increased leverage positioning.
The next technical level sits at $0.5207, which has previously capped upward moves. A sustained daily close above that would confirm a breakout from the current range. The $0.45 level remains critical support.
Ondo's collaboration with BlackRock gives non-U.S. investors access to structured investment products through onchain infrastructure. The single-token format reduces friction for those seeking exposure to traditional investment strategies via blockchain.
