Morning Minute: BlackRock Leans Deeper Into Tokenization with Ondo

What happened

The biggest financial institutions in the world are bringing more products onchain, and the pace is accelerating. Decrypt News Opinion Morning Minute: BlackRock Leans Deeper Into Tokenization with Ondo The biggest financial institutions in the world are bringing more products onchain, and the pace is accelerating.

The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Treasuries, money market funds, stocks have been put onchain.

BlackRock developed three portfolio strategies for Ondo , and each one now trades as a single token that carries an entire allocation, rebalances itself, and moves peer-to-peer between wallets. Nothing like it exists in a brokerage account.

This isn’t BlackRock’s first push into tokenization (representing an asset as a tradable entry on a blockchain). It’s BUIDL put a money market fund onchain in March 2024.

In July, Ondo tokenized BlackRock’s iShares Core S&P 500 ETF alongside Micron shares. Every one of those wraps a single instrument. These new tokens wrap a mix of assets meant to be rebalanced over time, with holdings, weights, and every rebalance visible onchain.