BlackRock introduced three investment portfolios as blockchain-based tokens through Ondo Finance, marking the asset manager's latest push into tokenized traditional finance. The portfolios are based on model strategies developed by BlackRock.
Ondo Finance has introduced a feature allowing eligible institutions to directly convert existing shares and ETFs into tokenized equivalents on blockchain, or redeem tokens for underlying shares. The service is live on Ethereum and BNB Chain through integration with Alpaca.
Ondo Finance's broker-dealer subsidiary Oasis Pro Markets has joined DTCC's Fund/SERV processing network, which handles over 85% of US mutual fund transactions. This marks the first time a tokenization company has connected to the traditional finance infrastructure, though neither company specified which Ondo products will use the network or when transactions will begin.
Robinhood CEO Vlad Tenev and Ondo Finance executive John Hoffman predict tokenization will reshape the financial system, with Hoffman comparing its trajectory to the early adoption curve of exchange-traded funds.
Ondo Finance has launched the Ondo Network, a new execution layer designed to combine centralized exchange-like speed with non-custodial trading and onchain functionality. The company describes it as an evolution of Ondo Chain.
Oasis Pro Markets, a subsidiary of Ondo Finance, has secured regulatory authorization from the SEC and FINRA to offer tokenized equities, ETFs, mutual funds, and IPO securities to U.S. investors. The approval marks a significant regulatory milestone for tokenized securities in the United States.
Ondo Finance has partnered with Broadridge Financial Solutions to allow holders of its tokenized stocks and ETFs to participate in on-chain proxy voting, bringing tokenized equities closer to traditional brokerage account functionality. The feature covers Ondo's $700 million in tokenized equities across 250+ stocks.
Franklin Templeton, managing $1.7 trillion in assets, partnered with Ondo Finance to tokenize five equity and gold ETFs, enabling round-the-clock trading through digital wallets. The move represents a major institutional push to bring traditional securities on-chain for crypto-native investors.
