BLACKROCK AND ONDO FINANCE JUST ANNOUNCED A NEW PARTNERSHIP Blackrock $BLK just announced it has built 3 investment portfolios that will trade as digital tokens The portfolios will be tokenized by Ondo Finance The new portfolios will be the first BlackRock has designed to be tokenized by another firm Ondo is launching seven tokenized model portfolios today, including the three from BlackRock: high-income, diversified growth and high-growth. The BlackRock portfolios will hold a mix of stock, bond and bitcoin ETFs depending on their profile. Ondo will issue a token tracking each of the portfolios. As investors buy them, self-executing software automatically buys shares in the underlying ETFs that make up the portfolio. The model portfolios will initially be available to non-U. S. investors, who won’t have direct shareholders rights in the underlying securities held. Investors will be able to borrow against their tokens, transfer them and trade them 24/7. (Source Bloomberg)