Ondo Launches Three BlackRock-Linked Tokens – Direct Redemption Only for Eligible Non-US Investors

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Ondo Finance launched three new blockchain-based portfolio tokens on September 24: Ondo High Income (BLKHIon), Ondo Diversified Growth (BLKDIGon), and Ondo High Growth (BLKGRWon). These tokens utilize investment strategies developed by BlackRock for Ondo. Ondo implements the allocations with tokenized assets and rebalances the portfolios according to a set schedule. It is important to understand that these tokens are securities issued by Ondo Global Markets (BVI) Limited and do not grant their holders any rights to the underlying BlackRock funds or securities. BlackRock Fund Advisors merely provides model allocations to Ondo but does not make investment decisions for the blockchain-based portfolios and has no fiduciary duties to the token investors. Direct redemption of these tokens is exclusively reserved for eligible non-US investors who successfully complete identity verification and anti-money laundering checks. Holders can receive or hold the transferable tokens without completing the onboarding process, but without direct redemption capability, they rely on third parties willing to acquire the token, subject to the rules of the respective trading venue and market conditions. This highlights the complexity and specific access conditions for tokenized Real World Assets (RWAs) in the current regulatory environment.