BlackRock partnership sparks 24% rally in this crypto
In this news:
Key takeaways
- Ondo's price rallied by over 24% following a partnership announcement with BlackRock.
- The collaboration introduces Ondo Intelligent Portfolios featuring tokenized real-world asset model strategies.
- Ondo Finance has seen its total real-world assets surpass $3.8 billion amid growing market capitalization.
As BlackRock Inc. aggressively accelerated its digital asset and blockchain footprint, as Finbold reported, Ondo, the governance token for the Ondo Finance ecosystem and the Ondo DAO, has emerged as a primary beneficiary.
Over the past 24 hours through September 24, 2026, Ondo’s price rocketed by 24.19%, trading at approximately $0.517 at the time of writing.
Partnership drives portfolio token launch
This significant uptick for the ONDO ERC-20 token was catalyzed by a partnership announcement with BlackRock earlier on Thursday. Ondo Finance announced the launch of Ondo Intelligent Portfolios, a suite of tokenized and multi-asset investment portfolios built around model strategies, developed by BlackRock.
The initial rollout debuts three distinct portfolio tokens – including BLKHIon for high income, BLKDIGon for diversified growth, and BLKGRWon for high growth. As such, Ondo Intelligent Portfolios ensures eligible non-United States investors access single-token model asset allocations from BlackRock through tokenization of real-world assets.
RWA growth and market performance
Ondo Finance has seen its RWA assets surge to more than $3.8 billion, largely driven by its deep collaboration with BlackRock. At the time of publication, this platform had a reported 150,031 monthly active users and 494,827 holders, as per data from RWA.XYZ.
Over the past six months, ONDO price has surged by over 92%, thereby pushing its market capitalization to $2.5 billion. During the last 24 hours, this token recorded a 175% uptick in its trading volume to roughly $751 million, according to metrics from CoinMarketCap.
Consequently, the Ondo token is well positioned to benefit from the rising tokenization of RWAs, fueled by BlackRock’s partnership amid crypto regulatory clarity.
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