Ondo Finance expands tokenized investment portfolios to Solana
Ondo Finance has deployed its seven tokenized investment portfolios on the Solana blockchain. The products have surpassed $40 million in total value locked within four weeks of launch.
Ondo Finance has expanded the accessibility of its Intelligent Portfolios by launching them on the Solana blockchain. Authorized investors can now access these seven professionally curated portfolios via Solana-compatible wallets and decentralized applications.
The portfolios are tokenized, meaning each position is represented by a single token that undergoes programmatic rebalancing. The offering includes a range of strategies focusing on income, growth, and thematic exposure, with three portfolios utilizing strategies developed by BlackRock.
Since their initial launch on Ethereum and BNB Chain four weeks ago, the portfolios have reached a combined total value locked (TVL) of over $40 million. Ondo already maintains a significant presence on Solana, where it manages over $500 million in tokenized real-world assets.
John Hoffman, Managing Director of Portfolios at Ondo Finance, stated that the expansion allows the firm to offer professional-grade allocation strategies to a broader user base. The company intends to continue developing additional portfolio products to meet market demand.