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#Ondo launches tokenized portfolios based on BlackRock strategies The tokenized portfolios launched on 9/24 are seven in total: three bear BlackRock's name, and four are Ondo's own development — the headline only covered the first three. ▪️ BlackRock is only a non-discretionary model provider — disclosures state it is not an advisor, manager, sponsor, or distributor, and has no obligations to holders ▪️ After delivering the model, BlackRock generally has no update obligations; whether to update is decided by Ondo ▪️ Subscriptions use USDC / USDT, redemptions return only stablecoins; subscriptions and redemptions are only available during US stock market hours 9:30–15:45, but the tokens themselves can be traded 24/7 ▪️ Only open to non-US qualified investors, subscriptions and redemptions require KYC; tokens bought on secondary markets do not automatically carry redemption rights The disagreement is not about whether BlackRock agrees to put the strategy on-chain, but that the phrase "powered by BlackRock" carries more weight than the actual responsibility it assumes — it provides the formula, but the kitchen and responsibility lie solely with Ondo. Tokens can run 24/7, but subscriptions and redemptions cannot. ONDO surged 16%–22% in one day to hit a new high for the year, yet the product is only sold to most people who cannot buy it. Do you choose tokens bearing BlackRock's name, or products for which BlackRock is actually responsible?