[Korea crypto watch] ONDO’s Korean trading share reaches 27.8 times its global share

Bitcoin fell to $83,000, down 2.1% over 24 hours, while the CoinDesk 100 index dropped 2.6%. Altcoins like QNT, GRT, and ONDO saw significant declines, reversing Friday's gains. The retreat was led by DeFi and Computing sector indices. The drop followed rising oil prices due to geopolitical tensions in the Strait of Hormuz.

ONDO, a token in the real-world asset sector, surged 30% following the launch of new investment portfolios developed by BlackRock. The portfolios, called Ondo Intelligent Portfolios, offer tokenized exposure to professionally managed asset groups. The rally was supported by increased trading volume and derivatives activity, with ONDO breaking above the $0.50 level. The products are currently available only to eligible non-U.S. investors due to regulatory requirements.

Ondo Finance launched tokens (BLKHIon, BLKDIGon, BLKGRWon) based on BlackRock's model portfolios, causing ONDO's token price to rise 16-22%. The tokens, available on Ethereum and BNB Chain, track high-income, diversified growth, and high-growth strategies. BlackRock licenses the models, while Ondo manages the smart contracts. The products are currently limited to non-US investors.

ONDO crypto surged 30% to $0.57 after Ondo Finance launched tokenized portfolios with BlackRock's model strategies. The tokens, BLKHIon, BLKDIGon, and BLKGRWon, track baskets of tokenized equities and ETFs. BlackRock disclaims any advisory role. The launch follows broader institutional trends in tokenized funds.

ONDO and QNT, up 28.7% and 38.2% respectively, lead today's rally in real-world asset (RWA) tokens. ONDO gained after BlackRock launched Intelligent Portfolios, while QNT rose following its selection by The Clearing House. Both tokens are benefiting from institutional developments in the RWA sector.

Ondo Finance launched three tokenized portfolio products based on BlackRock's investment strategies, available to qualified investors outside the US. The tokens, BLKHIon, BLKDIGon, and BLKGRWon, cover income, diversified growth, and high-growth strategies. ONDO token surged 16% in a day, 37% over a week, and 33% year-to-date, despite Bitcoin's decline. BlackRock provides strategies but does not manage the tokens. Ondo faces a leadership dispute.