Tonight’s biggest headline was apparently drowned out by oil prices: BlackRock and Ondo have announced a collaboration—three investment portfolios are being directly turned into tokenized funds. Issuance tracking uses $ONDO , and what’s inside is a mixed allocation of stocks, bonds, and $BTC ETF. Non-US investors can access it first. It’s tradable 7x24, and can also be used as collateral for borrowing.
Pay attention to one detail: this is the first time BlackRock has handed its own portfolios over to an external company for tokenization. The RWA track gets another stamp from a major institution—its value is completely different from all those previous attempts that merely tried to ride on concepts.
But the macro environment really isn’t giving any face. There’s been little progress in the US-Iran negotiations; Brent crude jumped to 106 USD. The yield on the US 30-year Treasury climbed to the highest level since 2004. BofA even raised its 10-year target to 5%. With interest rates staying this high, risk assets—including $BTC —have a hard time seeing any meaningful rebound. Even gold is down nearly 1% today.
My take: for a deal at a scale like $ONDO , it’s likely to spark a short-term surge. But until the bigger environment loosens, don’t get carried away chasing highs—let the bullets fly for a bit. When oil prices and yields start to turn, that’s when the real opportunity opens.
NFA DYOR
#RWA #BTC #ONDO #代币化 #Macro
Pay attention to one detail: this is the first time BlackRock has handed its own portfolios over to an external company for tokenization. The RWA track gets another stamp from a major institution—its value is completely different from all those previous attempts that merely tried to ride on concepts.
But the macro environment really isn’t giving any face. There’s been little progress in the US-Iran negotiations; Brent crude jumped to 106 USD. The yield on the US 30-year Treasury climbed to the highest level since 2004. BofA even raised its 10-year target to 5%. With interest rates staying this high, risk assets—including $BTC —have a hard time seeing any meaningful rebound. Even gold is down nearly 1% today.
My take: for a deal at a scale like $ONDO , it’s likely to spark a short-term surge. But until the bigger environment loosens, don’t get carried away chasing highs—let the bullets fly for a bit. When oil prices and yields start to turn, that’s when the real opportunity opens.
NFA DYOR
#RWA #BTC #ONDO #代币化 #Macro