#贝莱德为ondo开发代币化组合策略
“Powered by BlackRock” is printed on the outermost layer, and the products it contains in the formula are also its own.
▪️ A high-yield combination with nine positions; the top two are both 18%, and both are BlackRock’s iShares bond funds, totaling 36%
▪️ The benchmark indices for these two funds are also compiled by BlackRock
▪️ The underlying funds themselves first charge 0.35% and 0.18%
▪️ On top of that, the portfolio layer charges yet another fee, and this fee has not been disclosed so far
▪️ BlackRock disclosure: the BlackRock and iShares funds in the model have fees that flow back to it
The disagreement isn’t about whether BlackRock is willing to put the recipe on-chain; it’s about whose ingredients are in the recipe. The index is theirs, the funds are theirs, the model is theirs—one and the same company shows up three times on this chain, while its name is only printed on the outermost layer. Responsibilities for issuance, subscription/redemption, rebalancing, and settlement all lie with Ondo.
What gets changed by putting it on-chain are issuance, transfer, and bookkeeping. Where the recipe comes from, what’s inside it, and where the money flows—all of that uses the same underlying structure as the version off-chain.
Two trading days after the announcement, ONDO went from 0.41 to 0.55, and then gave back 2.5% on the third day.
Next, watch three things:
① After the other two portfolios disclose their holdings, how much of the company’s own product is included
② On what day this batch of tokens will reveal its size and number of holders
③ On what day the portfolio-layer fee will be written into the contract
When you buy the “BlackRock Strategy,” are you buying its judgment—or its product?
$ONDO
“Powered by BlackRock” is printed on the outermost layer, and the products it contains in the formula are also its own.
▪️ A high-yield combination with nine positions; the top two are both 18%, and both are BlackRock’s iShares bond funds, totaling 36%
▪️ The benchmark indices for these two funds are also compiled by BlackRock
▪️ The underlying funds themselves first charge 0.35% and 0.18%
▪️ On top of that, the portfolio layer charges yet another fee, and this fee has not been disclosed so far
▪️ BlackRock disclosure: the BlackRock and iShares funds in the model have fees that flow back to it
The disagreement isn’t about whether BlackRock is willing to put the recipe on-chain; it’s about whose ingredients are in the recipe. The index is theirs, the funds are theirs, the model is theirs—one and the same company shows up three times on this chain, while its name is only printed on the outermost layer. Responsibilities for issuance, subscription/redemption, rebalancing, and settlement all lie with Ondo.
What gets changed by putting it on-chain are issuance, transfer, and bookkeeping. Where the recipe comes from, what’s inside it, and where the money flows—all of that uses the same underlying structure as the version off-chain.
Two trading days after the announcement, ONDO went from 0.41 to 0.55, and then gave back 2.5% on the third day.
Next, watch three things:
① After the other two portfolios disclose their holdings, how much of the company’s own product is included
② On what day this batch of tokens will reveal its size and number of holders
③ On what day the portfolio-layer fee will be written into the contract
When you buy the “BlackRock Strategy,” are you buying its judgment—or its product?
$ONDO
