BlackRock and Ondo Finance are pushing tokenization one step further:
In the past, the goal was to move individual assets—stocks, bonds, treasury bills, funds—onto the blockchain; now they are starting to explore moving the “entire investment strategy” onto the blockchain.
The two are very different.
When assets are put on-chain, the question is whether “this thing can be traded on-chain.”
When strategies are put on-chain, the question becomes whether “this investment method can be automatically executed, composed, and replicated.”
You can think of it like this: putting assets on-chain is like bringing ingredients into the kitchen, while putting strategies on-chain is like bringing in the chef and the recipes too.
If this path holds, the core of on-chain finance will shift from “what assets exist” to “how these assets are used.”
In the future, on-chain finance may become not only an asset market, but also a strategy market.
In the past, the goal was to move individual assets—stocks, bonds, treasury bills, funds—onto the blockchain; now they are starting to explore moving the “entire investment strategy” onto the blockchain.
The two are very different.
When assets are put on-chain, the question is whether “this thing can be traded on-chain.”
When strategies are put on-chain, the question becomes whether “this investment method can be automatically executed, composed, and replicated.”
You can think of it like this: putting assets on-chain is like bringing ingredients into the kitchen, while putting strategies on-chain is like bringing in the chef and the recipes too.
If this path holds, the core of on-chain finance will shift from “what assets exist” to “how these assets are used.”
In the future, on-chain finance may become not only an asset market, but also a strategy market.