🇺🇸 President Trump says the current financial system will be modernized by crypto blockchain technology:
“Many Americans are unaware of behind the scenes, the technical backbone of the financial system is DECADES out of date. Many many years out of date….
Time to wake up 😴💤
Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.
Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens.
The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, marking the first time eligible onchain investors can access exposure to such strategies through a single token.
1. BLKHIon: Ondo High Income Powered by BlackRock
2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock
3. BLKGRWon: Ondo High Growth Powered by BlackRock
Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, delivered as peer-to-peer transferable tokens from Ondo, these onchain portfolios become accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use.
“Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure. Diversified portfolio strategies can be incorporated into tokenized investment products, enabling eligible investors to access diversified allocations through a single instrument. It shows how established portfolio construction approaches can be delivered through new channels and technologies.” - Lisa O’Connor, Global Head of the Model Portfolio Solutions team and Co-CIO for Global Solutions within the Multi-Asset Strategies group at BlackRock
Ondo Intelligent Portfolios can unlock novel capabilities:
→ Programmatic rebalancing
→ Full composability with DeFi
→ Complete transparency onchain
→ Multiple asset classes in a single token
This is just the start for Ondo Intelligent Portfolios. The infrastructure is now in place for leading financial institutions to bring their asset allocation expertise onchain.
Jersey Mikes Rant: even though you’re right in front of them, they’ll focus on the online order instead of serving the customer standing in front of them. $JMKE
Circle has received final OCC approval to establish First National Digital Currency Bank, N.A., a national trust bank operating as Circle National Trust.
A major U.S. regulatory milestone that strengthens USDC infrastructure through federally regulated custody, with reserve management planned as a future capability.
“Federal oversight of our trust bank sets a new standard for transparency, governance, and scale for Circle’s infrastructure and unlocks a new phase of adoption, where leading financial institutions can build on public blockchains with clarity and confidence.” - @jerallaire
https://t.co/RUHGfZIgOB
Today, Mastercard, @OndoFinance, Kinexys by @JPMorgan, and @Ripple successfully completed a landmark transaction connecting a public blockchain with interbank settlement rails.
Together, we’re laying the groundwork for 24/7 global markets that never close.
NEW: The Chainlink data standard is now live on @amazon’s AWS Marketplace.
Now, millions of @awscloud developers & hundreds of thousands of businesses have access to the secure data infrastructure required to build institutional-grade blockchain apps.
Today, our Board of Directors approved a proposed rule that would establish requirements under the GENIUS Act for FDIC-supervised stablecoin issuers.
https://t.co/VAnMhwyGo5
@redactedlmfao@Cointelegraph Special Government Employees, for Sacks case the AI/crypto czar role, is limited to 130 days of service per year. He's used up that time.
Real-world asset tokenization is moving from a concept to reality. We’re proud to support the development of a robust digital asset ecosystem, continuing to serve as a neutral, trusted enabler of scalable tokenization, particularly around settlement finality, appropriate control frameworks, and market integrity.
Explore our tokenization initiatives: https://t.co/IQB5OSm6DB
Crypto markets—and the millions of Americans who participate in them—deserve long-overdue clarity.
Under President @realDonaldTrump's leadership, we are well on our way.
My latest in @CoinDesk with SEC Commissioners @HesterPeirce and Mark Uyeda ⬇️ https://t.co/KghSqh1PXZ