Ondo Rallies 20% After Putting BlackRock-Designed Portfolios Onchain

The move matters less for the token than for the template: a BlackRock-designed product migrating onchain gives tokenized portfolio infrastructure its most credible branding test yet, and the market is treating that as a signal rather than a yield story. The broader tape is the more interesting tell — most large-caps screened higher while bitcoin and ether slipped, a rotation pattern rather than a directional one. Whether that dispersion holds, or folds back into the majors, is the open question.