Ondo Opens Access to BlackRock Portfolio Strategies for Non-US Traders Only
(7 days ago) · 1 source · Summarized by CryptoBipto
Ondo has enabled access to BlackRock portfolio strategies through its platform, but the offering is restricted to non-US traders. US-based users are excluded from participating due to regulatory constraints.
WHY IT MATTERS
Think of this like a traditional investment firm opening a new branch — but only in certain countries. Ondo is a crypto project that tries to bring traditional Wall Street-style investments onto the blockchain, making them accessible through crypto wallets instead of brokerage accounts. BlackRock is the largest investment management company in the world. By making BlackRock's strategies available on-chain, Ondo is showing how blockchain technology can be used to distribute traditional financial products. However, because US regulations around securities (financial products like stocks and funds) are strict, American users cannot participate. This highlights a recurring theme in crypto: innovation often reaches non-US users first because of the complex regulatory environment in the United States.
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