Ondo introduced three Intelligent Portfolios on September 24, with each token representing an investment strategy developed by BlackRock, the world's largest asset manager. The portfolios combine different assets around high income, diversified growth and high growth, allowing investors to hold one token instead of separately purchasing and rebalancing the underlying investments. The products are available on Trust Wallet, where users qualify for rewards tied to activity involving Ondo assets. Putting the complete strategy onchain could allow the tokens to move between wallets and platforms, serve as collateral for borrowing or connect with other financial products. The development extends tokenization beyond individual securities and funds toward onchain portfolios. Pantera described the shift as moving from single securities to portfolio strategies, while Broadridge data showed traditional model portfolios held about $9.8 trillion in assets in June. Bitwise also introduced Automated Token Portfolios with Coinbase and a16z-backed Glider in August for eligible non-U.S. investors, with Glider automatically adjusting tokenized-stock holdings to target weights.