Ondo and BlackRock launch three onchain portfolios as Fed proposes two GENIUS Act stablecoin rules
AI Market Summary
Ondo's partnership with BlackRock to launch onchain portfolios and ARK's tokenization of its venture fund on Ethereum signal accelerating institutional adoption of tokenized real-world assets. The Federal Reserve's proposed stablecoin rules under the GENIUS Act, alongside CFTC guidance allowing token custody and blockchain recordkeeping for registered derivatives firms, reduces regulatory uncertainty and strengthens the compliance pathway for onchain finance infrastructure.
Impact level
● High
Affected assets
ETH/USDT+0.43%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Ondo has partnered with BlackRock to launch three onchain investment portfolios using strategies developed by the asset manager, initially available only to eligible investors outside the U.S. ARK Invest is tokenizing its venture fund on Ethereum with Securitize. The Federal Reserve has proposed two new stablecoin rules under the GENIUS Act, including standards for reserves, capital, custody and risk management for supervised issuers, and a process for supervised banks to apply to issue stablecoins. CFTC staff also said registered derivatives firms can hold certain customer investments as tokens and use blockchain records to satisfy federal recordkeeping requirements.
