ONDO and BlackRock: What the Deal Means Before the January Unlock

On September [music] 24th, BlackRock built three investment portfolios that Ondo turned into crypto tokens. [music] And Ondo shot up 47% in 4 days before giving more than half of it back. And just about every channel covering it ran the same headline, that the big money is finally here. If you've been in crypto more than one cycle, you've heard that line about a dozen times, and you know that price doesn't always follow. Our research team flagged Ondo at 37 cents back in July, [music] 2 months before any of this. So, I want to show you what actually made it move because the same setup [music] shows up in other coins before they pump.

But, if you're thinking about buying Ondo here, there are two things most people buying this pump [music] haven't even checked. The first is that on January 18th, almost a billion dollars of brand new Ondo unlocks on that same single day, which is [music] around 40% of all the Ondo trading today. And the last time that exact unlock happened, Ondo dropped a third in 3 weeks. The second is about the man who built Ondo, Nathan Allman. Now, we made a video when he died suddenly back in May, but what's happened since then is a lot messier.

He died without a will, and right now his mother, his half sister, and Ondo's acting [music] CEO are all in court. They're fighting over who controls the company and a big pile of his Ondo. And the day before the BlackRock launch, CoinDesk reported somebody [music] had been trying to sell Ondo. So, if you're feeling bullish, like this video, smash the subscribe button, and if you are going to be the first millionaire in your family tree, confirm that by commenting 777 down below. Also, I am giving away our 2026 altcoin trading strategies and crypto yield generation briefing to everyone who follows us on Instagram @bullrunners.

The official link will be down in the description below this video. Just tap on the section that [music] says more and it'll open it all up. Let's run it.

[music]

All right, bull runners. I'm Ryan Huggins, aka Win with Ryan, and welcome back to the channel. So, [music] what BlackRock actually did was design three investment portfolios and Ondo [music] turned them into tokens that most investors outside the US can buy. There's one built for income, one for steady growth, and one for faster growth. And each token holds a whole basket of tokenized stock and different funds.

So, you can buy the entire portfolio in one click, send it to another wallet, or use it in DeFi like any other coin. It works a lot like the celebrity meals at McDonald's, where the famous name goes on the box, but McDonald's cooks it, sells it, and then keeps the money. So, BlackRock picked the recipe [music] and Ondo does everything else. So, BlackRock didn't buy any Ondo and it isn't running the product. Ondo is.

And if you're in the United States, you can't buy these tokens at all for now. But, the biggest money manager on Earth could have handed those portfolios [music] to any company in crypto and it picked one whose founder died four months earlier with the control of the company that's still stuck in court. And the reason it did that is the same reason that Ondo pumped. And it is the same setup that you can use to spot the next coin like this before it moves. Ondo jumped 27% on launch day and topped out at just under 61 cents on September 28th.

It's already given back more than half of it and it is still sitting at about 77% below its all-time high of $2.14. [music] A lot of people are calling Ondo the next big real-world asset play [music] and saying that this deal proves it. Most of those videos are pure hype, but the core of the argument is right. Ondo is already the biggest name in tokenized [music] stocks by a mile. Back in May, Ondo said it issues over 70% of all the tokenized stocks out there with over $1 billion of them sitting [music] on the blockchain. That makes it the closest thing crypto has to a tether for the stock market.

And on September 28th, the stock trading arm of Kakao, one [music] of South Korea's biggest tech companies, signed an agreement with Ondo to explore selling Korean stocks to investors overseas. So, [music] the company behind Ondo is clearly winning, and that's exactly why it pumped. But a winning company and a winning coin aren't always the same thing. So, whether you already hold Ondo or you're trying to catch the next [music] coin like this one before it pumps, there are three things that'll decide where this price goes [music] next. And the first one is who actually controls Ondo right now.

Nathan Allman started Ondo in his 20s, and Ripple filmed him for a short documentary the year before he died.

It is fascinating how cyclical and wave-like markets [music] can be. I've sailed competitively my whole life. Sailing builds mental toughness in responding to the changing tides. Building in crypto, that's like a really important mentality to have.

Ondo announced his death on May 25th and called it unexpected, and the company hasn't said anything publicly about the cause. So, we're not going to guess at it here. When he died, he was Ondo's CEO, its only director, and its controlling shareholder, and the second seat on the board was sitting empty. So, Ondo's president, Ian Debo, stepped in as acting CEO, and he says the company's own rules allowed that to happen automatically. His mother, Kathleen Allman, now runs his estate, and she doesn't accept that.

On July 24th, she sued in Delaware saying the estate's shares give her the right to replace the board and remove Her complaint also claims that he lined up a pay package worth around $11 million for himself. He disputes all of it and so far there are claims in the lawsuit, not anything a judge has found. Then on September 16th, his half-sister and one of Ondo's investors went to court to ask for the limits of mother's control to the estate, questioning her judgment which she denies. So even the family can't agree on who should be speaking for him. For now, a Delaware court order lets De Bode keep running the company but blocks any major changes and there's no final ruling yet.

A week later, CoinDesk reported that Ondo has been shopped to possible buyers after his death, citing three people who knew about it. Though it couldn't say who started it or what price. Ondo called the report wholly untrue and said nobody at the company went looking for buyers or told anyone else to. Normally, that's the kind of mess Wall Street stays well away from but BlackRock's name still went out on Ondo's launch the very next day, which means it wanted something from Ondo badly enough to look past all that. What BlackRock wants is a road to put the stock market on the blockchain and Larry Fink has been asking for that road out loud for a while.

As a huge believer of crypto and and and and blockchain and tokenization, I mean I want the SEC to rapidly approve the tokenization of bonds and stocks. [music] That will simplify things, make things easier.

On September 17th, the SEC gave Wall Street the first version of it. It's new exemption lets qualifying trading venues offer blockchain versions of real American stock. The catch is that the person holding the token has to get the same rights as the normal shareholder, such as the vote and the dividend. And the company behind the stock gets a chance to object first. That's the rulebook Ondo has spent the past year preparing for.

It bought Oasis Pro, a broker-dealer that's already registered with the SEC and runs its own trading venue. And in July, Wall Street's industry regulator FINRA cleared it to offer tokenized stocks to American investors. That doesn't mean that every token Ondo sells already meets the new rules, but it does mean Ondo already holds the license this new rulebook is built around. And when the biggest money manager in the world wants to be early to a new market, it partners with the company that already has the paperwork. So, if you want to spot [music] the next coin like this before it pumps, that's the setup to look into.

A company that already has the licenses right before the new rules land, because that's who the big money partners with first. Ondo's tokenized Treasury fund also already runs on several blockchains, including [music] the XRP ledger, where big investors can buy it and cash it out around the clock. But, none of those investors had to buy a single Ondo for any of that to happen, and that's the second thing that decides the price. Most people buying this pump believe that when the company wins, the coin wins. That's a very fair thing to assume, but that's exactly how it works when you own a share of Apple.

But, Ondo was never a share of Ondo Finance, because fees Ondo earns from its funds and its stocks [music] go to the company. And the token mostly gives you a vote on how the network runs.

Ondo does not currently share any of the protocol's revenue with token holders. If you hold Ondo right now, the only thing [music] you get is price exposure based on speculation about future fundamentals.

There's a plan to change that, usually called a fee switch, which would send part of Ondo's income to [music] token holders. And it is the single biggest thing Ondo bulls are waiting on. But, when I recorded this video, it still hadn't been switched on. That's the same thing that happens to a lot of coins, because a company getting adopted isn't the same as [music] people needing to buy its token. And the third thing is the date I mentioned at the start of the video, January 18th.

On that day, 1.94 billion ONDO unlock in one go, which is around 40% of all ONDO trading today. And at today's [music] price, that's almost a billion dollars. The same 1.94 billion unlock last January, and ONDO fell from about 38 cents on the day to about 26 cents 3 weeks [music] later, though the whole market was falling with it. It's like a concert where the promoter drops a second batch of tickets

[music]

the week before the show. Almost half as many again. The people who paid top price for the first batch watched the resale price drop, even though nothing about the band has changed. Unlock tokens don't all [music] get sold, and a lot of them may sit untouched for months. But markets usually start pricing in the supply wave, similar to this one, weeks before it lands.

And the estate at the center of the court fight holds a large pile of ONDO, too. So whoever ends up speaking for his estate decides what happens to those tokens. So anyone buying ONDO here is betting that the fee switch comes before too many sellers do, and that's a bet that you want to plan for before you place it. Back in July, when ONDO was sitting around 37 cents, our research team flagged it inside of our private intelligence network as one of the strongest charts in the market. It didn't go straight up, either, because it dipped about 14% [music] below that level in August, and then again in the middle of September.

But on its high of September 28th, [music] it was up more than 60%. If you only found out about ONDO from a BlackRock headline, that's not on you. The headlines just reach everybody last. If you want to see our picks and our research [music] before they show up on this channel, it's the first link in the description down below. Now, here's how to actually play ONDO from here.

Everything Nathan Allman built points in the same direction, which is Wall Street moving onto the blockchain. But the token is where the risk sits. So if ONDO makes sense for you, it's a position you size on purpose. You decide the total amount now while you're calm, and then you build it in pieces over the coming weeks instead of buying the whole thing on the day. The BlackRock headline trends. [music] So, you hold the chunk back for weeks around January 18th because that's when the supply lands, and if the price spikes before then you take your starting money back out.

Now, obviously that's not financial advice, and what's great about this though is you own the whole tokenization trade rather than one coin inside of it. Ondo runs the biggest slice of the tokenized stock market, but nobody knows yet which token captures [music] the most value, so you don't bet everything on one. Because after that, you're only watching two things, which are the Delaware ruling and the fee switch vote. And neither of those should ever force you to make a decision in a hurry. Now, I can't tell you what Ondo does before January 18th, and nobody [music] actually can.

But, I can show you how we got in front of this move. Back in June, right after Nathan Allman died, Ondo was around 36 cents, and I told you to watch which [music] partners came in next and whether the big names like BlackRock stayed close. Three months later, BlackRock put its name on the Ondo launch. Then in July, our research team flagged Ondo at 37 cents inside our private intelligence network, and at the September high, it was up more than 60% and we also show members how to put their coins to work while they wait. Like Chris, whose liquidity pool was up over $3,700 when he shared it with us.

Now, these results are of course not typical, so don't be typical. And crypto carries risk, and this is just a YouTube video. So, do your own research. And if you do want our picks and our research before they hit the channel, click the first link in the description below. Then watch the free briefing on how it works.

And if it makes sense, book a call with my team. We'll look at where you are, and we'll give you an honest read. And if it's not a fit, then we'll tell you straight. So, as always, you know what to do. Stay bullish.

I'll see you at the top.

[music] [music]