This paper introduces a new microstructural template for high entropy alloys (HEAs), where the face centered cubic (FCC) complex concentrated solid solution is reinforced with a high density of strong, yet deformable, nanorods of an ordered multi-component intermetallic L1(2) compound. Thermodynamic modeling has been employed to design this HEA with a large L1(2) volume fraction. Thermo-mechanical processing by isothermal annealing of the conventionally processed bulk cold-rolled alloy directly at precipitation temperatures, has been applied to produce a high density of uniformly distributed L1(2) nanorods within refined FCC grains, resulting from concomitant recrystallization and discontinuous precipitation processes. The nanorod morphology of the discontinuous L1(2) product has been established from three-dimensional atom probe tomography. The refined grains result in a complete coverage of the microstructure with discontinuously precipitated intermetallic nanorods. This nanorod strengthened HEA exhibits an exceptionally high room temperature yield strength of similar to 1630 MPa, good tensile ductility of similar to 15%, and an ultimate tensile strength of similar to 1720 MPa. Furthermore, a single L1(2) phase alloy, melted based on the precipitate composition in the two-phase FCC + L1(2) HEA, exhibits very high compressive deformability and strain hardenability, unusual for ordered intermetallic compounds. These results open a new strategy for design of fine-grained microstructures strengthened via ordered intermetallic phases, exploiting the beneficial effects of discontinuous precipitation, for achieving very high room temperature tensile strengths while maintaining good ductility. (C) 2021 Acta Materialia Inc. Published by Elsevier Ltd. All rights reserved.