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Deep Tide TechFlow news—on June 11, according to CoinDesk, Ondo Finance announced the appointment of John Hoffman, former Head of Invesco ETF and Index Strategies Americas and a former Executive Director at Grayscale, as Managing Director of Product Portfolio Business. He will be responsible for building and distributing tokenized investment portfolio products, including investment baskets developed in collaboration with asset management firms, and strategies built around Ondo’s existing products. This move marks Ondo Finance’s plan to expand from single-asset tokenization (such as government bond products OUSG and USDY, and more than 250 stocks and ETFs) to a comprehensive custodial on-chain investment portfolio.