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Ondo Finance hires former Invesco ETF executive to develop on-chain investment products

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Mars Finance News: Ondo Finance has hired former Invesco ETF executive and Grayscale Managing Director John Hoffman, aiming to expand its tokenized investment products beyond stocks and government bonds. John Hoffman will serve as Managing Director and Head of Product Portfolio, focusing on building and distributing tokenized portfolios, including investment strategies developed jointly with asset management firms and those built around Ondo's existing products. This move indicates that Ondo Finance plans to go beyond single-asset tokenization and shift toward custodial investment products on the blockchain. Currently, the tokenized asset market size has exceeded $30 billion.
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