Ondo's Tokenized Stocks Hit $1B in 8 Months: John Hoffman

Summary

John Hoffman, Managing Director at Ondo Finance, discusses Ondo's modular on-chain capital markets stack with The Block's Kelvin Sparks at the Wyoming Blockchain Symposium. He highlights tokenized treasuries around $2 billion in TVL, Ondo Stocks reaching $1 billion in TVL in eight months, and an RWA perpetuals exchange clearing about $1.5 billion weekly. Hoffman frames tokenization as the next ETF-like transformation, offering 24/7 access, transparency, control, speed and lower costs.

• John Hoffman joined Ondo Finance three months ago after 18 years at Invesco, most recently leading its Americas ETF business.
• He compares tokenization's early adoption path to the rise of ETFs.
• Ondo's tokenized treasury products have about $2 billion in TVL.
• Ondo Stocks reached $1 billion in TVL in eight months and over $30 billion notional since launch.
• Ondo's RWA perpetuals exchange launched seven weeks ago and clears roughly $1.5 billion per week.
• Hoffman says on-chain assets offer always-on access, transparency, control, speed and lower costs.
• Ondo products are currently available outside the US, with regulatory engagement ongoing for a potential US path.