Ondo Finance taps ex-Invesco executive to expand tokenized portfolios

Ondo Finance has appointed former Invesco executive John Hoffman to lead product portfolio development as the company expands its tokenized asset strategy.

Hoffman will serve as managing director and head of product portfolios, overseeing the design and distribution of tokenized investment products. The appointment comes as asset managers increase activity in blockchain-based versions of traditional financial products.

John Hoffman takes the lead role in portfolio expansion

Ondo Finance said Hoffman will oversee tokenized investment baskets developed with asset management firms. The company plans to build portfolio products linked to its existing tokenized asset offerings. These products will extend beyond Treasury-focused investments and tokenized equities.

Before joining Ondo Finance, Hoffman served as head of distribution and partnerships at Grayscale Investments. He also spent nearly two decades at Invesco, where he worked on ETF and index strategies across the Americas. His experience includes product development, distribution, and portfolio management initiatives.

Hoffman discussed the pace of blockchain-based investment adoption during an interview. He said, “The infrastructure is there,” while describing future portfolio development. He also stated that onchain finance could shorten adoption timelines compared with traditional investment products.

Ondo expands beyond Treasury products and tokenized equities

The company intends to build portfolio products around its existing tokenized asset ecosystem. Ondo previously gained market traction through tokenized Treasury products including OUSG and USDY. Those products provide blockchain-based exposure to U.S. government debt instruments.

This year, Ondo expanded its offerings through the Ondo Global Markets platform. The platform provides access to tokenized equities and exchange-traded fund exposure. According to company data, Ondo Global Markets reports more than $1 billion in total value locked across approximately 250 stock and ETF products.

Hoffman told CoinDesk that Ondo seeks to build an onchain portfolio platform for global users. The company plans to work with asset managers on investment baskets and portfolio structures. These products would operate through blockchain infrastructure rather than traditional market settlement systems.

The tokenized asset market continues to attract institutional interest

The appointment comes as financial institutions continue testing tokenized asset products. Firms including BlackRock, Fidelity, and JPMorgan have explored blockchain-based settlement and asset issuance systems. These efforts focus on moving traditional financial assets onto blockchain networks.

According to RWA.xyz, the tokenized asset market has surpassed $30 billion in value. Separate forecasts from Citi estimate the market could reach $5.5 trillion by 2030. Research from BCG and Ripple projects further growth across tokenized asset categories.

Supporters of tokenization argue that blockchain-based assets can improve transfer efficiency and settlement processes. They also point to continuous market access and asset mobility across platforms. Ondo’s latest executive appointment adds to ongoing efforts to expand tokenized investment products beyond single-asset offerings.