✉news BusinessFinance first seen 9 h ago, last 7 h ago, peak #13
Ondo executive calls tokenized BlackRock portfolios the new SPY moment
Original: Ondo’s John Hoffman says BlackRock-powered portfolio tokens are the SPY moment for on-chain finance
John Hoffman, a senior figure at tokenization firm Ondo Finance, says portfolio tokens built on BlackRock products could do for on-chain finance what the SPY exchange-traded fund did for traditional investing: bring mainstream assets to a far wider audience through a simple, tradable wrapper. The comments position tokenized funds as the next step in bringing institutional-grade portfolios onto public blockchains.
Why now: Tokenized real-world assets are a fast-growing theme in finance, and a comparison to the landmark SPY ETF is a striking claim about where the market is heading.
Ondo FinanceJohn HoffmanBlackRockSPY
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Evidence
- Ondo’s John Hoffman says BlackRock-powered portfolio tokens are the SPY moment for on-chain finance · Yahoo Finance
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