Ondo Executive: Tokenization Following Same Development Path as Early ETFs

On August 21, as reported by The Block, Ondo Finance Managing Director John Hoffman said at the Wyoming Blockchain Symposium that tokenized assets are following the same trajectory as ETFs—early skepticism is shifting toward a growth phase of adoption. He noted that ETFs once faced the same doubts as tokenization, yet tokenized products are now being adopted faster than stablecoins and Treasury bonds: stablecoins took three years to reach $1 billion, tokenized Treasuries took 18 months, while Ondo Stocks reached $1 billion in TVL in just eight months. Ondo's perpetual contract platform reached approximately $9 billion in notional trading volume within seven weeks of launch, and the company is planning to introduce "smart portfolios" that bundle tokenized stocks. Hoffman added that as regulatory clarity improves, legislation such as the Clarity Act could open the door for the U.S. market.