Ondo Hit $1 BILLION in 8 Months - What Comes Next Is Even Bigger

Host John Gillen speaks with Ondo Finance managing director John Hoffman about the rapid growth of tokenized Treasuries, stocks and ETFs. Hoffman explains why he views tokenization as an evolution comparable to the early ETF market, with global access, 24/7 trading, self-custody and programmability reshaping how investors hold and use assets.

Hoffman also breaks down Ondo Intelligent Portfolios, including how smart contracts automate investment, rebalancing and custody workflows and how BlackRock provided the strategies behind three initial portfolios. He clarifies what investors actually own when buying tokenized equities, the role of collateral attestations, and why these products can provide economic exposure without every right attached to direct stock ownership.

The discussion examines regulation, competition and the path to bringing more tokenized products to US investors. Hoffman argues that adoption will take time because financial markets carry switching costs, but expects the transition to move faster than ETFs as tokenization and AI converge.