TechFlow News, June 11: According to CoinDesk, Ondo Finance announced the appointment of John Hoffman—former Head of ETF and Index Strategy for the Americas at Invesco and former Executive Director at Grayscale—as Managing Director of Portfolio Business. In this role, Hoffman will oversee the development and distribution of tokenized portfolio products, including investment baskets co-developed with asset management firms and strategies built around Ondo’s existing products. This move marks Ondo Finance’s strategic expansion from single-asset tokenization (e.g., its Treasury product OUSG, USDY, and over 250 stocks and ETFs) to fully custodied onchain portfolio solutions.
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