Ondo Finance hires ex-Invesco ETF chief John Hoffman to build onchain portfolios

Ondo Finance hired former Invesco ETF executive John Hoffman as managing director and head of product portfolios to expand beyond tokenized stocks and Treasuries into managed onchain investment portfolios. According to CoinDesk, Hoffman previously led distribution and partnerships at Grayscale Investments and spent nearly two decades at Invesco, most recently running its ETF and index strategies business in the Americas. Ondo said it aims to build and distribute tokenized portfolios and strategies around products including OUSG and USDY, as tokenized assets surpass $30 billion.