Tokenized assets are following a development path similar to early exchange-traded funds, moving from skepticism and uncertainty toward broader adoption, Ondo Finance product portfolio lead John Hoffman said at the 2026 Wyoming Blockchain Symposium. Hoffman, who joined Ondo more than two months ago after 18 years in traditional finance and leading Invesco’s Americas ETF business, said the 33-year evolution of ETFs offers a useful parallel for tokenization. Ondo began offering tokenized U.S. Treasury products with OUSG in early 2023, and its Treasury-focused products now have about $2 billion in total value locked, according to Hoffman.