[Ondo: Asset Tokenization is Following the Early Development Path of ETFs] Odaily Planet Daily News - John Hoffman, Head of Product Portfolio at Ondo Finance, stated that the development trajectory of tokenized assets is highly similar to that of early ETFs: evolving from initial skepticism and uncertainty to broader market adoption. Speaking at the Wyoming Blockchain Symposium 2026, Hoffman noted that the 33-year development history of ETFs closely mirrors the current evolution of the tokenization market. He believes the market is experiencing a repeat of how a new technology gradually transforms the financial sector. Hoffman joined Ondo just over two months ago, after working in traditional finance for 18 years, where he oversaw Invesco's Americas ETF business. He remarked that ETFs in their early days faced similar doubts, such as whether the technology was viable and what problems it actually solved—questions that are now being raised in the realm of tokenized assets. Since launching OUSG in early 2023, Ondo has begun offering tokenized U.S. Treasury products, providing institutional investors with exposure to short-term U.S. government debt. Hoffman revealed that the total locked value of Ondo's U.S. Treasury products currently stands at approximately $2 billion. (The Block)