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John Hoffman, the head of Ondo Finance's product portfolio, stated at the Wyoming Blockchain Symposium 2026 that the development path of asset tokenization is similar to early ETFs and is moving from skepticism to widespread adoption. John Hoffman believes that the tokenization market is undergoing a process of new technologies changing the financial market, and the current challenges it faces are consistent with the early stages of ETFs. Ondo has provided token treasury bond bond products since the launch of OUSG in early 2023. At present, the total locked position value of Ondo's treasury bond products is about US $2 billion. (The Block)