Ondo Finance and Ripple Discuss OUSG Integration with XRPL at Apex 2025

Ondo Finance has hired **John Hoffman** as Managing Director, Head of Product Portfolios, to expand beyond individual tokenized assets into full portfolio products. Hoffman brings deep experience from traditional finance: - Nearly 20 years at Invesco, leading ETF and index strategies - Most recently Managing Director at Grayscale Investments - Track record in ETF launches and digital asset distribution The appointment signals Ondo's strategic shift from infrastructure building to product distribution. The company plans to launch tokenized investment baskets in partnership with established asset managers, alongside proprietary innovations. This move positions Ondo to bridge traditional portfolio management with onchain capital markets infrastructure.

Tokenized US Treasuries are shifting from simple holdings to active collateral in institutional crypto markets. **Key Development:** - Ericsenz Capital now uses USDY (tokenized Treasuries) as collateral for its Bitcoin Dual-Currency Note program - B2C2Group provides institutional liquidity infrastructure - USDY continues earning Treasury yields while serving as collateral **How It Works:** 1. Ericsenz issues Bitcoin Dual-Currency Notes 2. B2C2 holds USDY as collateral backing these notes 3. The collateral maintains its yield-generating properties This represents one of the first instances of tokenized Treasuries functioning as collateral in institutional Bitcoin markets, demonstrating practical utility beyond passive investment vehicles. The move follows similar developments, including Binance's support for USYC as off-exchange collateral for institutional clients, signaling growing integration of traditional financial instruments into crypto infrastructure.

Ledger Wallet now supports native swapping of tokenized stocks through a partnership with 1inch and Ondo Global Markets. **Key Features:** - 260+ tokenized stocks available for self-custody - Gasless execution via 1inch intent-based swaps - Hardware-backed clear signing for security This integration follows Ondo's recent expansion across multiple platforms. The tokenized stock category has shown significant growth, particularly on BNB Chain where Ondo Global Markets surpassed $1 billion in TVL. The platform has recorded over $5 billion in cumulative trading volume since launching on BNB Chain in October. Ondo tokenized stocks are also expanding utility as collateral on platforms like Euler Finance and the upcoming OndoPerps integration.

Ondo Finance has announced the public beta launch of **OndoPerps**, a platform for equity perpetuals. **Key Details:** - Ondo developed the underlying technology powering the platform - OndoPerps is described as the first capital-efficient platform for equity perps - The platform leverages Ondo's institutional-grade infrastructure - Now available for public testing This marks Ondo's expansion beyond tokenized US Treasuries into derivatives trading infrastructure.

**SpaceX has officially gone public in what's being called the largest IPO in history, with tokenized shares available from day one.** The company's tokenized stock, **SPCX**, is now trading on Ondo Global Markets, marking a significant milestone in bringing traditional securities on-chain. Investors can trade SPCX using USDT on the Fizen platform. This represents a major step forward in the convergence of traditional finance and blockchain technology, as one of the world's most valuable private companies enters public markets with immediate tokenized access.