According to CoinMeta, the person in charge of ondo finance products, John Hoffman, stated that the development path of asset tokenization is similar to that in the early stages of ETF and is gradually moving from a phase of market skepticism to one of adoption. ondo launched a tokenized U.S. Treasury product in 2023, OUSG. Currently, the related Treasury products, which include tokenized stocks worth approximately $2 billion, and ETF platform, have reached $1 billion in transactions within 8 months of going live, TVL. Hoffman mentioned that since the launch of its perpetual contract platform 7 weeks ago, the nominal trading volume has been around $9 billion, and the company also plans to introduce "smart portfolios" that package multiple tokenized stocks into a single token. At present, these related products are only available outside of the United States. ondo hopes that with the advancement of legislation such as Clarity Act, tokenized products can be offered in the U.S. as well.