Ondo’s John Hoffman says BlackRock built portfolio tokens are the SPY moment for on-chain finance

Crypto is evolving from a $3 trillion speculative niche into a $100 trillion technology that will power all global markets. This is the "SPY moment" for on-chain finance, where entire BlackRock-developed strategies are compressed into single tokens to be used as collateral for DeFi lending. We are moving past simple "buy and hold" into a world where tokenized stocks run the financial infrastructure. Is a 33x growth for crypto actually inevitable? What’s your take?
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