ONDO Finance hires former Invesco ETF chief to expand onchain products
Stocks
Ondo Finance has appointed Eric Pollackov, the former global head of ETF capital markets at Invesco, to accelerate its expansion into onchain ETFs and equities. This strategic hire follows the platform surpassing $1 billion in total value locked, marking a significant milestone for the RWA sector. Ondo’s Global Markets platform focuses on tokenizing traditional financial products to mirror the liquidity and pricing of conventional brokerages. The company previously partnered with Franklin Templeton in March 2026 to bring five of the asset manager's ETFs onto the blockchain. These initiatives are supported by institutional-grade integrations, including Broadridge for asset voting and Chainlink for real-time equity price feeds. Under new CEO Ian De Bode, the firm continues to integrate traditional finance expertise to navigate the complex regulatory landscape surrounding tokenized securities. While these advancements offer continuous trading access and new DeFi collateral options, the platform faces ongoing uncertainty regarding SEC oversight and potential future compliance costs.
Key points
- ▸Eric Pollackov, former Invesco ETF chief, joins Ondo Finance to lead onchain expansion.
- ▸Ondo Finance surpassed $1 billion in total value locked across its RWA platform.
- ▸Franklin Templeton partnership in March 2026 brought five tokenized ETFs to the blockchain.
- ▸Broadridge and Chainlink provide essential infrastructure for voting and real-time price feeds.
Background
Ondo Finance operates a platform that tokenizes traditional financial assets, such as U.S. Treasuries and yield-bearing notes, to enable their use within decentralized finance (DeFi). By bridging traditional investment products with blockchain technology, the protocol allows assets like OUSG to function as collateral in lending markets like Aave.
Relevance
8/10