Glider and Ondo Finance launched an on-chain Magnificent 7 ETF providing direct stock ownership and yield.
On-chain investment platform Glider and Ondo Global Markets have launched a direct-indexed Magnificent 7 portfolio that holds underlying US equities directly while passing additional yield to investors.
The product expands access to key US equity returns globally, enabling cross-border investors to maintain direct asset ownership, eliminate typical fund expense ratios, and utilise custom strategies like delta-neutral yield.
Glider users hold the real underlying asset rather than a pooled fund position, enabling strategies like delta-neutral yield and the ability to short individual assets directly from a portfolio.
The portfolio carries no minimum balance requirements, and the underlying architecture allows non-US investors to manage individual tax events at the single-stock level rather than inheriting collective fund liabilities.
Brian Huang, Co-Founder and CEO at Glider, said: “The direct ownership of on-chain stocks removes all middlemen. No fund managers, no expense ratio. This Magnificent 7 portfolio is a fundamentally better product for investors than anything you can access off-chain.”
Armand Khatri, Head of Ecosystem at Ondo Finance, said: “Direct indexing has always been a wealth management privilege. Glider changes that. Investors anywhere in the world can now hold the Magnificent 7 directly, earn yield on top, and manage their own tax exposure.”
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