New product gives users direct ownership, automatic yield, and one-click global access in a single position, combining capabilities an ETF was never built to deliver
[NEW YORK - June 17th 2026] - Glider , the automated onchain investment platform, and Ondo Global Markets today launched a direct-indexed Magnificent 7 portfolio that holds the underlying stocks directly and pays an additional yield-currently around 5%, variable-on top of the equities themselves. The portfolio carries no expense ratio and no balance minimum, and investors enjoy the tax benefits of directly holding the underlying stocks rather than fund shares. It is available with a single click to investors almost anywhere in the world. It is the first product to pay a yield on the Magnificent 7 position itself rather than on cash held alongside it.
Each of the seven stocks is held directly rather than as a share of a fund. The direct indexing structure removes the expense ratio that funds charge in perpetuity and lets every holder manage tax events at the individual stock level rather than inheriting fund-level tax events. The position also earns yield generated onchain. Glider allows ownership to extend beyond just U.S. brokerage customers and automatically builds, rebalances, and executes the entire portfolio with no manager.
The Magnificent 7 account for more than 30% of the S&P 500 and drive the majority of U.S. equity returns, yet roughly 80% of the world cannot easily buy them. Glider's portfolio puts the same basket in front of an investor in Lagos, Jakarta and Tokyo alike, giving almost anyone with an internet connection the ability to earn the same yield.
"ETFs were built for a world where stocks lived inside brokerages and trades took days to settle. That world is ending," said Brian Huang, Co-Founder and CEO of Glider. "The direct ownership of onchain 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 offchain."
The launch lands as tokenized equities move from concept to scale. Ondo grew from zero to more than $1 billion in tokenized stocks in under a year, issuing securities-backed tokens on permissionless blockchains including Ethereum and Solana. That open, global issuance is what lets a portfolio like Glider's reach investors a traditional brokerage never could.
"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 - without a fund, a broker, or a border in the way. That's what Ondo Global Markets was built to enable" Armand Khatri, Head of Ecosystem, Ondo Finance.
Glider users hold the real underlying asset rather than a pooled fund position, enabling strategies an ETF can't express-including delta-neutral yield and the ability to short individual assets directly from a portfolio. Both depend on true ownership and onchain settlement, and neither is possible inside a fund wrapper. For more information, visit glider.fi .
About Glider
Glider is an automated investment platform that lets anyone build and share personalized portfolios without a fund manager, brokerage account, or financial advisor. Founded in 2024 by Brian Huang (formerly XTX Markets, Anchorage) and John Johnson (formerly 0x, Matcha), with team members from Coinbase, MetaMask, 0x, and Robinhood. Glider is backed by a16z CSX, Coinbase Ventures, Uniswap Ventures, and Ondo Finance, among others. Learn more at glider.fi .
About Ondo Finance
Ondo Global Markets is an issuance and redemption platform for tokenized publicly traded U.S. stocks and ETFs. It enables investors outside the United States to gain economic exposure to these assets by minting, transferring, and redeeming securities-backed tokens. Each token is fully backed by the corresponding stock or ETF (together with cash in transit). Learn more at
Ondo Finance .
Media Contact
Melrose PR | glider@melrosepr.com
