City Protocol Launches Onchain Token Portfolio (OTP) to Reconstruct ETFs on Blockchain

City Protocol has introduced Onchain Token Portfolio (OTP), a structured product market that allows investors to trade entire investment portfolios as single assets. Unlike traditional funds, OTP enables users to purchase a basket of tokenized stocks in a single transaction, with the assets held directly in the user's own account without intermediaries. The first three index-based OTPs, including the Magnificent Seven Index OTP on BNB Chain, have been launched. This platform aims to address the limitations of traditional ETFs, which operate on restricted schedules and involve multiple layers of intermediaries.