21Shares files for ONDO ETF

21Shares has filed for an exchange-traded product tracking ONDO, the native token for the Ondo real-world asset platform. The firm submitted its S-1 filing on Tuesday, according to a U.S. Securities and Exchange Commission report .

Ondo Finance is a decentralized finance platform founded in 2021 by former Goldman Sachs associates Nathan Allman and Pinku Suran, focused on tokenizing real-world assets like U.S. Treasury bonds and money market funds.

Ondo is in the orbit of President Donald Trump through the World Liberty Financial DeFi project. World Liberty has purchased approximately half a million worth of ONDO tokens for its multi-asset treasury.

Earlier this month, the platform said it would acquire U.S.-regulated broker Oasis Pro to expand its tokenization business. The firm has also partnered with Pantera on a $250 million RWA investment plan.

There are dozens of crypto-related ETF proposals awaiting SEC approval. Last month, Bloomberg analysts raised their year-end odds of spot XRP, Dogecoin, and Cardano ETF approvals to 90%.