According to CoinWorld news, 21Shares has submitted a filing for an exchange-traded product that tracks ONDO, the native token of the Ondo real-world asset platform. According to a report from the U.S. Securities and Exchange Commission, the company filed the S-1 document on Tuesday. Ondo Finance is a decentralized finance platform founded in 2021 by former Goldman Sachs employees Nathan Allman and Pinku Suran, focusing on tokenizing real-world assets such as U.S. Treasury bonds and money market funds. Ondo is associated with President Donald Trump through the World Liberty Financial DeFi project. World Liberty has purchased approximately $500,000 worth of ONDO tokens for its multi-asset treasury. Earlier this month, the platform announced it would acquire the U.S.-regulated broker Oasis Pro to expand its tokenization business. The company is also collaborating with Pantera to develop a $250 million RWA investment plan. Dozens of cryptocurrency-related ETF proposals are awaiting approval from the U.S. Securities and Exchange Commission. Last month, Bloomberg analysts raised the probability of spot XRP, Dogecoin, and Cardano ETFs being approved by the end of the year to 90%.
