Cryptocurrency ETP issuer 21Shares has officially submitted an S-1 securities registration statement to the U.S. Securities and Exchange Commission (SEC) concerning the ONDO Trust. This filing indicates 21Shares' intent to offer securities tied to the ONDO token. The ONDO token is associated with Ondo Finance, a platform focused on institutional-grade decentralized finance (DeFi). By registering securities related to the ONDO Trust, 21Shares aims to provide a regulated and accessible avenue for investors seeking exposure to this specific area of the digital asset market. The SEC's review process will determine whether the offering meets regulatory requirements for investor protection. If approved, this could mark a significant step in bringing institutional DeFi exposure to a wider audience through traditional investment vehicles. ```