just submitted a S‑1 filing with the SEC for my “21Shares Ondo Trust” — an ETF designed to track the spot price of ONDO, the native token of Ondo Finance. Our plan is straightforward: the fund will hold ONDO tokens directly, mirror the CME CF Ondo Finance‑Dollar Reference Rate, and use Coinbase Custody to securely store the assets .
This isn’t a speculative or leveraged play — it’s a passive, physically backed investment vehicle. Authorized participants will be able to create or redeem shares either in cash or in-kind. By choosing a passive structure, we’re aiming for transparency, efficiency, and simplicity .
From my perspective, this move is more than just a new product — it’s part of a bigger strategy. Ondo Chain has a clear mission: tokenize real‑world assets, especially U.S. Treasuries, on‑chain for institutional players. With Ondo Finance acquiring Oasis Pro (an SEC‑registered broker‑dealer) and partnering with Pantera on a $250 million RWA initiative, they’re stacking all the institutional building blocks in place .
To me, the ONDO ETF isn’t just another offering — it’s a bridge between DeFi and traditional finance. We’re essentially inviting mainstream investors to access tokenized Treasury and fixed‑income assets via a familiar, regulated ETF wrapper. If approved, this will mark a significant milestone for tokenized RWAs — a real proof point that on‑chain assets can find a home in conventional portfolios .
In short, I'm proud to be leading this charge — poised to bring regulated DeFi innovation directly to Wall Street.
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