The managing company 21Shares has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch the ONDO exchange-traded fund (ETF).

Binance US has confirmed the listing of the altcoin, with trading set to begin today, July 23. $ONDO surged from a daily low of $1.0583 to $1.1642, increasing by 10% as optimistic news triggered bullish momentum. The cryptocurrency has witnessed a surge in interest from institutional investors, with giants like BlackRock showing interest.

MasterCard has chosen Ondo Finance as its first RWA provider, while Ripple has utilized blockchain to launch OUSG on its XRPL.