💥A bold step for DeFi comes to Wall Street:

21Shares has filed an application for an ETF of #ONDO with the U.S. SEC. This fund would seek to provide exposure to tokenized real-world assets (RWAs), such as U.S. Treasury bonds, through decentralized finance.

21Shares' initiative with the "21Shares Ondo Trust" marks a crucial milestone for the institutional adoption of DeFi in an evolving regulatory landscape. If approved, the ETF of $ONDO could legitimize tokenized Treasury bonds, opening the doors to greater participation from traditional investors in the promising RWA market.