21Shares Files S-1 with SEC to Seek Approval for ONDO Token Exchange Traded Fund.
On July 23, according to information from The Block, the digital asset management company 21Shares officially filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to seek approval for launching an Exchange Traded Fund (ETF) tracking the performance of ONDO token – the native asset of Ondo Finance platform.
Ondo Finance is a platform specializing in tokenizing real-world assets (RWA), established in 2021 by two former Goldman Sachs employees, Nathan Allman and Pinku Suran. The platform focuses on bringing traditional assets such as US Treasury bonds and money market funds onto the blockchain through tokenization.
Notably, Ondo Finance is also linked with World Liberty Financial – a DeFi project that gained attention due to its connection with former US President Donald Trump. The organization has invested approximately $500,000 to purchase ONDO tokens to diversify its reserve asset portfolio.
