TechFlow news, July 23 — According to The Block, 21Shares has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded product tracking the ONDO token. ONDO is the native token of the Ondo Finance platform, which focuses on tokenizing real-world assets (RWA), such as U.S. Treasury bonds and money market funds.
Ondo Finance, founded by former Goldman Sachs employees, recently announced its acquisition of Oasis Pro, a regulated U.S. broker-dealer, and a partnership with Pantera to advance a $250 million RWA investment initiative. Notably, Ondo is linked to President Trump's World Liberty Financial DeFi project, which has already purchased approximately $500,000 worth of ONDO tokens for its multi-asset fund.
Currently, dozens of crypto-related ETF proposals are awaiting SEC approval, and analysts have raised the likelihood of approval for XRP, Dogecoin, and Cardano ETFs to 90%.
