21Shares Submits S-1 Documents Related to ONDO ETF to the US SEC

On July 23, according to The Block, 21Shares has submitted an application to launch an ETF that tracks the native token $ONDO of the RWA platform $Ondo Finance. According to a report from the U.S. Securities and Exchange Commission (SEC), the company submitted an S-1 registration statement on Tuesday. $Ondo Finance was founded in 2021 by former Goldman Sachs employees Nathan Allman and Pinku Suran, and focuses on the tokenization of real-world assets such as U.S. Treasuries and money market funds. The platform is associated with the World Liberty Financial DeFi project associated with President Trump, which has purchased approximately $500,000.00 worth of $ONDO tokens for its multi-asset reserve. [PANews]