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21Shares has filed to launch an ETF tracking the ONDO token.
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Ondo tokenizes real-world assets like Treasurys and money market funds.
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The firm is tied to Trump-affiliated World Liberty Financial, which holds ONDO.
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This is the latest in a wave of ETF filings tied to real-world asset tokenization.
ONDO ETF Proposal Lands with SEC
21Shares has filed a proposal with the SEC to launch a new exchange-traded product tracking ONDO, the native token of the Ondo Finance protocol. According to Tuesday’s S-1 filing, the fund will give investors exposure to tokenized real-world assets (RWAs), a segment gaining increasing attention.
Ondo Finance, founded by ex-Goldman Sachs executives, focuses on tokenizing traditional assets like Treasurys and money market instruments.
Political and Institutional Ties Fuel Interest
The ONDO token also appears in the treasury holdings of World Liberty Financial, a DeFi project associated with former President Donald Trump. That link, alongside institutional partnerships like the recent acquisition of broker Oasis Pro and a $250M RWA deal with Pantera, has drawn attention from ETF issuers.
ETF Landscape Continues to Expand
The ONDO filing joins a growing list of crypto ETF applications awaiting SEC approval. Bloomberg analysts recently raised the odds of approval for several altcoin ETFs — including XRP, DOGE, and ADA — to 90% by year-end.
