21Shares Ondo Trust Files for ONDO-Backed ETF with U.S. SEC

Asset manager 21Shares has filed with the United States Securities and Exchange Commission (SEC) an S-1 form to launch an ONDO Exchange-Traded Fund (ETF). The fund will track real-world assets using secure cold-store tokens.

The latest filing revealed that Coinbase Custody will safeguard the assets, providing a secure and regulated infrastructure that maintains clear separation and institutional-grade protection. 

Direct Access to ONDO Through the ETF

The ETF offers investors direct exposure to ONDO by holding the token itself. Its streamlined, passive design ensures clear and efficient price tracking, using a benchmark powered by aggregated trade data from top exchanges.

In collaboration with Pantera Capital, Ondo has launched a $250 million initiative to invest in tokenized real-world assets. The proposed ONDO ETF represents an additional instrument for market penetration and brand visibility, which may result in increased total value locked across its decentralized financial infrastructure.

Ondo Finance, known for tokenizing real-world assets such as Treasury securities, is expanding its U.S. footprint. The company has entered into an agreement to acquire Oasis Pro, a registered broker-dealer, to enhance its regulatory capabilities and scale up its operations in the rapidly growing tokenization space.

Unlike traditional funds, the fund is not governed by the Investment Company Act of 1940, which means it does not provide the same legal protections as registered investment vehicles.

ONDO Price Surges on ETF Buzz

The latest offering underscores 21Shares’ strategic vision to establish ONDO as a foundational asset in the tokenization of real-world assets. By enabling exposure through traditional financial vehicles, it broadens access to ONDO. The product bridges tokenized U.S. Treasuries and money market instruments with conventional capital market infrastructure.

Following the ETF announcement, the ONDO token has experienced a surge. The asset is trading at $1.10, representing a 4.4% over the last 24 hours, according to data from CoinGecko. The increase reflects strong demand and investor confidence in the asset.

Meanwhile, the allocation of the asset by World Liberty Financial to its multi-asset DeFi treasury underscores a growing institutional interest in the token. Despite the absence of security registration, ONDO’s participation in compliant investment vehicles has prompted increased scrutiny. With the ONDO ETF, the token’s relevance and long-term appeal are more visible.

While the approval for the ONDO ETF is still under consideration, the U.S. SEC may delay its decision, as it has done with other proposals in the past. In May, it delayed the application of asset managers Bitwise and 21Shares to launch Solana ETFs on Cboe’s BZX Exchange.

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