Change-traded fund supplier 21Shares is pushing additional into the tokenized finance sector, submitting with U.S. regulators for a spot ETF that tracks the native token of Ondo Finance.
Key Takeaways:
- 21Shares has filed for a spot ETF that might instantly maintain ONDO.
- Ondo is constructing out institutional-focused tokenization infrastructure.
- Tokenized real-world belongings are on the rise, with $25B now on-chain.
In accordance to a preliminary prospectus submitted to the Securities and Change Fee on Tuesday, the proposed “21Shares Ondo Belief” will maintain ONDO tokens instantly and comply with the CME CF Ondo Finance-Greenback Reference Charge.
Coinbase will act as custodian of the tokens. The fund is designed to be a passive funding car, with no leverage or energetic hypothesis. Shares might be created or redeemed in money or in-kind.
ONDO Powers Layer-1 Blockchain Constructed for Institutional Finance and RWAs
ONDO is the utility token powering Ondo Chain, a layer-1 proof-of-stake blockchain purpose-built for institutional finance and tokenized real-world belongings (RWAs).
With a present market cap of $3.5 billion and a circulating provide of three.1 billion tokens, ONDO is priced at $1.12, down 48% from its December peak of $2.14, per CoinGecko.
Among the many token’s notable backers is World Liberty Monetary, the Trump-affiliated DeFi platform.
The group bought $250,000 value of ONDO in December and at the moment holds 342,000 tokens, valued at round $383,000, per Nansen knowledge.
Nonetheless, ONDO accounts for simply 0.2% of the platform’s $208 million portfolio, which leans closely on stablecoins, wrapped Ether, and Bitcoin.
MASSIVE ALERT: $ONDO is the subsequent institutional darling!
BlackRock did not align with $XRP and $ONDO by chance – they see what’s coming
21Shares ETF submitting = institutional floodgates about to OPEN
Sensible cash is positioning NOW earlier than retail catches up!
pic.twitter.com/qdHxgsq9R4
— Jeff Prepare dinner
(@jeffiscooking) July 22, 2025
21Shares’ ETF submitting follows a busy month for Ondo Finance. Earlier in July, the protocol acquired SEC-registered broker-dealer Oasis Professional to advance its tokenized securities technique.
The transfer, made in collaboration with Pantera Capital, is seen as a bid to bridge conventional finance with blockchain infrastructure.
Oasis Professional, which operates as an Various Buying and selling System and SEC-registered switch agent, has been a FINRA member since 2020.
Ondo’s broader imaginative and prescient was specified by February with the launch of Ondo Chain, its devoted blockchain designed to cater to Wall Avenue corporations and institutional-grade tokenization.
The submitting comes amid a surge in tokenized real-world asset exercise. On-chain RWA worth has jumped 58% this 12 months to almost $25 billion, in accordance to RWA.xyz.
Ethereum at the moment dominates the area, with 55% of RWA tokenization exercise, largely in personal credit score and U.S. Treasurys.
95% Approval Probability for Spot Solana, XRP ETFS
As reported, Bloomberg’s senior ETF analysts have assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this 12 months, elevating their earlier odds from 90% amid rising optimism for institutional crypto merchandise.
In addition they count on a crypto index ETF monitoring a number of belongings may acquire approval as early as this week, signaling broader entry to altcoins for conventional buyers.
Past ETFs, institutional Bitcoin demand is spreading into company treasuries.
As reported, Singapore-headquartered edtech agency Genius Group has doubled its Bitcoin holdings to 200 BTC after buying 20 BTC final week, a part of a wider technique to construct a ten,000-BTC treasury.
Public corporations are increasingly adding altcoins like Ether (ETH), Solana’s SOL, and XRP to their treasury methods, in accordance to a report from Animoca Manufacturers Analysis.
Michael Saylor’s Technique popularized this mannequin by holding over 600,000 Bitcoins as a hedge in opposition to inflation and foreign money devaluation.
The publish 21Shares Files for Spot ETF Tied to Ondo Finance’s Native Token appeared first on Cryptonews.
