21Shares Files with SEC for Spot ONDO ETF

In Brief:

21Shares submits preliminary application for a spot ETF tied to ONDO, the token of Ondo Finance.

ONDO is a key token in real-world asset (RWA) tokenization and DeFi infrastructure.

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Asset manager 21Shares has officially filed a preliminary application with the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) tracking ONDO, the native token of Ondo Finance.

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Ondo Finance is a DeFi platform focused on real-world asset (RWA) tokenization and yield products. Its ONDO token plays a core role in governance and utility across its ecosystem, which includes tokenized Treasuries and institutional DeFi access.

The filing comes as demand for real-world asset exposure continues to grow, especially following the rise of tokenized Treasury products. If approved, the ONDO ETF would be one of the first to bring RWA-centric tokens into regulated U.S. markets.

This move also signals 21Shares’ continued push to expand its crypto ETF portfolio, having previously filed for products tied to Ethereum, Bitcoin, and now emerging DeFi infrastructure.

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