21Shares submits S-1 documents related to ONDO ETF to the US SEC

According to The Blcok, 21Shares has submitted an application to launch an ETF that tracks the Ondo Finance native token ONDO on the RWA platform. According to a report from the US Securities and Exchange Commission (SEC), the company submitted an S-1 registration statement on Tuesday. Ondo Finance, founded in 2021 by Nathan Allman and Pinku Suran, former Goldman Sachs employees, focuses on the tokenization of real world assets such as US treasury bond bonds and money market funds. The platform is associated with President Trump's World Liberty Financial DeFi project, which has purchased approximately $500000 worth of ONDO tokens for its multi asset reserves.