21Shares presents request for Etf Ondo in cash before the SEC

The requested company to create a financial product linked to Token ONDO, Backed by real world assets, this in the middle by regressive account for the arrival of bags listed on the stock market based on Altcoins.

***

• 21Shares presented to the Sec request to launch an ETF linked to Ondo
  
• ONDO FINANCE Plan to acquire a regulated broker in the US. And expand tokenization.
  
• The project World Liberty Financial bought half a million in tokens Ondo for your treasury.

21Shares, the Switzerland firm recognized for its funds quoted in the stock exchange (ETF) related to cryptocurrency, presented today An application before the United States Stock Exchange and Securities Commission (SEC) To list a new instrument linked to Token Ondo

The proposal points to an ETF that follows the performance of the native token of ONDO FINANCEa platform DEFI Specialized in real world asset tokenization (RWA). The presentation was made through the form S-1the initial step to obtain regulatory approval in the United States.

The project Ondo He has captured attention both for his technical profile and for his recent institutional and political connections.

What is ONDO FINANCE And what is its relevance?

ONDO FINANCE It was founded in 2021 by Nathan Allman and Pinku Suran, both former employees of the investment bank Goldman Sachs. Its main objective is to transfer traditional instruments such as US Treasury Bonds Blockchain Through Tokenization.

The company seeks to facilitate access to regulated assets using interoperable and programmable tokens. In this way, it allows global users to invest in stable assets without the need for traditional intermediaries.

Recently, ONDO FINANCE announced its intention to acquire Oasis pro markets, A broker registered in the United States. This strategic acquisition would give the entity a platform to expand its capacity for issuance and distribution of tokenized assets within a formal regulatory framework.

Millionaire alliances and political ties

In addition to its acquisition movement, Ondo has established an association with the investment firm Capital Panther to manage an investment plan of USD $ 250 million in real world assets. This fund seeks to accelerate the adoption of RWA Within the crypto ecosystem.

A striking fact is that ONDO FINANCE is indirectly related to the president Donald Trump Through the project Defi World Liberty Financial. This initiative, which supports causes aligned with the ideology of the president, has acquired approximately USD $ 500,000 in tokens Ondo to form your multisectoral treasury.

Although Trump’s involvement is not direct, the link has generated speculation about possible regulatory and political implications, especially in a context where scrutiny over crypto products intensifies.

A market that expects green light from the Sec

The request for 21Shares It adds to a growing list of ETF proposals based on cryptocurrencies and tokens linked to real assets. In June, analysts of Bloomberg The probabilities of approval of the bags contributed in the stock market were increased based on XRP, Dogecoin, Solana and Cardano At 90% before the end of the year, which has fed positive expectations in the market.

Until now, most ETFs approved by the Sec They have been of futures, not cash. The case of Ondo It represents an emerging category: tokens backed by real world assets, which could establish a new precedent if it achieves approval.

With a solid institutional base, strategic backups and a pro-regulation narrative, ONDO FINANCE and his token Ondo They are positioning themselves as protagonists in the next phase of decentralized financial development.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, freely used, licensed under public domain

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter