21Shares has filed with US regulators for an ETF tracking Ondo’s spot price, a token of Ondo Finance. ONDO has a market cap of $3.5 billion, with a circulating supply of 3.1 billion tokens. The Trump family’s DeFi platform, World Liberty Financial, holds 342,000 ONDO tokens worth around $383,000.

Ondo Finance acquired Oasis Pro to tokenize securities with Pantera Capital. Tokenized real world asset value onchain has surged 58% this year, reaching almost $25 billion. The majority of these assets, such as private credit and US Treasurys, are tokenized on Ethereum, holding a 55% market share.

Read more at Cointelegraph: 21Shares Files For Ondo ETF Targeting Real-World Assets