In a moment worthy of a grand novel, the illustrious exchange-traded fund issuer, 21Shares, has embarked on an audacious journey, filing with the august regulators of the United States for a product intended to keep pace with the whims and whirrs of the spot price of Ondo—yes, the very native token of the decentralized finance marvel, Ondo Finance. Who would have thought?
Dated on a rather ordinary Tuesday, 21Shares presented a preparatory prospectus to the venerable Securities and Exchange Commission, presenting the boldly christened “21Shares Ondo Trust.” This venture aspires not only to possess Ondo (ONDO) tokens directly but to track its performance in a manner so precise that it would make a mathematician weep, utilizing the CME CF Ondo Finance-Dollar Reference Rate as its guiding star. And, as if that were not enough, Coinbase is set to guard these tokens like a mother hen with her chicks. 🐥
Now, fret not, dear reader, for this contraption will be a passive investment vehicle, void of speculation and leveraging madness, akin to an old man quietly enjoying tea. Authorized participants (what a title!) may create or redeem shares either in cash or in-kind, as if playing a game of financial poker. 🃏
ONDO, the splendid native utility token of Ondo Chain—a layer-1, proof-of-stake blockchain designed for the elite rooms of institutional-grade financial galas and the tokenization of real-world assets—is quite the spectacle. With a market capitalization strutting at $3.5 billion and a circulating supply of 3.1 billion out of a total of 10 billion tokens, the ONDO token currently flirts with a price of $1.12. Alas, this represents a staggering 48% decline from its halcyon days in December, when it reached a dizzying height of $2.14, as chronicled by the wise sages of CoinGecko. 📉
ONDO: The Unexpected Affair with the Trumps
In a twist that could rival the pages of the finest dramas, we find the Trump family’s DeFi platform, World Liberty Financial, playing a supporting role in Ondo Finance. Imagine, if you will, the Trump family adding Ondo’s token to their eclectic collection of assets!
In December, the audacity of the Trump DeFi platform manifested in a purchase that rounded out to a notable $250,000 worth of ONDO. As of the latest reports, they graciously hold 342,000 tokens, currently valued at around $383,000, according to Nansen. Yet, indulge me a moment: this fondness for ONDO merely constitutes a paltry 0.2% of their regal portfolio, which primarily consists of stablecoins, wrapped Ether (ETH), and Bitcoin (BTC) — oh, what lowly company! 😂
A Noble Pursuit: Institutional RWA Tokenization
Ah, what a month it has been! Only recently, Ondo Finance, in a move indicative of high ambition, acquired the SEC-registered broker-dealer Oasis Pro, all in pursuit of launching tokenized securities in concert with the enigmatic Pantera Capital. A bold endeavor, indeed!
//s3.cointelegraph.com/uploads/2025-07/01983572-dae5-7101-88c9-116a47034ffe”/>
Read More
- BTC PREDICTION. BTC cryptocurrency
- LSETH PREDICTION. LSETH cryptocurrency
- JUP PREDICTION. JUP cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- CRV PREDICTION. CRV cryptocurrency
- EUR AED PREDICTION
- TRUMP PREDICTION. TRUMP cryptocurrency
- USD THB PREDICTION
- EUR INR PREDICTION
- SOL PREDICTION. SOL cryptocurrency
2025-07-23 07:46