21Shares Don File S-1 for ONDO RWA Token ETF
21Shares don file S-1 registration wit di U.S. SEC to launch new ONDO ETF wey dey track di ONDO token wey Ondo Finance dem release for dia real-world asset (RWA) platform. Ondo Finance, wey na 2021 Goldman Sachs former oga dem Nathan Allman and Pinku Suran start am, dey tokenize U.S. Treasuries and money market funds through dia DeFi protocol. Di kontri protocol dey offer regulated, liquid access to real-world assets through standard brokerage accounts. Dis ETF structure dey use 21Shares ETP sabi palava to handle custody, valuation and compliance wahala dem. Dis proposal get connection with World Liberty Financial DeFi project wey get link wit former President Trump, wey carry like $500,000 ONDO as part of dia multi-asset reserve. If SEC gree the S-1, e go mark di first U.S. RWA token ETF, fit make blockchain-based asset tokenization get better acceptance, boost liquidity, fractional ownership and transparency. Traders make dem watch di SEC review time and possible listing decisions wella, because if dem gree am, e fit make market interest in tokenized asset ETFs rise.
Bullish
For short term, di S-1 filing fit make people begin dey speculate for ONDO, as traders dey expect SEC feedback and possible listing, wey fit make trading volume and price go up. For long term, if SEC approve ONDO ETF, e go show say real world asset tokenization fit dey for regulated market, open road for more institutions to adopt am. This blockchain-based RWA product endorsement fit make ONDO get better liquidity and demand, support steady bullish movement.