The 21Shares’ negotiated funds negotiated on the 21Shares granted to American regulators for a product according to the cash price of Ondo, the native token of the decentralized financial protocol Ondo Finance.
21Shares on Tuesday submitted a preliminary prospectus to the Securities and Exchange Commission against the “21shares Ondo Trust”, which aims to directly contain the Ondo (ONDO) tokens and to follow the performance via the financial reference rate CF CF CF. Coinbase will provide guard of the tokens.
It will be a passive investment vehicle without speculation or lever effect. Authorized participants can create or buy actions in cash or in kind.
Ondo is the indigenous utility token of the Ondo chain, a blockchain of the proof of layer 1 by emphasizing the financial markets of institutional quality and active real world (RWAS).
Ondo has a market capitalization of 3.5 billion dollars and an offer circulating of 3.1 billion out of a total of 10 billion tokens. It is currently at a price of $ 1.12, which is down 48% compared to its top of all time in December of $ 2.14, according to Coingecko.
Ondo got attached to the advantages
The Trump Family DEFI platform, World Liberty Financial, was a support from Ondo Finance, after adding the platform token to its assets.
In December, World Liberty Financial purchased $ 250,000 from Ondo, and it currently has 342,000 tokens worth around $ 383,000, according to Nansen.
However, the Ondo holdings of the Trump Defi platform represent only 0.2% of the total portfolio of $ 208 million, which is mainly stable and the wrapped (ETH) and Bitcoin (BTC) ether.
Concentrate on institutional RWA tokenization
Earlier this month, Ondo Finance acquired the broker registered in the dry Oasis Pro in order to launch token titles in partnership with Pantera Capital.
In relation: $ 250 million Ondo Catalyst Fund Signals ‘Weapon Race’ for Rwa Tokenization
Oasis Pro is registered with the SEC as a trading system and an alternative transfer agent, which means that it is a place of negotiation non -exchange and can manage the property of the securities. He has also been a member of the Financial Industry Regulatory Authority since 2020.
Ondo Chain, the blockchain of layer 1 focused on the platform for Wall Street companies for Tokenize Rwas, was announced in February.
Rwa onchain value of
Real value of real assets token kmmmm mmmmonchain has skyrocketed this year, increasing by 58% to almost 25 billion dollars, according to Rwa.xyz.
The lion’s share of these assets, which are mainly private credits and American Treasurys, is tokenized on Ethereum, which has a market share of 55%.
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