Ondo Finance Spot ETF Filing Revealed — ONDO Surges Over 10% to 4-Month High

TradingKey – At around 5 a.m. on Wednesday, July 23, the price of ONDO, the native token of Ondo Finance, spiked more than 10%, rising from $1.05 to $1.16, its highest level since March 2025.

ONDO Price Chart – Source: CoinMarketCap

The surge was triggered by news that 21Shares, a leading crypto ETF issuer, has filed an S-1 application with the U.S. SEC to launch a spot ONDO ETF. 

Founded in 2021 by former Goldman Sachs associates Nathan Allman and Pinku Suran, Ondo Finance specializes in tokenizing real-world assets (RWAs) such as U.S. Treasuries. Its flagship product, USDY, is already deployed across multiple blockchains including Solana (SOL), Sei (SEI), and Stellar (XLM).

Now, Ondo is expanding into equities:

• Recently acquired Oasis Pro, a SEC-regulated broker
• Developing Ondo Global Markets, a tokenized U.S. stock platform
• Expected to launch this summer, with 100+ stocks on-chain initially, scaling to thousands by year-end