Asset manager 21Shares has taken a significant step towards potential market expansion by filing an S1 registration form for its Ondo Trust.
The filing, identified as 0002061627, was submitted to the relevant regulatory authorities. This action typically precedes a public offering or signifies a move towards obtaining formal regulatory approval for a financial product.
While specific details of the Ondo Trust’s structure and underlying assets were not immediately disclosed in the announcement, the filing underscores 21Shares’ ongoing efforts to navigate the regulatory landscape.
The move positions 21Shares to potentially offer a new regulated investment vehicle, aligning with growing institutional interest in compliant cryptocurrency exposure.