2 weeks ago
Tokenized real-world assets steadfast Ondo Finance announced the unexpected decease of laminitis Nathan Allman connected Tuesday, with longtime president Ian De Bode stepping successful arsenic CEO.
May 26, 2026, 6:13 a.m. 1 min read
Ondo Finance laminitis Nathan Allman has died, the institution said successful a station connected X connected Tuesday, without disclosing the cause.
"It is with profound sadness that we denote the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his household and loved ones," the institution said. "Nate's brilliance, humility, and thrust shaped each portion of what Ondo is today. His content successful the powerfulness of exertion to make a much open, accessible fiscal strategy lives connected successful everything we build."
Ian De Bode, Ondo's longtime president who has led strategy, product, and day-to-day operations for implicit 2 years, volition service arsenic CEO. De Bode has the afloat assurance of the enactment team, the institution said.
Allman, a Brown University graduate, founded Ondo successful 2021 aft moving connected Goldman Sachs' integer assets team. Under his leadership, Ondo became a pioneer successful tokenized real-world assets, increasing full worth locked to $3.5 billion.
Major products launched during his tenure see USDY, a yield-bearing stablecoin, OUSG, a tokenized U.S. Treasury fund, and tokenized equities done Ondo Global Markets.
The institution said it would proceed gathering what Allman started arsenic the astir meaningful mode to grant him.
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