1 hour ago
The tokenized-assets steadfast is considering an acquisition valued astatine $250 cardinal to $500 cardinal arsenic consolidation accelerates crossed crypto infrastructure.
Ondo Finance eyes acquisition worthy up to $500 million. (Frederick Warren/Unsplash)- Ondo Finance is evaluating a imaginable $250 million-$500 cardinal acquisition, according to a idiosyncratic with cognition of the matter.
- Formal advisers person not been appointed, the idiosyncratic said, arsenic the tokenized-assets steadfast weighs enlargement done M&A.
- Crypto dealmaking remains robust successful 2026, with tokenization and organization infrastructure among the hottest acquisition targets arsenic firms question scale.
Tokenized plus specializer Ondo Finance is evaluating a imaginable acquisition of betwixt $250 cardinal and $500 million, according to a idiosyncratic with cognition of the matter.
The New York-based institution is considering wealthtech targets, among different subsectors, said the person, who spoke connected information of anonymity due to the fact that the substance is private.
Ondo has not yet appointed immoderate ceremonial advisers, the idiosyncratic said.
Founded successful 2021 by erstwhile Goldman Sachs executives, Ondo Finance is simply a tokenization level that brings accepted fiscal assets onchain. The institution issues tokenized U.S. Treasuries and stocks and has go 1 of the largest providers of tokenized real-world assets, with much than $2.5 cardinal crossed its products.
“As a fast-growing company, Ondo regularly evaluates the marketplace arsenic portion of mean concern operations. We are not successful conversations with immoderate enactment astatine this time,” an Ondo typical said successful emailed comments to CoinDesk.
Crypto dealmaking has remained beardown successful 2026 arsenic accepted fiscal firms and larger digital-asset companies usage acquisitions to adhd licenses, exertion and distribution.
The assemblage recorded 89 transactions worthy $3.2 cardinal successful the archetypal quarter, followed by $12.9 cardinal of disclosed woody worth successful the second, the second-highest quarterly full connected record, according to Architect Partners. Payments, stablecoins, custody, tokenization and organization trading infrastructure person emerged arsenic cardinal targets arsenic companies question standard and a wider scope of merchandise offerings.
Recent transactions see Keyrock's acquisition of BlockFills' trading and brokerage assets, Kraken's $550 cardinal acquisition of Bitnomial, and CoinDesk proprietor Bullish buying concern level Equiniti for $4.2 billion.
Ondo has raised conscionable $24 cardinal successful task backing since its founding, supplemented by a astir $10 cardinal nationalist ONDO token sale. This makes it 1 of crypto's astir capital-efficient infrastructure companies contempt managing billions of dollars successful tokenized assets.
ONDO was trading 6% higher implicit 24 hours, astir $0.42 astatine work time.
Read more: Crypto marketplace shaper B2C2 held merchantability talks with aggregate imaginable buyers
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Anvil is simply a shared on-chain collateral furniture built connected a programmable missive of credit: reserve assets arsenic a warrant -no loan, nary interest, support custody & yield.
Anvil is simply a shared on-chain collateral furniture built connected a programmable missive of credit: reserve assets arsenic a warrant -no loan, nary interest, support custody & yield.
Why it matters:
Anvil is simply a shared on-chain collateral furniture built connected a programmable missive of credit: reserve assets arsenic a warrant -no loan, nary interest, support custody & yield.
English (US) 