CoinDesk
Ondo Finance announced Tuesday the unexpected death of its founder, Nathan Allman, without disclosing the cause. Allman, a Brown University graduate and former member of Goldman Sachs's digital assets team, founded Ondo in 2021 and built it into one of the leading tokenized real-world asset platforms, with $3.5 billion in total value locked.
Under his leadership, Ondo launched USDY, a yield-bearing stablecoin, OUSG, a tokenized U.S. Treasury fund, and Ondo Global Markets for tokenized equities. Ian De Bode, the firm's longtime president who has overseen strategy, product, and day-to-day operations for over two years, will step into the CEO role with the full backing of the leadership team.
"Nate's brilliance, humility, and drive shaped every part of what Ondo is today," the company said in a post on X.
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