Nathan Allman, Founder and CEO of Ondo Finance, Dies Unexpectedly

Ondo Finance announced Monday that its founder and CEO, Nathan Allman, has died unexpectedly.
Ondo’s president, Ian De Bode, will assume the role of CEO, the company said.

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Nathan Allman, founder and CEO of Ondo Finance, has passed away unexpectedly, the company announced on Monday.

"It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder," Ondo wrote on social media platform X. "Nate’s brilliance, humility, and drive shaped every part of what Ondo is today."

Allman, a Brown University graduate, founded Ondo in 2021 after his stint at Goldman Sachs' digital assets team. He led Ondo in becoming a major blockchain firm focused on tokenized real-world assets, launching products such as USDY, OUSG, and tokenized equities through Ondo Global Markets.

Ondo wrote in the statement that Ian De Bode, its president, will assume the role of CEO. De Bode has been leading its strategy, product, and day-to-day operations for over two years, the firm said.

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"The mission of Ondo, Nate's mission, has not changed," De Bode wrote on X. "If Nate were here, he would want to continue executing with excellence. We will make him proud."

The company has not disclosed further details regarding the cause of death. Ondo said it remains fully committed to building Allman's vision — a more open, accessible financial system.

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Danny Park is an East Asia reporter at The Block writing on topics including Web3 developments and crypto regulations in the region. He was formerly a reporter at Forkast.News, where he actively covered the downfall of Terra-Luna and FTX. Based in Seoul, Danny has previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.

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