Ondo Finance Founder Nathan Allman Dies Unexpectedly
Nathan Allman, founder of Ondo Finance, has died unexpectedly, the company announced on May 26. President Ian De Bode will succeed him as CEO. Allman founded Ondo in 2021 after working at Goldman Sachs, building it into a leading real-world asset tokenization firm with $3.86 billion in tokenized assets and over 111,680 holders. Ondo's products include OUSG and USDY, pegged to U.S. Treasuries, and Ondo Global Markets. The company stated it will continue Allman's mission of using technology to create a more open financial system. No cause of death was disclosed.
Key facts
- Nathan Allman, founder of Ondo Finance, passed away unexpectedly.
- The announcement was made on May 26, 2026 via X (formerly Twitter).
- Ian De Bode, long-time President, will take over as CEO.
- De Bode has led strategy, product, and day-to-day operations for over two years.
- Allman founded Ondo Finance in 2021 after working at Goldman Sachs.
- Ondo's tokenized real-world assets reached approximately $3.86 billion with over 111,680 holders.
- Ondo's products include OUSG, USDY, and Ondo Global Markets.
- The company did not disclose the cause of death or further details.
Entities
Artists
- Nathan Allman
- Ian De Bode
Institutions
- Ondo Finance
- Goldman Sachs
- RWA.xyz
- NFT Plazas