Ondo Finance Founder Nathan Allman Dies Unexpectedly
Nathan Allman, the founder of tokenized real-world asset protocol Ondo Finance, has passed away unexpectedly, with the company announcing an immediate leadership transition.
Ondo Finance has announced the unexpected death of its founder and CEO, Nathan Allman. The company did not disclose a cause of death.
Allman, a Brown University graduate, founded Ondo Finance in 2021 after gaining experience in digital assets at Goldman Sachs. Under his leadership, the company grew into one of the leading protocols in the tokenized real-world assets (RWA) sector, building products including USDY - a dollar-denominated stablecoin - as well as OUSG, a tokenized U.S. Treasury fund, and a platform for trading tokenized equities [1].
Long-serving company president Ian De Bode has assumed the role of Chief Executive Officer effective immediately. The Ondo team stated that continuing the work Allman started represents the most meaningful way to honor his legacy [1].
Ondo's native token slipped roughly 2% following the announcement, trading around $0.42 at the time of writing. The token had previously seen significant gains after the U.S. Securities and Exchange Commission signaled a more open stance toward tokenized equities [1].
Sources
- [1]btc-echo.de
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