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Ripple's Schwartz Reacts to Passing of Ondo Finance Founder

Source: UToday

Published:05:57 UTC

BTC Price:$76889.0

#xrp #ondo #rwa

Analysis

Price Impact

Low

The news is about the passing of the ondo finance founder, which is a sad event. while ondo finance is building on the xrp ledger, the direct impact on xrp's price is expected to be minimal as the news does not concern xrp's fundamentals or market performance.

Trustworthiness

High

Price Direction

Neutral

The market's reaction to this news is unlikely to cause significant price movements for xrp. while the mention of the xrp ledger is present, the primary focus is on the tragic loss of a founder in the defi space, not on any specific market-moving event related to xrp's price.

Time Effect

Short

The immediate aftermath of such news might see some brief sentiment shifts, but the long-term price impact on xrp is expected to be negligible. the focus will likely return to broader market trends and xrp-specific developments.

Original Article:

Article Content:

Cover image via www.youtube.com A visionary in DeFi and TradFi Paying tributes Advertisement The cryptocurrency industry is mourning the tragic and unexpected passing of Nathan Allman, the founder of the prominent real-world asset (RWA) tokenization protocol Ondo Finance. There has been an outpouring of grief and tributes from major figures across the cryptocurrency industry, including executives from Ripple and Bitget. A visionary in DeFi and TradFi Ondo Finance confirmed Allman's death in a heartfelt statement earlier today. The statement is focused on his profound impact on the company and the integration of traditional finance (TradFi) with decentralized finance (DeFi). HOT Stories Ripple's Schwartz Reacts to Passing of Ondo Finance Founder Shiba Inu (SHIB), XRP, Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis for May 26: Risk Brings Profits The firm also announced that it had undergone an immediate leadership transition. Ian De Bode, the firm's longtime President, will now step into the role of CEO. Advertisement You Might Also Like Tue, 05/19/2026 - 18:18 CNBC Recognizes Ripple as Top 2026 Disruptor By Alex Dovbnya Continuing to build what Allman started is "the most meaningful way we know to honor him," Ondo Finance stressed. Paying tributes David Schwartz, Chief Technology Officer Emeritus at Ripple, expressed his gratitude for the opportunity to work alongside Allman. Advertisement "I’ve had the pleasure of meeting Nathan, and he was truly a thoughtful builder and leader in this industry," Schwartz stated on X. "We were grateful for the opportunity to work with him and for his partnership. Our thoughts are with his family and the entire Ondo team." I’ve had the pleasure of meeting Nathan, and he was truly a thoughtful builder and leader in this industry. We were grateful for the opportunity to work with him and for his partnership. Our thoughts are with his family and the entire Ondo team. https://t.co/WagXaBRRe5 — David 'JoelKatz' Schwartz (@JoelKatz) May 26, 2026 Ondo recently completed a major institutional pilot on the XRP Ledger. Gracy Chen, CEO of the crypto exchange Bitget, shared a touching personal anecdote about meeting Allman before the launch of the ONDO token in 2023. She recalled recognizing his immense potential as a Wall Street veteran who was also highly knowledgeable about crypto. "Over the next two years, we achieved so much together," Chen wrote. "In his afterlife, I like to think he’s still envisioning how TradFi and DeFi can work together." #Ripple News #XRP Ledger