Ondo Finance founder Nathan Allman passes away

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ondo Finance founder Nathan Allman passes away Tokenized real-world assets firm Ondo Finance announced the unexpected death of founder Nathan Allman on Tuesday, with longtime president Ian De Bode stepping in as CEO. By CoinDesk | Edited by Shaurya Malwa May 26, 2026, 6:13 a.m. 1 min read Make preferred on What to know : Ondo Finance said its founder, Nathan Allman, has died unexpectedly, without disclosing the cause of death. Ian De Bode, the firm’s longtime president who has overseen strategy, product and daily operations, will become chief executive with the backing of the leadership team. Allman, a Brown graduate and former member of Goldman Sachs’s digital assets team, founded Ondo in 2021 and led its growth into a tokenized real-world asset pioneer with $3.5 billion in total value locked and products including the USDY stablecoin and OUSG Treasury fund. Ondo Finance founder Nathan Allman has died, the company said in a post on X on Tuesday, without disclosing the cause. "It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones," the company said. "Nate's brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build." Ian De Bode, Ondo's longtime president who has led strategy, product, and day-to-day operations for over two years, will serve as CEO. De Bode has the full confidence of the leadership team, the company said. Allman, a Brown University graduate, founded Ondo in 2021 after working on Goldman Sachs' digital assets team. Under his leadership, Ondo became a pioneer in tokenized real-world assets, growing total value locked to $3.5 billion. Major products launched during his tenure include USDY, a yield-bearing stablecoin, OUSG, a tokenized U.S. Treasury fund, and tokenized equities through Ondo Global Markets. The company said it would continue building what Allman started as the most meaningful way to honor him. More For You XRP slips below $1.35 after triangle breakdown puts focus on $1.30 support By Shaurya Malwa 1 hour ago XRP lost a key support zone after another failed breakout attempt, with traders now watching whether the months-long compression pattern resolves lower. What to know : XRP slipped below the $1.35 level after a failed breakout near $1.36, reinforcing short-term bearish momentum within a recently tight trading range. Traders are focused on the $1.30 to $1.31 support zone, where a decisive breakdown could open downside risk toward roughly $1.14. Analysts remain divided on whether XRP’s structure... Read full story Latest Crypto News XRP slips below $1.35 after triangle breakdown puts focus on $1.30 support 1 hour ago HYPE briefly overtakes Dogecoin, privacy tokens slide as US strikes on Iran rattle markets 1 hour ago Bitcoin stalls near $76,500 as muted trading points to macro wait-and-see 2 hours ago NEAR price rally gains momentum as cross-chain product activity fuels further 15% jump 12 hours ago Indonesia blocks Polymarket, calling prediction market online gambling in disguise 13 hours ago Bitcoin, crypto prices tick up as US-Iran peace deal odds climb 13 hours ago Top Stories Buterin says Ethereum Foundation will shrink, sell less ETH, and focus on 'CROPS' 14 hours ago HYPE funds attract millions as investors dump bitcoin and ether ETFs 19 hours ago Bitcoin options are coming to Nasdaq. Here's what it means for you May 25, 2026 Bitcoin trades above $77,000 as oil's 5% slide pushes Asian equities higher 23 hours ago Hyperliquid is emerging as a challenger to traditional exchanges and prediction markets, says FalconX 22 hours ago Crypto and the Fed: State of Crypto May 24, 2026