#OndoFinanceFounderPassesAway Nathan Allman, founder and CEO of Ondo Finance, has passed away unexpectedly at the age of 32. The company confirmed his death on May 25, 2026, without disclosing the cause. Ian De Bode, Ondo’s president, has been appointed as the new CEO to continue Allman’s vision of tokenizing real-world assets.

📌 Key Facts About Nathan Allman

- Age at passing: 32 years old

- Education: Studied economics and biology at Brown University, MBA from Stanford Graduate School of Business

- Career path:

- Prospect Capital Management (associate)

- Co-founded ChainStreet Capital, a quantitative crypto hedge fund

- Worked on Goldman Sachs’ digital assets team

- Founded Ondo Finance in 2021 after leaving Goldman Sachs

🚀 Ondo Finance Under Allman’s Leadership

- Founded: 2021

- Focus: Tokenization of real-world assets (RWAs) — bringing U.S. Treasuries, equities, and commodities on-chain

- Scale: Over $3.79–3.86 billion in total value locked (TVL) across 13 blockchains

- Flagship products:

- OUSG → Tokenized U.S. government bonds

- USDY → Yield-bearing stablecoin backed by U.S. Treasuries

- Ondo Global Markets → Tokenized equities platform

- Community impact: More than 111,000 holders of Ondo-issued RWAs

🏛 Leadership Transition

- New CEO: Ian De Bode

- Joined Ondo in March 2024 as Chief Strategy Officer

- Promoted to President in November 2025

- Background: Led digital assets strategy at McKinsey & Company before Ondo

- Continuity: De Bode emphasized that Ondo will “continue building what Nate started” to honor Allman’s legacy.

🌍 Industry Impact

- Nathan Allman was considered a pioneer in RWA tokenization, helping bridge traditional finance (TradFi) with decentralized finance (DeFi).

- His work attracted attention from Wall Street giants like BlackRock, who see tokenization as a way to improve efficiency in trading and settlement.

- The news of his passing caused a temporary 7% drop in Ondo’s native token (ONDO) before stabilizing around $0.42.