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🚨 @Ondo Finance FOUNDER PASSES AWAY — CRYPTO MARKET IN SHOCK
The crypto industry was hit with heartbreaking news as Ondo Finance confirmed the unexpected passing of its founder and CEO, Nathan Allman. The company shared the announcement through its official X account, expressing deep sorrow and condolences to his family and loved ones.
Nathan Allman founded Ondo Finance in 2021 after previously working on the digital assets team at Goldman Sachs. Under his leadership, Ondo became one of the biggest names in the Real-World Asset (RWA) sector, bringing tokenized U.S. Treasuries, ETFs, and stocks onto blockchain networks.
Following the news, the $ONDO token experienced strong volatility and dropped sharply as investors reacted emotionally to the sudden loss of one of crypto’s most respected builders. Market reports showed ONDO falling between 7% and 9% shortly after the announcement before partially recovering.
Ondo Finance has now appointed longtime president Ian De Bode as the new CEO. The company stated that he has already been leading strategy, product development, and daily operations for more than two years, aiming to maintain stability and continue Nathan’s vision for the future of tokenized finance.
Many major figures and communities across crypto paid tribute to Nathan Allman, recognizing his contribution toward building a more open and accessible financial system through blockchain technology. His impact on the RWA industry and institutional crypto adoption will not be forgotten. 💔🚀 #crypto #Binance
The crypto industry was hit with heartbreaking news as Ondo Finance confirmed the unexpected passing of its founder and CEO, Nathan Allman. The company shared the announcement through its official X account, expressing deep sorrow and condolences to his family and loved ones.
Nathan Allman founded Ondo Finance in 2021 after previously working on the digital assets team at Goldman Sachs. Under his leadership, Ondo became one of the biggest names in the Real-World Asset (RWA) sector, bringing tokenized U.S. Treasuries, ETFs, and stocks onto blockchain networks.
Following the news, the $ONDO token experienced strong volatility and dropped sharply as investors reacted emotionally to the sudden loss of one of crypto’s most respected builders. Market reports showed ONDO falling between 7% and 9% shortly after the announcement before partially recovering.
Ondo Finance has now appointed longtime president Ian De Bode as the new CEO. The company stated that he has already been leading strategy, product development, and daily operations for more than two years, aiming to maintain stability and continue Nathan’s vision for the future of tokenized finance.
Many major figures and communities across crypto paid tribute to Nathan Allman, recognizing his contribution toward building a more open and accessible financial system through blockchain technology. His impact on the RWA industry and institutional crypto adoption will not be forgotten. 💔🚀 #crypto #Binance
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