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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.
May 26, 2026, 6:13 a.m. 1 min read
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.
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.
