Someone was trying to sell Ondo Finance after founder Nathan Allman’s death
The company has vehemently denied that it was shopping for buyers. Allman’s estate declined to comment.
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Summary
- Ondo Finance was shopped to prospective buyers after founder and CEO Nathan Allman’s death, according to people familiar with the matter.
- A legal fight over control of the company has likely put any sale plans on hold, one of the people said.
- Ondo offers tokenized Treasuries and stocks, with more than $3.8 billion across its products.
