Key Takeaways
- • Nathan Allman, founder and CEO of Ondo Finance and a pioneer of blockchain tokenization, has died at age 32, according to Ondo Finance's announcement on X on Monday.
- • Ondo Finance said company president Ian De Bode will serve as CEO, stating the company's mission "has not changed."
- • Under Allman's leadership, Ondo has brought $3.86 billion of tokenized real-world assets on-chain, including US Treasuries, stocks and commodities, with more than 111,680 token holders.
- • Ondo did not disclose further details on the cause or circumstances of Allman's death; his family has requested privacy.
Summary
Ondo Finance announced the unexpected death of founder and chief executive Nathan Allman, who was 32, in a post on X on Monday. The company described Allman as a central figure in the tokenization movement, crediting his "brilliance, humility, and drive" with shaping the company. Ondo said Allman's belief in technology to create a more open and accessible financial system would continue to inform its work.
Allman was instrumental in bringing $3.86 billion of tokenized real-world assets on-chain, spanning US Treasuries, stocks and commodities, according to the company. More than 111,680 token holders own a tokenized real-world asset issued by Ondo. Ondo founded the firm in 2021, and the tokenization push it helped drive has drawn the attention of Wall Street institutions such as BlackRock, which see potential efficiency gains in trading and settlement.
Before founding Ondo, Allman worked on Goldman Sachs' digital asset team. He earlier founded ChainStreet Capital, a crypto hedge fund focused on algorithmic, event-driven trading.
Ondo said president Ian De Bode will serve as CEO. De Bode told Cointelegraph that Allman was "a very close personal friend" and that the company's mission remains unchanged. Ondo vice president and head of marketing Ben Grossman called Allman "a once-in-a-generation founder and visionary." The company has not shared further details on the death, and a spokesperson said the family has requested privacy.
Allman was instrumental in bringing $3.86 billion of tokenized real-world assets on-chain, spanning US Treasuries, stocks and commodities, according to the company. More than 111,680 token holders own a tokenized real-world asset issued by Ondo. Ondo founded the firm in 2021, and the tokenization push it helped drive has drawn the attention of Wall Street institutions such as BlackRock, which see potential efficiency gains in trading and settlement.
Before founding Ondo, Allman worked on Goldman Sachs' digital asset team. He earlier founded ChainStreet Capital, a crypto hedge fund focused on algorithmic, event-driven trading.
Ondo said president Ian De Bode will serve as CEO. De Bode told Cointelegraph that Allman was "a very close personal friend" and that the company's mission remains unchanged. Ondo vice president and head of marketing Ben Grossman called Allman "a once-in-a-generation founder and visionary." The company has not shared further details on the death, and a spokesperson said the family has requested privacy.
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