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Ondo Finance Confirms Founder Nathan Allman’s Death, Appoints Ian De Bode as CEO
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Ondo Finance, one of the leading real-world asset tokenization protocols with over $3.79 billion in total value locked, has confirmed the unexpected death of its founder Nathan Allman.
Key facts
- ONDO token dropped 4.47% to $0.42 following the announcement, despite $3.79B in protocol TVL
- The news sent Ondo Finance’s native token, ONDO, lower on the day, with the token currently trading at approximately $0.42, a 4.47% decline over the past 24 hours, a steeper drop than the broader
- Key Takeaways Ondo Finance founder Nathan Allman passed away unexpectedly on May 26; Ian De Bode was named CEO
- Ondo Finance, one of the leading real-world asset tokenization protocols with over $3.79 billion in total value locked, has confirmed the unexpected death of its founder Nathan Allman
Summary
Key Takeaways Ondo Finance founder Nathan Allman passed away unexpectedly on May 26; Ian De Bode was named CEO. ONDO token dropped 4.47% to $0.42 following the announcement, despite $3.79B in protocol TVL. De Bode will oversee Ondo’s USDY and OUSG treasury products across 12 blockchain networks.