Goldman Sachs · Tokenization · U.S. Treasury · CoinDesk
Ondo Finance founder Nathan Allman dies unexpectedly
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Ondo Finance founder Nathan Allman has died, the company said in a post on X on Tuesday, without disclosing the cause.
Key facts
- UPDATE (May 26, 7:17 UTC): Changes headline wording
- Allman, a Brown University graduate, founded Ondo in 2021 after working on Goldman Sachs' digital assets team
- 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
- Ondo Finance founder Nathan Allman has died, the company said in a post on X on Tuesday, without disclosing the cause
Summary
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. "It is with profound sadness that they announce the unexpected passing of Nathan Allman, Ondo's founder.