Ondo Finance said on May 26 that founder Nathan Allman has passed away unexpectedly, according to an announcement posted by the company on X. The real-world asset tokenization company stated that long-time President Ian De Bode will take over as CEO, as the leadership team seeks to maintain the current product direction and operations. Ondo did not state the cause of death and has not released further details regarding the timing or circumstances of Allman\u2019s passing.<\/span><\/p>\n Ondo Finance confirmed Allman\u2019s passing in a post on X, stating that the company announced the news with \u201cdeep sadness.\u201d Ondo extended its condolences to his family and loved ones.<\/span><\/p>\n It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo’s founder. Our hearts are with his family and loved ones.<\/p>\n Nate\u2019s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a\u2026<\/p>\n \u2014 Ondo Finance (@OndoFinance) May 25, 2026<\/a><\/p>\n<\/blockquote>\n In the announcement, Ondo said Allman\u2019s brilliance, humility, and drive shaped nearly every part of the company. The company also highlighted its belief in using technology to create a more open and accessible financial system.<\/span><\/p>\n The company did not provide further details, but stated it will continue to build on what Allman started.<\/span><\/p>\n Ondo said Ian De Bode, the company\u2019s long-time President, will take over as CEO. According to the company, De Bode has led Ondo\u2019s strategy, product, and day-to-day operations for over two years, and has the full support of the leadership team in his new role.<\/span><\/p>\n De Bode also posted a separate message on X, calling it a \u201cprofoundly sad day\u201d for Ondo Finance. He described Allman not just as a founder and visionary, but as a close friend.<\/span><\/p>\n It’s been an incredibly sad day for Ondo Finance. Nate was not only an incredible founder and visionary, but also a very close personal friend. He will be missed dearly.<\/p>\n The mission of Ondo, Nate’s mission, has not changed. If Nate were here, he would want to continue\u2026 https:\/\/t.co\/0Qpl24qX7w<\/a><\/p>\nOndo Confirms Allman\u2019s Passing<\/b><\/h2>\n
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Ian De Bode to Serve as CEO<\/b><\/h2>\n
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