Tokenization firm Ondo Finance was shopped to buyers after founder’s death
Summary
Ondo Finance was reportedly presented to potential buyers after founder and CEO Nathan Allman died in May, though it is unclear who initiated the outreach. The company denies seeking a sale. Allman died without a will, leaving uncertainty over his controlling stake and ONDO tokens; his estate was awarded to his parents. Acting CEO Ian De Bode remains in charge of daily operations under a court order but cannot make major changes while a legal dispute over company control continues. The conflict has likely stalled any sale discussions. Ondo, a leading real-world asset tokenization platform with more than $3.8 billion in products, has raised $34 million in reported funding.
