Key Takeaways:
- Nathan Allman, the founder of leading Real World Asset (RWA) protocol Ondo Finance, has passed away unexpectedly.
- Ian De Bode, who has served as the company’s President for over two years, has been officially appointed as the new CEO.
- The company emphasized its commitment to continuing Allman’s vision of bridging traditional finance and on-chain infrastructure, backed by the durable leadership team he established.
Honoring a Visionary Founder
Ondo Finance has announced the tragic and unexpected passing of its founder and former CEO, Nathan Allman.
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.
Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a…
— Ondo Finance (@OndoFinance) May 25, 2026
In an official statement released on May 25, 2026, Ondo expressed their sadness at the passing of Allman but also their commitment to the foundation and vision that Allman started for the decentralized finance space. No cause of death has been released by the company at this time.
Pioneering Real World Assets
Under the leadership of Nathan Allman, Ondo Finance became one of the most prominent individuals within the rapidly expanding Real World Asset industry. Allman was well respected within the industry for his knowledge of technology, his humility, and his dedication to the DeFi space.
Allman pioneered the creation of tokens for traditional financial assets, such as U.S. Treasuries, through projects like OUSG and USDY. Allman always strove to utilize decentralized technologies to create a more open, accessible, and transparent financial system for all individuals throughout the world.
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Leadership Transition and Continuity
To ensure that the organization would remain operational and to continue the company’s momentum, Ondo Finance has appointed Ian De Bode as the company’s new CEO.
Continuing the Legacy
De Bode is an individual that has been a part of Ondo Finance since its founding as the company’s Chief Strategy Officer. Following the departure of its former CEO, Allman, De Bode was promoted to the position of President of the company over two years ago.
Allman made sure that those in leadership at the company had the experience and knowledge necessary to lead the company moving forward. As Allman has stated numerous times throughout his leadership of the company, the belief in the potential of technology to create an open financial system for the world “lives on in everything we build.”
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