Ondo Finance founder Nathan Allman passed away unexpectedly, and president Ian De Bode has taken over as CEO

Ondo Finance announced that its founder and CEO Nathan Allman has passed away unexpectedly. Ondo stated, "Nate's talent, humility, and execution shaped Ondo as it is today. He always believed that technology could create a more open and accessible financial system, and this philosophy will continue to be reflected in everything we build in the future."

The announcement stated that Ondo has established an experienced management team, and Ondo Finance's long-time president Ian De Bode will take over as CEO. Ondo noted that Ian has led the company's strategy, products, and daily operations for over two years and has the full support of the management team.