The crypto and tokenized finance industry is mourning the unexpected death of Nathan Allman, founder and CEO of Ondo Finance. The company announced the news on May 25, 2026, and appointed President Ian De Bode as CEO with immediate effect.

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

Allman helped build Ondo Finance into a leading name in the tokenized real-world asset sector, focused on bringing traditional financial products such as US Treasuries onto blockchain infrastructure. Before launching the company, he worked on Goldman Sachs’ Digital Assets team. The company did not publicly disclose additional details regarding the circumstances of his death.