Nathan Allman, founder and CEO of tokenized asset firm Ondo Finance, has died unexpectedly at age 32. The company announced his death without disclosing a cause. Ondo described Allman as a driving force and a vocal proponent of blockchain-based technology who elevated the real-world asset (RWA) sector. The company has appointed longtime President Ian De Bode as its new CEO. Tributes from industry figures recognized Allman as a pioneer and gifted leader.
Nathan Allman, the founder and CEO of Ondo Finance, has died unexpectedly at the age of 32. The company announced his death in a statement but did not disclose a cause.
Ondo described Allman as a driving force behind the company, crediting his vision and leadership. The firm said his influence on both the company and the wider crypto industry “cannot be overstated.”
Allman founded Ondo in 2021 after previously working on digital assets initiatives at Goldman Sachs. He helped establish the firm as a leading player in the tokenized real-world asset sector.
Under his leadership, Ondo introduced products including USDY, a yield-bearing stablecoin, and OUSG, a tokenized US Treasury fund. The company also launched tokenized equities through Ondo Global Markets.
Ian De Bode, the firm’s longtime President, will now take over as CEO. According to the company, De Bode has overseen strategy and daily operations for more than two years.
“We will continue building what Nate started. That is the most meaningful way we know to honor him,” the company stated. The leadership team has expressed its full support for De Bode.
Tributes poured in from across the crypto industry following the announcement. Former Binance CEO CZ called Allman a “pioneer in RWA.”
Former Commodity Futures Trading Commission Chair Chris Giancarlo described him as “extraordinarily gifted.” Crucible founder Meltem Demirors remembered Allman as “kind, thoughtful, caring.”
