Allman founded Ondo in 2021 after previously working at Goldman Sachs and played a major role in the growth of blockchain-based tokenized real-world assets. Under his leadership, Ondo helped bring roughly $3.86 billion worth of tokenized assets on-chain. The company confirmed the news on Monday and announced that Ondo president Ian De Bode will take over as CEO. Ondo Finance Announces Death of Nathan Allman Nathan Allman, the founder and CEO of Ondo Finance and one of the early pioneers of blockchain tokenization, passed away unexpectedly at the age of 32. The company confirmed the news in a statement that was shared on X on Monday, where it described Allman as a visionary whose leadership, humility, and determination helped shape not only Ondo, but also the wider digital asset industry. “It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo’s founder,” the company wrote. “Our hearts are with his family and loved ones.” Allman founded Ondo in 2021 after working in the digital assets division at Goldman Sachs. Before that, he also founded ChainStreet Capital, a crypto hedge fund focused on algorithmic and event-driven trading. Through Ondo, Allman played an important role in advancing the tokenization of real-world assets, and helped bring billions of dollars worth of US Treasuries, stocks, and commodities onto blockchain networks. His work also contributed to the growing institutional interest in tokenization technology, including from major financial firms like BlackRock. According to Ondo, more than 111,000 token holders currently own tokenized real-world assets issued through the platform, which today accounts for roughly $3.86 billion in on-chain assets. For many in the industry, Allman represented a new generation of founders focused on bridging traditional finance with blockchain technology in a more practical and accessible way. Ondo president Ian De Bode, who will now step in as CEO, described Allman as both an incredible founder and a close personal friend. “The mission of Ondo, Nate’s mission, has not changed,” De Bode said. “If Nate were here, he would want to continue executing with excellence. We will make him proud.” Ondo’s vice president and head of marketing, Ben Grossman, also remembered Allman as “a once-in-a-generation founder and visionary” whose impact on the people around him and on the industry itself would not be forgotten. The company has not shared details surrounding Allman’s passing. Though Nathan Allman’s life was tragically cut short, his vision, leadership, and contribution to the future of blockchain finance will leave a lasting impact on the industry and the many people he inspired along the way.
