Ondo Finance founder Nathan Allman has died, the company announced Tuesday. President Ian De Bode, who has been with the firm since its early days, has stepped into the role of chief executive officer.
A sudden leadership change
The company did not disclose the cause of death or provide further details about Allman’s passing. In a brief statement, Ondo Finance said De Bode would lead the firm going forward. De Bode had served as president and was a longtime lieutenant to Allman.
Who is Ian De Bode
De Bode joined Ondo Finance in 2020 and helped build the company’s product lineup, which focuses on tokenized real-world assets. Before Ondo, he worked at Goldman Sachs and at the crypto trading firm FalconX. He takes over at a time when Ondo is expanding its offerings and navigating a shifting regulatory landscape for digital assets.
What happens next
The company has not announced a memorial or any changes to its product roadmap. Investors and partners are watching for any shifts in strategy under De Bode’s leadership. Ondo Finance said it will share more information in the coming weeks.
