Ondo Finance CEO Ian De Bode Takes $3.5B RWA Platform After Founder Nathan Allman's Death

ONDO-1.34%
According to Ondo Finance on May 26, 2026, founder Nathan Allman died unexpectedly, with longtime President Ian De Bode assuming the chief executive role with immediate effect. De Bode, who joined Ondo as Chief Strategy Officer in September 2023 from McKinsey & Company, has overseen strategy, product, and operations for two years and was promoted to President in November 2025. Ondo manages $3.5 billion in tokenised real-world assets across USDY, OUSG, and Global Markets products. The ONDO token fell 4.38% in the 24 hours following the announcement, closing at $0.4155.
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