The Ondo Finance team officially announced the sudden death of the platform’s founder, Nathan Allman. The cause of death is currently not disclosed. This news has shaken not only the company’s employees but also the broader international crypto community, which has expressed support and condolences to Allman’s family and colleagues.
This is reported by Business • Media
Changes in Ondo Finance Leadership
The company noted that Nathan Allman was instrumental in the creation of Ondo Finance and made significant contributions to shaping its values, development strategy, and building a strong management team. From now on, the duties of the CEO will be performed by Ian De Bode, who previously held the position of president of Ondo Finance. According to company representatives, De Bode has been responsible for strategic direction, product development, and daily management for over two years, and the leadership fully trusts his professionalism.
“Nathan’s brilliant mind, his humility, and determination shaped every part of what Ondo is today. His belief in the power of technology to create a more open and accessible financial system continues to live on in everything we build,” the statement reads.
Market and Crypto Community Reaction
Following the news of the founder’s death, the ONDO token sharply declined in price by approximately 9% within three hours, but later began to partially recover its positions. On the Binance exchange, this drop was accompanied by active trading and increased interest from market participants.
The BBX platform, along with numerous representatives of the crypto industry, also expressed condolences and emphasized Allman’s significance to the field of tokenized finance. They noted that his ideas and work will forever remain in the memory of the professional community.
ONDO/USDT Chart on Binance. Data: TradingView.
Ondo Finance stated that they will continue to implement the initiatives started by Nathan Allman, considering it the best way to honor his memory and advance open finance technologies.