Ondo Finance said founder and CEO Nathan Allman died unexpectedly on May 26, 2026, and named President Ian De Bode as CEO. The company did not disclose a cause of death. Ondo said De Bode, a former McKinsey partner and head of digital assets, has led strategy, product development, and daily operations for more than two years and has the full support of the leadership team. The company, which has about $3.5 billion in total value locked, is a major player in tokenized real-world assets with products including OUSG, a tokenized U.S. Treasury fund, USDY, a yield-bearing stablecoin, and Ondo Global Markets. ONDO fell roughly 4% after the announcement and traded near $0.43 on Tuesday, according to CoinMarketCap.