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Shocking. ONDO's "first tokenization target" narrative was largely built by him alone; his unexpected passing is a loss for the project and the industry.
For the RWA (Real-World Asset) track, Nathan Allman was not just a founder who stood on stage telling stories; he was one of the core drivers behind Ondo's transition from DeFi structured yield products to U.S. Treasuries, dollar-denominated income assets, stocks, and ETF tokenization. In a sense, the "tokenization first target" often discussed in the market today when talking about ONDO largely stems from the product roadmap and institutional narratives that Nathan Allman continuously built over the past few years.
According to the official announcement from Ondo Finance, Nathan Allman unexpectedly passed away, and the specific cause of death has not been disclosed. Ondo also stated that the company's president