PANews reported on May 26 that Ondo Finance announced on its X platform that its founder, Nathan Allman, has passed away unexpectedly. Ian De Bode, who has long served as President of Ondo, will succeed him as CEO. Ondo stated, "Nathan's talent, humility, and drive shaped Ondo as it is today, and Ondo will continue to build on the legacy Nathan created as the most meaningful tribute to him."