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Ondo Finance faces ownership bid after founder's death announcement

The Block reports Ondo Finance said Ian De Bode would become CEO after Nathan Allman’s death, as the founder’s mother seeks control and removal of De Bode.

Reported · Written up by our desk · Market Structure

Ondo Finance is facing a governance dispute after the death of its late founder, Nathan Allman, was announced in May, according to The Block.

The outlet reports that Ondo Finance said Ian De Bode would take over as CEO following the announcement.

The Block adds that the late founder’s mother is seeking to gain control of the company and to remove De Bode as chief executive.

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