# Nathan Allman

> Nathan Allman was the founder and CEO of Ondo Finance, the firm that did more than almost anyone to drag tokenized U.S. Treasuries from a whitepaper idea into a multi-billion-dollar reality. A Brown graduate and former Goldman Sachs digital-assets trader, he left Wall Street in early 2021 to build what he framed as a decentralized investment bank, betting that boring, yield-bearing, regulation-aware products - not speculation - would be how traditional finance finally moved on-chain. Under his watch Ondo grew to roughly $3.5 billion in total value locked, launching USDY, OUSG, Ondo Global Markets and the institution-focused Ondo Chain. He died unexpectedly in May 2026.

- **Role:** Founder & CEO at Ondo Finance
- **Organizations:** Ondo Finance, Goldman Sachs, ChainStreet Capital, Prospect Capital Management
- **Nationality:** American
- **Education:** B.A. in Economics and Biology, Brown University, MBA, Stanford Graduate School of Business
- **Known for:** Founded Ondo Finance and grew it to roughly $3.5 billion in total value locked, Helped bring billions of dollars of tokenized real-world assets on-chain, including U.S. Treasuries, stocks and commodities, Launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries

## Career timeline

- **pre-2018** — Associate at Prospect Capital Management, working in alternative credit
- **2018-2019** — Partner at ChainStreet Capital, a quantitative crypto hedge fund focused on algorithmic, event-driven strategies
- **2019-2021** — Joined Goldman Sachs' Global Markets Division on the digital assets team, building crypto market services and security-token offerings for institutional clients
- **2021** — Left Goldman Sachs in February to found Ondo Finance, framed as a decentralized investment bank
- **2022** — Raised a $20M Series A led by Founders Fund and Pantera Capital; launched early DeFi structured products
- **2023** — Spoke at TOKEN2049 on bringing traditional instruments on-chain; launched tokenized Treasury products including OUSG and the USDY yield-bearing stablecoin
- **2024-2025** — Expanded into tokenized equities via Ondo Global Markets and announced Ondo Chain, an institution-focused layer-1
- **2026** — Grew Ondo to roughly $3.5B in total value locked before his unexpected death in May; Ian De Bode named CEO

## Achievements

- Founded Ondo Finance and grew it to roughly $3.5 billion in total value locked
- Helped bring billions of dollars of tokenized real-world assets on-chain, including U.S. Treasuries, stocks and commodities
- Launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries
- Launched OUSG, a tokenized fund for short-term U.S. government Treasuries
- Launched Ondo Global Markets, which crossed $1B in TVL in under eight months tokenizing U.S. stocks and ETFs
- Raised a $20M Series A led by Founders Fund and Pantera Capital, with Coinbase Ventures, Tiger Global, GoldenTree, Wintermute and Flow Traders participating
- Widely credited with establishing Ondo as the leading protocol in real-world asset tokenization

## Latest updates

- **2026-05** — Nathan Allman died unexpectedly; Ondo Finance announced the news, with longtime president Ian De Bode stepping in as CEO.
- **2026-01** — Ondo reached roughly $3.5 billion in total value locked, cementing its position as the leader in real-world asset tokenization.

## Links

- Website: https://ondo.finance
- LinkedIn: http://www.linkedin.com/in/nathanlallman
- Twitter/X: https://twitter.com/OndoFinance
- YouTube: https://www.thinkingcrypto.com/ondo-finance-is-leading-the-tokenization-surge-with-nathan-allman/

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Profile page: https://yespress.io/nathan-allman
Published by YesPress — https://yespress.io
Last updated: 2026-06-10