Ondo Finance is a U.S.-based blockchain company that brings traditional financial assets - U.S. Treasuries, money-market funds, stocks and ETFs - on-chain as tradable, yield-bearing tokens. Through products like OUSG (tokenized short-term Treasuries), USDY (a yield-bearing dollar token) and Ondo Global Markets (tokenized U.S. equities), it aims to make institutional-grade financial products accessible to anyone, anywhere, around the clock. The company is also building Ondo Chain, a blockchain purpose-built for regulated real-world assets.
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.