Someone was trying to sell Ondo Finance after founder Nathan Allman's death
The company has vehemently denied that it was shopping for buyers. Allman’s estate declined to comment.
Tokenization platform Ondo Finance was shopped to prospective buyers after the sudden death of its founder and CEO, Nathan Allman, earlier this year, according to three people with knowledge of the matter.
The outreach occurred sometime after Allman’s death on May 25, according to two of the people who spoke on condition of anonymity, as the matter is private.
In early August, Allman’s estate filed suit against Ondo’s acting CEO Ian De Bode, alleging an unlawful power and money grab and sparking a bitter corporate control fight.
An Ondo spokesman denied that the company was, at any point, looking for buyers, calling the talk of a potential sale “wholly untrue.”