Tokenization firm Ondo Finance was shopped to buyers after founder’s death

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.

But who, exactly, was behind the attempts to sell Ondo Finance remains unclear.

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.

Nathan Allman died unexpectedly and without a will at 32, creating uncertainty over the fate of his controlling stake in Ondo Finance and his massive trove of ONDO tokens. After a probate process, his estate was awarded to his parents, 77-year-old Kathleen Allman and 82-year-old Lawrence Allman.