Nathan Allman

Ondo Finance was pitched to prospective buyers after founder and CEO Nathan Allman died, people familiar with the matter said, though the company denies any sale effort. A legal battle over corporate control has likely stalled any potential transaction while the tokenization firm continues operating under court-imposed limits.

A court fight over Ondo Finance has widened after the death of founder Nathan Allman, who died without a will. New filings in Hawaii seek a limited conservatorship over Kathleen Allman’s share of the estate, while she denies allegations about her competency and financial management.

Ondo Finance is facing a high-stakes governance dispute after founder Nathan Allman’s death left control of his voting stake tied up in probate. Delaware court filings ask a judge to determine who lawfully controls the tokenization firm while competing claims over leadership remain unresolved.