Ondo Finance

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.

Ondo Finance is weighing a potential acquisition valued between $250 million and $500 million as tokenization firms look for scale. The move comes amid strong crypto dealmaking in 2026, with infrastructure, payments, custody and institutional trading among the most active targets.

Ondo Finance has moved away from its earlier layer-1 blockchain plan and introduced Ondo Network, a trading system designed for institutional tokenized asset markets. The network powers Ondo Perps and separates private, high-speed execution from settlement on public blockchains.

ONDO has moved into a correction after its recent recovery stalled near the $0.41 area. Technical traders are watching whether the token can defend key moving averages or slide toward the $0.30-$0.31 channel support zone.

Japan’s SBI Group has acquired a majority stake in Singapore based crypto platform Coinhako, advancing a broader plan to link digital asset markets across Asia. The move sits alongside partnerships with Ondo Finance and the Solana Foundation as SBI expands into tokenization, stablecoins and blockchain settlement infrastructure.

Grayscale Chief Financial Officer Edward McGee has resigned after seven years at the crypto asset manager, with Kathryn Masci and Daniel Plourde named interim co-chief financial officers. The move follows another senior departure and comes as the manager of GBTC keeps its U.S. IPO preparations on hold amid market conditions.

Ondo Finance has launched what it says is the first implementation of the SEC’s third-party custodial tokenization model. The rollout begins with BlackRock’s IVV ETF and Micron shares under a U.S. market framework.

Fidelity rolls out its Digital Interest Token on Ethereum, surpassing $200M. Ondo Finance emerges as the primary holder, fueling the $7.5B tokenized U.S. Treasuries boom.