Ondo Finance succession dispute after founder's death reaches court
- —Nathan Allman died on May 25, 2026 at age 32, as sole director and controlling shareholder
- —On June 1, 2026, president Ian De Bode declared himself CEO without board approval
- —On July 24, Kathleen Allman reconstituted the board and removed De Bode, appointing herself interim CEO
- —A lawsuit was filed in the Delaware Court of Chancery; the founder's daughter alleged her mother has dementia and alcoholism
Why it matters: Uncertainty over Ondo's governance casts doubt on the contracts and partnerships of a major RWA platform, and decisions from the disputed period may be challenged in court.
Source: Crypto Briefing