On DEX in the City, three crypto lawyers used the leadership battle at the tokenization firm to warn founders about one-person boards and missing estate plans.
The Ondo Finance crisis highlights the urgent need for robust crypto succession planning to prevent governance and asset access issues. Ondo Finance's succession crisis puts crypto's key management problem under a microscope.
Grvt partners with Ondo Finance to build a $100 million position in USDY, the tokenized bond backed by U.S. Treasury securities. The platform will integrate USDY into Grvt Earn and manage the asset on its own balance sheet, channeling an approximate 3.5% yield into its users' base rate.
USDY is a tokenized secured note backed primarily by short-term U.S. Treasurys, Treasury-based ETF shares, and bank deposits.
ONDO's team-linked Coinbase deposit tests persistent exchange outflows as $0.345 Fibonacci support faces pressure.
The growing RWA market highlights the increasing reliance on tokenization, reshaping financial landscapes and challenging traditional finance norms. ONDO Finance holds 8% of RWA market share as tokenized assets hit $38B.
Ondo Perps' rapid growth highlights the potential for 24/7 trading of tokenized traditional assets, reshaping crypto derivatives markets. ONDO Perps hits $7B in volume weeks after launch.
Ondo Perps surpassed $7 billion in cumulative trading volume only weeks after its public launch, according to DefiLlama data, showing strong early demand for blockchain-based derivatives. The platform recorded around $7.03 billion in perpetual futures volume, with approximately $200 million traded in the last 24 hours and nearly $69 million in open interest.
The estate of late Ondo Finance founder Nathan Allman has taken the tokenization firm's current chief executive to court in Delaware over a legal ownership dispute. A disputed leadership handover has left the company with two rival power centers and the estate is asking a judge to decide who legally runs the company.
Kathleen Allman says Ian De Bode declared himself CEO without board approval after her son's death, and asks a Delaware judge to confirm she controls Ondo.
Ondo Finance's dominance in tokenized stocks highlights the potential for blockchain to democratize global equity access, despite liquidity challenges. ONDO Finance leads tokenized stock market with 34% share as sector hits $2.3 billion.
Ondo (ONDO) price falls 6.1% as a leadership dispute, rising exchange flows, and weaker derivatives data add fresh selling pressure.