Following the death of Ondo Finance founder Nathan Allman in May 2026, his estate has filed a lawsuit in Delaware against current CEO Ian De Bode. The lawsuit seeks De Bode's removal and control of the tokenization firm, claiming a disputed leadership handover has left Ondo Finance with two rival power centers. The estate is asking a judge to determine who legally runs the company.
Delaware ownership dispute
- ▪The estate of late Ondo Finance founder Nathan Allman filed a lawsuit in Delaware against current Chief Executive Officer Ian De Bode over a legal ownership dispute
- ▪The lawsuit filed by the estate of Nathan Allman seeks to remove Ian De Bode as Chief Executive Officer and gain control of Ondo Finance
CEO succession battle
- ▪Ondo Finance announced in May 2026 that Ian De Bode would take over as Chief Executive Officer following the death of founder Nathan Allman
- ▪The disputed leadership handover at Ondo Finance has created two rival power centers, prompting Nathan Allman's estate to ask a judge to decide who legally runs the company
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