Leadership conflict emerges at Ondo Finance following the founder's death.
Regulation & Gov ·
A corporate control dispute has erupted at Ondo Finance following founder Nathan Allman's death in May, with his estate accusing former President Ian De Bode of improperly claiming CEO authority while the founder's voting stake was held in probate limbo. Three Delaware court filings seek to determine lawful control of the tokenization firm after De Bode allegedly took corporate actions including hiring advisors and approving grants without proper board authorization. The estate's representative, Kathleen Allman, initially pursued a cooperative transition but filed suit after De Bode and company counsel refused to recognize her authority or provide corporate records. De Bode has stated the claims are meritless and that the company retains support from key investors and the Ondo Foundation.