Ondo Finance weighs acquisition worth up to $500 million
Ondo Finance is reportedly evaluating a potential acquisition valued between $250 million and $500 million to expand its tokenized real-world asset platform. While the company has not formally appointed advisers, it is exploring wealthtech targets to scale its infrastructure and product offerings.
Why it matters
This move signals a broader trend of consolidation in the crypto sector, where successful infrastructure firms are leveraging their capital efficiency to acquire traditional financial technology to bridge the gap between on-chain assets and institutional distribution.
Tokenized asset specialist Ondo Finance is evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the matter.
The New York-based company is considering wealthtech targets, among other subsectors, said the person, who spoke on condition of anonymity because the matter is private.
Ondo has not yet appointed any formal advisers, the person said.
Founded in 2021 by former Goldman Sachs executives, Ondo Finance is a tokenization platform that brings traditional financial assets onchain. The company issues tokenized U.S. Treasuries and stocks and has become one of the largest providers of tokenized real-world assets, with more than $2.5 billion across its products .
“As a fast-growing company, Ondo regularly evaluates the market as part of normal business operations. We are not in conversations with any party at this time,” an Ondo representative said in emailed comments to CoinDesk.
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