Tokenized asset specialist Ondo Finance is evaluating a potential acquisition ranging from $250 million to $500 million, according to a person familiar with the matter. The firm has not yet appointed formal advisers as it considers expansion through mergers and acquisitions.
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Ondo Finance exploring acquisition of up to $500 million
IN SHORT
Tokenized asset specialist Ondo Finance is evaluating a potential acquisition ranging from $250 million to $500 million, according to a person familiar with the matter. The firm has not yet appointed formal advisers as it considers expansion through mergers and acquisitions.
Frequently asked questions
Ondo Finance is a tokenization platform founded in 2021 by former Goldman Sachs executives. It brings traditional financial assets, such as U.S. Treasuries and stocks, onto the blockchain.
Ondo Finance is evaluating a potential acquisition valued between $250 million and $500 million.
The company is considering wealthtech targets, among other subsectors.
Ondo Finance has raised $24 million in venture funding and approximately $10 million from a public ONDO token sale.
What Happens Next
01Ondo Finance may appoint formal advisers for the acquisition.
02The company may enter into acquisition conversations with potential targets.
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Ondo Finance exploring acquisition of up to $500 million