Tokenized asset specialist Ondo Finance is evaluating a possible acquisition of between $250 million and $500 million, in accordance with an individual with data of the matter.
The New York-based firm is contemplating wealthtech targets, amongst different subsectors, stated the particular person, who spoke on situation of anonymity as a result of the matter is personal.
Ondo has not but appointed any formal advisers, the particular person stated.
Based in 2021 by former Goldman Sachs executives, Ondo Finance is a tokenization platform that brings conventional monetary belongings onchain. The corporate points tokenized U.S. Treasuries and shares and has develop into one of many largest suppliers of tokenized real-world belongings, with greater than $2.5 billion across its products.
“As a fast-growing firm, Ondo commonly evaluates the market as a part of regular enterprise operations. We’re not in conversations with any get together right now,” an Ondo consultant stated in emailed feedback to CoinDesk.
Crypto dealmaking has remained sturdy in 2026 as conventional monetary companies and bigger digital-asset corporations use acquisitions so as to add licenses, know-how and distribution.