Tokenized asset specialist Ondo Finance is evaluating a possible acquisition of between $250 million and $500 million, in accordance with an individual with information of the matter.
The New York-based firm is contemplating wealthtech targets, amongst different subsectors, stated the individual, who spoke on situation of anonymity as a result of the matter is non-public.
Ondo has not but appointed any formal advisers, the individual stated.
Based in 2021 by former Goldman Sachs executives, Ondo Finance is a tokenization platform that brings conventional monetary property onchain. The corporate points tokenized U.S. Treasuries and shares and has turn into one of many largest suppliers of tokenized real-world property, with greater than $2.5 billion throughout its merchandise.
“As a fast-growing firm, Ondo frequently 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 robust in 2026 as conventional monetary corporations and bigger digital-asset corporations use acquisitions so as to add licenses, expertise and distribution.