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, mentioned 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 mentioned.
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 $3.5 billion throughout its merchandise.
“As a fast-growing firm, Ondo repeatedly evaluates the market as a part of regular enterprise operations. We aren’t in conversations with any get together at the moment,” an Ondo consultant mentioned in emailed feedback to CoinDesk.
Crypto dealmaking has remained sturdy in 2026 as conventional monetary companies and bigger digital-asset firms use acquisitions so as to add licenses, know-how and distribution.