Tokenized assets specialist Ondo Finance values a potential acquisition at between $250 million and $500 million, according to a person with knowledge of the matter.
The New York-based company plans to pursue targets in the tech wealth sector, among other subsectors, said the person, who spoke on condition of anonymity because the matter is private.
Ondo is yet to appoint any official advisors, the source said.
Founded in 2021 by former Goldman Sachs executives, Ondo Finance is a tokenization platform that brings traditional financial assets on-chain. The company issues U.S. Treasuries and tokenized stocks and has become one of the largest providers of real-world tokenized assets, with over $2.5 billion in its products.
“As a rapidly growing company, Ondo regularly evaluates the market as part of its normal business operations. We are not in conversations with any party at this time,” an Ondo representative said in emailed comments to CoinDesk.
Crypto trading has remained strong in 2026 as traditional financial firms and larger digital asset companies use acquisitions to add licensing, technology and distribution.
