Ondo Finance, one of the largest RWA issuers, is considering acquiring a company valued between $250 million and $500 million. This was reported by CoinDesk citing a source familiar with the situation.
The potential deal could become one of the largest in the asset tokenization sector.
According to the publication's source, the New York-based Ondo Finance is exploring various acquisition options, particularly companies in the wealthtech sector. However, the company has not yet engaged official financial advisors.
An Ondo Finance representative stated to CoinDesk:
"As a fast-growing company, Ondo regularly evaluates the market as part of normal business operations. We are currently not in negotiations with any party."
Ondo Finance was founded in 2021 by former Goldman Sachs employees. As of July 2026, the platform's total value locked approached $3.5 billion, according to DefiLlama. This volume makes Ondo one of the largest players in the RWA market.
Earlier this year, the company also took a step towards integrating traditional finance with blockchain. After Ondo Global Markets confidentially filed an application with the SEC, the platform announced its intention to become the first issuer of tokenized stocks under the supervision of the American regulator. At the time, Ondo noted that the SEC's disclosure requirements are the "gold standard" for investors.
In May, the company went through a difficult period following the sudden death of founder Nathan Allman.
Consolidation Accelerates
According to Architect Partners, the crypto industry continues to show a high pace of mergers and acquisitions.
- In Q1 2026, 89 deals were concluded with a total value of $3.2 billion;
- In Q2, the aggregate volume of announced deals grew to $12.9 billion, making it the second-highest quarterly figure on record.
The main areas of interest for buyers were:
- asset tokenization infrastructure;
- stablecoins;
- custodial services;
- payment solutions;
- institutional trading infrastructure.
For more detailed information on M&A deals for July, see our weekly digests:
Among the largest recent deals are the acquisition of the Bitnomial platform by the Kraken exchange for $550 million and the purchase of the Equiniti investment platform by Bullish for $4.2 billion.
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