#ondo在创始人去世后寻求出售
👉 公司的延续性断在半路

After the founder of Ondo passed away, it began seeking a sale.

The company behind tokenized Treasuries was once a benchmark in the space.

The product line hasn’t stopped, but the company’s ownership is changing.

In the same week, BlackRock was also developing a tokenized strategy for Ondo.

The assets and licenses are still there, but the team’s continuity has been broken.

The buyer’s offer will be marked down according to this gap.

The yield from tokenized Treasuries comes from spreads on the asset side.

Whether the spread stays active depends on operations, not on concepts.

Once the founder is gone, it’s hard to carry on this operation.

These kinds of deals usually don’t provide details—only the outcome.

Operational continuity is harder to take over than technology.

What holders care about is whether the product will be merged into another firm.

In this industry, team risk is often overlooked.

One person’s health can determine the price of a protocol.

For crypto, a company’s continuity is just as important as the technology.

Whoever takes over will determine the positioning of this product line.

Do you think the successor will be a traditional asset manager? Let’s discuss in the comments.