Ondo Finance Eyes $250M-$500M Acquisition Amid Crypto M&A Surge

Ondo Finance is considering a major acquisition, potentially valued between $250 million and $500 million. This move would allow the tokenization company to expand into wealthtech and other financial sectors.

The New York-based company has not yet appointed formal advisers or entered discussions with a specific target. An Ondo representative told CoinDesk that 'As a fast growing company, Ondo regularly evaluates the market as part of normal business operations. We are not in conversations with any party at this time.'

Ondo was founded in 2021 by former Goldman Sachs executives and has raised about $24 million in venture funding since its launch, alongside roughly $10 million from a public ONDO token sale.