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