Ondo Finance Weighs Acquisition of Up to $500 Million
JH Kim
Summary
- Ondo Finance, a real-world asset tokenization platform, was reported to be weighing an acquisition of up to $500 million.
- Ondo Finance is reviewing acquisition targets valued at $250 million to $500 million to expand in the crypto infrastructure market.
- Ondo Finance said it is not currently engaged in acquisition talks with any party.
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Ondo Finance, a real-world asset tokenization platform, is weighing a corporate acquisition of up to $500 million, CoinDesk reported on July 30, citing people familiar with the matter.
The company is reviewing targets valued at $250 million to $500 million as it seeks to expand amid rising merger and acquisition activity in the crypto infrastructure market, according to the report. Ondo has not appointed a formal adviser, and a wealthtech company is considered a leading candidate.
Ondo said it continues to evaluate the market as part of its normal business operations as a fast-growing company. It added that it is not currently in acquisition talks with any party.
JH Kim
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