The firm specializing in tokenized assets is looking into a potential acquisition estimated between $250 million and $500 million as consolidation in crypto infrastructure escalates.
By Will Canny|Edited by Sheldon Reback Jul 30, 2026, 4:04 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Ondo Finance is considering an acquisition valued at up to $500 million. (Frederick Warren/Unsplash)SummaryShow- According to a source familiar with the situation, Ondo Finance is exploring an acquisition in the range of $250 million to $500 million.
- The company has not yet appointed any formal advisers as it considers expanding through mergers and acquisitions.
- The crypto sector remains active in 2026, with firms targeting tokenization and institutional infrastructure as key areas for growth.
Ondo Finance, a company focused on tokenized assets, is assessing a possible acquisition valued between $250 million and $500 million, as reported by an insider.
Based in New York, the firm is looking at targets within the wealthtech sector, among others, according to the source, who chose to remain anonymous due to the confidentiality of the discussions.
As of now, Ondo has not retained any formal advisers for this potential deal.
Founded in 2021 by ex-Goldman Sachs executives, Ondo Finance specializes in bringing traditional financial assets onto blockchain platforms. The firm is recognized for issuing tokenized U.S. Treasuries and stocks, holding a significant position in the market with over $2.5 billion in its offerings.
An Ondo spokesperson stated, "As a rapidly growing company, Ondo routinely analyzes market opportunities as part of our standard operations. However, we are not currently engaged in discussions with any parties."
The crypto acquisition landscape has remained strong in 2026, as traditional finance companies and larger digital asset firms pursue deals to acquire licenses, technology, and distribution capabilities.
In the first quarter of 2026, the sector saw 89 deals totaling $3.2 billion, which was followed by a remarkable $12.9 billion in disclosed deal value in the second quarter, marking the second-highest quarterly total recorded, according to Architect Partners. Key targets for acquisitions include payments, stablecoins, custody solutions, tokenization, and institutional trading infrastructure, as companies aim to expand their scale and diversify their product offerings.
Notable recent transactions include Keyrock's acquisition of BlockFills' trading and brokerage assets, Kraken's $550 million purchase of Bitnomial, and Bullish, the owner of CoinDesk, acquiring investment platform Equiniti for $4.2 billion.
Since its founding, Ondo has secured approximately $24 million in venture capital, along with about $10 million from a public sale of its ONDO token. This positions Ondo as one of the most capital-efficient infrastructure companies in the crypto space, despite managing billions in tokenized assets.
At the time of publication, ONDO was trading at approximately $0.42, reflecting a 6% increase over the past 24 hours.
Read more: Crypto market maker B2C2 held sale talks with multiple potential buyers
- 1Crypto for Advisors: Is the Clarity Act dead?1 hour ago
- 2CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures2 hours ago
- 3The economics behind Aave proposal to ditch 6 chains that earn loose change in revenue2 hours ago
- 4JPMorgan says fading Clarity Act odds weigh on crypto outlook2 hours ago
- 5Institutional crypto trading hits a record 72% as Wall Street calms crypto's wild swings3 hours ago
- 6Ethereum enters its second decade after a year of upheaval at the foundation3 hours ago
- 7Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield3 hours ago
- 8Telegram faces terror-related legal action in Australia one day after founder is charged by Russia4 hours ago
- 9Bitcoin ETFs on track for the smallest monthly inflows ever5 hours ago
- 10South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament5 hours ago
Anvil: The Missing Collateral Layer
Anvil: The Missing Collateral Layer
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
By CoinDesk ResearchJul 29, 2026Commissioned byAnvilAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
View Full ReportMore From Finance