TLDRCoinDesk reported that Ondo Finance was offered to potential buyers after founder Nathan Allman died on May 25, 2026, citing three anonymous sources.Ondo called the report “wholly untrue” and said no one at the company sought buyers or asked anyone to do so.Allman’s mother, Kathleen Allman, is fighting acting CEO Ian De Bode for control of Ondo in the Delaware Court of Chancery.A court order lets De Bode run daily operations but blocks major company changes while the case continues.Ondo launched a new institutional share conversion service on September 21 through Alpaca’s Instant Tokenization Network.Ondo Finance has denied a report that the tokenization company was offered to potential buyers after the death of its founder, Nathan Allman.CoinDesk reported the claim, citing three people familiar with the matter. Two of them said the outreach took place sometime after Allman died on May 25, 2026.The report could not confirm who was behind the effort. It also could not determine what price, if any, was discussed.An Ondo spokesperson called the report “wholly untrue.” The spokesperson said, “Nobody at the company has shopped it for sale, been in sales talks, or engaged or asked anyone to do so on its behalf. There are no facts to support this.”Allman’s estate declined to comment.Court Fight Over Who Controls OndoAllman died unexpectedly at age 32 without a will. He held a controlling stake in Ondo Finance and a large amount of ONDO tokens.After probate in Hawaii, his estate went to his parents, Kathleen Allman, 77, and Lawrence Allman, 82. Kathleen was named personal representative of the estate on June 26.Kathleen later used the estate’s voting rights to appoint new directors and try to remove acting CEO Ian De Bode. De Bode disputed the move, and the case went to the Delaware Court of Chancery.Court records show the case, Kathleen C. Allman v. Ondo Finance Inc., was filed on July 24. It remains active before Chancellor Kathaleen McCormick.The estate alleges De Bode took control without valid board approval. It has also challenged a pay package for him worth about $11 million. De Bode has called the allegations meritless.Under a current court order, De Bode can run daily operations but cannot make major changes while the dispute continues. One source told CoinDesk the legal fight has likely put any sale plans on hold.A separate case is underway in Hawaii. Allman’s half-sister, Dr. Lani Clinton, and Ondo investor David Chen asked a court to limit Kathleen’s control over her share of the estate. Kathleen has denied the petition’s allegations.Ondo Business ContinuesOndo was founded in 2021 by former Goldman Sachs executives and is based in New York. It offers tokenized U.S. Treasuries and stocks.The company has raised $24 million in equity funding from backers including Founders Fund, Pantera Capital, Coinbase Ventures and Tiger Global. A separate $10 million token sale brings its publicly reported fundraising to $34 million.Ondo has never disclosed a valuation. In July, it was reported to be exploring an acquisition worth up to $500 million in wealth technology or related businesses.RWA.xyz data showed $3.63 billion in Ondo distributed assets across 441 products as of September 22.On September 21, Ondo launched a service that lets approved institutions convert shares directly into Ondo Stocks through Alpaca’s Instant Tokenization Network. The service is live on Ethereum and BNB Chain.The post Ondo Finance Rejects Sale Talk Report as Court Fight Over Control Continues appeared first on Blockonomi.