According to Blockworks, Ian De Bode has left his position as head of digital assets at McKinsey & Company to join real-world asset startup Ondo Finance as chief strategy officer. Ondo Finance has been hiring talent from major traditional finance firms, with founder and CEO Nathan Allman coming from Goldman Sachs' digital assets team. The company also recently hired Goldman's former head of digital asset compliance as its chief risk and compliance officer, and its vice president of partnerships, Kate Wheeler, was a former vice president at BlackRock.
De Bode expressed his belief in the potential of digital assets to create an open and accessible financial system and praised Ondo as the team to achieve it. Ondo Finance specializes in the tokenization of real-world assets, such as its USDY stablecoin, which pays out yield secured by US Treasurys. The firm has also invested $95 million of the backing behind its OUSG US Treasury tokens in BlackRock's on-chain money market fund, BUIDL.