On September 24, Ondo’s official account confirmed that after the founder passed away, the project team was seeking to sell. The news triggered a sharp ONDO price fluctuation that very night—when I saw this announcement, I suddenly remembered an in-person discussion from a few winters ago.
At that meeting, there was someone working on RWA. He spoke around Ondo for half an hour about how to bring U.S. Treasury bonds on-chain. I didn’t remember any of it—I just recall him saying that what these kinds of projects fear most isn’t regulation; it’s when there’s no one to take over and the ownership of the property can’t be clarified. Back then it sounded like casual talk, and after the meeting ended, I forgot about it.
Looking back now, what he described has already turned into an asset that others are bargaining for. The project got built, but after it’s built, who it belongs to is a different matter—and on-chain, things like this will only become more and more common: the protocol is still running, the founder is no longer there, and do the votes that people invested back then still carry weight? $ONDO
Have you seen any project make it through this step?
At that meeting, there was someone working on RWA. He spoke around Ondo for half an hour about how to bring U.S. Treasury bonds on-chain. I didn’t remember any of it—I just recall him saying that what these kinds of projects fear most isn’t regulation; it’s when there’s no one to take over and the ownership of the property can’t be clarified. Back then it sounded like casual talk, and after the meeting ended, I forgot about it.
Looking back now, what he described has already turned into an asset that others are bargaining for. The project got built, but after it’s built, who it belongs to is a different matter—and on-chain, things like this will only become more and more common: the protocol is still running, the founder is no longer there, and do the votes that people invested back then still carry weight? $ONDO
Have you seen any project make it through this step?
