Ondo Finance Acquires Blockchain Developer Strangelove in RWA Push

Ondo Finance has acquired Strangelove, a blockchain development firm, to bolster its technical capabilities amid growing competition in the tokenized real-world assets (RWA) market. The MOVE underscores Ondo's strategy to build vertically integrated infrastructure as the sector matures.

Financial terms were undisclosed. Strangelove CEO Jack Zampolin will join ONDO as VP of Product, bringing expertise in protocol design and cross-chain interoperability. The acquisition aligns with Ondo's plans to launch its own blockchain network.

"This reinforces our commitment to onchain financial markets," said Ondo CEO Nathan Allman. "Strangelove's engineering depth will help deliver scalable, interoperable products globally." The deal comes as tokenization faces technical hurdles around scalability and institutional adoption.