Ondo Finance hires former Blockchain.com CFO Adam Schlisman

Ondo Finance has appointed former Blockchain.com executive Adam Schlisman as chief financial officer as the tokenized-assets firm expands its finance operations amid growing adoption of onchain capital markets, the company said in a press release on Wednesday.

Schlisman joins from global macro hedge fund Monashee Investment Management, where he served as CFO.

Before that, he was chief financial officer at Blockchain.com, overseeing finance, treasury and risk during a period of rapid growth. Earlier in his career, he spent nearly a decade at Graham Capital Management in portfolio management and risk roles.

Founded in 2021 by former Goldman Sachs executives, Ondo is one of the largest tokenized real-world asset platforms, offering blockchain-based U.S. Treasuries and stocks with more than $3.5 billion across its products.

Tokenization has emerged as one of crypto’s fastest-growing sectors as Wall Street firms race to bring traditional financial assets onto blockchain rails. Banks, asset managers and crypto-native firms are increasingly issuing tokenized versions of Treasuries, money market funds, private credit and equities, betting the technology can reduce settlement times, improve market access and unlock round-the-clock trading.

“Ondo has reached the inflection point every finance leader looks for,” Schlisman said in emailed comments. “Ondo Stocks crossing $1 billion in TVL, the growth of Ondo Perps and work with traditional market infrastructure providers like DTCC all point to the same thing: tokenized markets are moving from early adoption to institutional scale. My mandate is to build the financial operations that can scale with them,” he added.

The appointment comes as Ondo seeks to scale the financial infrastructure supporting its tokenized-assets business, which the firm says is moving from early adoption toward broader institutional use.

The platform is available on Solana, Ethereum and BNB Chain and is integrated with exchanges, wallets and custodians, including Binance, Bitget, MetaMask, Ledger and Blockchain.com.

CoinDesk reported last week that Ondo was evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the matter.

Read more: Ondo Finance weighs acquisition worth up to $500 million