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July 14, 2025 – Ondo Finance, a leading innovator in tokenized real-world assets (RWAs), today announced its strategic acquisition of Strangelove, a renowned blockchain development company. This landmark acquisition significantly bolsters Ondo’s engineering and product capabilities, positioning it as the premier full-stack tokenized asset platform with unparalleled omnichain asset issuance, protocol design, and blockchain development expertise for bringing traditional financial markets onchain at scale.
Strangelove, recognized as a center of engineering excellence for the Interchain, brings a formidable track record of designing, deploying, and maintaining open-source infrastructure across multiple blockchain ecosystems. Their team’s deep expertise spans foundational technologies such as interoperability protocols, SDK frameworks, and custom chain deployments. Strangelove has been instrumental in building software to supercharge the growth and security of the Interchain, with notable contributions including:
- IBC Go Relayer: An IBC protocol-based relayer facilitating data and value transfer between blockchains.
- Interchain Test: Orchestrates Go tests utilizing Docker containers for multiple IBC-compatible blockchains.
- Horcrux: A threshold signer for Tendermint-based validators, enhancing security and reliability.
- Juno Tools: Supporting a decentralized, public, permission-less network for cross-chain smart contracts.
- Cosmos Operator: Enabling highly-available, fault-tolerant RPC node deployments within Kubernetes clusters.
- Packet Forward Middleware: Facilitating the forwarding of IBC packets across multiple connected networks.
- Wasm IBC Light Client: Simplifying the development of new light clients for any language compiling to wasm bytecode.
- Interchain Query (ICQ): Allowing state queries of accounts on other chains without the need for ICA authentication.
- Swap & Forward Middleware: Enabling users on other IBC-enabled chains to remotely call swaps in a single transaction.
This proven capability in building secure and modular blockchain infrastructure is a pivotal asset for Ondo’s mission to modernize global capital markets.
"This acquisition reinforces our commitment to building the foundational infrastructure to bring financial markets onchain," said Nathan Allman, Founder and CEO of Ondo Finance. "Strangelove’s engineering depth and proven execution will help us bring scalable, interoperable financial products to a global audience. Their expertise in the Interchain and their contributions to robust blockchain infrastructure are invaluable as we accelerate the launch of our forthcoming blockchain and solidify our position as the only truly full-stack tokenized asset platform."
As part of the acquisition, Jack Zampolin, former CEO of Strangelove, will join Ondo Finance as Vice President of Product. Zampolin's extensive experience in protocol design, infrastructure development, and go-to-market execution, honed through leading product efforts across multiple Layer 1 chains and interoperability systems, will be instrumental in expanding Ondo’s technical roadmap and building out the infrastructure for the future of onchain finance.
"Strangelove was founded to build secure, modular blockchain infrastructure," commented Jack Zampolin. "Joining Ondo gives us the opportunity to bring that experience to the leading platform for real-world assets and accelerate the development of critical infrastructure to help RWAs scale and thrive onchain. We are excited to combine our deep technical expertise with Ondo's vision to revolutionize financial markets."
The integration of Strangelove's team, including key personnel like Lucy Lock (CFO), Andrew Gouin (CTO), Stephen Miskovetz (Protocol Engineer), Alex Cheng (Dir. Product), and others, will enable Ondo Finance to accelerate the development of its full-stack RWA platform. This will enhance its ability to issue, manage, and facilitate the onchain trading of tokenized real-world assets. This move is a significant step towards Ondo's mission to accelerate the transition to an open economy by building the platforms, assets, and infrastructure necessary for financial markets to operate efficiently and securely onchain.
About Ondo Finance
Ondo Finance is a blockchain technology company dedicated to accelerating the transition to an open economy. It achieves this by building the platforms, assets, and infrastructure that bring traditional financial markets onchain. As a leader in tokenized real-world assets (RWAs), Ondo Finance is committed to creating scalable, interoperable financial products for a global audience. For more information, visit https://ondo.finance.
About Strangelove
Prior to its acquisition by Ondo Finance, Strangelove was a blockchain development company, lab, and validator focused on designing, deploying, and maintaining open-source infrastructure across multiple blockchain ecosystems. Known for its contributions to protocol development, chain architecture, and secure validator operations, Strangelove was a recognized center of engineering excellence for the Interchain.Compiled by CMO Intern team
