Goldman’s Former Head of Digital Joins DeFi Startup Ondo (1)

Justin Schmidt, the former head of digital asset markets at Goldman Sachs Group Inc., has become president and chief operating officer of Ondo Finance Inc., a decentralized investment platform founded by a pair of other Goldman associates.

Schmidt spent two years at Goldman, leading its efforts in digital assets, before moving on to crypto technology provider Talos, which he left almost a year ago.

The move comes as Ondo, founded by Nathan Allman and Pinku Surana, has been making a deeper push into the so-called “tokenization” of real world assets such as bonds and US Treasuries ...