Ondo Finance has brought on board Matthieu de Vergnes to serve as Managing Director for its Global Institutional Business division, marking a significant move in the platform's expansion strategy. The appointment comes as the DeFi protocol seeks to strengthen its institutional-facing operations and market presence.

De Vergnes brings substantial experience from his tenure at McKinsey & Company, where he functioned as a partner overseeing capital markets and investment banking operations. His expertise in financial infrastructure and institutional client management positions him well to lead Ondo Finance's push into the institutional sector.

The move signals Ondo Finance's commitment to building out its institutional capabilities, with de Vergnes' appointment as Managing Director reflecting the organization's ambitions in this high-growth segment.