Exodus Launches Tokenized Stock Trading Platform With Ondo on Solana

Exodus Movement Inc. launched a tokenized trading platform called Exodus Markets on June 12 in partnership with Ondo Finance, enabling customers to buy and sell more than 200 tokenized stocks, ETFs and real-world assets directly on Solana. The new service is available to eligible customers in select markets through the Exodus self-custodial wallet app. The rollout marks Exodus' expansion from a pure self-custodial wallet into a broader financial platform that lets customers trade, spend, send, earn rewards and manage money in one app. The launch comes as the tokenized equities market reached $5.5 billion in market capitalization as of June 8, a roughly 147% increase from $2.23 billion at the start of the year.

Exodus Markets Enables Trading of 200-Plus Assets on Solana

The new service allows customers to trade more than 200 tokenized stocks, ETFs and real-world assets directly on Solana through the Exodus self-custodial wallet app. Customers in supported regions can buy and sell tokenized EXOD alongside other assets within the wallet app, according to the company statement on Friday.

Exodus CEO Comments on Direct Control and Global Access

"For the first time, our customers can trade and hold tokenized equities with the same direct control and global access they expect from crypto," Exodus CEO JP Richardson said. "Exodus is becoming the front door to every asset you hold, without compromising on trust and control."

Exodus Founded in 2015, Listed on NYSE American

Founded in 2015 and listed on the NYSE American under the ticker EXOD, Exodus was among the first publicly traded companies to tokenize its stock in 2021.

Tokenized Equities Market Reaches $5.5 Billion

The tokenized equities market reached $5.5 billion in market capitalization as of June 8, a roughly 147% increase from $2.23 billion at the start of the year, according to The Block's data. The category ranks as the fourth-largest real-world asset class.

FAQ

What did Exodus Movement Inc. launch on June 12?

Exodus Movement Inc. launched a tokenized trading platform called Exodus Markets on June 12 in partnership with Ondo Finance, allowing customers to buy and sell more than 200 tokenized stocks, ETFs and real-world assets directly on Solana.

How large is the tokenized equities market as of June 8?

The tokenized equities market reached $5.5 billion in market capitalization as of June 8, representing a roughly 147% increase from $2.23 billion at the start of the year, and ranks as the fourth-largest real-world asset class.