Key facts
- Exodus and Ondo Finance launched Exodus Markets on June 12, integrating tokenized stock and ETF trading into the Exodus wallet on Solana.
- The platform offers trading for over 200 tokenized stocks, ETFs, and other real-world assets.
- Tokenized assets do not grant ownership of underlying securities or shareholder rights.
- The tokenized equities market has seen significant growth, reaching $3.5 billion in value.
- Exodus, a self-custody wallet provider founded in 2015, is expanding its financial services offerings.
Exodus and Ondo Finance have launched Exodus Markets, a platform enabling users to trade over 200 tokenized stocks, ETFs, and real-world assets directly on the Solana blockchain. Available in select markets to eligible customers, the service is integrated into the Exodus self-custodial wallet app, allowing users to manage these assets alongside cryptocurrencies.
This move marks Exodus's expansion beyond a crypto wallet provider into a broader financial platform, aiming to offer customers control and global access to tokenized equities. The launch coincides with a significant surge in the tokenized equities market, which has grown to $3.5 billion in value, representing a 139% increase over the past 30 days.
Several other crypto exchanges and platforms, including Kraken, Bybit, Binance, Coinbase, and Blockchain.com, are also expanding into tokenized equities and pre-IPO markets, notably offering access to SpaceX shares. While SpaceX shares saw an initial gain, Bybit later announced refunds for its SpaceX IPO offering subscribers due to issues securing underlying shares.