Crypto wallet developer Exodus to launch blockchain stock trading on NYSE
EXOD shares are tokenized using the Algorand blockchain
07.05.2024 - 09:50
204
3 min
0
What’s new? Exodus Movement, the company behind the development of Exodus, a programmatic non-custodial bitcoin wallet, will go public on the New York Stock Exchange (NYSE). Exodus Movement has received authorization from the US Securities and Exchange Commission (SEC) to offer and sell Class A common stock, and it will also be available on the NYSE American, formerly known as AMEX. Trading in the company’s shares under the ticker EXOD will begin on May 9.
What else is known? Exodus will be the first public company in the United States with tokenized shares. Exodus CEO and co-founder JP Richardson noted that the Algorand blockchain (ALGO) was used for tokenization. According to him, the move will simplify and speed up securities trading for investors.
Holders of EXOD shares on the blockchain will be able to access dividend payments in USDC stablecoins from US-based Circle.
PV01 platform will start issuing tokenized bonds of crypto companies
It issued a US Treasury bond token as a pilot project
Richardson also allowed the possibility that the blockchain shares will be used to organize corporate governance through voting.
Exodus became a public company on April 8, 2021, by listing on broker-dealer tZero’s platform. Five days later, the company raised $60 million.
EXOD shares are currently traded on the OTCQX exchange and will be available there until May 8, after which trading will open on the NYSE.
UK launches sandbox to test trading in tokenized securities
The Digital Securities Sandbox will run for five years
In January, Kaspersky Lab warned of malware that infiltrated macOS devices via pirated software and replaced Exodus Wallet and Bitcoin Wallet with infected versions.
Later, leading NFT marketplace Magic Eden launched a multi-chain, non-custodial crypto wallet with support for Solana, Bitcoin, Ethereum, and Polygon blockchains, developed in collaboration with the Exodus team.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 812
BTC
+3.44%
-
Ethereum
$3 343.44
ETH
+8.48%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.18
XRP
+7.03%
-
Dogecoin
$0.383419
DOGE
+1.46%
-
Cardano
$0.795085
ADA
-1.91%
-
Bitcoin Cash
$478.37
BCH
+8.52%
-
Polkadot
$5.86
DOT
+2.61%
-
Stellar XLM
$0.246417
XLM
-1.15%
-
Litecoin
$88.23
LTC
+4.58%