Exodus launches tokenized stock trading on Solana with Ondo Finance

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Self-custodial wallet provider Exodus Movement on Friday launched Exodus Markets in partnership with Ondo Finance, giving eligible customers in supported regions the ability to buy and sell more than 200 tokenized stocks, ETFs and real-world assets on Solana directly inside the Exodus app.

Exodus said the product extends its wallet into a broader financial platform covering trading, spending and rewards in one place.

Ondo’s tokenized asset catalog was already live on Solana since January, meaning Exodus is distributing an existing product set through its app.

“This is how tokenized markets scale, by integrating with the products people already use to manage their money,” said Ian De Bode, CEO at Ondo Finance.

The offer relies on Regulation S, targeting persons outside the United States, and requires KYC onboarding with wallet and transaction screening, Ondo’s legal documentation shows.

The tokenized assets are structured notes issued by a BVI special purpose vehicle that provide economic exposure to the underlying securities. Tokenholders do not own the underlying shares and do not receive voting or other shareholder rights.

Exodus said it was the first publicly traded company to tokenize its own stock in 2021. The new launch extends that history into an in-app market covering equities, ETFs, and other real-world assets.

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