Bitcoin wallet Exodus will be listed on the New York Stock Exchange! EXOD shares have been tokenized on Algorand

Cryptocurrency wallet developer Exodus Movement (hereinafter referred to as Exodus) announced yesterday (6) that it has been approved to trade on NYSE American (formerly the American Stock Exchange, after being merged by NYSE in 2008) renamed) listed.

The company’s Class A common stock, with a par value of $0.000001, will trade on NYSE American using its existing stock symbol "EXOD" when the U.S. stock market opens on May 9, 2024.

Note: Exodus was listed on the digital asset securities company Securitize Markets in March 2022 with the ticket code "EXOD".

Regarding listing on NYSE American, JP Richardson, CEO and co-founder of Exodus, said: Trading on NYSE American will expand Exodus’ visibility, thereby creating greater long-term value for our shareholders and increasing liquidity.

EXOD stock has been tokenized on Algorand

It is worth mentioning that, according to Decrypt reports, Exodus can not only be traded on the compliant public securities market, but has also been previously available on The corresponding stock token "EXOD" is traded on the public chain. “What’s really cool is that our common stock is tokenized on the Algorand (ALGO) blockchain, so we are the only company in the United States that has our common stock tokenized on the blockchain,” Richardson said.

According to the official answer from Exodus, both EXOD tokens and EXOD stocks on the brokerage platform are common shares of Exodus, but they just exist in different places. The former is the digital form of its common shares and exists in its transfer agent Securitize; the latter is the common shares traded in DTC, the electronic settlement system of traditional finance.

Richardson said that the benefit of tokenizing EXOD stock, in addition to making it easier and faster for investors to trade the stock, is that when Exodus needs to pay dividends, it will be able to use USDC to pay shareholders on the blockchain. Make payment. He further said: We can govern and vote directly on the blockchain through stocks, that is, corporate governance,…. We want to ultimately see a future where traditional stocks are powered by blockchain, and I think that's the great thing about all of our efforts.

Despite the U.S. Securities and Exchange Commission’s (SEC) crackdown on cryptocurrencies, Richardson said he is optimistic about the future of publicly traded digital assets, calling it a new era for stocks to be tokenized on the blockchain .

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