Exodus Motion (NYSE: $EXOD) is transferring deeper into tokenized property by a brand new Ondo Finance partnership that brings inventory and ETF publicity straight into its self-custodial pockets.
The corporate launched Exodus Markets on Friday, giving eligible clients in choose areas the flexibility to purchase and promote greater than 200 tokenized shares, ETFs and real-world property on Solana by the Exodus app. The rollout consists of entry to tokenized EXOD, the corporate’s personal inventory, in addition to a broader set of property made accessible by Ondo’s tokenization infrastructure.
For Exodus, the launch extends a gentle push past pockets swaps and crypto storage right into a fuller monetary app. The corporate has been including funds, rewards and enterprise infrastructure round its self-custody base, and Exodus Markets brings traditional-market publicity into the identical interface customers already depend on for digital property.
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CEO and co-founder JP Richardson referred to as tokenized shares “one of the crucial essential developments in trendy finance,” saying clients can now commerce and maintain tokenized equities with the identical management they count on from crypto.
The product additionally provides Ondo one other distribution level for its tokenized markets technique. Ian De Bode, CEO at Ondo Finance, mentioned tokenized markets scale by integrating with the merchandise folks already use to handle cash, pointing to Exodus’ self-custodial viewers as a pure entry level.
The launch comes as tokenized equities have gotten a bigger aggressive entrance throughout crypto apps, exchanges and DeFi platforms. The attraction is easy: 24/7 entry, onchain settlement and international attain. The regulatory line stays essential. Exodus mentioned availability will depend on supported areas, and tokenized property will not be the identical as proudly owning the underlying securities or receiving shareholder rights.
Nonetheless, the partnership provides one other public-company sign to the tokenized equities race. Exodus is making an attempt to make self-custody really feel much less like a crypto-only device and extra just like the entrance door for on a regular basis portfolio entry.
Exodus Motion Inc. (NYSE: EXOD) is at the moment buying and selling at $6.28 U.S. per share.
