Exodus Movement has widened its push beyond wallets and into trading. The publicly listed self-custody provider said Monday it has launched Exodus Markets with Ondo Finance, giving users access to more than 200 tokenized stocks, exchange-traded funds and real-world assets through the Exodus app on Solana.
The product matters because it puts tokenized exposure inside a crypto wallet that already handles storage, sending and spending. For Exodus, it is another step toward becoming a broader financial platform rather than a single-purpose wallet. For Ondo, it gives the firm a distribution channel to one of the larger self-custody user bases in crypto.
Users in supported regions can also trade EXOD, the company’s own publicly traded stock, alongside the tokenized assets, subject to local regulatory availability. Exodus said it was the first publicly traded company to tokenize its own shares, back in 2021, and framed the new launch as an extension of that earlier experiment.
JP Richardson, Exodus’s chief executive and cofounder, called tokenized stocks “one of the most important developments in modern finance.” He said customers can now hold tokenized equities with the same direct control and global access they expect from crypto. Ondo chief executive Ian De Bode struck a more practical note, saying tokenized markets scale only when they are built into products people already use to manage money.
The companies were careful on the legal line. Tokenized assets do not equal ownership of the underlying securities, and holders do not receive shareholder rights. That distinction has become standard across the sector, as issuers try to sell economic exposure without implying full legal claims on the stock or fund.
The launch comes as tokenized equities draw sharper competition. Daily tokenized stock volume hit a record $3.57 billion in May, and rivals are moving fast. Binance has previewed bStocks on BNB Chain, while Robinhood has built an Arbitrum-based chain for tokenized equities and 24/7 trading. For now, the key question is liquidity: whether Exodus can turn a splashy product launch into durable activity on Solana, or whether the market stays thin once the initial burst fades.
Exodus, Ondo roll out tokenized stocks on Solana
Exodus and Ondo Finance launched Exodus Markets, allowing users to trade over 200 tokenized stocks and ETFs on Solana through the Exodus app. This expands tokenized equity access while noting holders receive economic exposure but not shareholder rights.