Exodus crypto wallet starts trading on SEC-registered platform

Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise.
Exodus’ shares started trading on Securitize on Wednesday, allowing investors from all across the United States and international investors from more than 40 countries to trade the Exodus Class A common stock.
Trading under the ticker symbol EXOD, the Exodus Class A common stock is digitally represented on the Algorand blockchain via common stock tokens.

Tokenized shares in @Exodus_io are now trading on Securitize Markets. Retail investors included! With 24-7 order placement, 8am-8pm ET trading hours, near-instant deposits and promotional $0 fee trading, get started here: https://t.co/h55WEoAQMr pic.twitter.com/JasA5C7Qbx

— Securitize (@Securitize) March 16, 2022

According to a spokesperson for Exodus, Securitize Markets is the second trading venue to list Exodus shares after launching on tZero in September 2021. The new listing on Securitize enables the firm to onboard new retail investors and raise funds, Exodus CEO and co-founder JP Richardson said:
“Securitize’s platform enabled us to onboard over 6,800 mostly retail investors and raise $75 million. Now, with the trading of Exodus shares on their platform, it’s all under one roof. We are very excited about the increased ability to trade our shares.”
As previously reported, Exodus raised $75 million via a mini initial public offering sale approved by the U.S. Securities and Exchange Commission in May 2021. The SEC previously registered the Securitize platform as a transfer agent in 2019. The approved by the U.S. Securities and Exchange Commission by some major crypto companies and investors, including Coinbase, Morgan Stanley investment funds and Blockchain Capital.
“Now that Exodus shares are available for retail investors to trade on Securitize Markets, a bigger market for their shares, price discovery and liquidity potential has been created, and this should be an example to many other private businesses that want to raise capital from their community,” Securitize CEO Carlos Domingo said.
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Exodus initially sold its shares at a price of $27.42 per unit. According to the latest available data on TradingView, EXOD was trading at $15.9 on March 14.

Founded in 2015, Exodus is a major software cryptocurrency wallet integrated with a decentralized crypto exchange. Last week, the company reported nearly $96 million in revenues for the fiscal year of 2021, which is a 350% increase year-over-year.