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Exodus plans to issue stock tokens on multiple public chains, with Solana as the preferred choice.
Exodus Movement, Inc. has recently announced a partnership with Superstate to create common stock tokens that will represent its Class A shares in digital form on multiple major public chains. The company is a self-custody crypto assets platform and is currently listed on the New York Stock Exchange.
The company will utilize the stock Token issuance platform Opening Bell of Superstate to achieve this goal. The Opening Bell platform allows companies to create stock Tokens on mainstream blockchains, with Solana being the preferred blockchain. In this way, stock shares will be represented in digital form.
With the help of the Opening Bell platform, Exodus will be able to issue its common stock tokens on mainstream blockchains. This will serve as a complement to its existing Algorand-based common stock tokens. The company also plans to issue common stock tokens on Ethereum and other leading blockchains.
This initiative reflects the trend of integration between traditional finance and blockchain technology, providing investors with more diversified and digital investment options. As more and more companies explore similar forms of digital stock representation, we may see the securities market extending further into the blockchain space.