Exodus launches 200-plus tokenized stocks via Ondo Finance deal

Exodus partnered with Ondo Finance to launch Exodus Markets, giving customers access to more than 200 tokenized stocks, ETFs and real-world assets directly on Solana through the Exodus wallet.

"Tokenized stocks are one of the most important developments in modern finance," JP Richardson, CEO and co-founder of Exodus, said. "For the first time, our customers can trade and hold tokenized equities with the same direct control and global access they expect from crypto."

The product lets users buy and sell tokenized versions of equities including EXOD — Exodus' own stock, which the company first tokenized in 2021 — alongside more than 200 other assets, subject to regulatory availability. Ondo Finance, which surpassed $1 billion in total value locked across more than 250 tokenized stocks and ETFs through its Ondo Global Markets platform, provides the underlying infrastructure. The broader tokenized asset market has nearly tripled in the past year to surpass $30 billion, according to RWA.xyz data, with Citi projecting it could reach $5.5 trillion by 2030.

The launch marks Exodus' expansion from a self-custodial wallet into a full financial platform where users can trade, spend, send, earn rewards and manage money in a single app. Ian De Bode, CEO of Ondo Finance, said the integration shows how tokenized markets scale by embedding into products people already use. Exodus Markets is available to eligible customers in select markets starting June 12, with access through the latest version of the Exodus app. The company separately hired former Invesco ETF executive John Hoffman in recent weeks to lead its tokenized portfolio products business, signaling a push beyond individual asset tokenization into managed onchain investment portfolios.

This article is for informational purposes only and does not constitute investment advice.