Major software cryptocurrency wallet Exodus has gone public on digital asset securities firm Securitize Markets following a $75 million crowdfunding capital raise.
Exodus shares began trading on Securitize on Wednesday, allowing investors from across the United States and international investors from more than 40 countries to trade Exodus Class A common shares.
Exodus Class A common shares, trading under the symbol EXOD, are digitally represented on the Algorand blockchain by common share 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 an Exodus spokesperson, Securitize Markets is the second trading venue on which Exodus shares are listed, following its launch on tZero in September 2021. The new listing on Securitize allows the company to onboard new retail investors and raise funds, said Exodus CEO and co-founder JP Richardson:
“Securitize’s platform allowed us to onboard over 6,800 mostly retail investors and raise $75 million. Now, with Exodus stock trading on their platform, it’s all under one roof. We’re very excited about it.” the greater negotiation capacity of our shares”.
As previously reported, Exodus raised $75 million through a mini IPO sale approved by the US Securities and Exchange Commission in May 2021. The SEC previously registered the Securitize platform as a transfer agent in 2019. The digital securities platform is backed by some of the top cryptocurrency companies and investors including Coinbase, Morgan Stanley hedge funds, and Blockchain Capital.
“Now that Exodus shares are available for retail investors to trade on Securitize Markets, it has created a larger market for its shares, price discovery and liquidity potential, and this should set an example for many others. private companies that want to raise capital from their community,” said Securitize CEO Carlos Domingo.
Exodus initially sold its shares at a price of USD 27.42 per unit. According to the latest data available on TradingView, Exodus was trading at $15.9 on Monday.
Founded in 2015, Exodus is a leading software cryptocurrency wallet integrated with a decentralized exchange. Last week, the company reported nearly $96 million in revenue for fiscal 2021, a 350% year-over-year increase.
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