Exodus launches tokenized stock marketplace with Ondo, adds 200
Stocks
Exodus has launched a new marketplace for tokenized assets in partnership with Ondo Finance, enabling eligible users to trade over 200 tokenized stocks and ETFs directly on the Solana blockchain. This integration allows self-custody wallet users to access a diverse range of real-world assets, though these tokens do not confer direct ownership or shareholder rights. The move highlights the intensifying competition among crypto platforms to provide onchain exposure to equities and pre-IPO companies. Data from RWA.xyz indicates that the broader tokenized stock market has reached $3.5 billion in value, marking a 139% increase over the past 30 days. Much of this sector growth is currently driven by the xStocks platform, which accounts for approximately $2.5 billion in tokenized stock value. As major exchanges like Kraken, Bybit, and Binance race to offer products linked to companies like SpaceX, the Exodus-Ondo partnership underscores the growing institutional and retail demand for onchain financial instruments. This trend signifies a shift toward integrating traditional equity markets into decentralized finance ecosystems to enhance accessibility.
Key points
- ▸Exodus and Ondo Finance launched a Solana-based marketplace for 200+ tokenized assets.
- ▸Tokenized stock market value hit $3.5 billion, growing 139% in 30 days.
- ▸xStocks platform currently dominates the sector with $2.5 billion in tokenized value.
- ▸Exodus tokenized shares represent over $55 million in total onchain value.
Background
Exodus is a self-custody cryptocurrency wallet provider founded in 2015 that allows users to manage digital assets independently. Ondo Finance is a prominent issuer of tokenized real-world assets, managing approximately $2.7 billion in products including Treasury funds like USDY and OUSG.
Relevance
8/10