Exodus To Tokenize Its Class A Common Stocks In Algorand

Another remarkable development for Exodus after its SEC-approved $75 million public offering.

The multi wallet company will use Algorand blockchain to tokenize its sold Class A common stocks (EXIT tokens) which can be claimed by shareholders using Exodus wallet.

To facilitate the release of EXIT tokens in Algorand,it has secured partnership with blockchain-based transfer agent Securitize.

This makes Exodus a good example for companies that turn real shares into security tokens to be traded in the crypto market.

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