US-listed crypto platform Exodus launches common stock tokens on Solana blockchain
BlockBeats News, October 20, according to official sources, self-custody cryptocurrency platform Exodus Movement, Inc. (NASDAQ: EXOD) announced today that shareholders can now choose to hold their Exodus Class A common stock in the form of common stock tokens on the Solana blockchain, with technical support from the joint transfer agent Superstate. These digital representations are not the actual shares themselves, but rather a digital reflection of shareholders' existing equity holdings as recorded in the transfer agent's books.
Exodus's entry onto Solana is made possible by Superstate's issuance platform "Opening Bell," which allows companies to directly manage tokenized shares on blockchains such as Solana. As the first publicly listed company to offer common stock tokens, Exodus's common stock tokens now exist on both the Solana and Algorand blockchains, demonstrating Exodus's strong commitment to cross-chain functionality, including its own products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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