Exodus and Ondo Finance Launch Tokenized Asset Marketplace
- Exodus has partnered with Ondo Finance to launch a marketplace for over 200 tokenized stocks and ETFs on Solana.
- The service, called Exodus Markets, is available in select markets after updating the app.
- Tokenized assets do not confer ownership rights of the underlying securities, according to Exodus.
- Tokenized equities have surged to a market value of $3.5 billion, increasing by over 139% in the last month.
- xStocks accounts for approximately $2.5 billion of this value, representing over 69% of the sector’s total market cap.
The launch reflects significant growth in tokenized equities, driven by platforms like xStocks backed by Kraken and Backed Finance. This trend includes offerings for pre-IPO companies like SpaceX, indicating a broader acceptance of tokenization in financial markets.
With Exodus shares valued at more than $55 million on-chain, the new marketplace aims to capitalize on the growing interest in tokenized assets and equities.(Source)
