Bitcoin Wallet Exodus to Tokenize $75 Million in Company Stock on Algorand

[Jaya60]

The company hopes EXIT tokens will soon be available for trading on a secondary market.Bitcoin wallet firm Exodus earlier this year sold $75 million in common stock in the company, purchasable only through its wallet. The sale was notable for the company's decision to only accept Bitcoin, Ethereum, and USDC stablecoin for the shares. Exodus touted the SEC-approved share sale as the largest "regulated crypto public offering” ever.Soon, Exodus says, it will transform those sold shares into tokens on the Algorand blockchain, where they can be claimed by shareholders using the Exodus wallet. Blockchain-based transfer agent Securitize has partnered with Exodus and Algorand to issue the security tokens.source