Exodus Puts 200-Plus Tokenized Stocks and ETFs Inside Its Self-Custody Wallet via Ondo

Exodus Movement has opened a tokenized-equities storefront inside its self-custody wallet, letting eligible users trade more than 200 tokenized stocks and ETFs on Solana. The product, Exodus Markets, runs on tokens issued by Ondo Finance and pushes a TradFi-style equity menu into an app where users hold their own keys.

Exodus, which trades on the NYSE American as EXOD, announced the launch Friday in partnership with Ondo. Customers in supported regions can buy and sell more than 200 tokenized stocks, ETFs and real-world assets directly through the wallet, according to the company. The tokens are minted and settled on Solana, and they sit alongside the crypto balances users already custody in the app.

Exodus framed the move as a shift from wallet to full financial platform. "For the first time, our customers can trade and hold tokenized equities with the same direct control and global access they expect from crypto," Exodus CEO and co-founder JP Richardson said in the announcement. The company was the first publicly traded firm to tokenize its own stock in 2021, and a tokenized EXOD now sits on the same menu as the equities it is distributing.

Ondo Global Markets

The equities come from Ondo Global Markets, the tokenized-securities arm Ondo has been building out across chains. The tokens are backed by the underlying securities held in traditional custody and settlement rails.

The structure carries an explicit limit that the Exodus distribution does not change: holders own tokens tracking the underlying securities rather than the securities themselves, leaving the usual shareholder rights outside the wrapper. Ondo addressed that governance gap separately in April, partnering with Broadridge to route voting rights to tokenized-stock holders.

Jurisdiction Gating

Access is gated by jurisdiction at the issuer level. Persons in or acting for the United States, along with residents of Canada and a list of sanctioned territories, are prohibited from acquiring or redeeming Ondo Global Markets tokens under Regulation S of the US Securities Act.

A second tier of markets is restricted rather than barred, with additional jurisdiction-based limits gating access to professional or accredited investors per Ondo's eligibility terms. Exodus framed the rollout as available subject to regulatory availability across its supported regions.

The Distribution Bet

For Ondo, the integration is a distribution play rather than a new asset launch. The partnership pushes its tokenized-equity tokens into a self-custodial wallet user base, the kind of channel Ondo has been chasing as it routes Global Markets supply through consumer-facing apps rather than building its own front end.

Ondo already leads the onchain tokenized-ETF segment, where its IVVon product helped push the category past $430 million in market cap. The Exodus tie-up extends that distribution into a consumer wallet rather than an exchange order book, the channel where most tokenized-equity volume has clustered so far.

Tokenized Equities at Scale

The launch lands in a market that is scaling fast. Tokenized equities hit a single-day trading record of $3.57 billion in mid-May, alongside a real-world-asset market that crossed $65 billion in total value, Blockhead reported. That volume has run mostly through exchanges and perpetuals venues such as Binance, Hyperliquid and Kraken's xStocks.

Exodus Markets routes the same instruments through a non-custodial consumer wallet instead. The model also depends on a regulatory backdrop that is still forming: the SEC is developing an "innovation exemption" for onchain equities, which would shape how, and whether, products like this eventually reach US users. For now, the wallet sits open to most of the world and closed to its home market.