Exodus Movement, Inc. has partnered with asset manager Superstate to tokenize its Class A common stock on the Solana blockchain, marking a pioneering step for U.S. public companies in tokenized equity. The collaboration utilizes Superstate's SEC-compliant "Opening Bell" platform for on-chain record keeping, mirroring Exodus' 2021 Algorand-based tokenized equity structure.
The Solana launch provides crypto-native investors direct access to Exodus stock through self-custody wallets, with confirmed plans to expand tokenized offerings to Ethereum and other blockchains. CEO JP Richardson emphasized: "Partnering with Superstate enables us to extend stock token availability to new chains, creating more opportunities for innovation and investor access."
Solana's technical indicators showed immediate market response, with SOL trading at $177 - above the $170.64 50-period EMA - and RSI at 64.86 on 4-hour charts. The token has gained 17% since late July, potentially fueled by renewed institutional interest in blockchain-based equity solutions.
This initiative reflects growing institutional adoption of real-world asset tokenization, leveraging Solana's low fees and fast settlement while establishing a regulatory-compliant framework for future multi-chain equity tokenization.