On June 12, 2026, crypto wallet provider Exodus Movement (EXOD) and real-world asset tokenization firm Ondo Finance (ONDO) announced the launch of Exodus Market, a non-custodial platform that lets users trade over 200 tokenized stock ETFs directly from the Exodus wallet on the Solana blockchain. The service, called Exodus Markets in the official statement, leverages Solana's high-speed, low-cost infrastructure to deliver near-instant transactions with the same self-custody control that Exodus users expect.
The tokenized assets are backed by Ondo Finance and include popular equity ETFs, as well as the ability to trade tokenized shares of Exodus itself (EXOD), the first publicly traded company to tokenize its stock back in 2021. However, the stock tokens do not provide shareholder rights such as voting or dividends; they are synthetic representations of stock performance, not the underlying securities.
Exodus CEO JP Richardson said: “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 is becoming the front door to every asset you hold, without compromising on trust and control.” Ondo Finance CEO Ian De Bode highlighted the partnership’s distribution angle: “This is how tokenized markets scale, by integrating with the products people already use to manage their money.” The rollout comes a day after Ondo appointed former Invesco executive John Hoffman as managing director and head of product portfolios to accelerate tokenized investment products.
The tokenized equities market reached $5.5 billion in capitalization as of June 8, 2026, a 147% increase from the start of the year, according to RWA.xyz. This growth has drawn regulatory attention: South Korea recently indicated tokenized stocks could be classified as securities, while the U.S. SEC has proposed removing two Regulation NMS rules that could impact tokenized stock trading structures. Exodus acknowledged the lack of shareholder protections and the inherent risks, including smart contract vulnerabilities and regulatory uncertainty.
