Exodus plans to collaborate with Superstate to create common stock tokens

according to Globenewswire, the self-hosted cryptocurrency platform Exodus Movement, Inc. (NYSE: EXOD) announced a partnership with Superstate to create common stock tokens that digitally represent Exodus's Class A shares on other major public blockchains.

Exodus plans to utilize Superstate's stock token issuance platform Opening Bell, which enables companies to create stock tokens on mainstream blockchains, starting with Solana, representing shares in digital form. With Opening Bell, Exodus will be able to issue its common stock tokens on mainstream blockchains to complement its existing Algorand-based common stock tokens and plans to issue common stock tokens on Ethereum and other leading blockchains.