Exodus opens the fridge: 200+ tokenized stocks now chill onchain with Ondo 🧊

Exodus has launched a marketplace for tokenized assets through a partnership with Ondo Finance, enabling eligible users to trade more than 200 tokenized stocks, ETFs and other real-world assets on Solana directly from the crypto wallet, the company said. The platform, called Exodus Markets, is available in select jurisdictions and requires users to update to the latest version of the app. The announcement noted that tokenized assets do not represent ownership of the underlying securities and do not provide shareholder rights. Cointelegraph contacted Exodus to confirm eligible markets but had not received a response by publication.

Founded in 2015, Exodus is a self-custody crypto wallet provider. Data from RWA.xyz shows that tokenized Exodus shares account for more than $55 million in onchain value, placing them among the largest tokenized equities by market capitalization. Ondo Finance is among the largest issuers of tokenized real-world assets, with approximately $2.7 billion in assets under management across its products, led by the USDY and OUSG Treasury funds, according to RWA.xyz.

The launch comes amid rapid expansion in tokenized equities. RWA.xyz reports the total value of tokenized stocks has climbed to $3.5 billion, up more than 139% over the past 30 days, while the number of holders has risen 37% to roughly 357,000. Much of that growth has been driven by xStocks, a tokenization platform backed by Kraken and issued by Backed Finance, which accounts for approximately $2.5 billion in tokenized stock value — more than 69% of the sector after growing more than 500% over the past month.

The sector is also expanding into pre-IPO markets, with multiple exchanges racing to offer tokenized exposure to SpaceX ahead of the company's stock market debut on Friday. Last week, Kraken announced that SpaceX would be the first company available through its xStocks IPO Access platform, allowing eligible users to trade tokenized shares backed 1:1 by the underlying stock. Bybit later said it would also offer SpaceX through xStocks as the inaugural listing on its new tokenized equity platform. Binance entered the market in May with a perpetual futures contract tied to SpaceX's expected pre-IPO valuation, while Coinbase launched pre-IPO markets in June with a SpaceX-linked perpetual futures product for eligible users outside the United States. Blockchain.com also rolled out a SpaceX-linked perpetual contract this month through its OTC desk as part of a new 24/7 institutional trading platform. According to Yahoo Finance data, SpaceX shares rose around 22% shortly after trading began on Friday, moving from an opening price of $135 to about $164 by midday.