Exodus drops 200 tokenized stocks into your wallet, because why call a broker anymore 📈

Exodus has launched a marketplace for tokenized assets through a partnership with Ondo Finance, allowing eligible users in select markets to trade more than 200 tokenized stocks, ETFs and other real-world assets on Solana directly from the self-custody crypto wallet. The company said Exodus Markets is accessible by updating to the latest version of the app and noted that tokenized assets do not represent ownership of the underlying securities and do not provide shareholder rights. Founded in 2015, Exodus is a self-custody crypto wallet provider. Cointelegraph said it contacted Exodus to determine which jurisdictions are eligible for Exodus Markets but had not received a response by the time of publication. RWA.xyz data shows tokenized Exodus shares account for more than $55 million in onchain value, placing them among the largest tokenized equities by market size.

Ondo Finance is one of the largest issuers of tokenized real-world assets, and according to RWA.xyz, the company's tokenized products hold about $2.7 billion in assets, led by its USDY and OUSG Treasury funds. The launch comes amid rapid growth in tokenized equities, with RWA.xyz reporting the 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 increased 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, representing more than 69% of the sector after growing more than 500% over the past month.

The tokenization trend has expanded into pre-IPO markets, with crypto 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 become the first company available through its xStocks IPO Access platform, allowing eligible users to trade tokenized shares backed 1:1 by the underlying stock. Days later, Bybit 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. SpaceX shares gained around 22% shortly after trading began on Friday, rising from an opening price of $135 to about $164 by midday, according to Yahoo Finance data.

Solana's role in the tokenization push is expanding beyond Exodus Markets, with Securitize planning to expand STAC, its tokenized AAA CLO fund, to Solana in partnership with BNY, while Ethena plans to allocate $250 million to the fund. CLOs account for more than $1.3 trillion in global issuance, making them one of the largest fixed-income markets in the world. Ethena's USDe stablecoin supply on Solana has surged more than 260% over the past month to exceed $500 million, adding to liquidity on the network as institutional tokenized products continue to migrate on-chain.