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Welcome to HODL.FM. A publication in Web3 that hates spam and respects actionable insights.In this daily crypto news article, <a href="https://www.exodus.com/" rel="noopener noreferrer nofollow">Exodus</a> Movement happens to be our player of the match after receiving approval from the SEC to list a tokenized common stock on the stock exchange.Software development enterprise Exodus Movement announced to have received a greenlight from the U.S. Securities and Exchange Commission to list its stock on the <a href="https://www.nyse.com/" rel="noopener noreferrer nofollow">New York Stock Exchange</a> (NYSE).Related: <a href="https://hodl.fm/bitcoin-wallets-awaken-from-satoshi-era" rel="noopener noreferrer nofollow">Awakening the Bitcoin Time Capsules: Dormant Wallets Return</a><img src="https://hodl.fm/wp-files/2024/01/web3-screens-lsize.webp" />Source: <a href="https://www.exodus.com/" rel="noopener noreferrer nofollow">Exodus</a><h2 id="header-0">Tokenization on the Algorand Blockchain</h2>The software company <a href="https://hodl.fm/exodus-review" rel="noopener noreferrer nofollow">that also operates the Exodus Wallet</a> said the best thing about its common stock is that it is tokenized on the Algorand blockchain, which makes it not only unique but also the only U.S. company to have tokenized common stock listed on the NYSE.Approval from the SEC means Exodus Movement will provide its Class A common stock shares to investors as per compliance requirements set out by the Securities Act, and therefore allow the company to raise funds from the public by following regulations.<blockquote>Exodus CEO and co-founder JP RichardsonWhat&#39;s really cool about this is that our common stock is tokenized on the Algorand (ALGO) blockchain, and so we&#39;re the only company in the United States that has our common stock tokenized on the blockchain. That&#39;s true today, and that will be true on Thursday as well.</blockquote>The journey of Exodus in the publicly traded company arena started in 2021 after listing  its stock on tZero. Meanwhile, the company would <a href="https://decrypt.co/66416/exodus-bitcoin-wallet-raises-60-million-5-days" rel="noopener noreferrer nofollow">kick off the sale of its common stock</a> on 8th April of the same year, and raise $60 million by 13th April. The record sale which took place within 5 days to emerge successful was lauded as the largest compliant public offering for a crypto-related venture. According to the company’s roadmap, tokenizing the $60 million worth of shares on the blockchain will take upto 9 months.<h3 id="a-href-https-hodl-fm-exodus-sec-approval-nyselist-rel-noopener-noreferrer-nofollow-read-more-on-hodl-fm-a"><a href="https://hodl.fm/exodus-sec-approval-nyselist" rel="noopener noreferrer nofollow">READ MORE ON HODL.FM</a></h3>

Bitcoin Wallet Maker Exodus is Listing a Tokenized Stock on the New York Stock Exchange

Bitcoin Wallet Maker Exodus is Listing a Tokenized Stock on the New York Stock Exchange

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