- Exodus partners with Superstate to bring stock tokens onto Solana.
- Solana’s speed and low fees attract traditional equity tokenization efforts.
- Technical indicators show SOL price momentum alongside tokenization announcement.
Exodus is expanding its tokenized stock offering to the Solana blockchain in a new collaboration with Superstate. According to the announcement, the company’s Class A common stock will be issued on Solana through Superstate’s “Opening Bell” platform.
Robert Leshner, the creator of Compound, created Superstate, which has created Opening Bell as a way to bridge shares of public companies with blockchain technology within the framework of U.S. securities law.
The platform allows tokens to be issued in real time and maintains records on-chain, providing a regulated interface between the equity markets and the digital asset world.
Exodus plans to make its equity more accessible to crypto-oriented investors by listing its tokenized shares on Solana. Solana’s low transaction fees and high rate of settlement are likely to be critical to the initiative.
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Part of Exodus’s Multi-Chain Stock Tokenization Plan
Exodus made history in 2021 as the first U.S. public company to tokenize its common stock, initially launching on the Algorand blockchain. The EXOD tokens reflect the NYSE American-listed shares that can be stored in self-custody digital wallets.
According to company filings, Solana integration is part of a wider plan to list Exodus’s stock tokens on several major blockchains besides Ethereum. This growth enhances Exodus’s position in the digital asset ecosystem and expands investors’ accessibility.
Technical Indicators Show Strong SOL Momentum
Solana’s native token, SOL, is trading higher, supported by positive sentiment around blockchain adoption in traditional finance. Looking into the four-hour scale, SOL trades at $177, higher than the 50-period EMA level of $170.64.
The relative strength index at 64.86 does not suggest that the stock might become overbought. It has retained the same level of trading activity, with spikes in case of upward movements, which is a sign of market interest.
Source: Tradingview
Since slipping below the $150 at the end of July, SOL has rebounded more than 17 percent and is approaching its best levels. Market watchers consider the collaboration of the two brands another indicator of the increasing importance of tokenization in equity markets.
The move to bring publicly traded stock to Solana reflects Exodus’s commitment to a multi-chain approach. By partnering with Superstate, the company is positioning itself at the intersection of traditional equity and blockchain innovation.
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