On August 8, 2025, Exodus announced a partnership with Superstate to expand the availability of its common stock tokens to additional blockchains, including Solana and Ethereum.
Read on for answers to frequently asked questions.
In this article:
Exodus and Superstate announcement
Exodus, the first U.S. public company to tokenize its common stock, announced a partnership with Superstate, a regulated onchain equity platform, to issue common stock tokens that digitally represent Exodus Class A shares on additional blockchains.
Currently, you can tokenize EXOD on Solana
Ethereum is also a planned blockchain
This complements existing Algorand-based common stock tokens
Tokens will be issued via Opening Bell, Superstate’s regulated issuance platform
What is Superstate and Opening Bell?
Superstate is a financial technology firm focused on on-chain public listings and tokenized investment products.
Opening Bell, launched in May 2025, is their regulated issuance platform for compliant tokenized assets on blockchains like Solana and Ethereum
Superstate acts as an SEC-registered transfer agent, providing legal ownership tracking on-chain
You can learn more at superstate.com.
When will shares be available on Ethereum or Solana?
You can currently tokenize your Class A EXOD shares on Solana. To learn how, see: How do I tokenize my shares on Solana through Superstate?
A launch date has not yet been set for Etherem.
Further details, including timing, will be announced at a later date
Stay tuned to exodus.com/investors and Exodus’ official social media channels for updates
Will my existing EXOD be converted into Ethereum or Solana tokens?
No, your existing EXOD shares are not being converted.
This announcement is about creating additional tokenized representations of EXOD shares on new blockchains
There is no change to the legal ownership or structure of your existing shares
Exodus’ SEC-registered transfer agent is not changing at this time
These tokens offer a new way to access and interact with EXOD shares on-chain.
Are common stock tokens legally the same as regular EXOD shares?
Yes, these tokens represent real EXOD Class A common stock.
They are created with issuer involvement
Legal ownership is recorded on-chain via Superstate’s Opening Bell
Superstate serves as an SEC-registered transfer agent
This ensures:
Regulatory compliance
Issuer control
Legal equivalence to traditional shares
Will I be able to hold EXOD shares in my Exodus wallet?
Yes, you can currently receive and hold EXOD common stock tokens on Algorand and Solana using the Exodus wallet. To learn how to tokenize EXOD on Solana, visit: How do I tokenize my shares on Solana through Superstate?
Further support will be added to Exodus once common stock tokens launch on Ethereum.
We’ll share more information as it’s released.
Why is Exodus expanding to new blockchains?
This expansion supports our mission to build a world where every asset becomes tokenized, and to lead innovation in tokenized public equity.
Benefits include:
Expanded access to EXOD shares in on-chain ecosystems
Greater interoperability with DeFi protocols
A foundation for future use cases
More common stock token questions
How is this different from wrapped or synthetic stocks?
EXOD common stock tokens digitally represent shares of Exodus Class A common stock through our partnership with a regulated platform (Superstate). Legal ownership is recorded on-chain via a registered transfer agent.
Will brokerages or custodians support the new common stock tokens?
Not at this time. Blockchain-based shares are intended for use in self-custodial environments and will not appear in brokerage accounts.
Will I be able to choose which blockchain my EXOD tokens are on?
Common stock tokens will be issued on supported blockchains. Currently, you can tokenize EXOS on Algorand and Solana. More details will be shared about access when support for each blockchain launches.
Can I convert my existing EXOD shares into blockchain-based shares?
Currently, you can tokenize your Class A EXOD shares on Solana. We’ll share more information on how to access or acquire other blockchain-based common stock tokens as they become available.
Where can I stay informed?
Investor updates: exodus.com/investors
Company news: Press Releases
Superstate: superstate.com
Wallet questions: [email protected]
Forward-looking statements in this article include, but are not limited to, management statements regarding plans to enter into a partnership with Superstate utilizing the Opening Bell platform and the creation of common stock tokens across various blockchains and the perceived benefits thereof. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2025, as well as in our other reports filed with the SEC from time to time.