A Months ago, Exodus, a non-custodial crypto wallet firm raised $75 million by selling common stocks in the company. Each share was going for $27.42 in what they termed as the largest "regulated crypto public offering" ever. The company made a decision not to accept US Dollar, but instead, three cryptos commonly stored on their wallets which were Bitcoin, Ethereum, and USDC stablecoin.
In a recent development, Exodus has decided to transform the sold shares into tokens on the Algorand blockchain. This is to make it easy for shareholders to claim them. Efforts are underway as Exodus and Algorand have already partnered with Securitize, a blockchain-based transfer agent to issue the security tokens.
