Exodus and Ondo list 200+ tokenized US stocks on Solana

Exodus and Ondo launched tokenized markets on the Solana blockchain that make more than 200 U.S. stocks and exchange-traded funds available as tradable digital tokens.

Each token corresponds to a whole share or a fractional share of the specified stock or ETF. Trades execute on Solana and ownership of the tokens is recorded on-chain rather than through traditional broker-dealer settlement systems.

The market infrastructure runs on Solana, a network chosen for its fast settlement times and low transaction fees. Token prices track the underlying securities, and trading on the on-chain market occurs during the platform’s specified market hours, which operate independently of conventional exchange trading windows.

Custody and redemption processes for the tokens are managed by the entities overseeing the token program, which maintain the mechanism intended to preserve a one-to-one relationship between tokens and the assets they represent. Smart contracts and blockchain custody models are used to record transfers and manage token balances.

Investors need a Solana-compatible wallet and an understanding of on-chain trading to participate. Exodus provides wallet functionality that can hold, move and trade the listed Solana tokens and interact with decentralized applications that support the tokens.

Tokenized securities rely on different operational and regulatory frameworks than traditional brokerage holdings. Market infrastructure providers and regulators continue to evaluate how tokenized shares align with existing securities laws and market rules.