tZERO, a regulated ATS platform trading enabling the trading of digital securities, has commenced trading of Exodus Movement, Inc. Class A common stock.
Earlier this year, Exodus issued securities under Reg A+, a securities exemption that allows the issuer to immediately trade shares on an exchange or ATS. Exodus closed its funding round in May raising $75 million in gross proceeds – the first company to hit the new funding cap of the securities exemption.
Founded in 2015, Exodus is a non-custodial cryptocurrency software platform that enables users to manage and exchange crypto across 10,000+ asset pairs.
Investors with an account at tZERO’s retail broker-dealer subsidiary, tZERO Markets, can now trade the Exodus security.
tZERO Interim CEO and Chief Legal Officer Alan Konevsky commented on the listing:
“We are excited to welcome Exodus’ digital security on the tZERO ATS. This marks an important step towards our mission of democratizing access and unlocking liquidity to private assets.”
Exodus Co-founder and CEO JP Richardson stated:
“Through our partnership with tZERO, investors are now able to trade the Exodus digital security. Today’s announcement illustrates how private companies can access liquidity in a democratized fashion, and we are excited about the opportunity to replicate this fundraising model for other interested companies.”
tZERO has been slowly adding new digital securities to trade on its ATS as it seeks to boost liquidity. Recently, tZERO said that American Films, Inc. will start trading on September 27th.
Last week, tZERO said that it would now enable USDC, a dollar based stablecoin, to be available for users to easily fund their trading accounts.
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