Securitize is a digital asset securities firm that operates an Alternative Trading System (ATS).
Exodus is a unique digital security. It is the first issuer under Reg A+ to raise $75 million – the maximum amount allowable under the exemption. Exodus sold shares to over 6800 individual investors in the issuance of 2.733 million “EXIT” shares last year. Exodus raised $60 million in the first five days of the securities offering.
Exodus utilized the Securitize platform to complete the public offering using Reg A+, including onboarding investors, issuing shares as digital tokens, and managing share ownership and trading activity. Trading on Securitize Markets allows 24-7 order placement, trading from 8 am-8 pm ET, and “near-instant deposits” (including stablecoin USDC).
At least initially, trading in EXIT shares is fee-free.
In a release, Exodus CEO and co-founder JP Richardson said that when they raised money last year it was important to allow their users and fans to gain access to participate in the offering first – before Wall Street.
“Securitize’s platform enabled us to onboard over 6,800 mostly retail investors and raise $75 million. Now, with the trading of Exodus shares on their platform, it’s all under one roof. We are very excited about the increased ability to trade our shares.”
Carlos Domingo, CEO of Securitize, described Exodus as a major success story and proof of the ability of a private company to raise serious money from its customers while rewarding them for their early support:
“Now that Exodus shares are available for retail investors to trade on Securitize Markets, a bigger market for their shares, price discovery and liquidity potential has been created, and this should be an example to many other private businesses that want to raise capital from their community to turn them into shareholders and brand advocates and provide them with liquidity options.”
Exodus previously listed its shares on another digital asset exchange – tZERO. Last week, Exodus announced $96 million in revenue – a 350% increase versus the year prior. Shares in Exodus currently trade around $15/share.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!