Bitcoin wallet developer Exodus shares to start trading on NYSE American on Thursday

Exodus Movement, the software developer behind the bitcoin wallet Exodus Wallet, said on Monday that the U.S. SEC has approved the company's common stock to be listed and traded on NYSE American on Thursday (May 9) under the ticker EXOD. JP Richardson, CEO and co-founder of Exodus, said: "Our company's common stock is tokenized on the Algorand chain, so we are the only company in the United States that tokenizes its common stock on the chain." SEC approval means that the company has been approved to offer and sell its Class A common stock to investors under Regulation A of the Securities Act, which in turn allows Exodus to raise funds from the public in a regulated manner. (Decrypt)