Exodus Movement, Inc., the leading non-custodial cryptocurrency software platform, announced that its Class A common stock has begun trading on tZERO ATS, the regulated alternative trading system and FINRA member broker-dealer subsidiary of tZERO, a leader in blockchain innovation and liquidity for digital assets. The shares represent approximately $75 million of equity in Exodus.
“The traditional fundraising and company stock ownership models are fundamentally broken and favor the privileged few over the public,” said Exodus Co-founder and CEO JP Richardson. “In order to help half the world exit the traditional finance system by 2030, we must lead by example and create a more democratized future of equity ownership. This is why Exodus is making our digital security available to trade on tZERO ATS. We’re redefining what it means to be a public company.”
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Exodus is a user-friendly, non-custodial wallet that allows customers to send, receive and manage a portfolio of numerous cryptocurrencies. In Q2 of 2021, Exodus delivered a record quarter delivering 17% growth vs previous quarter and 651% YOY.
“We are excited to support and facilitate the trading of Exodus’ digital security on tZERO ATS,” said tZERO Interim CEO and Chief Legal Officer Alan Konevsky. “We look forward to welcoming investors in Exodus to our platform and have them participate in the future of public markets.”
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Important Risk Information
Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in a single security could mean lack of diversification and, consequently, higher risk. Potential investors are urged to consult a professional adviser regarding any economic, tax, legal or other consequences of trading any securities as described herein.
References to Exodus’ non-custodial, multi-asset software wallet are solely high-level descriptions of Exodus’ business. Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrencies or other digital assets will be viable, liquid, or solvent. This communication is not intended to imply that any digital asset services are low-risk or r********.
No Offer, Solicitation, Investment Advice or Recommendations
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
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