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The software development company, Exodus Movement, has received the green light from the U.S. Securities and Exchange Commission (SEC) to list its stock on the New York Stock Exchange (NYSE).

The company's common stock is tokenized on the Algorand blockchain, making it a unique offering on the NYSE. This approval enables Exodus Movement to offer Class A common stock shares to investors in compliance with Securities Act regulations, allowing the company to raise funds through public offering.

Exodus began its journey into the publicly traded market in 2021 with the listing of its stock on tZero. Following its successful public offering, the company raised $60 million within five days, marking the largest compliant offering for a crypto-related venture. The company plans to tokenize the $60 million worth of shares on the blockchain over a period of nine months.

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