Exodus Movement Class A common stock tokens (Securitize on Algorand; Superstate on Solana)
Solana: can freeze a holder, claw back, gate who may hold, mint. An account only a program can sign for can freeze a holder and claw back tokens.
This file replaced an earlier record on 2026-09-23. Superseded the same day to add the Algorand reading of asset 213345970: holders start frozen, and single keys hold the freeze, clawback, manager, and reserve addresses. Superseded records.
Research and shelf status are on the memo: Exodus Movement (EXOD) common stock tokens Favorable research; shelf not set
Other programs tokenize the same security. Every version side by side: EXOD.
Who may buy, hold, transfer, and redeem
Each answer rests on the issuer’s own words, quoted from the document named under it. Ketju re-reads each document and records whether the words are still there. Where the documents say nothing, the row says so.
- What the holder owns
The token is not the share and gives no ownership interest; the holder owns the share through Securitize’s records.
“The Common Stock Tokens give no ownership interest in the Class A common stock.”
Exodus Movement Form 10-12G/A (Amendment No. 5), November 27, 2024 · Form 10/A Amendment No. 5, page 60 · words found 2026-09-23
- Who may hold it
Only record holders who pass Securitize KYC and whitelist a wallet; shares held in street name at DTC get no tokens.
“Common Stock Tokens can be held self-custodially by only “whitelisted” persons, who are always known to Securitize.”
Exodus Movement Form 10-12G/A (Amendment No. 5), November 27, 2024 · Form 10/A Amendment No. 5, Item 9, ”The Ability To Use Common Stock Tokens”, page 61 · words found 2026-09-23
- First purchase minimum
The documents read do not say.
Not stated in Exodus Movement Form 10-12G/A (Amendment No. 5), November 27, 2024, Exodus Movement response to SEC comment letter (CORRESP), November 12, 2024, Exodus Movement Regulation A offering circular (Form 253G2), April 9, 2021.
- Account types
Persons or entities that complete the transfer agent’s AML and KYC process and join its whitelist.
“The whitelist is a list maintained by the Transfer Agent of approved persons or entities who have complied the required Processes, including providing the Transfer Agent with various required personal information and documentation.”
Exodus Movement Regulation A offering circular (Form 253G2), April 9, 2021 · Offering circular, Plan of Distribution · words found 2026-09-23
- Who it may be transferred to
Token transfers work only between two whitelisted wallets; Securitize checks each and records the share transfer on its books.
“The process of transferring shares of Class A common stock using Common Stock Tokens requires both the sender and receiver to be on the Securitize whitelist.”
Exodus Movement Form 10-12G/A (Amendment No. 5), November 27, 2024 · Form 10/A Amendment No. 5, page 61 · words found 2026-09-23
- How a holder redeems
No redemption. Send tokens to Securitize, then move shares to a broker by DRS; about five business days before an NYSE American sale.
“It takes around 5 business days to send shares all the way from your Exodus wallet to your brokerage account.”
Exodus Knowledge Base: Sending shares to a stockbroker (archived 2026-08-06) · Knowledge Base: Sending shares to a stockbroker, step 1 · words found 2026-09-23
- Who keeps the official record
Securitize’s off-chain books are the record of ownership; the chain is not.
“The Class A common stock is a security whose ownership is recorded solely on the books of our transfer agent, Securitize, an SEC registered Transfer Agent.”
Exodus Movement Form 10-12G/A (Amendment No. 5), November 27, 2024 · Form 10/A Amendment No. 5, Digital Format Exodus Common Stock, page 60 · words found 2026-09-23
- What the issuer says it can freeze or take back
Securitize can pull tokens from a wallet and burn them, and may reverse token transfers that do not match its records.
“the Transfer Agent will remove the relevant amount of Common Stock Tokens from the seller’s digital wallet and burn them, so that they no longer exist.”
Exodus Movement Regulation A offering circular (Form 253G2), April 9, 2021 · Offering circular, Offering Summary, Digital Format Exodus Common Stock, pages 1-2 · words found 2026-09-23
| Fact | What the file records |
|---|---|
| Who onboards the holder | issuer |
| Voting rights | Yes |
| Distributions | cash |
| SIPC coverage of the wallet | No |
The transfer agent’s SEC record
A transfer agent registers with the SEC on Form TA-1 and reports each year on Form TA-2: how many securityholder accounts it keeps and for how many issues it keeps the master securityholder file, the list that says who owns each share.
| Agent | SEC file | TA-2 period | Accounts | Issues with master file | Work it hires out |
|---|---|---|---|---|---|
| Securitize Transfer Agent, LLC | 084-06638 | 2025-12-31 | 18,337 | 54 | PACIFIC STOCK TRANSFER CO |
| Superstate Services LLC | 084-06972 | 2025-12-31 | 107 | 0 | None |
Who can change the record
Powers read from the deployed contracts and their verified source: the token and every contract it consults on transfer. A power recorded here is the issuer’s ability, not evidence it has been used.
| Chain | Freeze a holder | Pause | Claw back | Gate holders | Change the code | Keys held by |
|---|---|---|---|---|---|---|
| Algorand | Yes | No | Yes | Yes | No | A single key can freeze a holder and claw back tokens. Manager address key: a single key. |
| Solana | Yes | No | Yes | Yes | No | An account only a program can sign for can freeze a holder and claw back tokens. |
Who holds the keys
Every current holder of each power, read from the chain on 2026-09-23. A single key is one private key: whoever holds it acts alone. A multisig needs the stated number of signers. A timelock makes every action wait, so holders can see it coming.
| Chain | Key | What it can do | Held by | Address |
|---|---|---|---|---|
| Algorand | Freeze address | freeze a holder | a single key | FRGDKS…E23Y |
| Algorand | Clawback address | claw back tokens | a single key | MAKF3G…DN7A |
| Algorand | Manager address | grant and revoke these powers | a single key | MAKF3G…DN7A |
| Algorand | Reserve address | mint new tokens | a single key | MAKF3G…DN7A |
| Solana | Mint authority | mint new tokens | a single key | 3y1U29…yEFa |
| Solana | Freeze authority | freeze a holder | an account only a program can sign for | 2Yq4T3…pM7x |
| Solana | Permanent delegate | claw back tokens | an account only a program can sign for | 2Yq4T3…pM7x |
Algorand: 5 contract reads at block 65319820, 0 functions in verified source, 2026-09-23
- manager=MAKF3GL52O5O6ENRRLJSEJRLTR74E323JBZIWMMGLZT5PNZ4NDTEEODN7A
- reserve=MAKF3GL52O5O6ENRRLJSEJRLTR74E323JBZIWMMGLZT5PNZ4NDTEEODN7A
- freeze=FRGDKSWUDNLMXPJSSGMT3FGL65Z2WR5WOIFHQPT5IBETZBOJPIQTMSE23Y
- clawback=MAKF3GL52O5O6ENRRLJSEJRLTR74E323JBZIWMMGLZT5PNZ4NDTEEODN7A
- defaultFrozen=true
Solana: 4 contract reads at block 449720957, 0 functions in verified source, 2026-09-23
- mintAuthority=3y1U29yH7npj3wvHqFQ4gVxgzccMHybjpcQRAdZbyEFa
- freezeAuthority=2Yq4T3mPNfjtEyTxSbRjRKqLf1pwbTasuCQrWe6QpM7x
- permanentDelegate=2Yq4T3mPNfjtEyTxSbRjRKqLf1pwbTasuCQrWe6QpM7x
- defaultAccountState=frozen
Where it trades
| Venue | Kind |
|---|---|
| NYSE American (the share, after conversion out of token form) | exchange |
No Tokenized Securities Venue lists this token. Secondary trading, if any, is outside the exemption.
How it exits
| Path | Settlement | Settles in |
|---|---|---|
| Redeem in kind | No redemption. Send Algorand tokens to Securitize (Solana holders detokenize at Superstate and move shares to Securitize); Securitize burns the tokens and books the shares; a broker pulls them by DRS through Pacific Stock Transfer; about 5 business days, then sale on NYSE American | USD |
- Exodus or Securitize changes the transfer agent, the Algorand asset parameters (manager, reserve, freeze, clawback), or moves the Class A token to another chain
- Superstate launches the planned Ethereum token, or Superstate’s Solana mint authority, freeze authority, or permanent delegate changes
- Algorand EXIT units outside the reserve diverge from reported Class A shares outstanding by more than 2% at a quarter end
- An Exodus filing describes the Arbitrum $EXOD-B Securitize token or tokenizes another share class
- Exodus discontinues the tokens, which the 2021 offering circular reserves the right to do, or Superstate terminates and freezes transfers under Section 7.5
- Exodus declares a dividend (including the Bitcoin dividend it has said it is exploring); check that token-form record holders are paid
- Exodus or its transfer agents claim that the token itself is the share, or the SEC staff revises the January 28, 2026 taxonomy
What the monitor reads daily
Every control function in the table above and the contracts the token consults on transfer; the token’s on-chain supply against yesterday’s; and its market quote against yesterday’s quote. Every document quoted above is re-read too, and a quote that leaves its document reopens the file. EDGAR is read for the transfer agent’s registration; a new filing reopens the file. A change opens a review item in the governance queue and reopens the file before any client action.
Sources
- Exodus Movement Form 10-12G/A (Amendment No. 5), November 27, 2024 · primary · accessed 2026-09-23
Supports: tokens give no ownership interest, ownership solely on Securitize books, whitelist and KYC, nightly reconciliation and reversal, tokens only for record holders; street-name tokens held by Securitize, 6,567,199 tokens and shares at October 31, 2024, Algorand standard assets, DS Protocol Equivalent - Exodus Movement response to SEC comment letter (CORRESP), November 12, 2024 · primary · accessed 2026-09-23
Supports: staff made Exodus drop the paper certificate analogy, tokens devoid of legal rights or economic value, transaction reversal basis under Rules 17Ad-10 and 17Ad-11 - Exodus Movement Regulation A offering circular (Form 253G2), April 9, 2021 · primary · accessed 2026-09-23
Supports: Regulation A+ offering, $75 million at $27.42, tokens are not shares, transfer agent burns unmatched tokens, whitelist of persons or entities, no sales in Arizona, Florida or Texas - Exodus Movement Form 1-U, September 20, 2021 (tZERO ATS and token trading) · primary · accessed 2026-09-23
Supports: tokens on Algorand, record ownership solely on Securitize books - Exodus press release, June 2, 2021: EXIT tokens on Algorand · primary · accessed 2026-09-23
Supports: token ticker EXIT, Algorand as native chain, Securitize as transfer agent - Exodus Movement 8-K, December 13, 2024 (NYSE American approval) · primary · accessed 2026-09-23
Supports: NYSE American listing approved - Exodus Movement Form 10-K for 2025, filed March 11, 2026 · primary · accessed 2026-09-23
Supports: trading on NYSE American began December 18, 2024, Securitize transfer agent, Superstate co-transfer agent, each Class A share has a corresponding token, 6,138 Class A holders of record at March 4, 2026, Solana tokens since October 2025 - Exodus Movement 10-K Exhibit 10.6: Amendment No. 6 to Securitize Platform Services, Transfer Agent and Registrar Agreement, effective August 28, 2025 · primary · accessed 2026-09-23
Supports: Securitize Transfer Agent LLC, $7,500 per new tokenized share class, monthly fees for additional classes - Exodus Movement 10-K Exhibit 10.7: Digital Transfer Agency Agreement with Superstate Services LLC, August 8, 2025 · primary · accessed 2026-09-23
Supports: Superstate subsidiary securityholder records, allowlist of wallets and DEX pools, mint and burn on shareholder instruction, freeze transfers on termination, $1 per year fee, CUSIP 30209R106 - Exodus Movement 8-K, December 10, 2025 (redomestication to Texas) · primary · accessed 2026-09-23
Supports: tokens continue to represent Texas shares with no change - Exodus Movement 8-K Exhibit 99.1, August 8, 2025 (Superstate partnership) · primary · accessed 2026-09-23
Supports: Opening Bell, Solana first, Ethereum planned - Exodus Movement 8-K Exhibit 99.1, October 20, 2025 (Solana tokens with Superstate) · primary · accessed 2026-09-23
Supports: Solana tokens are not shares, tokens on Solana and Algorand - Exodus Movement Form 10-Q for Q2 2026 · primary · accessed 2026-09-23
Supports: 11,015,102 Class A shares outstanding at August 3, 2026, 19,188,156 Class B shares - Exodus Knowledge Base: Sending shares to a stockbroker (archived 2026-08-06) · primary · accessed 2026-09-23
Supports: exit path via Securitize and Pacific Stock Transfer, about 5 business days - Exodus Knowledge Base: How do I tokenize my shares on Solana through Superstate? (archived 2026-08-06) · primary · accessed 2026-09-23
Supports: Algorand tokens burned on return to Securitize, DRS through Pacific Stock Transfer, Superstate transfer cutoff 1 p.m. ET, Superstate allowlist - Exodus Knowledge Base: Exodus common stock token expansion FAQs (archived 2026-08-06) · primary · accessed 2026-09-23
Supports: FAQ says legal ownership recorded on-chain (contradicts filings), brokerages do not support tokens - Superstate: EXOD asset page · primary · accessed 2026-09-23
Supports: Solana mint address, 60 shares on Solana, 250 book-entry at Superstate, transfer agents Securitize and Superstate - Algorand indexer: asset 213345970 · primary · accessed 2026-09-23
Supports: ASA parameters: default-frozen, clawback, freeze, holder balances - Solana RPC: mint 3DBudkWQNbXGAjzEAtpjMKorb76sjozcHCzc8ZtkHDAQ · primary · accessed 2026-09-23
Supports: Token-2022 extensions: default frozen, permanent delegate, supply 60 - Sourcify: Securitize DSToken implementation behind Arbitrum $EXOD-B · primary · accessed 2026-09-23
Supports: Securitize DS token on Arbitrum, 19,072,962 units vs 19,188,156 Class B shares - SEC Divisions of Corporation Finance, Investment Management, and Trading and Markets: Statement on Tokenized Securities, January 28, 2026 · primary · accessed 2026-09-23
Supports: issuer-sponsored model where token only notifies the off-chain master file