A crypto wallet founder breaks down how he secured $60 million within 5 days from investors wanting to back tokenized shares

• Last week, crypto wallet Exodus did an equity tokenization offering and secured $60 million in 5 days.
• JP Richardson, CEO of Exodus breaks down the tokenization strategy and why investor appetite is strong.
• He also shares his views on Dogecoin and how he almost became a Doge millionaire.

With all the excitement surrounding Coinbase’s direct listing last week, another buzzy crypto public offering went completely under the radar.

Crypto wallet Exodus, which aims to provide a decentralized and easy entry point for holding cryptocurrencies, kicked off a tokenized equity offering within its own app on April 8.

Investors can buy and hold tokenized shares of the company on the Exodus wallet through Securities and Exchange Commission Regulation A, which allows the public to invest in private companies whose stocks are not traded on a public stock exchange.