{"id":38354,"date":"2021-03-04T18:46:01","date_gmt":"2021-03-04T16:46:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38354"},"modified":"2025-08-30T04:15:32","modified_gmt":"2025-08-30T01:15:32","slug":"exodus-wallet-team-seeks-sec-approval-for-regulated-75-million-token-sale","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/exodus-wallet-team-seeks-sec-approval-for-regulated-75-million-token-sale\/","title":{"rendered":"Exodus Wallet Team Seeks SEC Approval for Regulated $75 Million Token Sale"},"content":{"rendered":"

Exodus cryptocurrency wallet developers have filed<\/span> the application<\/span><\/a> with the U.S. Securities and Exchange Commission (SEC) for a regulated $75 million token sale.<\/span><\/p>\n

<\/p>\n

The document was submitted on February 26; the regulator has 21 days to review it. <\/span>The offering <\/span>of tokenized shares could proceed <\/span>under the Regulation <\/span>Regulation A+<\/span><\/a>.<\/span><\/p>\n

This framework enables raising funds from private investors, not only accredited ones, as restricted by Regulation D. <\/span>The latter is more popular among crypto firms.<\/span><\/p>\n

Thanks to recent changes, the amount that can be raised under Regulation A+ will rise from $50 million to $75 million as of March 15. <\/span> CoinDesk<\/span><\/a> co-founder Exodus JP Richardson noted that the company expects to raise that amount.<\/span><\/p>\n

According to him, preparations for the token sale began as early as May 2020. He estimated total costs at $1 million.<\/span><\/p>\n

The startup engaged the law firm Wilson Sonsini Goodrich & Rosati, which acted as counsel to the blockchain company<\/span> Blockstack<\/span> for its last regulated token sale.<\/span><\/p>\n

The minimum investment in<\/span> Exodus<\/span> will be $27.42 \u2014 the price of one security token. Payments will be accepted in Bitcoin, Ethereum and the stablecoin USDC.<\/span><\/p>\n

The company’s valuation could reach $710 million.<\/span><\/p>\n

The Exodus token sale will run on the Securitize platform. Participation requires KYC verification. Tokens will be allocated to those with earlier submitted applications.<\/span><\/p>\n

As previously reported by ForkLog in August on the IPO of the Gibraltar-based INX <\/a> exchange. The proposed INX tokens are a hybrid solution \u2014 both utility- and security-tokens.<\/span> <\/span><\/p>\n

Recently, company representatives announced plans to obtain<\/span> listing in the venture exchange section of the Toronto Stock Exchange (TSXV)<\/span><\/a>.<\/span><\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Exodus cryptocurrency wallet developers have filed with the U.S. Securities and Exchange Commission (SEC) for a regulated $75 million token sale.<\/p>\n","protected":false},"author":1,"featured_media":38355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Exodus seeks SEC approval for a $75 million token sale.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[128,1211,1378],"class_list":["post-38354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sec","tag-stock-market","tag-token-sales"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"Exodus seeks SEC approval for a $75 million token sale.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38354"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38354\/revisions"}],"predecessor-version":[{"id":38356,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38354\/revisions\/38356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38355"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}