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Ondo partners with Blockchain.com to launch tokenized U.S. stocks across Europe
Yahoo Finance· 2026-02-03 23:49
Ondo Finance is expanding access to more than 200 tokenized U.S. stocks and exchange-traded funds (ETFs) across Europe through an extended partnership with Blockchain.com. The real-world asset (RWA) tokenization platform announced on Feb. 3 that the rollout will allow eligible users in up to 30 European Economic Area (EEA) countries to buy, sell and hold regulated, tokenized U.S. equities directly inside the Blockchain.com DeFi Wallet. The assets are delivered via Ondo Global Markets, bringing on-chain e ...
Exodus Introduces Exodus Pay to Make Stablecoin Spending Mainstream
Globenewswire· 2025-12-09 14:30
Core Viewpoint - Exodus Movement, Inc. has launched Exodus Pay, a self-custodial payments platform designed for consumers with no prior cryptocurrency experience, marking a significant evolution from a digital asset wallet to a comprehensive app for managing digital dollars [2][3]. Group 1: Product Features - Exodus Pay allows users to make instant payments, spend with a card, earn rewards, and access everyday financial tools without needing to understand cryptocurrency [2][4]. - The platform integrates directly into the existing Exodus app, enabling users to manage all their assets, including dollars and cryptocurrencies, in one place [5][8]. - Users can send digital dollars and stablecoins to friends using phone numbers, fund their balances with digital dollars and stablecoins, and maintain self-custodial ownership of their assets [8]. Group 2: Market Positioning - Exodus Pay aims to simplify money management by consolidating multiple financial functions into a single app, addressing the need for a unified solution in a landscape where consumers typically use multiple apps for different financial tasks [4][5]. - The launch of Exodus Pay positions the company at the forefront of a generational shift towards digital dollars, appealing particularly to younger consumers moving away from traditional banking [4][5]. Group 3: Future Plans - The rollout of Exodus Pay is set to begin in early 2026, with users able to join a waitlist starting from the announcement date [6].
Exodus Enters Next Phase as a Crypto Payments Company With Agreement to Acquire W3C Corp, and its subsidiaries Baanx and Monavate
Globenewswire· 2025-11-24 21:05
Core Viewpoint - Exodus Movement, Inc. has announced a definitive agreement to acquire W3C Corp, which includes Monavate and Baanx, to enhance its payments infrastructure and position itself as a leader in on-chain payments [1][2][3] Acquisition Details - The acquisition is valued at $175 million and will be funded through a combination of cash and financing from a credit facility with Galaxy Digital, secured by the company's Bitcoin holdings [7] - The acquisition is subject to regulatory approvals and customary closing conditions, with an expected closing in 2026 [7] Strategic Implications - The acquisition will allow Exodus to control the end-to-end payments experience, integrating issuing, processing, and regulatory capabilities directly into its product suite [3][4] - By bringing card and payments infrastructure in-house, Exodus aims to reduce reliance on third-party providers and support a wider range of assets, including stablecoins [3][4] Market Context - The demand for stablecoin payments has surged, with volumes increasing by 70% from February to August 2025, primarily driven by B2B transactions [4] - The infrastructure expansion is expected to enhance offerings for enterprise clients, enabling flexible payment solutions and partnerships with major players like MetaMask and Ledger [5][6] Financial Outlook - The acquisition is anticipated to diversify Exodus's revenue streams through interchange, processing, and program fees, contributing to a more predictable earnings base [5] - XO Swap, a service offered by Exodus, accounted for 37% of all exchange provider volume in October 2025, indicating strong market presence [5]
Crypto Wallet Firm Exodus Buys Baanx and Monavate for $175M
Yahoo Finance· 2025-11-24 21:00
Core Viewpoint - Exodus Movement is acquiring W3C Corp for $175 million, enhancing its capabilities in the cryptocurrency payments space [1][4]. Group 1: Acquisition Details - The acquisition includes cash on hand and financing from Galaxy Digital secured by Exodus' Bitcoin holdings [1]. - Baanx and Monavate, the subsidiaries of W3C Corp, focus on crypto cards and self-custody Web3 payments, collaborating with major companies like Visa and Mastercard [2]. Group 2: Strategic Implications - This deal positions Exodus as one of the few self-custodial wallets to manage the entire payments experience, from wallets to cards [2][3]. - The acquisition allows Exodus to issue payment cards through networks such as Visa, Mastercard, and Discover, expanding its geographic reach to the U.S., UK, and EU [3]. Group 3: Business Model and Revenue - The integration of card and payments infrastructure is expected to diversify Exodus' revenue streams, creating a more predictable earnings base aligned with everyday use of digital dollars [5]. - The economics from interchange, processing, and program fees will become foundational to Exodus' payments and transaction services business [5]. Group 4: Future Outlook - The deal is subject to customary adjustments and approvals, with an expected closing date in 2026 [6].