Exordium
Exordium Limited is a Cayman Islands-incorporated, Australia-based video game publisher that develops Infinite Fleet, an AAA sci-fi MMORPG paired with EXO security tokens issued on the Bitcoin Liquid Network, targeting crypto-aligned investors and sci-fi gaming enthusiasts.
- Company typePrivate
- Founded2018
- HeadquartersRichmond, Australia
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Exordium does
Exordium Limited is a privately held video game publisher, incorporated in the Cayman Islands and operationally based in Richmond, Australia. The company develops and operates Infinite Fleet, a sci-fi AAA strategy MMORPG in which players build and manage fleets of spaceships against an alien adversary. The game's architecture is paired with a blockchain-native capital and economic layer: the EXO security token is issued on the Liquid Network (a Bitcoin sidechain) via Blockstream AMP, with EXOus sold to US accredited investors under SEC Regulation D 506c and EXOeu sold internationally via STOKR and Bitfinex Securities, with BaFin approval extending access to German retail investors.
The technology stack combines regulated security token infrastructure (Liquid, Blockstream AMP), an in-progress RGB protocol integration for the in-game digital currency and marketplace, and Holepunch's Hyperdrive P2P technology for distributing and updating the ~3 GB game client. Exordium's go-to-market is hybrid: investor acquisition is driven through STO platforms and a board that includes prominent Bitcoin and gaming figures, while player acquisition relies on digital distribution, social channels, and the game itself functioning as a marketing vehicle.
The business model rests on two revenue mechanics: (1) capital raised through EXO token sales, which carry a 20% annual net profit share and equity participation, and (2) in-game item and digital asset sales via the Infinite Fleet Store. To date the company has raised over $7.3 million cumulatively (a $3.1M seed round in July 2020 plus $4.2M toward a $12M STO target as of September 2021); no operating revenue is disclosed. The current 1-10 person team and unfilled $12M round indicate the business remains in pre-commercial development.
Exordium firmographics
Firmographics- Name
- Exordium
- Legal name
- Exordium Limited
- Website
- https://exordium.co
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Exordium Limited is a Cayman Islands-incorporated, Australia-based video game publisher that develops Infinite Fleet, an AAA sci-fi MMORPG paired with EXO security tokens issued on the Bitcoin Liquid Network, targeting crypto-aligned investors and sci-fi gaming enthusiasts.
- Ownership category
- akta.pro rank
Exordium industry classification
Industry- Product category
- Video Game Publishing
- NAICS
- Software Publishers (5132), Hobby, Toy, and Game Retailers (459120)
- SIC
- Services-Prepackaged Software (7372), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- AAA & Premium Game Studios (PC/Console) (MPAFAAAA)
- akta.pro secondary industries
- PC & Console Game Distribution Platforms (BPAMAKAA), Player Wallets, Identity & Accounts for Games (embedded wallets, SSO, DID) (FSAPAGAF)
Keywords
Where Exordium is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- Australia
- HQ region
- Oceania
Markets served
Exordium business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Security Token Offering (STO): EXO tokens provide holders with 20% annual net profit share from Exordium Limited operations plus equity participation. Two token issuances: EXOus (US accredited investors, Regulation D 506c) and EXOeu (non-US investors, available on STOKR). Successfully raised $3.1M in seed round (July 2020) and $4.2M toward $12M current round target.
- In-Game Item Sales: Digital items and assets sold through the Infinite Fleet Store. Players purchase in-game items including pre-orders and downloadable content. Account required for purchases. 14-day refund policy available.
- Game Distribution Access: Players must create an Exordium account to access Infinite Fleet game client and store. The game client is distributed via P2P technology.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | EXOeu Security Token - Non-US Investors |
| Other | Annual | EXOus Security Token - US Accredited Investors |
| Unit Pricing | Pay-as-you-go | In-Game Items and Pre-orders |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Exordium product offering
Product offeringCore offering
Exordium is a video game publisher that develops and distributes Infinite Fleet, a AAA sci-fi strategy MMORPG. The company pairs the game with a security token offering (EXO) that grants token holders a 20% annual net profit share and equity participation in Exordium Limited. The technology stack combines the Liquid Network (Bitcoin sidechain) for regulated token issuance, the RGB protocol for an in-game digital economy, and Holepunch Hyperdrive P2P technology for game client distribution.
Product overview
Exordium is a video game publisher operating a platform-plus-products architecture centered on Infinite Fleet, an AAA Sci-Fi MMORPG that combines in-game unique digital assets (UDA) with security token offerings (STO). The core product portfolio includes the Infinite Fleet game itself, the EXO security token (with EXOus for US accredited investors and EXOeu for international/German investors via the Liquid Network), and an in-game digital store for purchasing virtual items. The company has raised over $7.3 million through its STO structure, with tokens offering 20% annual net profit share and equity participation in Exordium Limited.
Differentiator
Problem solved
Functional benefit
Products and services
- Infinite Fleet AAA strategy MMORPG set in a massive Sci-Fi universe where players build and manage fleets of spaceships to battle the alien threat known as the Atrox. Features a Directed Narrative system where player actions influence operational changes and story progression, and combines in-game unique digital assets (UDA) with security tokens (STO). Targeted at sci-fi MMO and strategy game players.
- EXO Security Token (EXOus and EXOeu) Security token offering consisting of two issuances - EXOus for US investors (SEC Regulation D 506c, accredited investors only) and EXOeu for non-US investors (BaFin approved for German retail). EXO tokens provide 20% annual net profit share from Exordium Limited operations plus equity participation, and operate on the Liquid Network using Blockstream AMP. Designed for crypto-gaming investors seeking regulated, profit-sharing exposure to the Infinite Fleet business.
- Infinite Fleet Store Digital marketplace within Infinite Fleet where players purchase in-game items, digital assets, pre-orders, and downloadable content using the game's virtual currency. Players are required to have an Exordium account to make purchases, and a 14-day refund policy is available for unredeemed or unused items.
Quantifiable outcome
- First BaFin-approved STO issued on a Bitcoin sidechain
Companies that use Exordium
Customer profileSegments3 records
Ideal customer profiles3 records
Exordium technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Exordium partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- STOKRcoreLuxembourg-based digital securities startup providing turn-key solutions for EXOeu token offering. Handles technology support, payment gateways, investment structuring, and wallet registration under EU capital market laws. Platform enables Exordium's STO accessibility to European retail investors, including BaFin-approved German market access.
- Bitfinex SecuritiescorePlatform regulated in Kazakhstan and El Salvador providing infrastructure for issuing and trading tokenized digital assets. Offers industry-leading liquidity and cutting-edge trading engines. Enables enterprises to raise capital through tokenized asset offerings.
- Liquid NetworkcoreBitcoin blockchain secondary layer (sidechain) used for EXO secure token issuance. Provides rapid and confidential transactions through federated signings and real-time BTC pegging. Enables high-frequency transactions while maintaining decentralization properties. Blockstream AMP enables security token issuance on the network.
- HolepunchcoreProvides Hyperdrive P2P technology for distributing and updating Infinite Fleet game client. Hyperdrive is a secure, real-time distributed file system enabling peer-to-peer file sharing. Reduces server load, bandwidth costs, and improves download reliability. Technology is completely open source.
- PixelmaticcoreGame development studio led by Samson Mow (Exordium board member and CEO of Pixelmatic). Partnered with Exordium on Infinite Fleet development. Pixelmatic brings 15 years of AAA game design, development, and production experience including expertise at Ubisoft and Relic Entertainment (Company of Heroes franchise).
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Exordium competitors and assessment
Company assessmentOthers
- Blockstream: Operator of the Liquid Network and home to Dr. Adam Back (Blockstream CEO and Exordium board member). Comparable as the upstream infrastructure provider whose Bitcoin-sidechain technology underpins EXO tokens.
- STOKR: Luxembourg-based regulated digital securities platform that distributes EXOeu to European investors. Comparable as the channel partner enabling compliant retail access to Exordium's security tokens.
Direct peers
- Gala Games: Web3 gaming platform that issues its own token to fund and govern AAA-aimed game development with player ownership. Closely comparable to Exordium's token-funded, player-aligned publishing model.
- Illuvium: AAA-aimed open-world RPG built on Immutable with on-chain assets and an in-game marketplace. Directly comparable as a high-budget, crypto-native AAA game publisher pursuing premium-tier Web3 gaming.
- Pixelmatic: Game development studio led by Exordium board member Samson Mow and core partner on Infinite Fleet. Directly comparable as the build-and-operate arm for Exordium's flagship title and shares AAA mobile/PC game development DNA (Vainglory, Warhammer 40,000: Carnage).
Broad incumbents
- Immutable: Web3 gaming infrastructure provider (Immutable zkEVM, Immutable X) and publisher of titles like Gods Unchained. Comparable as a regulated, institutionally-backed Web3 gaming platform targeting AAA-grade experiences.
- Sky Mavis (Axie Infinity): Developer of Axie Infinity and operator of the Ronin sidechain. Comparable as a category-defining Web3 gaming company combining proprietary token economy, player-owned assets, and a high-profile game IP.
- Ubisoft: AAA publisher where board member Samson Mow previously served as director of production. Comparable as the traditional AAA publishing benchmark Exordium aspires to, including Ubisoft's own blockchain experiments (e.g., Quartz NFT platform).
- Relic Entertainment: AAA strategy game studio (Company of Heroes, Age of Empires IV) where Samson Mow contributed during the Company of Heroes era. Comparable as a strategy-genre AAA studio with overlapping executive pedigree.
- Animoca Brands: Largest Web3 gaming investor and operator globally, with a portfolio of hundreds of blockchain games and NFT titles. Comparable as a publicly listed Web3 gaming conglomerate whose investment thesis and operating model Exordium's STO model attempts to democratize.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Exordium social profiles
Digital presenceExordium compliance and trust
Trust signalCompliance2 records
Exordium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Exordium leadership team
Management profileNumber of profiles
Profiles4 records
Exordium funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Exordium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Exordium
What does Exordium do?
Exordium is a video game publisher that develops and distributes Infinite Fleet, a AAA sci-fi strategy MMORPG. The company pairs the game with a security token offering (EXO) that grants token holders a 20% annual net profit share and equity participation in Exordium Limited. The technology stack combines the Liquid Network (Bitcoin sidechain) for regulated token issuance, the RGB protocol for an in-game digital economy, and Holepunch Hyperdrive P2P technology for game client distribution.
Is Exordium a public or private company?
Exordium is a private company. It is classified as venture growth investor backed and is currently operating.
When was Exordium founded?
Exordium was founded in 2018. It employs 1 to 10 people.
Where is Exordium based?
Exordium is headquartered in Richmond, Australia, in the Oceania region.
How does Exordium make money?
Three revenue lines are on record. Security Token Offering (STO) is the primary driver. The others are in-Game Item Sales and game Distribution Access.
Who are Exordium's main competitors?
Others on record are Blockstream and STOKR. Direct peers are Gala Games, Illuvium and Pixelmatic. Broad incumbents are Immutable, Sky Mavis (Axie Infinity), Ubisoft, Relic Entertainment and Animoca Brands.
Does Exordium have an API?
No public API is recorded for Exordium.
What industry is Exordium in?
Exordium's product category is Video Game Publishing. Its primary akta.pro industry code is MPAFAAAA, AAA & Premium Game Studios (PC/Console), with a secondary code of BPAMAKAA, PC & Console Game Distribution Platforms. Its NAICS code is 5132 and its SIC code is 7372.