Key takeout
- FG Nexus and Securitize are partnering to tokenize FG Nexus shares and preferred shares of the Ethereum blockchain.
- The initiative will enable legitimate on-chain trading of FG Nexus Equity with immediate payments and automatic compliance.
FG Nexus is working with Securitize to tokenize shares in the Ethereum blockchain, the company announced Thursday. Shareholders may choose to convert common stock into tokenized stocks.
The move makes FG Nexus one of the NASDAQ listed companies to expand its tokenization options for Ethereum’s common stock.
Recently pivoted by the Ethereum financial strategy, the company is also a pioneer in paying dividends, tokenization of permanent preferred stocks in exchange terminology.
“We’re committed to providing a range of services to our customers,” said Kyle Cerminara, co-founder and CEO of FG Nexus.
The tokenization process utilizes Securitize’s regulated infrastructure, including Sec registered broker-dealers, alternative trading systems (ATS), and transfer agent services. This ensures that tokenized shares represent legal ownership and allows you to trade on-chain subject to traditional share transfer restrictions.
“The public market is entering a programmable age. The project with FGNexus is expected to allow US investors to hold real stakes rather than synthetic rappers.
According to Maja Vujinovic, CEO of FG Nexus’ digital assets, tokenization is reshaping financial markets by improving efficiency and investor reach. She said the company’s decision to tokenize stocks reflects both blockchain innovation and its commitment to regulatory compliance.
FG Nexus recently raised about $200 million in private property to fund the Ethereum acquisition. The company currently has around $208 million worth of around 47,331 ETH.
