Key Takeaways
- FG Nexus and Securitize are partnering to tokenize FG Nexus shares and preferred shares on the Ethereum blockchain.
- This initiative enables legal, onchain trading of FG Nexus equity with instant settlement and automated compliance.
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FG Nexus is teaming up with Securitize to tokenize its shares on the Ethereum blockchain, the company announced Thursday. Shareholders will be able to elect to convert their common stock into tokenized shares.
The move makes FG Nexus one of the earliest Nasdaq-listed companies to extend tokenization options for common stock on Ethereum.
The company, which recently pivoted to an Ethereum treasury strategy, will also pioneer the tokenization of a dividend-paying, exchange-listed perpetual preferred share.
“FG Nexus’ agreement with Securitize positions the Company at the forefront of financial innovation and demonstrates our commitment to leveraging cutting-edge solutions that benefit our investor community,” said Kyle Cerminara, Co-Founder, Chairman & CEO of FG Nexus.
The tokenization process will utilize Securitize’s regulated infrastructure, including its SEC-registered broker-dealer, Alternative Trading System (ATS), and transfer agent services. This ensures tokenized shares represent legal ownership and can be traded onchain, subject to traditional share transfer restrictions.
“Public markets are entering the programmable age. Our project with FG Nexus is expected to result in US investors being able to hold real stock, not a synthetic wrapper, with instant settlement, automated compliance, and the ability to trade onchain through our regulated ATS,” said Carlos Domingo, Co-Founder & CEO of Securitize.
According to Maja Vujinovic, CEO of Digital Assets at FG Nexus, tokenization is reshaping financial markets by improving efficiency and investor reach. She noted that the company’s decision to tokenize its shares reflects both a commitment to blockchain innovation and regulatory compliance.
FG Nexus recently raised around $200 million in a private placement to fund its Ethereum acquisitions. The company currently holds around 47,331 ETH worth around $208 million.
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