FG Nexus to Revolutionize Equity Offerings with Ethereum Blockchain Tokenization
FG Nexus, a Nasdaq-listed company, is set to revolutionize its equity offerings. It will allow shareholders to convert common stock into tokenized shares on the Ethereum blockchain. This move aligns with the SEC's plans to approve 24/7 stock trading on-chain.
FG Nexus has partnered with Securitize, a regulated platform, to facilitate this tokenization process. Securitize's ecosystem ensures tokenized shares represent actual legal ownership of stock. This collaboration follows Securitize's selection by Ripple to enhance flexibility in tokenized assets, though no other specific companies were mentioned.
Maja Vujinovic, CEO and Co-Founder of Digital Assets at FG Nexus, praised Ethereum's decentralization, security, and institutional adoption. Ethereum was chosen for its robust security, decentralization, and regulatory compliance. FG Nexus will be the first Nasdaq-listed company to bring dividend-paying preferred equity fully on-chain. This follows SharpLink Gaming, which became the first to tokenize its stock on Ethereum.
FG Nexus's tokenization extends to its perpetual preferred equity, marking a significant step towards fully on-chain stock trading. This move, facilitated by Securitize, could pave the way for more companies to follow suit, potentially transforming traditional stock markets.
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