Back
FG Nexus Partners with Securitize to Tokenize Nasdaq-Listed Shares on Ethereum

FG Nexus Partners with Securitize to Tokenize Nasdaq-Listed Shares on Ethereum

The partnership will make FG Nexus’s dividend stock the first fully on-chain U.S.-listed equity, enabling instant settlement through a regulated trading platform.

ETH

Fact Check
The statement is unequivocally confirmed by all ten provided pieces of evidence. Multiple credible and independent sources, including Yahoo Finance, The Block, CoinDesk, and Binance, report on the partnership between FG Nexus and Securitize to tokenize the Nasdaq-listed company's shares on the Ethereum blockchain.
    Reference: 123
Summary

FG Nexus (FGNX) has teamed up with tokenization firm Securitize to allow its common and preferred shares to be tokenized on the Ethereum blockchain. This collaboration will make FGNX’s dividend-paying preferred stock (FGNXP) the first fully on-chain U.S.-listed equity, with tokenized shares maintaining traditional legal rights but offering faster settlement through Securitize’s SEC-regulated alternative trading system (ATS). Securitize CEO Carlos Domingo emphasized that the tokens represent genuine stock, not synthetic assets. Securitize has previously assisted in tokenizing BlackRock’s money market fund.

Terms & Concepts
  • Tokenization: The process of converting rights to an asset into a digital token on a blockchain.
  • Alternative Trading System (ATS): A regulated electronic platform that facilitates trading of securities outside traditional exchanges.
  • Wrapped Assets: Synthetic blockchain representations of underlying assets, often used to enable cross-chain compatibility without holding the actual asset.