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QLGN Rebrands as AIxCrypto to Launch $5M RWA Stock Tokenization

AIxCrypto, formerly QLGN, will begin tokenizing Faraday Future shares through a third party to enable lower-cost blockchain-based financing options.

Summary

Faraday Future has confirmed that Nasdaq-listed QLGN has rebranded as AIxCrypto (AIXC). The company will focus on Real World Asset (RWA) stock tokenization, starting with a $5 million purchase of Faraday Future (FFAI) shares via a third party to lower financing costs and enhance shareholder value through Web3 technology.

Terms & Concepts
  • RWA (Real World Asset) tokenization: The process of creating blockchain-based tokens that represent ownership of physical or traditional financial assets.
  • Web3: A decentralized internet ecosystem built on blockchain technology, enabling peer-to-peer transactions without central intermediaries.
  • Stock tokenization: A method of converting traditional shares into blockchain-based tokens that can be traded digitally.