ETH Treasury Firm to Tokenize Nasdaq-Listed Shares on Ethereum
FG Nexus Embraces Tokenization on Ethereum
- FG Nexus (FGNX), an Ethereum-focused digital asset treasury firm, collaborates with Securitize to tokenize its common and preferred shares on the Ethereum blockchain.
- Tokenized shares will provide shareholders with equivalent legal rights as traditional shares and allow for near-instantaneous settlement using blockchain technology.
- The initiative involves tokenizing FG Nexus's perpetual preferred stock (FGNXP), marking it as the first U.S. exchange-listed dividend equity fully transitioned to crypto rails.
- Tokenization aims to enhance efficiency and investor access while complying with existing regulations.
Onchain Financial Instruments Gain Traction
- Tokenization of financial instruments, including equity shares, bonds, and funds, is increasingly popular in crypto markets.
- Recent tokenized equity offerings include those from Robinhood, Gemini, Ondo Finance, Kraken, and Backed Finance.
- Securitize has been a pioneer in this sector, previously issuing tokens for Exodus (EXOD) shares on Algorand.
- SharpLink Gaming (SBET) also plans to tokenize its equity on Ethereum through Superstate's platform.