FG Nexus has unveiled plans to tokenize its stock on Ethereum, enabling shareholders to convert both common and preferred equity into blockchain-based tokens. Partnering with regulated platform Securitize, the company aims to create one of the first legally compliant models for tokenized corporate equity.
Notably, this initiative includes perpetual preferred stock, making it the first case of dividend-paying preferred equity being tokenized for on-chain ownership with recurring payouts.
By leveraging Ethereum’s secure and scalable infrastructure, FG Nexus seeks to modernize stock management while ensuring regulatory compliance. The tokenized shares will be issued via Securitize’s SEC-registered ecosystem, which includes a broker-dealer, transfer agent, and Alternative Trading System (ATS), ensuring legal enforceability and compliance with transfer restrictions.
FG Nexus is now the second Nasdaq-listed company to announce Ethereum-based equity tokenization, following SharpLink Gaming’s similar move with its SBET stock. The development comes as the SEC weighs broader frameworks for 24/7 blockchain-based trading of traditional securities.
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