FG Nexus brings tokenized stock trading to Ethereum

FG Nexus has announced a partnership with Securitize to tokenize its Nasdaq-listed shares on Ethereum, allowing for both common and preferred stock to be digitally represented. This initiative enables investors to convert traditional shares into digital tokens, facilitating on-chain transfers, real-time settlement, and automated compliance. The company has raised around $200 million in a private placement and currently holds approximately 47,000 ETH, valued at about $208 million. Securitize, operating as an SEC-registered broker-dealer and transfer agent, will provide a regulated infrastructure for the project, ensuring that tokenized equity maintains the same legal protections as traditional stocks. This move is seen as a significant advance towards integrating public markets with blockchain technology, with implications of increased efficiency and greater accessibility for investors, according to FG Nexus and Securitize executives. The venture represents a forward-looking development in financial innovation.

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