FG Nexus (FGNX), a Nasdaq-listed company, has announced a partnership with Securitize to tokenize its common and preferred shares on the Ethereum blockchain. This initiative will make FG Nexus' dividend-paying preferred stock (FGNXP) the first publicly traded U.S. dividend-paying stock to be fully on-chain. The tokenized shares will retain the same legal rights as traditional shares but will benefit from near-instant settlement through Securitize's SEC-regulated Alternative Trading System (ATS).
Carlos Domingo, CEO of Securitize, highlighted that this development allows U.S. investors to hold actual equity tokens rather than synthetic wrappers. This collaboration marks a significant step in integrating blockchain technology with traditional financial markets, potentially setting a precedent for future tokenization of dividend-paying stocks.
FG Nexus to Tokenize Shares on Ethereum with Securitize Partnership
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