The publicly listed company FG Nexus will collaborate with Securitize to tokenize its shares on Ethereum

according to Blockworks, Nasdaq-listed company FG Nexus, which holds approximately 47,000 ETH (about $208 million), announced that it will collaborate with tokenization specialist Securitize to tokenize its Nasdaq-listed stocks (including common and preferred shares) on Ethereum. The company recently raised approximately $200 million through a private placement.

The plan will allow investors to choose to convert their traditional stocks into digital tokens on Ethereum. These tokens will have the same legal rights as traditional stocks and will enable on-chain real-time settlement and automated compliance through Securitize's SEC-regulated Alternative Trading System (ATS).