Publicly listed company FG Nexus to collaborate with Securitize to tokenize its shares on Ethereum

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

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