Ethereum dedicated to the Digital Asset Treasury Firm FG Nexus (FGNX) Thursday that it tapped the tokenization firm specialist to let investors handle the usual and preferred shares as tokens in the Ethereum blockchain.
After treatment with securitize tokenization, shareholders can choose to convert their usual stock (fgnx) to tokens based in Ethereum, giving them the same legal rights as traditional shares. The company will also turn to Perpetual Preferred Stock (FGNXP), which pays regular dividends, making it the first US exchange-scale dividend equity to move thoroughly to crypto metals.
The process aims to –streamline how public equities are owned and exchanged using blockchain metals, while subject to both regulations and rights as regular security. Tokenized shares will be adjusted nearby immediately, monitored to the blockchain and moved through Securitize’s sec-registered broker-dealer and alternative trading systems (ATS).
“The tokenization is rapidly changing financial markets by increasing efficiency and improved investors accessing,” said Maja Vujinovic, CEO of digital assets at FG Nexus. “By turning our shares, we embrace blockchain technology to further enhance the shareholder experience while maintaining the highest standard of adherence to regulation.”
Move to onchain
The move came as tokenization of financial instruments, such as sharing equity, bond, and funding, gaining momentum in crypto markets.
A wide range of tokenized equity offerings that have been debuting in recent months, including Robinhood, Gemini, the global markets and Xstocks of Kraken’s Ondo Finance and has backed finance, creating token versions of the largest companies that have been exchanged public and ETFs. Some companies, such as FG Nexus, have chosen native tokenization, a structure that provides identical rights to token holders as regular shares.
“Our project with FG Nexus is expected to result in US investors who can handle real stock, not a synthetic wrapper, with instant settlement, automatic compliance and the ability to exchange onchain through our regulated ATS,” securitized co-founder and CEO Carlos Domingo.
Securitize, also known for the release of the Blackrock’s $ 4 billion tokenized funding market, is an early mover in this sector, creating the tokens of the exchanged publicly exchanged Crypto Wallet Provider Exodo (Exod) distributing the Algorand in 2021.
The Sharpink Gaming (SBET), another eth Treasury firm Unveiled plans To introduce its stock to Ethereum with tokenization firm opening bell platform.
Read more: ‘Tokenization will eat the whole financial system’ says Robinhood CEO
