The Nasdaq-listed company FG Nexus, holding 47,000 ETH, will partner with Securitize to tokenize its stocks on the Ethereum blockchain

BlockBeats News, October 2nd, according to Blockworks, Nasdaq-listed company FG Nexus, holding approximately 47,000 ETH (about $208 million), announced a partnership with tokenization specialist company Securitize to tokenize its Nasdaq-listed stocks (including common stock and preferred stock) on the Ethereum blockchain. The company recently raised about $200 million through a private placement.

This 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).