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

On October 2nd, as per Blockworks, FG Nexus, a Nasdaq-listed company possessing around 47,000 ETH (approximately $208 million), declared a partnership with Securitize, a tokenization specialist company. The aim is to tokenize its Nasdaq-listed stocks (including common stock and preferred stock) on the Ethereum blockchain. The company recently raised approximately $200 million through a private placement. This plan will give investors the option to convert their traditional stocks into digital tokens on Ethereum. These tokens will possess the same legal rights as traditional stocks and will enable on-chain real-time settlement and automated compliance via Securitize's SEC-regulated alternative trading system (ATS).