The digital treasury company focused on Ethereum, FG Nexus (FGNX), said Thursday that it had operated the specialized company of secure tokenization to allow investors to hold its common and privileged actions in chips on the Ethereum blockchain.
After the treatment of the tokenization to securitize, shareholders can choose to convert their ordinary actions (FGNX) to tokens based on Ethereum, which gives them the same legal rights as traditional actions. The company will also be perpetual privileged actions (FGNXP), which pays regular dividends, making it the first dividend capital listed in the United States for the transition entirely on cryptographic rails.
The process aims to rationalize the possession of public actions and exchanges using blockchain rails, while being subject to the same regulations and rights as regular titles. Tokenized actions will be adjusted almost instantly, followed on the blockchain and transferred via the recorded broker and the alternative trading system (ATS).
“Tokenization quickly changes the financial markets thanks to increased efficiency and increased access to investors,” said Maja Vujinovic, CEO of digital assets at FG Nexus. “By throwing our actions, we adopt blockchain technology to further improve shareholders’ experience while maintaining the highest standards of regulatory compliance.”
Go to onchain
This decision comes as the tokenization of financial instruments, such as stocks, bonds and funds, is gaining momentum in cryptographic markets.
A wide range of tokenized offers has made its debut in recent months, notably Robinhood, Gemini, the World Markets of Ondo Finance and XSTOCS by Kraken and supported finances, creating token versions of the largest companies and listed ETF. Some companies, such as FG Nexus, have chosen native tokenization, a structure that gives identical rights to chip holders as regular actions.
“Our project with FG Nexus should bring American investors to hold real actions, not to synthetic packaging, with instant settlement, automated compliance and the possibility of negotiating Onschain via our ATG,” said the co-founder and CEO of securing Carlos Domingo.
Securitized, also known for issuing the BlackRock tokrock money market fund, was an early mover in this sector, creating tokens of cryptographic portfolio supplier on the stock market exodus (exod) on algorande shares in 2021.
Sharplink Gaming (SBET), another ETH cash company, has also unveiled plans to introduce its actions on Ethereum with the opening bell platform of the Superstate Tokenization Society.
Find out more: “Tokenization will eat the entire financial system”, explains the CEO of Robinhood
