Street Calls of the Week
Investing.com -- FG Nexus has agreed to tokenize its public shares on Ethereum through a new partnership with Securitize, Investing.com has learned.
The initiative will make FG Nexus one of the first Nasdaq-listed companies to offer its shareholders the option to tokenize their shares on Ethereum.
Investing.com has been informed that the program will begin with common stock and then extend to dividend-paying preferred equity (Nasdaq: FGNXP).
This would mark the first time a U.S. exchange-listed, dividend-paying preferred share is fully tokenized, with the expectation that it will bring recurring cash flows natively onchain.
Kyle Cerminara, Co-Founder, Chairman and CEO of FG Nexus, said the agreement “positions the company at the forefront of financial innovation and demonstrates our commitment to leveraging cutting-edge solutions that benefit our investor community.”
Meanwhile, Maja Vujinovic, CEO and Co-Founder of Digital Assets at FG Nexus, told Investing.com that Ethereum was the natural choice. “Ethereum offers the ‘rail’ that works today at scale for regulated assets,” she said.
“It combines unmatched decentralization, security, and smart-contract maturity with broad institutional adoption.”
Vujinovic added that partnering with Securitize, a FINRA-registered broker-dealer and SEC-registered transfer agent, ensures investors benefit from “institutional-grade onboarding, compliance, and record-keeping,” as well as “a potential path to liquidity.”
Carlos Domingo, Co-Founder and CEO of Securitize, said: “Native tokenization is the only model that delivers true ownership, compliance, and efficiency for public equities on blockchain.
“This is the credible, scalable path forward for capital markets, and we’re proud to partner with FG Nexus as one of the first Nasdaq-listed companies to embrace this future.”
Vujinovic believes the move is part of a broader trend. “Tokenization is already real; nearly $8B of Treasuries and funds run on Ethereum today,” Vujinovic stated. “Over the next few years, expect most funds and credit products to move on-chain.”