FG Nexus to Tokenize Shares on Ethereum in Partnership With Securitize
FG Nexus, a Nasdaq-listed financial services company, said Thursday it has partnered with Securitize to allow investors to hold its stock directly on the Ethereum blockchain. The agreement makes FG Nexus one of the first U.S. public companies to offer tokenized versions of both common and preferred shares. The program will begin with common stock (Nasdaq: FGNX) and later expand to include its dividend-paying perpetual preferred shares (Nasdaq: FGNXP). Blockchain-Based Equity Option Through the initiative, shareholders may choose to convert their holdings into digital tokens that represent legally recognized ownership. The tokenized shares are expected to carry the same rights and restrictions as traditional equity, including voting rights and dividend payments. Securitize, a firm that specializes in tokenizing real-world assets, will provide the infrastructure for the program. The company operates as a Securities and Exchange Commission-registered broker-dealer, alternative trading system and transfer agent. Its platform will support compliance, settlement, and on-chain trading. Expanding Market Access FG Nexus executives said the effort is aimed at integrating blockchain-based systems into the traditional equity market. By placing shares on Ethereum, the company expects to test whether tokenization can streamline settlement, improve transparency, and broaden investor access. “Tokenization is changing financial markets through increased efficiency and investor access,” said Maja Vujinovic, chief executive of digital assets at FG Nexus. “By tokenizing our shares, we are adopting blockchain technology while maintaining regulatory standards.” Securitize’s co-founder and Chief Executive Officer, Carlos Domingo, said the project could mark a shift toward programmable financial assets in public markets. “U.S. investors will be able to hold real stock, not a synthetic wrapper, with instant settlement and automated compliance,” Domingo said. Part of a Broader Trend The announcement reflects a growing push among financial institutions and corporations to explore blockchain-based securities. While tokenization has been tested in private markets, FG Nexus is among the first exchange-listed firms in the United States to extend the option to shareholders in a public setting. Kyle Cerminara, co-founder and chief executive of FG Nexus, said the partnership with Securitize is part of the company’s broader strategy to adapt to new technologies. The program is expected to begin later this year, subject to regulatory conditions. If successful, FG Nexus could provide a model for other publicly traded companies considering blockchain integration for equity management.