Turning Shares Into Tokens
According to the press release, this plan means shareholders will have the option to move their regular stock into tokens that exist on Ethereum. This also covers the company’s perpetual preferred shares. If it goes ahead, this will be the first time that a dividend‑paying preferred share is tokenized. Shareholders would then be able to hold these tokens directly on the blockchain and receive payouts in the same way.
Executives at FG Nexus explained that Ethereum was chosen because it is reliable, and facts that it is widely used by institutions. They said Ethereum provides the right mix of decentralization and scale, while also meeting regulatory requirements.
Securitize will handle the tokenization using its regulated system. The platform has an SEC‑registered broker‑dealer, an Alternative Trading System, and transfer agent services. This means the tokenized shares will still represent real legal ownership of FG Nexus stock. At the same time, they will keep the same restrictions that already apply to stock transfers.
According to Carlos Domingo, Co‑Founder and CEO of Securitize, “The native tokenization will allow actual ownership and compliance in public markets,” he added, noting the partnership with FG Nexus as an early example of how listed firms could adopt blockchain‑based equity management.
The announcement positions FG Nexus as the second Nasdaq‑listed company to declare its intention to tokenize stock on Ethereum, following SharpLink Gaming’s earlier decision to tokenize its SBET shares.
In a post on X, Securitize highlighted that FG Nexus now stands among the first to advance tokenization at scale, which comes as the U.S. Securities and Exchange Commission weighs the possibility of allowing 24/7 on‑chain stock trading.