FG Nexus will collaborate with Securitize to tokenize its stocks on Ethereum, potentially becoming the first on-chain US dividend stock.

PANews, October 2 news, according to CoinDesk, Nasdaq-listed company FG Nexus (FGNX), which focuses on Ethereum, announced that it has chosen to partner with tokenization specialist Securitize, allowing investors to hold their common and preferred shares as tokens on the Ethereum blockchain. This cooperation will make FG Nexus's preferred stock (FGNXP) the first fully on-chain dividend stock listed in the United States. The tokenized stock will have the same legal rights as traditional stocks but will be able to achieve near-instant settlement on-chain through Securitize, a SEC-regulated Alternative Trading System (ATS). Carlos Domingo, CEO of Securitize, stated that this move means that American investors will be able to hold real stock tokens rather than synthetic wrappers. Securitize has previously provided technical support for BlackRock's tokenization of money market funds.