FG Nexus signed an agreement with Securitize to issue Ethereum-based tokens that track its Nasdaq-listed common stock (FGNX) and preferred dividend-paying stock (FGNXP). StockTitan report that this marks the first time a U.S.-listed preferred share that pays dividends exists only as an on-chain token, touching shareholders, clearing agents, and market utilities.
The tokens will live on the Ethereum network and mirror the underlying securities. The initiative aims to demonstrate that traditional assets can operate on a public blockchain while preserving investor protections.
The project links FG Nexus’s Ethereum treasury plan to Securitize’s licensed toolkit—an SEC-registered broker-dealer, an Alternative Trading System (ATS), and a transfer agent license. The tokens carry the same legal title and transfer limits as the underlying shares.
According to the same source, settlement will move from T+2 to instant, ownership rules can be coded into smart contracts, and dividends will be sent automatically. Defined simply, it turns a paper asset into a digital record on a blockchain that shows who owns it.
Agreement details and on-chain mechanics
FG Nexus positions the move as a way to strengthen its place in market innovation and to show that traditional assets can run on a public chain. Securitize supplies the regulated bridge between old exchanges and the on-chain world. Maja Vujinovic, FG Nexus Chief Digital Assets: “Tokenization is already real – nearly $8B of Treasuries as well as funds run on Ethereum today. Over the next few years, expect most funds and credit products to move on chain.” The remark signals that more financial products are likely to shift to public blockchains such as Ethereum.
The next step is to release the tokens representing FGNX and FGNXP onto the blockchain so they can trade and settle. FG Nexus and Securitize describe this stage as the moment that will prove the idea works, and the project serves as a live test for a broader shift of funds and credit products to Ethereum in the years ahead.
