FG Nexus to Make History with Tokenized Dividend-Paying Shares
FG Nexus, a Nasdaq-listed company, is set to make history by tokenizing dividend-paying, exchange-listed perpetual preferred shares. This innovative move, in collaboration with Securitize, aims to bridge traditional finance with blockchain technology, creating more efficient capital markets.
FG Nexus will initially tokenize its common stock, with plans to extend to its Class A preferred shares. The tokenized shares will maintain the same legal and financial rights as conventional shares but offer added flexibility, being tradable onchain. This initiative aligns with FG Nexus' goal to lead the transition of equities onto blockchain networks.
SharpLink Gaming, another Nasdaq-listed company, is collaborating with Securitize to offer investors the option to hold blockchain-based tokenized shares. Securitize positions this partnership as a significant step towards programmable financial markets. FG Nexus' tokenization program will rely on Securitize's regulated infrastructure, including its status as an SEC-registered broker-dealer, Alternative Trading System (ATS), and transfer agent.
FG Nexus' tokenization of dividend-paying shares marks a significant milestone in the convergence of traditional finance and blockchain technology. The tokenized shares will be subject to the same regulatory transfer restrictions but offer the added benefit of onchain trading. FG Nexus aims to bring recurring dividend payments fully onchain for the first time, leading the way for other companies to follow suit.
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