PANews reported on October 2nd that according to Blockworks, Nasdaq-listed FG Nexus, which holds approximately 47,000 ETH (approximately $208 million), announced that it will partner with tokenization specialist Securitize to tokenize its Nasdaq-listed shares (including common and preferred shares) on Ethereum. The company recently raised approximately $200 million in a private placement.

The program will allow investors to choose to convert their traditional shares into digital tokens on Ethereum. These tokens will have the same legal rights as traditional shares and will be able to achieve on-chain real-time settlement and automated compliance through Securitize's SEC-regulated alternative trading system (ATS).