PANews reported on October 2 that according to CoinDesk, FG Nexus (FGNX), a Nasdaq-listed company focusing on Ethereum, announced that it has chosen to cooperate with tokenization professional company Securitize to allow investors to hold its common and preferred shares as tokens on the Ethereum blockchain.

This collaboration will make FG Nexus’ dividend-paying preferred stock (FGNXP) the first publicly traded U.S. dividend-paying stock to be fully on-chain. The tokenized shares will have the same legal rights as traditional shares, but will be able to achieve near-instant settlement on-chain through Securitize’s SEC-regulated Alternative Trading System (ATS).

Carlos Domingo, CEO of Securitize, which also provides technology for BlackRock’s tokenized money market fund, said the move means U.S. investors will be able to hold actual equity tokens rather than synthetic wrappers.