Ethereum News Today: First U.S. Dividend Stock Tokenized on Ethereum, Merging Blockchain and Traditional Finance

ETH Treasury Firm to Tokenize Nasdaq-Listed Shares on Ethereum With Securitize

FG Nexus (Nasdaq: FGNX, FGNXP), an Ethereum-focused digital asset treasury firm, has announced a partnership with tokenization specialist Securitize to convert its common and preferred shares into blockchain-based tokens on the Ethereum network. This initiative will enable shareholders to hold and trade these tokens while retaining identical legal rights to traditional shares. The move marks the first time a U.S. exchange-listed dividend-paying equity has been fully tokenized, with the perpetual preferred shares (FGNXP) set to transition to on-chain settlement.

The tokenization process, facilitated by Securitize's SEC-registered infrastructure, will allow shareholders to convert their equity into Ethereum-based tokens that settle instantly, automate compliance, and enable onchain trading via Securitize's Alternative Trading System (ATS). FG Nexus emphasized that the tokenized shares will maintain regulatory compliance and the same legal protections as conventional securities. The project is expected to begin with common stock before expanding to preferred shares, which will bring recurring dividend payments into the blockchain ecosystem.

FG Nexus's CEO, Kyle Cerminara, highlighted the strategic importance of the partnership, stating that the agreement positions the firm at the forefront of financial innovation. The company's Chief Digital Assets Officer, Maja Vujinovic, noted that Ethereum's established infrastructure-combining decentralization, security, and institutional adoption-makes it the optimal platform for tokenized equities. Securitize's CEO, Carlos Domingo, added that native tokenization offers a scalable solution for capital markets, ensuring true ownership and compliance.

The initiative aligns with broader industry trends toward blockchain-based securities. Nasdaq recently proposed a framework to enable trading of tokenized equities and exchange-traded products (ETPs) on its markets. The exchange's Senior Vice President, Chuck Mack, emphasized that tokenization could enhance efficiency, streamline settlements, and expand access to digital assets while preserving investor protections. FG Nexus's move underscores the growing adoption of tokenized assets, with nearly $8 billion in Treasuries and funds already operating on Ethereum.

Security and compliance remain central to the project. Securitize's audit by CertiK achieved a 90/100 Token Scan score, and the firm's $50,000 bug bounty program further safeguards the platform. The tokenized shares will be managed through Securitize's regulated ATS, ensuring adherence to existing securities laws. FG Nexus also plans to leverage Ethereum's Layer-2 solutions to improve scalability and reduce transaction costs.

The partnership reflects a strategic pivot for FG Nexus, which aims to become the largest Ethereum holder globally. By tokenizing its equity, the firm seeks to enhance shareholder liquidity and demonstrate the viability of blockchain for traditional financial instruments. The project is expected to catalyze further adoption of tokenized assets, with Vujinovic predicting that most funds and credit products will migrate on-chain within the next few years.