FG Nexus Inc. (Nasdaq: FGNX) has made history by issuing SEC-registered stock and preferred stock directly on the Ethereum blockchain. The company now allows shareholders to convert standard shares into on-chain equivalent shares through a partnership with Securitize, with programmable dividends and instant settlement. While memetic and synthetic tokens have taken over blockchain headlines, this is a movement where regulated real-world assets are starting to take root in the cryptocurrency ecosystem.
Tokenization details and how it works
FGNX or FGNXP shareholders can convert their tokens based on ERC-20-like smart contracts on Ethereum. All tokens become real legal ownership and are backed by traditional stock-like rights and CUSIP. This transition will also enable the implementation of on-chain payments without intermediaries and a programmable layer to perform automatic dividend payments, compliance, and voting. All tokens are compliant and comply with SEC requirements regarding disclosure, ownership, and trading.
A company that bridges Wall Street to Ethereum
FG Nexus positions itself as an intermediary between public companies and Ethereum-native treasuries. By the third quarter of 2025, the company has exceeded 50,000 ETH and is actually generating staking revenue and accumulating exposure to the long-term theory of Ethereum. The company sells traditional businesses such as reinsurance. The company focuses on crypto-native initiatives such as asset tokenization, merchant banking, and smart contract payments. Executives such as CEO Kyle Cerminara and head of digital assets Maja Vujinovic see Ethereum as the foundation for a new generation of financial payments. The tokenization movement represents a bet on the future of capital markets based on public blockchains.
Industry and investor reaction
This news has caught the attention of the crypto and traditional finance worlds. Analysts describe FG Nexus as “a MicroStrategy for Ethereum with a two-pronged approach: ETH accretion and token generation and yield tools.” They can now hold compliant stocks in their Web3 wallet and receive dividends automatically without any broker, custodian, or delay.
This relates to broader regulatory trends. Nasdaq has filed an application to tokenize all of its stock as early as 2026, and a growing number of public companies are considering using on-chain payments. FGNX stock has been rising in recent weeks due to the recovery of ETH and the increase in value of tokenized assets. Bulls see this as a portal through which institutions can access Ethereum without the need for specialized knowledge.
