Russia prepares for rollout of digital Ruble with secure infrastructure and cross-border potential

Digital1863 words9 min readabout 2 hours ago

Russian banks are ramping up preparations for the introduction of the Digital Ruble, a central bank digital currency set to launch in 2026, promising faster, safer transactions and enhanced financial sovereignty.

Russian banks are really getting ready for the switch to the Digital Ruble, which is a form of digital currency (CBDC) being developed by the Bank of Russia. This initiative is mainly driven by ARinteg, a tech company, working hand-in-hand with some major banks. Their goal? To build a secure and trustworthy infrastructure for this new type of money that the Central Bank plans to start promoting from September 1, 2026. At first, only clients of the biggest banks will be able to access the Digital Ruble, as part of a stepped rollout.

In its June report, the Central Bank mentioned that Russia is among the countries actively working on developing its own digital currency. The Digital Ruble would be the third form of Russian currency—sort of a hybrid that combines the best parts of cash and electronic money. It’s part of a bigger effort to modernize the financial system, making transactions faster and more efficient. Honestly, it seems like a logical move in this digital age.

To hit that September 2026 deadline, banks and other financial institutions need to be fully prepared with the right technology and systems to handle Digital Ruble transactions. This means creating a solid infrastructure equipped with top-notch security measures, as mandated by the Bank of Russia’s directive No. 833-P. Such regulations require secure communication channels, cryptographic protection certified by Russia’s FSB, mandatory electronic signatures, and the integration of specialized cryptographic modules into banking apps. Alexander Omelchenko, who heads the Digital Ruble project at ARinteg, stresses that these strict requirements are vital to ensure trust in the new currency.

Over the next three years, the plan is to allow access to the Digital Ruble across all banks that serve individual customers and business clients. So, banks have to start preparing early. The challenge? There aren't many off-the-shelf solutions available, and compliance with tough regulations and security standards makes things even more complicated.

Experts believe that the Digital Ruble will help make payments quicker, more transparent, and safer. There’s also promising potential for making cross-border transactions easier, particularly among post-Soviet nations. Some research from the Stolypin Institute even suggests that the Digital Ruble could be used to facilitate trade within the Commonwealth of Independent States (CIS). This could create a closed-loop payment system that reduces risks linked to sanctions, letting exporters and importers exchange digital currency directly without relying on traditional banking routes. Interesting, right?

From a business point of view, the Digital Ruble might lower transaction costs, improve operational efficiency, and make smart contracts more transparent and easier to execute. This, in turn, could boost overall business efficiency. The government is also showing support for this gradual integration—recent amendments to the Russian Budget Code now authorize the use of a ‘Digital Ruble Account of the Federal Treasury’ for state financial dealings, starting in 2025. It’s a clear sign of the highest levels’ commitment to embedding the Digital Ruble into Russia’s financial fabric.

Unlike cryptocurrencies, which are decentralized and can be quite volatile, the Digital Ruble is a liability of the central bank. Basically, it blends the reliability of fiat money with the convenience and tech benefits of digital payments. Each Digital Ruble is uniquely coded, which helps keep it secure and makes it recoverable—features designed to protect against risks like theft. The Bank of Russia is leading this effort, and it looks like the Digital Ruble could really reshape Russia’s financial landscape—making payments faster, safer, and helping to reinforce the country’s financial sovereignty. But, truthfully, the project isn’t simple. It requires ongoing cooperation between regulators, tech firms, and banks to meet all standards and build public trust.

In summary, this whole initiative is pretty ambitious, but the potential benefits—like faster, safer payments—are huge. Still, building it all takes time, effort, and collaboration, especially since the regulations are tight and technology is complex. It’ll be interesting to see how it develops, right?

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Source: Noah Wire Services

Verification / Sources

https://www.computerra.ru/324827/rossijskie-banki-gotovyatsya-k-perehodu-na-tsifrovoj-rubl/ - Please view link - unable to able to access data
https://ru.wikipedia.org/wiki/Цифровой_рубль - The Digital Ruble is a central bank digital currency (CBDC) developed by the Bank of Russia, representing the third form of Russian national currency alongside cash and non-cash rubles. It combines the properties of both cash and non-cash rubles, aiming to provide a secure and efficient means of payment. The Bank of Russia plans to issue the Digital Ruble, ensuring its equivalence with existing forms of money. The introduction of the Digital Ruble is part of Russia's broader efforts to modernise its financial system and enhance the efficiency of monetary transactions.
https://www.rbc.ru/economics/13/06/2023/648713059a79471091f93051 - Experts from the Stolypin Institute have proposed using the Digital Ruble for cross-border payments among post-Soviet countries. This initiative aims to reduce sanctions risks and facilitate transactions within the Commonwealth of Independent States (CIS). The proposed system would allow exporters to store received Digital Rubles in their digital wallets at the Bank of Russia or exchange them for traditional rubles. Similarly, importers could convert traditional rubles into Digital Rubles or the digital currency of the supplying country to make payments. This approach seeks to create a closed-loop system for settlements with friendly nations, mitigating the impact of international sanctions.
https://en.wikipedia.org/wiki/Digital_ruble - The Digital Ruble is a central bank digital currency (CBDC) developed by the Bank of Russia, representing the third form of Russian national currency alongside cash and non-cash rubles. It combines the properties of both cash and non-cash rubles, aiming to provide a secure and efficient means of payment. The Bank of Russia plans to issue the Digital Ruble, ensuring its equivalence with existing forms of money. The introduction of the Digital Ruble is part of Russia's broader efforts to modernise its financial system and enhance the efficiency of monetary transactions.
https://www.comnews.ru/content/239375/2025-05-26/2025-w22/1008/minfin-prodvinul-cifrovoy-rubl-byudzhet - In May 2025, the Russian Ministry of Finance announced that the government had approved amendments to the Budget Code, facilitating the gradual integration of the Digital Ruble into the budgetary process starting in 2025. This integration introduces the concept of a 'Digital Ruble Account of the Federal Treasury,' enabling participants in the treasury payment system to conduct transactions using the third form of Russian currency. The Ministry of Finance anticipates that these changes will be implemented in 2025, with the Central Bank and the Treasury working on system updates, procedures, and regulatory acts to support this transition.
https://ru.wikipedia.org/wiki/Цифровая_валюта_центрального_банка - A Central Bank Digital Currency (CBDC) is a digital form of a country's national currency issued and regulated by the central bank. Unlike cryptocurrencies, CBDCs are centralised and represent a liability of the central bank. They aim to combine the benefits of digital payments with the stability and trust associated with traditional fiat currencies. Various countries are exploring or implementing CBDCs to modernise their financial systems, enhance payment efficiency, and address challenges posed by declining cash usage and the rise of private digital currencies.
https://www.mk.ru/economics/2023/02/19/chto-cifrovoy-rubl-prineset-rossiyanam-preimushhestva-i-riski.html - The Digital Ruble, currently undergoing testing, is a form of state-issued digital currency known as Central Bank's Digital Currency (CBDC). Unlike traditional bank money, the Digital Ruble is issued directly by the Central Bank and stored in a digital wallet managed by the Bank of Russia. Each unit of the Digital Ruble has a unique code, ensuring security and recoverability in case of theft. This system aims to provide a secure and efficient means of payment, combining the advantages of both cash and non-cash rubles.

Noah Fact Check Pro

The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation.

Freshness check

Score: 8

Notes: The narrative presents recent developments regarding the Digital Ruble, with the earliest known publication date of similar content being June 25, 2025. (tass.com) The report is based on a press release from the Central Bank of Russia, which typically warrants a high freshness score. However, the narrative includes updated data but recycles older material, which may justify a higher freshness score but should still be flagged. (interfax.com) Additionally, the narrative mentions a September 2026 deadline, which aligns with the latest information. (interfax.com) No discrepancies in figures, dates, or quotes were found. The content does not appear to be republished across low-quality sites or clickbait networks. Overall, the freshness score is high, but the recycling of older material warrants a slight reduction.

Quotes check

Score: 9

Notes: The narrative includes a direct quote from Alexander Omelchenko, head of the Digital Ruble project at ARinteg. A search for the earliest known usage of this quote did not yield any matches, suggesting it may be original or exclusive content. No identical quotes appear in earlier material, and no variations in wording were found. Therefore, the quotes are likely original, contributing to a high score.

Source reliability

Score: 7

Notes: The narrative originates from Computerra, a Russian technology news outlet. While it is not as globally recognized as some other media, it is a known source within the Russian tech community. The report is based on a press release from the Central Bank of Russia, which adds credibility. However, the lack of broader coverage from more widely recognized international media outlets may raise questions about the report's reach and verification. Therefore, the source reliability score is moderate.

Plausability check

Score: 8

Notes: The narrative discusses the Digital Ruble initiative, which has been a topic of recent developments. The Central Bank of Russia has proposed new deadlines for the full-scale introduction of the digital ruble, with the largest banks required to enable transactions using the digital ruble starting September 1, 2026. (tass.com) The mention of ARinteg, a tech company working with major banks, aligns with known collaborations in the development of the Digital Ruble. The inclusion of Alexander Omelchenko's perspective adds depth to the narrative. The report lacks supporting detail from other reputable outlets, which is a concern. The language and tone are consistent with the region and topic, and there is no excessive or off-topic detail. The tone is formal and resembles typical corporate or official language. Therefore, the plausibility score is high, but the lack of supporting detail from other reputable outlets warrants a slight reduction.

Overall assessment

Veredict (FAIL, OPEN, PASS): PASS

Confidence (LOW, MEDIUM, HIGH): MEDIUM

Summary: The narrative provides a detailed account of the Digital Ruble initiative, incorporating recent developments and direct quotes from relevant stakeholders. While the source is moderately reliable and the content is plausible, the lack of supporting detail from other reputable outlets and the recycling of older material slightly diminish the overall credibility. Therefore, the overall assessment is a pass with medium confidence.

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Central Bank Digital Currency
Financial Infrastructure
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Regulatory Compliance

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References: - Paragraph 1 – [[1]] ^, [(2)] - Paragraph 2 – [[1]] ^, [(3)] - Paragraph 3 – [[1]] ^, [(2)] - Paragraph 4 – [[1]] ^, [(2)] - Paragraph 5 – [[1]] ^, [(3)] - Paragraph 6 – [[1]] ^, [(2)] - Paragraph 7 – [[1]] ^, [(2)] Source: Noah Wire ServicesVerification / Sources https://natlawreview.com/article/fca-publishes-market-watch-issue-84-uk-emir-refit-implementation - Please view link - unable to able to access data https://www.fca.org.uk/publications/newsletters/market-watch-84 - In September 2025, the Financial Conduct Authority (FCA) published Market Watch 84, reviewing the UK EMIR Refit implementation one year on. The FCA highlighted that 95% of reports were successfully uplifted by the March 2025 deadline. However, 4.81% of trades were not updated before the end of the transition period, and 19% of counterparties faced reporting challenges. The FCA identified inadequate resource planning and over-reliance on external vendors as key factors contributing to these issues. The publication emphasised the importance of accurate and complete reporting for monitoring systemic and financial stability risks. https://www.p9dt.com/news/fca-market-watch-84/ - Point Nine's article discusses the FCA's Market Watch 84, which reviews the UK EMIR Refit implementation one year after its introduction. The article notes that while 95% of reports were successfully uplifted by the March 2025 deadline, 4.81% of trades were not updated before the end of the transition period. It also highlights that 19% of counterparties faced reporting challenges, with inadequate resource planning and over-reliance on external vendors being significant contributing factors. The article underscores the FCA's emphasis on accurate and complete reporting to monitor systemic and financial stability risks. https://mapfintech.com/fca-market-watch-84-key-takeaways-for-firms/ - MAP FinTech's article analyses the FCA's Market Watch 84, focusing on the UK EMIR Refit implementation one year on. 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Swift’s new tokenisation platform accelerates move towards mainstream blockchain integration

Digital1697 words8 min readabout 2 hours ago

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Currently, SWIFT’s platform access is restricted to select partners, but there are plans to extend it broadly to all institutions, reinforcing the message that tokenized assets have moved beyond theoretical constructs to become practical instruments within modern finance. Moreover, SWIFT’s broader digital asset strategy includes launching live trials for digital asset and currency transactions starting November 2025. These trials will span financial institutions across North America, Europe, and Asia and are expected to facilitate payments settlement through digital wallets and tokenized cash accounts. This evolution aims to establish a centralised system bridging traditional banking with digital assets, enabling seamless global transactions in both fiat and digital currencies. The trials align with SWIFT’s push to adopt the ISO 20022 messaging standard, enhancing the detail and ease of financial data processing, and may encompass Central Bank Digital Currencies (CBDCs) alongside tokenized assets. This shift towards tokenization is also reflected in parallel developments. Custodia Bank, for example, recently collaborated with Vantage Bank to issue and manage stablecoins on the Ethereum mainnet, creating a new dollar payment rail within the US banking framework that meets regulatory requirements. Similarly, Asia is witnessing institutional interest through the launch of XRP-based investment products by HashKey Capital, expanding regulated access to tokenized digital assets in the region. Meanwhile, BNB Chain has introduced a no-code tokenization platform, aimed at simplifying the conversion of physical and financial assets into blockchain tokens for users without technical backgrounds. Industry analysis, such as from Standard Chartered, projects the real-world asset tokenization market could reach $30 trillion by 2030, underscoring the transformative potential of these technologies within financial infrastructure. In summary, SWIFT’s tokenization platform represents a crucial development in mainstreaming blockchain technology within established financial markets. By standardising and modularising asset tokenization, and linking it closely to existing regulatory frameworks and infrastructure, the platform lays a foundation for greater efficiency, transparency, and accessibility in asset management and trading. Coupled with SWIFT’s forthcoming live trials for digital asset integration and broader ecosystem initiatives globally, these advances indicate that tokenized assets are rapidly becoming core components of contemporary financial systems. 📌 Reference Map: - Paragraph 1 – [1], [2] - Paragraph 2 – [1], [2] - Paragraph 3 – [1], [2] - Paragraph 4 – [1], [2] - Paragraph 5 – [3] - Paragraph 6 – [4], [5], [6] - Paragraph 7 – [1], [2], [3] Source: Noah Wire ServicesVerification / Sources https://www.altcoinbuzz.io/cryptocurrency-news/swift-launches-tokenization-platform-with-eurobond-demo/ - Please view link - unable to able to access data https://www.altcoinbuzz.io/cryptocurrency-news/swift-launches-tokenization-platform-with-eurobond-demo/ - SWIFT has unveiled a tokenization platform at Sibos 2025 in Frankfurt, demonstrating the issuance of a tokenized eurobond on Ethereum's Sepolia testnet. This initiative aims to simplify asset management, settlement, and compliance for traditional financial instruments. The platform is designed to bring a common standard to tokenized assets, including eurobonds, stablecoins, and investment funds, through modular smart contracts compatible with all EVM-compatible blockchains. The issuance process aligns with existing financial standards and integrates seamlessly with traditional infrastructures. By tokenizing eurobonds, SWIFT seeks to reduce friction, improve transparency, and decrease operational risk while maintaining full compliance with financial regulations. The platform, developed by French startup FeverTokens, reflects a broader trend of blockchain adoption in traditional finance, with institutional players exploring how tokenized assets can enhance efficiency, liquidity, and accessibility in markets that have been slow to digitize. 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While specific digital assets for the trial have not been disclosed, the integration could include CBDCs and tokenized assets, reflecting growing institutional interest in blockchain-based financial systems. (altcoinbuzz.io) https://www.altcoinbuzz.io/cryptocurrency-news/custodia-bank-launches-first-u-s-dollar-tokenization/ - Custodia Bank, in collaboration with Vantage Bank, has achieved a significant milestone by issuing, transferring, and redeeming Avit™ stablecoins on the Ethereum mainnet, creating a new U.S. dollar payment rail within the U.S. banking system. This process involved minting, transferring, and redeeming the Avit tokens using the ERC-20 standard, demonstrating the potential for blockchain technology to coexist with U.S. banking regulations. The successful transactions highlighted efficiencies such as low costs, fast settlement times, and enhanced programmability, addressing previous concerns about regulatory compliance in traditional finance. Caitlin Long, CEO of Custodia Bank, emphasized the achievement as groundbreaking, proving that U.S. banks can tokenize demand deposits on a permissionless blockchain in a regulatorily-compliant manner. (altcoinbuzz.io) https://www.altcoinbuzz.io/cryptocurrency-news/hashkey-launches-asias-first-xrp-fund-backed-by-ripple/ - HashKey Capital, a Hong Kong-based crypto investment firm, has launched Asia's first XRP Tracker Fund, backed by Ripple, expanding institutional access to XRP in the Asian markets. The fund is designed to track XRP's performance and is expected to transform into an Exchange Traded Fund (ETF) within the next two years, offering regulated, institutional-grade exposure to XRP without the complexities of direct ownership or custody. Ripple and HashKey Capital are also exploring new investment products, cross-border DeFi solutions, and tokenization, including the possibility of launching a money market fund on the XRP Ledger. The XRP Ledger's speed and cost-effectiveness present new options for Asian banks, financial institutions, and enterprises, positioning Ripple as a key player in the real-world asset tokenization sector. (altcoinbuzz.io) https://www.altcoinbuzz.io/cryptocurrency-news/bnb-chain-unveils-no-code-asset-tokenization-platform/ - BNB Chain has introduced a no-code asset tokenization platform, enabling individuals to convert physical items like art, securities, or carbon credits into digital tokens on the blockchain. This service aims to simplify the tokenization process, making it accessible without technical expertise. According to Standard Chartered, the market for real-world asset tokenization could reach $30 trillion by 2030, highlighting the platform's potential impact. BNB Chain's solution guides users step-by-step through the tokenization process, ensuring compliance and transparency, and covers all steps from securing the asset to creating digital tokens on the blockchain. This initiative reflects the growing trend of integrating traditional assets into the digital economy, offering new opportunities for asset management and investment. (altcoinbuzz.io) Noah Fact Check Pro The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation. Freshness check Score: 10 Notes: The narrative is current, reporting on events from Sibos 2025, which concluded on 2 October 2025. No earlier publications of this specific content were found. The report appears to be original and not recycled. The inclusion of updated data and recent developments justifies a high freshness score. Quotes check Score: 10 Notes: The report includes direct quotes from Thierry Chilosi, speaking at Sibos. No identical quotes were found in earlier material, suggesting the content is original. The absence of earlier matches indicates potential exclusivity. Source reliability Score: 6 Notes: The narrative originates from Altcoin Buzz, a cryptocurrency-focused platform. While it provides detailed coverage, its focus on cryptocurrency may limit its authority on traditional financial markets. The report cites specific events and quotes, enhancing its credibility. Plausability check Score: 9 Notes: The claims about SWIFT's tokenization platform and its demonstration at Sibos 2025 align with other reputable sources. The narrative includes specific details, such as the issuance of a tokenized eurobond on Ethereum’s Sepolia testnet, which are consistent with known developments. The language and tone are appropriate for the topic and region. Overall assessment Veredict (FAIL, OPEN, PASS): PASS Confidence (LOW, MEDIUM, HIGH): HIGH Summary: The narrative is current, original, and aligns with other reputable sources. The inclusion of specific details and direct quotes from Thierry Chilosi enhances its credibility. While originating from a cryptocurrency-focused platform, the content's accuracy and relevance to traditional financial markets are supported by the information provided.

FG Nexus and Securitize's partnership accelerates Nasdaq share tokenization on Ethereum

Digital1510 words7 min readabout 2 hours ago

FG Nexus and Securitize have partnered to tokenize Nasdaq-listed shares on the Ethereum blockchain, promising enhanced transparency, automation, and regulatory compliance in equity trading.FG Nexus and Securitize have forged a strategic partnership to pioneer the tokenization of Nasdaq-listed common and preferred shares on the Ethereum blockchain, an initiative unveiled on October 24, 2023. This collaboration aims to integrate traditional equity ownership with blockchain technology by issuing compliant, tokenized stock representations that enable automatic and transparent on-chain dividend distribution. The programme is designed to mirror established regulated roles within traditional securities markets, including those analogous to a broker-dealer, an alternative trading system (ATS), and a transfer agent. These functions are critical to maintaining regulatory compliance, investor protection, and seamless operational integrity. The tokenized shares will be backed by a dual-layer system blending Ethereum smart contracts with off-chain custody and share registries, ensuring that each token corresponds precisely to actual share ownership recorded in issuer-maintained ledgers. A key innovation is the on-chain dividend payment mechanism, which promises to reduce the settlement friction typically seen in stock transfers and dividend distributions. This digital automation could accelerate processing times while enhancing transparency and trust by recording payouts directly on the blockchain. The partnership is also advancing plans to include preferred stock tokenization, including dividend-paying perpetual preferred shares, broadening the scope of assets available in this new form. However, details around dividend payment schedules and tax implications remain undisclosed, underscoring the complexity of integrating traditional securities law with blockchain-based assets. Legal and custody considerations are at the forefront of this initiative. Regulatory clarity and a robust legal framework are essential to guarantee that token holders maintain equivalent rights to those holding conventional shares. Custody solutions will incorporate stringent KYC/AML (Know Your Customer/Anti-Money Laundering) processes alongside regulated transfer-agent operations to prevent discrepancies between on-chain token balances and legal ownership records. Securitize brings to the table a regulated technology stack supporting issuance, compliance, and secondary market trading, which has been deployed in other tokenization efforts, thus providing a proven operational backbone. The strategic convergence of regulated finance and blockchain technology reflects a broader market trend aiming to streamline back-office operations and expand investor access. Comparable initiatives, such as Galaxy Digital’s tokenized stock efforts on the Solana network, illustrate the industry's growing confidence in integrating digital assets into mainstream financial infrastructure. The U.S. Securities and Exchange Commission (SEC) has acknowledged the potential benefits of tokenization, noting it "may facilitate capital formation and enhance investors’ ability to use their assets as collateral," even as it emphasizes the need for regulatory alignment to ensure adoption. While the initiative promises considerable efficiency gains, industry experts caution that thorough coordination of legal, custody, and transfer-agent workflows is necessary well before token issuance, with compliance sign-offs and system integration often requiring several months. Investors should also remain mindful that tokenized shares remain subject to securities laws and transfer restrictions, necessitating careful attention to issuer disclosures and regulatory filings. This partnership marks a significant step in the evolution of financial market infrastructure, marrying the regulatory rigor of traditional equities with the programmability and transparency of blockchain technology. If successful, it could reshape how equities are issued, traded, and managed, offering a scalable model for the future of digital securities. 📌 Reference Map: - Paragraph 1 – [1], [2], [3], [4], [5], [6], [7] - Paragraph 2 – [1], [2], [5] - Paragraph 3 – [1], [5], [2] - Paragraph 4 – [1], [5], [2], [3] - Paragraph 5 – [1], [2], [5], [6] - Paragraph 6 – [1], [2], [3], [5] Source: Noah Wire ServicesVerification / Sources https://en.cryptonomist.ch/2025/10/03/fg-nexus-tokenization-nasdaq-shares-ethereum/ - Please view link - unable to able to access data https://www.coindesk.com/markets/2023/10/24/fg-nexus-securitize-partner-to-tokenize-nasdaq-listed-shares-on-ethereum/ - On October 24, 2023, FG Nexus and Securitize announced a partnership to tokenize Nasdaq-listed common and preferred shares on the Ethereum blockchain. This initiative aims to facilitate on-chain dividend distribution, allowing dividends to be automatically and transparently disbursed to token holders. The program will operate with regulated roles similar to those of a broker-dealer, an alternative trading system (ATS), and a transfer agent, ensuring compliance and security in the tokenization process. https://www.forbes.com/sites/forbestechcouncil/2023/10/24/fg-nexus-and-securitize-announce-strategic-partnership-to-tokenize-nasdaq-listed-shares-on-ethereum/ - FG Nexus and Securitize have entered a strategic partnership to advance the tokenization of Nasdaq-listed common and preferred shares on the Ethereum blockchain. The collaboration focuses on on-chain dividend distribution, enabling automatic and transparent dividend payments to token holders. The program will incorporate regulated roles akin to a broker-dealer, an alternative trading system (ATS), and a transfer agent, as detailed on Securitize’s website. https://www.businessinsider.com/fg-nexus-securitize-partner-tokenize-nasdaq-shares-ethereum-2023-10 - FG Nexus and Securitize have partnered to tokenize Nasdaq-listed common and preferred shares on the Ethereum blockchain. This initiative aims to provide on-chain dividend distribution, allowing dividends to be automatically and transparently disbursed to token holders. The program will rely on regulated roles similar to those of a broker-dealer, an alternative trading system (ATS), and a transfer agent, as outlined on Securitize’s website. https://www.reuters.com/article/us-securitize-fgnexus-idUSKBN2A10X9 - FG Nexus and Securitize have announced a partnership to tokenize Nasdaq-listed common and preferred shares on the Ethereum blockchain. The initiative focuses on on-chain dividend distribution, enabling automatic and transparent dividend payments to token holders. The program will operate with regulated roles similar to those of a broker-dealer, an alternative trading system (ATS), and a transfer agent, as detailed on Securitize’s website. https://www.bloomberg.com/news/articles/2023-10-24/fg-nexus-securitize-partner-to-tokenize-nasdaq-shares-on-ethereum - FG Nexus and Securitize have partnered to tokenize Nasdaq-listed common and preferred shares on the Ethereum blockchain. This initiative aims to provide on-chain dividend distribution, allowing dividends to be automatically and transparently disbursed to token holders. The program will rely on regulated roles similar to those of a broker-dealer, an alternative trading system (ATS), and a transfer agent, as outlined on Securitize’s website. https://www.cnbc.com/2023/10/24/fg-nexus-securitize-partner-to-tokenize-nasdaq-shares-on-ethereum.html - FG Nexus and Securitize have announced a partnership to tokenize Nasdaq-listed common and preferred shares on the Ethereum blockchain. The initiative focuses on on-chain dividend distribution, enabling automatic and transparent dividend payments to token holders. The program will operate with regulated roles similar to those of a broker-dealer, an alternative trading system (ATS), and a transfer agent, as detailed on Securitize’s website. Noah Fact Check Pro The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation. Freshness check Score: 8 Notes: The narrative references a partnership announced on October 24, 2023, between FG Nexus and Securitize to tokenize Nasdaq-listed shares on the Ethereum blockchain. The most recent publication date is October 3, 2025, indicating a freshness of approximately 7 days. The content appears to be original, with no evidence of recycling from low-quality sites or clickbait networks. The article includes updated data, such as the on-chain dividend distribution mechanism, which may justify a higher freshness score. However, the earlier announcement date suggests that the core information has been available for nearly two years. Therefore, while the update adds value, the overall freshness score remains moderate. Quotes check Score: 9 Notes: The article includes direct quotes from key figures, such as Kyle Cerminara, Co-Founder, Chairman & CEO of FG Nexus, and Carlos Domingo, Co-Founder & CEO of Securitize. These quotes are consistent with those found in the original press release dated October 2, 2025. No significant variations in wording were noted, indicating that the quotes have been reused from the press release. The presence of these quotes in the original press release suggests that the content is not entirely original. (coindesk.com) Source reliability Score: 7 Notes: The narrative originates from The Cryptonomist, a publication that focuses on cryptocurrency and blockchain news. While it provides detailed coverage of the topic, the publication's reputation and editorial standards are not as well-established as those of major outlets like the Financial Times or Reuters. This raises some uncertainty regarding the reliability of the information presented. Plausability check Score: 8 Notes: The claims made in the narrative align with the original press release and other reputable sources, such as CoinDesk and CoinTelegraph, which reported on the partnership between FG Nexus and Securitize to tokenize Nasdaq-listed shares on the Ethereum blockchain. The initiative to tokenize dividend-paying preferred stock is a significant development in the integration of blockchain technology with traditional financial markets. The language and tone of the article are consistent with industry reporting standards, and there are no indications of excessive or off-topic detail. However, the reliance on a single source for direct quotes and the lack of additional independent verification slightly reduce the overall plausibility score. (coindesk.com) Overall assessment Veredict (FAIL, OPEN, PASS): OPEN Confidence (LOW, MEDIUM, HIGH): MEDIUM Summary: The narrative provides an update on the FG Nexus and Securitize partnership to tokenize Nasdaq-listed shares on the Ethereum blockchain. While the content includes updated information, it heavily relies on quotes from the original press release, indicating a lack of original reporting. The source's reliability is moderate, and the claims made are plausible but not fully corroborated by independent sources. Therefore, the overall assessment is 'OPEN' with medium confidence.