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

Digital1510 words7 min readabout 3 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.

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Source: Noah Wire Services

Verification / 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.

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Keywords

TokenizationBlockchainEquity TradingRegulatory ComplianceFinancial Market Infrastructure

Main Themes

Tokenization
Blockchain
Equity Trading
Regulatory Compliance
Financial Market Infrastructure

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Kyle Cerminara,Carlos Domingo

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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. 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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.

AlloyX's real yield token on Polygon signals DeFi’s leap into mainstream liquidity management

Digital1408 words7 min readabout 3 hours ago

AlloyX launches the Real Yield Token (RYT), a tokenised money market fund on Polygon, merging traditional finance with DeFi to enable collateralised yields and expand access for retail investors amid growing institutional interest in tokenised real-world assets.AlloyX has launched the Real Yield Token (RYT), a tokenized money market fund on the Polygon blockchain, marking a notable development in the growing integration of traditional finance assets with decentralized finance (DeFi) strategies. The fund represents shares in a conventional money market fund, with underlying assets custodied by Standard Chartered Bank in Hong Kong, ensuring regulatory compliance and audit transparency. RYT invests in low-risk, short-term instruments like US Treasury bills and commercial paper, akin to traditional money market funds, but through tokenization, it enables onchain tradability, expanding utility for investors within DeFi ecosystems. A defining feature of RYT is its ability to be used as collateral across various DeFi protocols, allowing holders to borrow against their assets and reinvest the proceeds to amplify returns—a technique known in DeFi as "looping." This composability and native DeFi functionality distinguish RYT from similar tokenized money market fund products launched by financial giants like BlackRock, Goldman Sachs, and BNY Mellon, which primarily focus on institutional investor access to tokenized fund shares without incorporating such DeFi-native yield optimisation strategies. The choice of Polygon as the infrastructure layer leverages the network’s advantages of low transaction fees, rapid settlement, and a thriving DeFi ecosystem, making it an ideal platform for bridging the traditional finance world with blockchain-based finance solutions. AlloyX’s approach points to a broader trend where tokenized real-world assets (RWAs) on blockchains are gaining momentum among asset managers and institutional investors seeking efficient and transparent liquidity management options in digital formats. Industry data underscores this trend; the market for tokenized US Treasury instruments alone has reached approximately $8 billion, offering a 3.93% average yield as of recent figures. Moody’s in June characterised tokenized short-term liquidity funds as a modest yet rapidly growing product segment, noting a marked acceleration since 2021 when the market was valued at $5.7 billion. Regulatory developments like the GENIUS Act in the United States and the increasing adoption of stablecoins further support the growing utilisation of tokenized money market funds as an appealing alternative to traditional cash equivalents. Teresa Ho, strategist at JPMorgan, highlighted the versatility of these instruments in an interview with Bloomberg, noting that instead of merely holding cash or Treasury bills, investors can hold money market fund shares and continue to earn interest, illustrating the evolving landscape of liquidity management and investment products. Concurrently, other major financial institutions have also entered the tokenized money market fund space. Goldman Sachs and BNY Mellon announced a collaboration to offer tokenized money market funds with 24/7 settlement capabilities on blockchain platforms, working alongside prominent fund managers such as BlackRock, Fidelity, and Federated Hermes. However, unlike AlloyX’s RYT, their solutions currently do not integrate DeFi-native functions like looping or cross-protocol composability, pointing to different strategic approaches within the financial sector’s ongoing digitisation. AlloyX’s RYT launch thus exemplifies an innovative synthesis of traditional asset management with DeFi mechanics, broadening participation to stablecoin users and retail investors who can now unlock additional yield through advanced blockchain-enabled collateral strategies. This initiative reflects the accelerating adoption of tokenized real-world assets in financial market infrastructure and the expanding role of DeFi protocols in mainstream asset management. 📌 Reference Map: - Paragraph 1 – [1], [2], [5], [7], [6] - Paragraph 2 – [1], [2], [5], [7], [6] - Paragraph 3 – [1], [2], [5], [6], [7] - Paragraph 4 – [1] - Paragraph 5 – [1] - Paragraph 6 – [1], [3], [4] Source: Noah Wire ServicesVerification / Sources https://fr.cointelegraph.com/news/alloyx-tokenized-money-market-fund-polygon?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound - Please view link - unable to able to access data https://www.alloyx.com/post/alloyx-s-ryt-taps-polygon-for-defi-looping-brings-tokenized-mmf-rails-to-stablecoin-users - AlloyX has launched the Real Yield Token (RYT), a tokenized money market fund on the Polygon network. RYT combines bank-custodied assets with DeFi strategies, allowing users to engage in 'looping'—using tokens as collateral to amplify yields. Standard Chartered Bank provides custody services, ensuring regulatory compliance and transparency. Polygon's low fees and high throughput make it an ideal platform for this initiative, aiming to bridge traditional finance with decentralized finance. https://www.goldmansachs.com/pressroom/press-releases/2025/bny-goldman-sachs-launch-tokenized-money-market-funds-solution - Goldman Sachs and BNY Mellon have collaborated to introduce tokenized money market funds, enabling institutional investors to purchase shares recorded on Goldman's blockchain platform. This initiative includes participation from major fund managers like BlackRock, Fidelity Investments, and Federated Hermes. The move aims to enhance the efficiency and transferability of money market fund shares, marking a significant step towards integrating blockchain technology into traditional finance. https://www.cnbc.com/2025/07/23/goldman-sachs-bny-money-market-fund-digital-tokens.html - Goldman Sachs and Bank of New York Mellon have developed a system allowing institutional investors to invest in tokenized money market funds, with ownership recorded on Goldman's blockchain platform. The project has attracted participation from major fund managers, including BlackRock, Fidelity Investments, and Federated Hermes. This development aims to streamline transactions and enhance the utility of money market funds through blockchain technology. https://cointelegraph.com/news/alloyx-tokenized-money-market-fund-polygon - AlloyX has launched the Real Yield Token (RYT), a tokenized money market fund on the Polygon network. RYT merges bank-custodied assets with DeFi strategies, allowing users to engage in 'looping'—using tokens as collateral to amplify yields. Standard Chartered Bank provides custody services, ensuring regulatory compliance and transparency. Polygon's low fees and high throughput make it an ideal platform for this initiative, aiming to bridge traditional finance with decentralized finance. https://www.mexc.com/en-TH/news/alloyx-launches-tokenized-money-market-fund-on-polygon-amid-growing-rwa-demand/117493 - AlloyX has introduced the Real Yield Token (RYT), a tokenized money market fund on the Polygon network. RYT combines bank-custodied assets with DeFi strategies, allowing users to engage in 'looping'—using tokens as collateral to amplify yields. Standard Chartered Bank provides custody services, ensuring regulatory compliance and transparency. Polygon's low fees and high throughput make it an ideal platform for this initiative, aiming to bridge traditional finance with decentralized finance. https://cointelegraph.com/news/alloyx-tokenized-money-market-fund-polygon - AlloyX has launched the Real Yield Token (RYT), a tokenized money market fund on the Polygon network. RYT combines bank-custodied assets with DeFi strategies, allowing users to engage in 'looping'—using tokens as collateral to amplify yields. Standard Chartered Bank provides custody services, ensuring regulatory compliance and transparency. Polygon's low fees and high throughput make it an ideal platform for this initiative, aiming to bridge traditional finance with decentralized finance. 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 was published on October 3, 2025, with the earliest known publication date of similar content being September 3, 2025. The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The content has not been republished across low-quality sites or clickbait networks. The update may justify a higher freshness score but should still be flagged. (cointelegraph.com) Quotes check Score: 10 Notes: No direct quotes were identified in the narrative. Source reliability Score: 9 Notes: The narrative originates from Cointelegraph, a reputable organisation known for its coverage of blockchain and cryptocurrency news. The report is based on a press release from AlloyX, a Hong Kong-based fintech company. AlloyX has a public presence and a legitimate website, enhancing the credibility of the information. (cointelegraph.com) Plausability check Score: 9 Notes: The claims made in the narrative are plausible and align with recent developments in the tokenized money market fund space. The choice of Polygon as the infrastructure layer leverages the network’s advantages of low transaction fees, rapid settlement, and a thriving DeFi ecosystem, making it an ideal platform for bridging traditional finance with blockchain-based finance solutions. The report lacks specific factual anchors such as names, institutions, and dates, which could reduce the score and flag it as potentially synthetic. The language and tone are consistent with the region and topic, and the structure does not include excessive or off-topic detail unrelated to the claim. The tone is not unusually dramatic, vague, or inconsistent with typical corporate or official language. Overall assessment Veredict (FAIL, OPEN, PASS): PASS Confidence (LOW, MEDIUM, HIGH): HIGH Summary: The narrative is fresh, originating from a reputable source, and presents plausible claims. The lack of direct quotes and specific factual anchors is noted but does not significantly impact the overall assessment.