FG Nexus has secured $200 million in funding to establish Ethereum as its core treasury reserve asset while launching dedicated staking operations. The Nasdaq-listed firm simultaneously announced a corporate rebranding to FG Nexus Inc., with new stock tickers FGNX and FGNXP expected to commence trading shortly.
Strategic partnerships have been formed to execute this digital asset initiative. Galaxy Digital will oversee Ethereum custody management and provide advisory services, while Kraken will facilitate institutional-grade staking solutions and treasury management operations. Funding participation includes Syncracy Capital, Digital Currency Group, Hivemind Capital, and Kenetic.
Leadership appointments accompany this strategic shift, including Maja Vujinovic as CEO of Digital Assets. Theodore Rosenthal and Jose Vargas will direct other critical operational divisions within the reorganized corporate structure.