📣 Fundamental Global (Nasdaq: FGF) changed its name to FG Nexus and raised $200 million from Galaxy Digital, Kraken, DCG, and other investors to accumulate Ether as a primary reserve asset.
💼 Meanwhile, Brazilian company VERT Capital, specializing in structuring loans and securitization, plans to tokenize up to $1 billion of debt and receivables on the XDC Network blockchain over 30 months.
ℹ️ As part of the deal, corporate debts, agricultural receivables, and structured credit products will be transferred to the blockchain. Among VERT's clients are Cargill, Santander, and Raízen. Earlier in July, the company launched a lending protocol on the XRP Ledger with the issuance of an agricultural business certificate (CRA) worth $130 million.
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