QLGN, a listed company in which Jia Yueting invested, has been renamed AIxCrypto and will launch a stock tokenization business.
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TL;DR
QLGN, a Nasdaq-listed firm invested in by Jia Yueting, has rebranded as AIxCrypto and will start a stock tokenization business. Its first project involves tokenizing FFAI stock, aiming to raise $5 million for lower-cost Web3 funding.
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RWA TokenQLGNAIxCryptostock tokenizationRWAFaraday Future
According to Mars Finance, on November 21st, Faraday Future announced that QLGN, a Nasdaq-listed company strategically invested in by FFAI, has changed its name to AIxCrypto (AIXC) and unveiled three new business lines. Among these, AIXC will launch a stock tokenization RWA business, with its first project being the tokenization of FFAI stock. The company plans to purchase $5 million worth of FFAI stock through an independent third party in its initial offering, helping Faraday Future secure Web3 funding at a lower cost than Web2 funding.