FG Nexus announces launch of Ethereum financial strategy and establishment of trust fund FG CVR Trust

According to Odaily Planet Daily, Nasdaq-listed Fundamental Global announced that it will change its name to FG Nexus after completing a definitive agreement for a $200 million private placement financing. This will better support its Ethereum-based financial strategy, focusing on blockchain innovation and the tokenized real-world asset (RWA) market. Additionally, the company has established a trust fund, FG CVR Trust, in Delaware to monetize and distribute proceeds from the liquidation of legacy assets and businesses. (Globenewswire)