QLGN, a listed company in which Jia Yueting invested, has been renamed AIxCrypto and will launch a stock tokenization business.

According to Odaily Planet Daily, Faraday Future announced that QLGN, a Nasdaq-listed company in which FFAI has made a strategic investment, has changed its name to AIxCrypto (AIXC) and announced three new business lines.

AIXC will launch its stock-to-cryptocurrency RWA business, with the first project being the stock-to-cryptocurrency of FFAI. The company plans to purchase $5 million worth of FFAI stock through an independent third party to help Faraday Future secure Web3 funding at a lower cost than Web2 funding.