Nasdaq invests 10 million in Faraday Future, the first tokenized equity product is coming

Nasdaq-listed company AIxCrypto announces plans to invest $10 million to purchase common stock of Faraday Future and intends to use these shares as the underlying assets for its first tokenized equity product. This move marks AIxCrypto’s advancement of its RWA strategy, connecting traditional capital markets and on-chain economy through blockchain technology. It is also the first attempt to bring tokenized equity products into practical application.

From Transformation to Implementation, AIxCrypto’s Strategy Accelerates

AIxCrypto’s investment is not an isolated event but a concrete reflection of its strategic transformation. According to the latest news, AIxCrypto was formerly QLGN, which completed a name change and officially transitioned into a crypto and Web3 business platform in November 2025, focusing on stock tokenization and RWA business.

The name update and specific investment action occurred just two months apart. This indicates that AIxCrypto is executing its RWA track very quickly. Choosing Faraday Future as the underlying asset for its first tokenized equity product also makes sense—Faraday Future is an electric vehicle company with innovative attributes and market attention, making it easier to attract on-chain investors.

What Does Tokenized Equity Product Mean?

According to relevant information, AIxCrypto plans to tokenize Faraday Future’s $10 million shares, which is a noteworthy innovation:

A New Channel for Traditional Assets Entering the On-Chain World

Tokenized equity products allow the equity of traditional listed companies to circulate on the blockchain. Investors no longer need to go through traditional brokers but can directly trade these tokenized shares on-chain, significantly lowering trading barriers and costs.

Practical Application in the RWA Track

RWA (Real-World Assets) has always been an important direction for blockchain applications, but most projects remain at the theoretical or small-scale trial stage. AIxCrypto’s move turns the concept of tokenized equity into a real product.

Risks and Uncertainties

It should be noted that, according to information, this investment agreement is a “non-binding letter of intent,” which means the transaction is not yet finalized and still subject to change.

Future Development Possibilities

If this tokenized equity product successfully lands, it could open up several new possibilities:

• More Listed Companies Participating: Other listed companies may follow suit by tokenizing their shares, providing new asset classes for on-chain investors.
• Exchange and Wallet Upgrades: On-chain infrastructure needs to be upgraded to support more complex equity trading and compliance requirements.
• Regulatory Framework Improvement: Such products involve the intersection of traditional financial regulation and crypto regulation, making future regulatory clarity crucial.
• Institutional Investor Entry: The emergence of tokenized equity products could attract more institutional investors into the on-chain market.

Summary

AIxCrypto’s $10 million investment signals that the RWA track is moving from theory to practice. By tokenizing Faraday Future’s equity, AIxCrypto is attempting to build a bridge between traditional capital markets and the on-chain economy. Although the non-binding nature of the letter of intent introduces some uncertainty, the direction itself is worth关注. If successful, tokenized equity products could become an important application of RWA, attracting more traditional assets into the blockchain ecosystem. Future attention should be given to the official launch time of this product and market response.