aixcrypto

According to PR Newswire, Nasdaq-listed company AIxCrypto (AIXC) announced plans to invest $10 million in Faraday Future through the purchase of common stock. AIxCrypto intends to use these shares as the underlying asset for its first tokenized equity product.It is reported that AIxCrypto was formerly known as QLGN, which rebranded and transformed into a crypto and Web3 business platform last November, focusing on stock tokenization RWA business.

According to PRNewswire, Nasdaq-listed company AIxCrypto (AIXC) announced plans to invest $10 million in Faraday Future through the purchase of common stock. AIxCrypto intends to use these shares as the underlying asset for its first tokenized equity product.It is reported that AIxCrypto was formerly known as QLGN, which rebranded and transformed into a crypto and Web3 business platform last November, focusing on the tokenization of stocks and RWA business.

Faraday Future announced that QLGN has been renamed to AIxCrypto (AIXC) and unveiled three new major businesses. Among them, AIXC will engage in stock tokenization RWA business, with the first project being the stock tokenization of FFAI. The company plans to purchase $5 million worth of FFAI stock through an independent third party, helping Faraday Future secure Web3 financing at a lower cost than Web2.

Faraday Future founder Jia Yueting tweeted that QLGN, the Nasdaq-listed company that FFAI strategically invested in, will be renamed AIxCrypto (AIXC) before November 20, and a Nasdaq renaming and stock code change ceremony will be held. In addition, all proposals from current QLGN shareholders have been approved, making FF the controlling and majority shareholder.