Stock Groups

Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain -Breaking

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© Reuters

Enegra Group, a Malaysian commodities trading business, has migrated its equity tied EGX security to tokens to Polygon (MATIC).ETH(). Energra tokenized all of its equity in 2019 to allow shareholders digitally access their voting, dividend, and governance rights. Both initial tokenization as well as token migration took place. FacilitatedTokeny is an Asset Tokenization and Compliance Infrastructure Provider.

Matthew Averay (Managing Director and CEO of Enegra) stated: