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Jia Yueting's invested public company QLGN has been renamed AIxCrypto and will engage in stock tokenization business.
According to Mars Finance, on November 21, Faraday Future announced that QLGN, a Nasdaq-listed company in which it has made a strategic investment, has been renamed AIxCrypto (AIXC) and has 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.