Fg Nexus Inc. · NASDAQ:FGNX
Fg Nexus — Investor Presentation (December 2025)
20 slides from Fg Nexus's investor presentation, December 2025
Slide 1: The Ethereum Treasury Company
Ethereum’s Next Decade The Ethereum Treasury Company ETH Accumulation. Yield Generation. Real-World Asset Tokenization. fgnexus.io | Ticker: FGNX December 2025
Slide 2: Disclaimers
Disclaimers This document has been prepared on the basis of information provided by Fundamental Global Inc. (the "Company") and publicly available information and may not contain all of the information that you consider necessary for an investment decision. The Company files annual reports on form 1
Slide 3: Forward-Looking Statements
Forward-Looking Statements This Presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are therefore
Slide 4: We are building a leading capital markets vehicle dedicated to accumulation and on-chain yield
We are building a leading capital markets vehicle dedicated to accumulation and on-chain yield generation for the next decade of Ethereum (ETH). This is Ethereum’s MicroStrategy moment, but with staking yield, programmable money, and RWA tokenization. 4
Slide 5: Leadership: Digital asset Pioneers and Wall Street Dealmakers
Leadership: Digital asset Pioneers and Wall Street Dealmakers Maja Vujinovic Kyle Cerminara, CFA Joe Moglia Larry Swets, CFA Jose Vargas Theodore Rosenthal CEO,, Digital Assets Co-Founder, Chairman & CEO Co-Founder & Executive Advisor CEO, Merchant Banking Director, Senior Advisor President, Digital
Slide 6: 12+ years at the frontier of digital assets, grounded in Wall Street
12+ years at the frontier of digital assets, grounded in Wall Street 6
Slide 7: FGNX provides investors a compliant, yield-enhanced vehicle to capture this systemic shift
FGNX provides investors a compliant, yield-enhanced vehicle to capture this systemic shift Why now Why FGNX Ethereum is the next Compliant, public equity exposure to ETH; An • Ethereum powers >60% of stablecoins, an settlement layer for alternative that can outperform ETFs or exploding $270B market
Slide 8: Management pioneered Ethereum initiatives 10 years ago. Now we monetize
Management pioneered Ethereum initiatives 10 years ago. Now we monetize to deliver what we expect to be exponential shareholder value FG Nexus will deploy a scalable treasury model to acquire, stake, and leverage ETH — delivering USD equity-like exposure with multilayer yield and Ethereum-native ups
Slide 9: Our exponential pillars to compound ETH per share
Our 5 exponential pillars to compound ETH per share Together with our partners Tokenization Infrastructure Capture value as trillions in bonds, equities, and real Stablecoin assets migrate to Settlement Layer Ethereum. Support the rails behind Strategic U.S. billions in daily stablecoin 5 Reserve As
Slide 10: Ethereum (Treasury Company)
Ethereum (Treasury Company)
Slide 11: We believe that Ethereum will become the world's most important monetary and settlement asset
We believe that Ethereum will become the world’s most important monetary and settlement asset, enabling the global on-chain economy Stablecoins: Ethereum’s Tokenization: >55% of biggest asset Public good: As a global reserve 1 2 3 $270B “killer app” migration in history is happening on asset & settl
Slide 12: Ethereum flywheel: The more valuable ETH becomes, the more secure and useful the network becomes
Ethereum flywheel: The more valuable ETH becomes, the more secure and useful the network becomes Ethereum exhibits positive price-utility feedback. Enables higher-value use cases attracting more institutional capital Higher network usage results in increased demand for ETH Increased demand raises pr
Slide 13: Ethereum offers what Bitcoin cannot: productive yield
Ethereum offers what Bitcoin cannot: productive yield Ethereum is a productive Total staked ETH over time vs. ETH price (in USD) asset: 5k 66M ETH staked 60M 3-4% staking yield 4k 50M Deflationary token economics 40M through burn mechanism 3k 30M Access to tokenized RWA yields 2k 20M and DeFi protoc
Slide 14: Ethereum is already the chosen platform for institutions with trillions $ coming on-chain
Ethereum is already the chosen platform for institutions with trillions $ coming on-chain Franklin Templeton has expanded its presence Tether is the undisputed leader in A leading decentralized insurance Coinbase, Kraken, and Revolut are on Ethereum by launching the Ethereum ETF stablecoins, with ov
Slide 15: Why FGNX: ETH exposure with equity leverage, yield, and NAV premium
Why FGNX: ETH exposure with equity leverage, yield, and NAV premium 1 Equity Wrapper = Access + Premium 3 More Upside Than ETFs Shareholder benefits The treasury company stock • Simple, familiar security for institutions • Operating business unlocks new lines: • Equity vehicles historically trade at
Slide 16: A model proven by MSTR; FGNX is positioned to repeat this with ETH
A model proven by MSTR; FGNX is positioned to repeat this with ETH USD 9/13/20 7/17/25 MoM BTC 26,400 118,617 4.5x MSTR 16 453.8 28.4x 10/10/2023 7/17/25 MoM BTC 31,953 118,617 3.7x MSTR 20 1,349 67.5x Jul 2024 Jul 2025 Jul Source: Google Finance 16
Slide 17: Compounding ETH per share
Compounding ETH per share FGNX has begun to deploy a scalable treasury model to acquire, stake, and leverage ETH — delivering equity-like exposure with multi-layer yield and Ethereum-native upside Institutional Exposure Capital Markets Amplifying Ethereum’s Market Leadership & with Yield Advantage N
Slide 18: FGNX is positioned to tokenize institutional-grade RWAs
FGNX is positioned to tokenize institutional-grade RWAs Starting with reinsurance, bringing real- Case Study: Tokenized Reinsurance world cash flows onto Ethereum Turns illiquid assets into Tokenization Model Investor Impact yield-bearing tokens • Risk tranches as smart • Access ETH-native real yiel
Slide 19: FGNX is the most strategic ETH exposure in public markets
FGNX is the most strategic ETH exposure in public markets Investor Highlights: Pure ETH exposure via a Capital markets edge: ATM, FGNX delivers active ETH trusted public equity wrapper convertibles, structured equity exposure with staking yield, tokenization upside, and Staking yield + DeFi strategi
Slide 20: Join us in owning Ethereum's next decade.
Join us in owning Ethereum’s next decade.