SharpLink Gaming, one of the largest public holders of Ethereum (ETH) globally, announced plans to tokenize its common stock on the Ethereum blockchain.
The company stated on Thursday that SharpLink has partnered with fintech company Superstate to tokenize its Nasdaq-listed stock SBET through Superstate's Open Bell tokenization platform.
"Tokenizing SharpLink's equity directly on Ethereum is far more than a technical achievement—it's a statement about what we believe the future direction of global capital markets will be," said SharpLink Co-CEO Joseph Chalom.
By collaborating with Superstate, SharpLink joins a growing number of companies looking to tokenize their common stock through the Open Bell platform, including Forward Industries, which announced its plans to tokenize its shares on Solana on Monday.
Founded in 2019, SharpLink is a performance marketing company serving the online gaming and sports betting industries.
The company pivoted to create a corporate Ethereum reserve in June 2025, earning the title of one of the largest public holders of ETH globally.
Shortly after announcing its ETH treasury in May, SharpLink's stock price surged over 100%, rising from about $40 on May 27 to nearly $90 on May 30.
According to TradingView data, this rally was short-lived, with the stock price quickly dropping to around $10 by mid-June and failing to break above $40 since then.
According to a statement SharpLink submitted to the U.S. Securities and Exchange Commission, the company also plans to work with Superstate to advance how tokenized public stocks will ultimately trade on automated market makers (AMM).
AMM is a decentralized exchange (DEX) protocol that uses smart contracts and liquidity pools to facilitate the automatic trading of digital assets without relying on traditional buyers and sellers.
In addition to AMM, SharpLink also aims to achieve such trading on other decentralized finance (DeFi) protocols in a fully compliant manner.
"This initiative aligns with the SEC's broader agenda for innovation in crypto projects, which aims to modernize U.S. securities regulation to better support digital assets, blockchain, and on-chain markets," SharpLink noted.
Related: Ethereum (ETH) exchange balances hit a 9-year low, "Wall Street halo effect" emerges
Original: “SharpLink to Partner with Superstate to Tokenize SBET Stock on Ethereum”
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