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SharpLink to Bring SBET Shares to Ethereum via Superstate Collaboration

TL;DR

• Equity Tokenization: SharpLink will tokenize its Nasdaq-listed SBET shares on Ethereum via Superstate’s Opening Bell platform, becoming the first public company to do so.
• DeFi Integration: The partnership explores compliant trading of tokenized equities on Automated Market Makers and other decentralized finance protocols.
• Ethereum Strategy: With over 838,000 ETH in reserves, SharpLink strengthens its role as a major corporate holder while advancing Ethereum adoption in capital markets.
  

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SharpLink Gaming, Inc. has announced a landmark move to tokenize its Nasdaq-listed common stock, SBET, directly on the Ethereum blockchain. Partnering with financial technology firm Superstate, the company will leverage the Opening Bell platform to issue SEC-registered equity on-chain, positioning itself as the first public company to natively bring its shares to Ethereum. The initiative underscores SharpLink’s dual mission of expanding Ethereum adoption and modernizing capital markets through compliant tokenized securities.

First Public Company to Tokenize Equity on Ethereum

SharpLink’s collaboration with Superstate marks a milestone in blockchain-based finance. By appointing Superstate as its Digital Transfer Agent, the company will enable SBET shares to exist as fully compliant, legally equivalent equity on Ethereum. This development allows shareholders to hold their stock in self-custodied wallets, integrate with digital financial products, and access global investor segments. Superstate CEO Robert Leshner emphasized the significance of onboarding traditional finance to Ethereum through this partnership.

Driving Market Efficiency and Shareholder Value

According to SharpLink co-CEO Joseph Chalom, tokenizing equity on Ethereum is more than a technological step; it signals the company’s vision for the future of global capital markets. The move is designed to enhance liquidity, improve efficiency, and create new opportunities for investor engagement. Joseph Lubin, SharpLink’s Chairman and co-founder of Ethereum, highlighted that the initiative builds on the company’s earlier role as a pioneer in adopting Ether as a treasury reserve, reinforcing its conviction in Ethereum as the foundation of next-generation financial infrastructure.

Exploring DeFi and Automated Market Makers

Beyond tokenization, SharpLink and Superstate plan to explore how tokenized equities could trade on Automated Market Makers (AMMs) and other DeFi protocols. AMMs use smart contracts and liquidity pools to enable trading without traditional intermediaries. If successful, this could redefine secondary market structures by allowing compliant tokenized securities to circulate seamlessly within DeFi ecosystems. The effort aligns with the SEC’s Project Crypto agenda, which seeks to modernize U.S. securities regulation for blockchain-based markets.

Ethereum Treasury and Strategic Positioning

SharpLink has rapidly established itself as one of the largest corporate holders of Ether, accumulating more than 838,000 ETH since launching its treasury strategy in June 2025. The company has also generated thousands of ETH in staking rewards, further strengthening its balance sheet.

By combining its treasury strategy with tokenized equity issuance, SharpLink is positioning itself at the forefront of blockchain-integrated capital markets, aiming to bridge traditional finance with Ethereum’s decentralized infrastructure.