SharpLink to tokenize SBET stock on Ethereum with Superstate

2 hours ago

SharpLink, 1 of the world’s largest nationalist holders of ETH, has notified the SEC of its plans to tokenize its communal banal connected Superstate’s Open Bell tokenization platform.

SharpLink to tokenize SBET banal connected Ethereum with Superstate

SharpLink Gaming, 1 of the world’s largest nationalist holders of Ether, has announced plans to tokenize its communal banal connected the Ethereum blockchain.

SharpLink has partnered with the fiscal exertion steadfast Superstate to tokenize its Nasdaq-listed banal SBET done Superstate’s Open Bell tokenization platform, the institution announced Thursday.

“Tokenizing SharpLink’s equity straight connected Ethereum is acold much than a technological accomplishment — it is simply a connection astir wherever we judge the aboriginal of the planetary superior markets is headed,” SharpLink co-CEO Joseph Chalom said.

In partnering with Superstate, SharpLink joins the increasing fig of companies looking to tokenize their communal banal via the Open Bell platform, including Forward Industries, which announced tokenizing its shares connected Solana connected Monday.

Second-largest ETH holder

SharpLink, which was founded successful 2019, operates arsenic a performance-based selling institution serving the iGaming and sports betting sectors.

The institution pivoted toward creating a firm Ether (ETH) reserve successful June 2025, earning the rubric of one of the world’s largest nationalist ETH holders.

Soon aft announcing an ETH treasury successful May, SharpLink saw its shares rally much than 100%, the banal terms surging from astir $40 connected May 27 to astir $90 connected May 30.

The rally was short-lived, arsenic the shares rapidly dropped to astir $10 by mid-June and haven’t crossed $40 since, according to TradingView.

Trading SBET connected DeFi platforms

According to a connection Sharplink filed with the US Securities Exchange Commission, the institution besides plans to enactment with Superstate to beforehand however tokenized nationalist equities tin yet commercialized connected automated marketplace makers (AMMs).

An AMM is simply a benignant of decentralized speech (DEX) protocol that uses astute contracts and liquidity pools to alteration the automatic trading of integer assets without relying connected accepted buyers and sellers.

In summation to AMMs, Sharplink wants to alteration specified trading connected different decentralized concern (DeFi) protocols successful a afloat compliant manner, it said.

“This inaugural aligns with the SEC’s broader Project Crypto innovation docket aimed astatine modernizing US securities regularisation to amended alteration integer assets, blockchain and on-chain markets,” Sharplink noted.