SharpLink Gaming, one of many world’s largest public holders of Ether, has introduced plans to tokenize its widespread inventory on the Ethereum blockchain.
SharpLink has partnered with the monetary expertise agency Superstate to tokenize its Nasdaq-listed inventory SBET via Superstate’s Open Bell tokenization platform, the corporate introduced Thursday.
“Tokenizing SharpLink’s fairness immediately on Ethereum is way over a technological achievement — it’s a assertion about the place we consider the way forward for the worldwide capital markets is headed,” SharpLink co-CEO Joseph Chalom mentioned.
In partnering with Superstate, SharpLink joins the rising variety of corporations trying to tokenize their widespread inventory by way of the Open Bell platform, together with Forward Industries, which introduced tokenizing its shares on Solana on Monday.
Second-largest ETH holder
SharpLink, which was based in 2019, operates as a performance-based advertising and marketing firm serving the iGaming and sports activities betting sectors.
The firm pivoted towards creating a company Ether (ETH) reserve in June 2025, incomes the title of one of many world’s largest public ETH holders.
Soon after asserting an ETH treasury in May, SharpLink noticed its shares rally greater than 100%, the inventory worth surging from round $40 on May 27 to just about $90 on May 30.
The rally was short-lived, because the shares shortly dropped to round $10 by mid-June and haven’t crossed $40 since, in accordance to TradingView.
Trading SBET on DeFi platforms
According to an announcement Sharplink filed with the US Securities Exchange Commission, the corporate additionally plans to work with Superstate to advance how tokenized public equities can finally commerce on automated market makers (AMMs).
An AMM is a kind of decentralized change (DEX) protocol that makes use of sensible contracts and liquidity swimming pools to allow the automated buying and selling of digital belongings with out counting on conventional consumers and sellers.
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In addition to AMMs, Sharplink desires to allow such buying and selling on different decentralized finance (DeFi) protocols in a completely compliant method, it mentioned.
“This initiative aligns with the SEC’s broader Project Crypto innovation agenda geared toward modernizing US securities regulation to raised allow digital belongings, blockchain and on-chain markets,” Sharplink famous.
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