SharpLink Gaming has announced plans to tokenize its U.S. Securities and Exchange Commission (SEC)-registered common stock on the Ethereum blockchain. The company, one of the world’s largest corporate holders of Ether (ETH), will partner with financial technology firm Superstate through its Opening Bell platform.
As per the announcement, the partnership will allow SharpLink shareholders to hold $SBET shares natively on Ethereum. Besides, it prepares for future trading of tokenized equities on Automated Market Makers (AMMs) and other decentralized finance (DeFi) protocols.
“Tokenizing SharpLink’s equity directly on Ethereum is far more than a technological achievement,” said SharpLink Co-CEO Joseph Chalom. “We are embarking on entirely new frontiers for how compliant, tokenized public equities could one day trade seamlessly through AMMs.”
In its post, the company highlighted, saying, “SharpLink will become the first public company to do so.” The partnership aims to explore how tokenized public equities could eventually trade on Automated Market Makers (AMMs) and other DeFi protocols in a compliant manner.
The company added, “SharpLink has always been Ethereum-aligned. This step reinforces our mission to advance the Ethereum ecosystem and modernize capital markets.”
Driving ETH-aligned innovation
Additionally, SharpLink’s Chairman Joseph Lubin, who is also the Co-Founder of Ethereum and CEO of Consensys, emphasized the company’s mission. “We’re proud to have been the first public company to become a Digital Asset Treasury company on Ethereum,” Lubin stated.
He added that the update supports SharpLink’s belief that Ethereum will serve as the foundation for the next generation of financial infrastructure.
Superstate CEO Robert Leshner praised the collaboration, calling it a landmark for Ethereum-based tokenization. Launched in 2025, Superstate’s Opening Bell platform helps companies turn their stocks into digital tokens. It keeps everything fully legal while letting investors safely hold shares on the blockchain and use them with DeFi apps.
Expanding ETH treasury holdings
SharpLink has aggressively expanded its ETH holdings since launching its treasury strategy in June 2025. Consequently, the company now owns over 838,000 ETH and has earned 3,815 ETH in staking rewards as of late September. This positions SharpLink among the largest corporate Ethereum holders worldwide.
SharpLink’s stock reacted with a 3.35% rise to $17.58 during normal trading but slipped to $16.21 pre-market, down 7.79%, according to Yahoo Finance.
SharpLink putting its shares on Ethereum shows a blend of traditional finance and crypto. It marks Ethereum’s rise and could make trading stocks faster, simpler, and fully legal for investors.
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