Sharplink Gaming, one of the largest public holders in the world, has announced plans to pokenize its usual stock in the Ethereum blockchain.
SHARPLINK has cooperated with the superstate financial technology firm to token the NASDAQ listed on the SBET stock via Superstate’s Open Bell Tokenization Platform, The Company Says Thursday.
“Sharpink’s tokenizing equity directly to Ethereum is more than a technological success-it is a statement about which we believe that the future of the global capital market is chaired,” Sharpink co-CEO Joseph Chalom said.
In collaboration with the Superstate, Sharpink joins the increasing number of companies seeking to farmize their usual stock through open bell platform, including forward industries, which revealed tokenizing its shares in Solana on Monday.
Second-largest largest holder of ETH
Sharplink, founded in 2019, operates as a marketing -based company that serves Igaming and Sports sectors.
The company has pivoted towards the creation of a corporate ether (Eth) Reserve in June 2025, earn the title of One of the largest public holders of ETH in the world.
Not long Announcing an ETH treasury In May, Sharpink saw its shares rallies of more than 100%, the stock price dropped from $ 40 on May 27 to nearly $ 90 on May 30.
The rally is short -lived, as the shares quickly dropped around $ 10 in mid -June and haven’t crossed $ 40 ever since, According to In tradingview.
Trading sbet on defi platforms
According to a statement Sharpink Filed In the US Securities Exchange Commission, the company also plans to work with Superstate to advance how tokenized public equality Automated Market Makers (AMMs).
An AMM is a kind of Decentralized exchange (Dex) The protocol that uses smart contracts and pools to enable automatic trading of digital assets without relying on traditional buyers and sellers.
Related: Ether Supply to Hit exchanges 9-year low in the middle of ‘Wall Street Glow Up’
In addition to AMMS, Sharpink wants to enable such trading to others Decentralized Finance (DEFI) Protocols in a fully following way, it said.
“This initiative is in line with the bropto innovation innovation agenda of the SEC which aims to change the regulation of US securities to better enable digital assets, blockchain and on-chain market,” Sharpink said.
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