Sharplink is set to become the first public company to natively issue SBET shares registered with NASDAQ on Ethereum.
summary
- Sharplink plans to directly tokenize SBET stocks registered with NASDAQ on Ethereum.
- Superstate’s Opening Bell Platform manages compliant on-chain issuance.
- Partnerships extend beyond issuance to investigate AMM-based tokenized fairness transactions.
Sharplink Gaming, Inc. announced on September 25th. said it will tokenize SEC-registered common stock directly into the Ethereum blockchain and appoint financial technology company Superstate as a digital transfer agent.
The partnership will utilize Superstate’s “Opening Bell” platform for publication. The Minneapolis-based company chaired by Ethereum co-founder Joseph Lubin said the move is aimed at showing how blockchain infrastructure can generate shareholder value and improve market efficiency.
“Tokenizing Sharplink’s fairness directly at Ethereum is more than a technical achievement. A statement that believes the future of global capital markets will take the lead. At Sharplink, we are pursuing initiatives that will build the world’s most trusted digital assets treasury ministry and promote the global adoption of the Ethereum network,” Rubin said.
Beyond Issues: AMM and Compliant Secondary Market Survey
Partnership ambitions go far beyond simple on-chain issuance. Sharplink and Superstate intend to explore one of the most complex frontiers in digital finance. Enables secondary transactions that are tokenized fairness-compliant with automated market makers and other Defi protocols.
The initiative is in line with the SEC project Crypto, a regulatory framework designed to accommodate blockchain-based markets. The goal is to show how tokenized securities can unlock deeper liquidity and operate within a modernized capital market structure.
If realized, this effort could relocate Sharplink’s tokenized equity and future issuance as a wider range of equipment than traditional bookkeeping stocks, via SuperState’s opening bell. Trading on AMMS represents a structural change in how liquidity around public equities is formed, allowing for transparent price discovery in ways that real-time settlements, global investor access, and traditional exchanges cannot match.
In particular, our partnership with Superstate is a strategic extension of Sharplink’s deep commitment to Ethereum. With Lubin at the helm, the company established itself as a corporate leader in the Ethereum ecosystem and launched its key ETH financial strategy earlier this year.
Investors have been carefully meeting the news so far. Sharplink’s SBET shares fell 7.63% on Thursday, closing at $16.26 after opening the session at $16.33 and closing the previous day at $17.58. The drop reflects the wider pullbacks across the crypto market, but highlights how the path ahead is experimental.