Keynote
- Sharplink Gaming uses SuperState’s platform to tokenize NASDAQ List Stocks (SBETs) on the Ethereum network.
- The company, a leading corporate holder at ETH, sees the move as a way to increase shareholder value and modernize the capital market.
- Important details of the timeline, specific SEC approvals, and tokenization technical processes have not yet been released.
Sharplink Gaming, Inc., eSports and Technology Company. (NASDAQ: SBET) announced its plans to tokenize ethical SEC registered common stock on September 25, 2025.
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Blockchain.
The company is partnering with Financial Technology Firm Superstate as the initiative’s digital transfer agent.
The move places Sharplink, potentially becoming the first public company, and has its equity directly chained. A recent press release states that tokenization will be managed through Superstate’s opening bell platform.
The technology is designed to promote the tokenization of registered securities compliance on public blockchains such as Ethereum and Solana.
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. The initiative follows a similar plan from Solana’s forward industry, which uses SuperState to make inventory on-chain.
According to Joseph Chalom, Co-CEO of Sharplink, the plan is a future-looking step for the capital market. He added that tokenizing the company’s shares in Ethereum represents a key statement about the future of finance and views it as more than just a technical update.
The announcement follows Sharplink’s recent share buyback, detailed on September 9th. The company has also built a key Treasury Ministry for digital assets since adopting its Ethereum-centric strategy in June 2025.
The company’s growing ETH holdings, which currently stands at 838,000 ETH, is a key part of its financial position.
Strategic shift towards finance on the chain
This initiative represents a key step in converging traditional finance and blockchain technology. Sharplink aims to improve market efficiency and unlock new measures of shareholder value.
The involvement of key figures in the Ethereum Ecosystem highlights the ambitions of the project. Sharplink’s board chair Joseph Lubin is the co-founder of Ethereum and founder of Consensys.
CEO Robert Leshner, founder of the popular lending protocol compound
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leads the superstar. Leshner highlighted the partnership as a milestone for bringing regulated financial products into chains.
Sharplink benefits from its digital asset strategy, generating 3,815 ETH from its staking activities.
The company has indicated plans to consider trading Defi protocols such as Automatic Market Maker (AMM) for secondary trading of tokenized stocks. However, it was not specified which platforms they were considering.
Important questions remain unanswered
The announcement marks significant developments, but some important details are still unknown. The company does not provide a specific timeline as to when symbolization will be implemented or when tokenized stocks will be available to investors.
The exact process for navigating SEC regulations remains unknown. Superstate is an SEC registered transfer agent, but the path to bringing public company equity chains has not yet been established.
However, the news coincides with a wider industry push, including the recent NASDAQ proposal for tokenization transactions filed with the SEC.
Details have also not been revealed as to how existing shareholders will move their shares into tokenized formats and what fees will be involved.
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Zoran Spirkovski is a Web3 Marketing Strategist and former CMO for Duckdao, transforms complex crypto concepts into compelling stories that drive growth. In the background of Crypto Journalism, he excels in developing mobility strategies to market for Defi, L2 and GameFi projects.
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