SharpLink to Tokenize SBET Stock on Ethereum, A Market First

- Nasdaq-listed SharpLink Gaming to tokenize its SBET stock on Ethereum starting September 25, 2025. - The initiative, a market first, seeks to bridge traditional and decentralized finance. On September 25, 2025, CoinDesk, AInvest, and Cointelegraph reported that SharpLink Gaming, which trades under the ticker SBET, announced a groundbreaking plan to issue its common stock directly on the Ethereum blockchain. This initiative marks the first time a public company has tokenized its equity in this manner. To ensure SEC compliance, the company will use Superstate's "Opening Bell" platform while exploring how blockchain can revolutionize equity markets. SharpLink’s blockchain-based stock issuance reflects a strategic commitment to bridge traditional financial systems with decentralized finance (DeFi). The company will leverage Ethereum's capabilities to unlock benefits such as enhanced market efficiency, higher liquidity, and improved shareholder value. In addition, these tokenized shares could trade on automated market makers (AMMs) and other DeFi platforms, accelerating their integration into next-generation financial infrastructure. As a notable corporate holder of Ethereum, SharpLink’s collaboration with Superstate reinforces its dedication to blockchain's transformative potential and positions the company as a trailblazer in tokenized equities. By joining other early adopters like Forward Industries in using Superstate's technology, SharpLink is part of a trend highlighting a growing acceptance of blockchain applications within public capital markets. On September 25, 2025, Joseph Chalom, co-CEO of SharpLink Gaming, stated in an announcement, “Tokenizing SharpLink's equity directly on Ethereum is far more than a technological achievement; it is a statement about where we believe the future of the global capital markets is headed.” Chalom sees this as a pivotal moment that could redefine how companies issue, manage, and trade equities globally. The tokenization announcement comes as Ethereum (ETH) shows strong market performance. According to CoinMarketCap data from 17:08 UTC on September 25, ETH was trading at $3,933.02, and its 24-hour trading volume had increased by 59.51%. Consequently, SharpLink’s reliance on Ethereum underscores the network's critical role in advancing blockchain-based equity solutions.