SharpLink Gaming’s $SBET Stock Goes On-Chain via Ethereum

- SharpLink partners with Superstate to tokenize $SBET stock on Ethereum. - Move signals growing adoption of blockchain for public equities trading. On September 25, 2025, SharpLink Gaming (Nasdaq: SBET), a major public Ethereum holder, announced in an SEC-filed press release its plans to tokenize its SEC-registered common stock directly on the Ethereum blockchain. For this landmark collaboration, SharpLink is working with fintech firm Superstate through its Open Bell tokenization platform, making SharpLink the first public company to issue its equity natively on Ethereum. According to reports from Cointelegraph, Crypto News, and GuruFocus on September 25, SharpLink intends to use blockchain infrastructure to enhance shareholder value and optimize market efficiency. By tokenizing its shares, the company aims to transform public equity trading with automated market makers (AMMs) and decentralized finance (DeFi) protocols while remaining compliant. This initiative aligns with the U.S. Securities and Exchange Commission (SEC)’s “Project Crypto,” which aims to modernize securities regulations for digital assets and on-chain markets. In the official press release on September 25, SharpLink co-CEO Joseph Chalom stated, “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.” The partnership with Superstate demonstrates a collective effort by SharpLink and blockchain innovators to explore new methods for trading tokenized public equities. SharpLink’s decision marks a significant milestone for public companies integrating with blockchain technology and demonstrates the potential for decentralized platforms to reshape traditional financial markets. As of 15:15 UTC on September 25, Ethereum (ETH) was trading at $4,005.17, according to CoinMarketCap, and its 24-hour trading volume had decreased by 4.42%.