SharpLink partners with Superstate to tokenize Nasdaq shares on Ethereum, aiming to modernize equity markets through compliant blockchain integration.
SharpLink Gaming, a Nasdaq-listed firm and one of the largest public holders of Ether, has announced plans to tokenize its common stock directly on the Ethereum blockchain. The company announced Thursday that it will be working with financial technology company Superstate to implement the initiative using Superstate’s regulated Open Bell tokenization platform.
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The development is an important step in connecting conventional equity markets with new blockchain-based markets. SharpLink co-CEO Joseph Chalom said the initiative was more than a technical accomplishment, it was an announcement about the future of global capital markets. According to him, Ethereum tokenization of equity can help to boost shareholder value, enhance efficiency, and transform traditional relationships between companies and their investors.
Superstate is an Open Bell system; it was launched in 2025 and provides companies with the ability to issue equity, SEC registered, in tokens while remaining fully compliant. The platform would make tokenized shares legally equal to traditional stock while they would also become interoperable with digital wallets and other financial products that would utilize blockchain technology. This hybrid nature can facilitate the growth of companies such as SharpLink to a global shareholder base while providing new flexibility in the way investors hold assets.
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Both companies have proposed goals beyond tokenization. Essentially, they want to see how tokenized public equities can ultimately trade on an Automated Market Makers and decentralized finance protocols in a compliant way. This would be a valuable step in showing how security regulation and blockchain innovation could align in about making tokenized assets that can flow in decentralized networks while still protecting investors.
Regulated Tokenized Stocks Poised to Boost Market Efficiency
Industry watchers view the move in line with the general regulatory trend. The U.S. Securities and Exchange Commission (SEC) has been continuing its Project Crypto work, an innovation project aimed at updating securities regulation in the face of blockchain technology. By adapting their strategies to regulatory priorities, SharpLink and Superstate are poising tokenized equities not as speculative products but as regulated instruments that can unlock efficiency and liquidity in capital markets.
Superstate CEO Robert Leshner said SharpLink’s move is a milestone. He stated that SharpLink would be the first public company to tokenize its stock on Ethereum through Open Bell and that the company is a pioneer in the way it adopts Ethereum. The announcement also furthers Superstate’s mission to build multichain capital markets infrastructure, facilitating the connection of traditional finance and blockchain rails.
For SharpLink, the project is an addition to their long-running dedication to the Ethereum ecosystem. The company has established itself as both a developer of digital asset treasury solutions and as an Ethereum adoption evangelist for the world. By tokenizing its SBET shares, SharpLink aims not only to service its current shareholders, but also to provide a blueprint for how secondary markets should develop in the future, if only compliant, tokenized public equities were to be considered.
The tokenization of equities is a trend that is gaining traction around the world. Proponents claim it can ease settlement delays, widen access, and make the industry more transparent, while opponents note regulatory complexity and challenges to adoption. Still, SharpLink’s partnership with Superstate is a sign that tokenized equity is gaining confidence that it will soon transition from pilots to mainstream capital markets.
