ETH Treasury Firm Sharplink Taps Superstate to Rollout Tokenized Company Shares ‘SBET’ on Ethereum

Sharplink Gaming Inc., an Ethereum treasury company, announced plans to tokenize its company shares (SBET) on the Ethereum blockchain through technical support offered by Superstate, a tokenized asset management firm. According to the announcement made today, Sharplink will leverage Superstate’s on-chain tokenization platform, the Opening Bell platform, to tokenize its publicly listed stocks on Ethereum.

Sharplink Gaming Inc. is a Nasdaq-listed company that started its operations in 2019 as a marketing firm focusing on sports betting and iGaming sectors. However, the firm later pivoted into the cryptocurrency industry in June 2025 when it became an Ethereum reserve company, accumulating ETH as part of its balance sheet. On the other hand, Superstate is a financial technology firm that uses blockchain technology to tokenize real-world assets like equities, U.S government securities, and many others, to expand their accessibility and liquidity.

How Superstate Helps Sharplink Achieve This Goal

As per the data released above, Sharplink plans to tokenize its stocks utilizing Superstate’s Opening Bell platform. In May, Superstate launched the Opening Bell platform, a compliant tokenization platform that allows public companies to tokenize their stock market securities on-chain and issue them to investors.

As reported in the data, this strategic move will enable Sharplink to advance shareholder value and enhance asset management efficiency. Through Superstate’s tokenization infrastructure, Sharplink is set to allow its shareholders to link their shares between brokerage accounts and Ethereum. The integration will enable Sharplink stockholders to trade their tokenized ‘SBET’ stocks 24/7, with real-time transactions and advanced liquidity, giving them the ability to interact in the growing tokenized economy.

As pointed out in the data, Sharplink and Superstate will examine how tokenized ‘SBET’ shares could trade through AMM (automated market makers) in compliance with regulations, as part of the SEC’s wider initiative for the cryptocurrency innovation agenda. Based on these compliance considerations, Sharplink’s tokenized stocks and future rollouts on the Opening Bell could be made accessible on AMMs and other decentralized finance networks. This will help unlock wider liquidity and application for investors and the company.

The partnership is part of Sharplink’s wider strategy to advance its Ethereum initiatives. Sharplink Gaming Inc is the second-largest corporate holder of ETH, currently holding 838,000 ETH worth $3.3 billion.

Tokenization: Paving the Way for New Opportunities and Applications

In the wake of crypto spot ETFs obtaining regulatory authorization, the fusion between TradFi and the crypto landscape continues to become bigger. The partnership between Sharplink and Superstate is a development showing a new trend – tokenized stocks – which continues to connect Wall Street and Web3.

The collaboration is another indicator that an increasing number of companies are exploring decentralized ledger versions of traditional assets to tap into the innovativeness and reliability of tokenized products. Early this week, Forward Industries, a publicly listed company and Solana treasury firm, collaborated with Superstate’s Opening Bell platform to tokenize its shares on the Solana blockchain.