SharpLink and Superstate Bring SBET to Ethereum Blockchain

Highlights:

• SharpLink and Superstate have partnered to tokenize SBET directly on the Ethereum network.
• The share tokenization will be through Superstate’s regulated Opening Bell platform.
• SharpLink appointed financial technology firm Superstate to serve as its Digital Transfer Agent for the tokenization.

SharpLink Gaming, a leading Ethereum (ETH) holding firm, has partnered with Superstate to tokenize its SEC-registered common stock (SBET) directly on the Ethereum blockchain. SharpLink announced the collaboration in a press release on September 25, eliciting mixed reactions from crypto enthusiasts.

According to the publication, the ETH treasury-focussed firm appointed financial technology firm Superstate as its Digital Transfer Agent to aid the tokenization process. SharpLink noted that its latest move aims to use blockchain technology to enhance shareholder value for public companies. It also seeks to improve market efficiency and reshape capital markets.

The partnership announcement comes a few days after SharpLink boosted its ETH holdings with 575 tokens obtained from staking rewards. On September 23, the Ethereum treasury firm reported that it had generated 3,815 ETH through staking since the program began on June 2, 2025. Overall, the company has acquired 838,728 ETH worth $3.51 billion.

NEW: SharpLink is partnering with Superstate to issue tokenized $SBET shares directly on the Ethereum blockchain.

SharpLink will become the first public company to do so.

Together, we’ll work to advance how tokenized public equities can one day trade on Automated Market Makers… pic.twitter.com/gZS7w68VKf

— SharpLink (SBET) (@SharpLinkGaming) September 25, 2025

SharpLink Plans to Leverage Superstate’s Regulated Opening Bell Platform

SharpLink stated that it will carry out the tokenization through Superstate’s regulated Opening Bell platform, designed to help firms issue and manage tokenized SEC-registered shares across several blockchains. Launched in 2025, the Opening Bell platform ensures tokenized equities are fully compliant and legally equivalent to conventional book-entry shares. Additionally, it offers investors self-custody options to integrate shares with digital products, while expanding access to global markets.

Reacting to its partnership with SharpLink, Superstate Chief Executive Officer (CEO), Robert Leshner, stated:

“SharpLink will be the first public company to tokenize their shares on Ethereum using Superstate’s Opening Bell, a milestone worthy of such an important Ethereum-aligned company.”

Aside from tokenization, SharpLink and Superstate plan to explore options for trading tokenized equities on Automated Market Makers (AMM) and other Decentralised Finance (DeFi) platforms. These companies’ efforts align with the SEC’s Project Crypto Initiative to modernise US securities regulation to accommodate blockchain and digital asset markets. It will also position SharpLink’s equity alongside future tokenizations on the Opening Bell platform for secondary trading on AMMs.

$SBET SharpLink shares will be traded on Ethereum, hence the increase in common shares from last night’s vote

– First public to natively issue SEC- registered equity on $ETH (first mover advantage)
– Superstate will serve as Digital Transfer Agent via its Opening Bell… https://t.co/aeaIuEnjQF pic.twitter.com/EsYgRISYqz

— Bart (@alwaysbetmore) September 25, 2025

SharpLink Co-CEO Sheds More Light on the Partnership

Joseph Chalom, SharpLink Co-CEO, said his company’s collaboration with Superstate is more than just technology, adding that it is about showing the future direction of capital markets. He also highlighted the partnership’s two main goals.

They include building one of the world’s most trusted digital asset treasuries and driving global Ethereum adoption. The Co-CEO added that beyond allowing investors to hold SBET directly on Ethereum just like holding crypto in wallets, the partnership could change how stock markets operate by making them more modern, flexible, and widely accessible.

Joseph Lublin, SharpLink’s Chairman of the Board, also commented on the partnership. He noted that SharpLink was the first public firm to establish an Ethereum-focused treasury, connecting traditional finance with the blockchain. “Now, we are raising the floodgates by onboarding TradFi to composable DeFi on Ethereum. This step reinforces SharpLink’s conviction that Ethereum is the foundation upon which the next generation of financial infrastructure will be built,” Lublin added.

ETH Drops Below $4K Despite SharpLink and Superstate Tokenization Partnership

At the time of press, Ethereum is priced at $3,998 following a 4.3% decline in the past 24 hours, with price extremes fluctuating between $3,961.29 and $4,199.55. The crypto market is also 3% down in the past 24 hours, with a market cap of $3.94 trillion and a trading volume of $200.455 billion. Meanwhile, Bitcoin’s market dominance is 56.8%, while Ethereum’s is 12.3%.