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SharpLink Emerges as the First Public Company to Directly Distribute Equity on Ethereum, Connecting Traditional Finance with DeFi

SharpLink Emerges as the First Public Company to Directly Distribute Equity on Ethereum, Connecting Traditional Finance with DeFi

Bitget-RWA2025/09/25 14:52
By:Coin World

- SharpLink Gaming becomes first public company to natively issue SEC-registered equity on Ethereum via Superstate’s Opening Bell platform. - Tokenized shares aim to bridge TradFi and DeFi by enabling AMM trading while maintaining legal equivalence to traditional equity. - Initiative aligns with SEC’s Project Crypto but faces mixed market reactions, including an 8% SBET stock drop post-announcement. - Project tests compliance-driven DeFi integration, with potential to redefine liquidity and market structur

SharpLink Emerges as the First Public Company to Directly Distribute Equity on Ethereum, Connecting Traditional Finance with DeFi image 0

SharpLink Gaming, Inc. (Nasdaq: SBET), a leading supporter of

adoption, has revealed its intention to tokenize its SEC-registered common shares on the Ethereum blockchain, collaborating with fintech company Superstate as its Digital Transfer Agent. Through Superstate’s Opening Bell platform, the project will investigate regulated trading of tokenized equity on Automated Market Makers (AMMs) and decentralized finance (DeFi) platforms SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ]. This strategy is in line with the SEC’s Project Crypto, which seeks to update regulations and incorporate digital assets into conventional financial systems SharpLink to tokenize SBET stock on Ethereum with Superstate [ 3 ]. The tokenized shares will maintain the same legal standing as traditional stock but will exist natively on Ethereum, allowing for integration with digital finance products and broader access for global investors SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ].

This partnership represents the first instance of a publicly traded company issuing equity directly on Ethereum.

, which possesses over 838,000 ETH and is among the world’s largest corporate holders of ETH SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ], aims to showcase how blockchain technology can improve market operations and shareholder returns. Superstate’s Opening Bell, introduced in May 2025, enables SEC-compliant tokenized equity, allowing shares to be held in self-managed wallets SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ]. The collaboration will also test trading tokenized shares on AMMs, which could increase liquidity and transform traditional market frameworks Joe Lubin’s SharpLink to Tokenize SBET Shares on Ethereum via … [ 2 ].

SharpLink’s co-CEO Joseph Chalom highlighted the importance of this step, noting it demonstrates the company’s confidence in Ethereum’s potential to shape the future of capital markets SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ]. Chairman Joseph Lubin, who also co-founded Ethereum, described the initiative as progress toward connecting traditional finance (TradFi) with modular DeFi on Ethereum SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ]. Since launching its ETH treasury strategy in June 2025, the company has earned more than 3,815 ETH in staking rewards, further demonstrating its dedication to Ethereum-based financial systems SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ].

The market’s response to the news has been mixed. Although the move highlights SharpLink’s commitment to Ethereum, its stock (SBET) dropped by about 8% in early trading after the announcement Joe Lubin’s SharpLink to Tokenize SBET Shares on Ethereum via … [ 2 ]. This decline contrasts with the surge in SharpLink’s stock price in June 2025, when shares more than doubled following the ETH treasury announcement SharpLink to tokenize SBET stock on Ethereum with Superstate [ 3 ]. The company’s tokenization plans also face headwinds from broader market trends, such as Ethereum’s recent dip below $4,000, which led to major liquidations among large holders Ether Whale Books $45M Loss as ETH Falls Below $4K [ 6 ].

The possibility of trading tokenized equities on AMMs could set a new standard for regulatory-compliant innovation in DeFi. Robert Leshner, CEO of Superstate, called the partnership a significant achievement, emphasizing SharpLink’s pioneering role in advancing Ethereum-based capital markets SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ]. If the project succeeds, it could encourage other public firms to tokenize assets on blockchain, increasing liquidity and reducing dependence on traditional financial intermediaries Joe Lubin’s SharpLink to Tokenize SBET Shares on Ethereum via … [ 2 ].

SharpLink’s work with Superstate is part of a larger movement of corporations adopting blockchain for asset management. For example, Galaxy Digital recently issued tokenized shares on

using Superstate’s platform Joe Lubin’s SharpLink to Tokenize SBET Shares on Ethereum via … [ 2 ]. Nevertheless, regulatory and market uncertainties remain, including how Ethereum’s price swings might affect accounting and financial disclosures SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ]. The company’s future plans, such as further equity tokenization and deeper DeFi integration, are still subject to risks like regulatory shifts and market volatility SharpLink & Superstate Bring SEC-Registered Equity to Ethereum [ 1 ].

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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