U.S. SharpLink tokenizes equity on Ethereum… "On-chain stock trading"

JOON HYOUNG LEE

Summary

SharpLink Gaming will tokenize its equity on the Ethereum blockchain.
It emphasized that a listed company can create shareholder value and improve market efficiency through blockchain infrastructure.
It said that, in cooperation with Superstate and via the OpeningBell platform, shareholders will be able to hold shares directly on Ethereum.

U.S. Nasdaq-listed SharpLink Gaming said it will tokenize its equity via Ethereum (ETH).

SharpLink Gaming said on the 25th (local time), "It will tokenize its common stock registered with the U.S. Securities and Exchange Commission (SEC) on the Ethereum blockchain." SharpLink said, "This will present a way for a listed company to create shareholder value with blockchain infrastructure, improve market efficiency, and lead capital markets," adding, "This aligns with the SEC's 'Project Crypto' agenda that supports blockchain, digital assets, and so on."

The equity tokenization work will be handled by tokenization specialist Superstate. A SharpLink representative said, "We will tokenize the shares on the OpeningBell platform in cooperation with Superstate." OpeningBell is a tokenization platform developed by Superstate.

Joseph Chalom, co-CEO of SharpLink, emphasized, "(Stock tokenization) shows our conviction." Chalom said, "We will enable shareholders to hold SharpLink shares directly on Ethereum," adding, "We believe this development can redefine market structure."

ETH