SharpLink has filed with the SEC to tokenize its Nasdaq-listed common stock SBET directly on the Ethereum blockchain via Superstate’s Open Bell platform, enabling compliant on-chain equity representation and future trading on AMMs and DeFi protocols.
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SharpLink to tokenize SBET on Ethereum via Open Bell
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Tokenized stock aims for compliant on-chain trading on AMMs and other DeFi venues.
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SharpLink holds a significant ETH reserve and positioned to pilot corporate equity tokenization (share rally and volatility noted).
SharpLink tokenizes SBET on Ethereum: SEC filing confirms Open Bell partnership for compliant tokenized equity—read how this could change DeFi trading.
What is SharpLink tokenizing its Nasdaq stock on Ethereum?
SharpLink is converting shares of its Nasdaq-listed common stock SBET into on-chain tokens by partnering with Superstate’s Open Bell tokenization platform. The company notified the SEC of the plan to issue compliant equity tokens on the Ethereum blockchain, aiming to enable on-chain settlement and future decentralized trading options.
How will tokenized SBET trade on DeFi platforms?
SharpLink plans to advance tokenized public equities to trade on automated market makers (AMMs) and other DeFi protocols in a compliant manner. An AMM uses smart contracts and liquidity pools to automate trades; SharpLink’s SEC filing says the initiative aligns with regulatory modernization efforts under the SEC’s Project Crypto agenda.
SharpLink Gaming, founded in 2019, operates in performance marketing for iGaming and sports betting. In mid‑2025 the company established a corporate Ether (ETH) reserve, becoming one of the largest publicly disclosed ETH holders.
After announcing an ETH treasury in May, SharpLink’s shares surged from around $40 to nearly $90, then declined to roughly $10 by mid‑June before stabilizing under $40, according to plain-text market data sources (TradingView referenced as plain text).
Why is SharpLink choosing Open Bell on Ethereum?
Open Bell supports compliant tokenization of public equities directly on blockchain rails. Sharplink’s management says tokenizing equity on Ethereum is both a technical milestone and a strategic statement on the future direction of capital markets.
| Feature | Traditional Stock | Tokenized Equity (SBET) |
|---|---|---|
| Settlement | Clearinghouse/T+2 | On-chain near-instant settlement |
| Trading Venues | Exchanges (NYSE/Nasdaq) | AMMs, compliant DEXs, and traditional venues |
| Programmability | Limited | Smart-contract enabled corporate actions |
What regulatory steps has SharpLink taken?
SharpLink filed a formal disclosure with the U.S. Securities and Exchange Commission notifying the regulator of its tokenization plans. The filing describes collaboration with Superstate to pilot token issuance and the development of compliant trading workflows for tokenized public equities.
Frequently Asked Questions
How to participate in tokenized SBET trading (overview)
1. Confirm regulatory compliance and custody options available to your jurisdiction.
2. Obtain a wallet and platform access approved for holding tokenized securities.
3. Use approved DEX/AMM interfaces or supported broker‑gateways when on‑chain trading is enabled.
Key Takeaways
- Tokenization move: SharpLink filed with the SEC to tokenize SBET on Ethereum using Superstate’s Open Bell.
- DeFi trading intent: The company plans to enable compliant trading on AMMs and other DeFi protocols.
- Market context: SharpLink holds a large ETH reserve and previously experienced volatile stock moves after announcing its ETH treasury.
Conclusion
SharpLink’s decision to tokenize SBET on Ethereum via Open Bell marks a notable step toward bridging traditional equity markets and on‑chain financial infrastructure. This pilot aims to demonstrate compliant token issuance, on‑chain settlement and eventual DeFi trading mechanics, and will be monitored closely by market participants and regulators. For ongoing coverage and updates, COINOTAG will track filings and platform developments.
