SharpLink Gaming to Tokenize Equity on Ethereum With Superstate

SharpLink Gaming Tokenizes Equity on Ethereum

SharpLink Gaming, led by Joseph Lubin, plans to tokenize its equity via the Ethereum blockchain.
The firm has partnered with Superstate as a digital transfer agent, using the Opening Bell platform for SEC-registered shares.
The tokenization trend is growing, with recent offerings from Robinhood, Gemini with Dinari, Ondo Finance, and Kraken's xStocks.
These tokenized equities face challenges like limited shareholder rights and fragmented regulation.
SharpLink’s tokens will be equivalent to traditional equity but can be stored in digital wallets and used with on-chain protocols.
Plans include potential trading on decentralized exchanges and AMMs, pending regulatory compliance.
This follows Galaxy's similar initiative to tokenize shares on Solana.
SBET dropped 7% amid a decline in ETH prices below $4,000.