Finance
What to know: (Or what I’m pretending to know, who cares?)
- SharpLink Gaming (SBET) is jumping on the blockchain bandwagon, tokenizing its equity on Ethereum. Because why own regular stocks when you can own them in pixel form? 🖼️
- They’ve teamed up with Superstate, because apparently, “Superstate” sounds more legit than “Larry’s Token Shack.” 🎪
- The goal? Trade these tokenized shares on decentralized exchanges while staying on the SEC’s good side. Good luck with that! 🤡
So, SharpLink Gaming (SBET), this Ethereum-loving firm led by Joseph Lubin, decided it’s time to tokenize their equity. Because, you know, paper stocks are so 20th century. 📜→⛓️
Based in Minnesota (where else would they be?), they’ve hired Superstate as their digital transfer agent. Their equity tokens will be issued through Superstate’s Opening Bell platform, which is basically a blockchain version of the NYSE, but with fewer suits and more hoodies. 🧢
Tokenization is all the rage these days, with everyone from Robinhood to Kraken getting in on the action. But let’s be real, most of these offerings are for non-U.S. investors. Because, you know, America’s got rules. 🇺🇸🚫
SharpLink claims their tokenized stock is legally the same as traditional equity, but you can store it in your digital wallet. Because nothing says “secure” like keeping your investments next to your meme NFTs. 💼→📱
Oh, and they’re dreaming of trading these shares on decentralized exchanges. Because what could go wrong with smart contracts and U.S. securities laws? 🤷♂️
Meanwhile, SBET stock is down 7% today, probably because ETH decided to take a nosedive below $4,000. Crypto: where the only thing guaranteed is volatility. 🎢
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2025-09-25 16:55