SharpLink Gaming Pioneers Tokenized Stock Trading on Blockchain
SharpLink Gaming, a publicly listed firm, has initiated a groundbreaking project to bridge regulated stock markets with decentralized trading platforms. This is the first major effort of its kind, merging traditional equity with blockchain-based infrastructure.
SharpLink is exploring integration with automated market makers for tokenized SBET shares. The company is tokenizing its SBET stock directly on the Ethereum blockchain, a move that brings it into direct competition with similar initiatives on rival blockchains like Solana.
SharpLink's stock will be tradable on decentralized finance applications after tokenization. The company aims to create 24/7 stock trading capabilities with programmable features unavailable in conventional equity markets. SharpLink partnered with Superstate to leverage its Open Bell tokenization platform for this initiative.
SharpLink Gaming is currently viewed as undervalued by analysts, particularly due to its substantial Ethereum holding, valued at approximately 3.6 billion USD, while its market capitalization is around 2.9 billion USD, indicating a potential price increase of about 24%. Despite limited analyst coverage, with only one Buy rating and a 12-month price target of $48, SharpLink's innovative approach to tokenization and integration with decentralized platforms could reshape equity trading.
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