SharpLink Gaming Shares Fall on Plan to Tokenize Stock
By Katherine HamiltonSharpLink Gaming shares fell after the company said it plans to tokenize its stock directly on the Ethereum blockchain.The stock fell 6% to $16.52 on Thursday. Shares have still doubled in value this year.The Minneapolis-based holder of the cryptocurrency Ether is working with the financial technology company Superstate to tokenize its equity. The two companies want to advance how tokenized public equities can trade on decentralized trading platforms, SharpLink said.SharpLink said its tokenization could allow for secondary market trading on Automated Market Makers.Write to Katherine Hamilton at [email protected]