According to @MilkRoadDaily, SharpLink Gaming (SBET) is the first public company to tokenize SEC-registered equity directly on Ethereum (ETH), with Nasdaq-listed shares issued natively onchain rather than as wrapped or synthetic assets (source: @MilkRoadDaily). According to @MilkRoadDaily, the post describes this as a step toward stock markets running on ETH, a development traders focused on tokenized equities and the ETH ecosystem may monitor for infrastructure and liquidity implications (source: @MilkRoadDaily).

According to the source, Ondo Finance executive Ian De Bode stated that the biggest unlock in crypto is bringing real stocks onchain rather than launching new coins (Source: provided tweet dated Aug 20, 2025). For traders, this signals industry focus on tokenized equities and real-world assets, making onchain stock infrastructure and RWA platforms key areas to monitor for catalysts and liquidity shifts (Source: provided tweet dated Aug 20, 2025).