Public Equity Blockchain Integration May Outpace Market Expectations

Sharplink CEO Joseph Chalom has indicated that the New York Stock Exchange and Nasdaq are advancing towards 24/7 trading, while the Depository Trust & Clearing Corporation is progressing with tokenized collateral. According to ChainCatcher, these developments, along with Bullish's acquisition of Equiniti, suggest that the integration of public equity onto blockchain platforms may occur faster than the market anticipates. Meanwhile, several Ethereum reserve companies have seen their stock prices fall significantly from their peaks in the summer of 2025, with a noticeable contraction in the ratio of market capitalization to net asset value. Chalom noted that some companies are under pressure due to the premature issuance of preferred stock or convertible bonds. Sharplink, on the other hand, focuses on equity financing and staking yields while maintaining a straightforward balance sheet. Chalom also mentioned that over the past year and a half, Bitcoin and Ethereum have behaved more like risk assets. However, as stablecoins, tokenized assets, DeFi, and AI applications expand on Ethereum, the long-term trajectory of Ethereum may diverge further from Bitcoin.