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Injective, an interoperable layer-1 blockchain designed for web3 finance, has officially launched tokenized versions of the Euro (EUR) and the Sterling Pound (GBP) on-chain. This development introduces forex trading to Injective’s platform, following the recent unveiling of its iAsset framework, which aims to bring traditional finance and real-world assets such as stocks, commodities, and foreign exchange into the decentralized finance ecosystem.

Expanding Forex Trading Through Blockchain

On-chain finance and tokenization offer solutions to the accessibility challenges and inefficiencies present in traditional forex markets. Injective highlighted these benefits in its announcement, noting that tokenized assets can provide users with a more inclusive and efficient alternative to conventional trading systems.

Injective has already introduced major stocks like Nvidia and Tesla onto its blockchain using the same tokenization framework. With the addition of FX trading pairs for the Euro and Sterling Pound, the platform is further bridging the gap between traditional financial markets and decentralized finance (DeFi). The inclusion of these new assets empowers users to access global financial instruments directly within the DeFi space.

Forex Market Overview

EUR and GBP are among the most-traded currencies globally, alongside the U.S. Dollar (USD) and the Japanese Yen (JPY). The forex market itself is vast, with daily trading volumes reaching approximately $7.5 trillion—far exceeding activity in stock markets.

For instance, the EUR/USD currency pair alone accounts for over $1.71 trillion in daily trading volume, representing more than 22% of all forex trades. Injective’s introduction of on-chain EUR and GBP forex trading pairs enables users to access these markets with 24/7 availability, 365 days a year, regardless of geographic location.

“Injective’s expansion into forex trading with EUR and GBP markets represents more than just adding new trading instruments. It signals the maturation of DeFi into a comprehensive alternative to traditional financial markets,” the Injective team stated.

Tokenization and Real-World Assets in DeFi

Injective is among the leading blockchain platforms focused on asset tokenization and Real-World Assets (RWA). Backed by Binance and Pantera Capital, the platform is capitalizing on the growing demand for on-chain financial products, which are increasingly attracting attention from both traditional finance (TradFi) institutions and crypto-native platforms.

Other major players are also exploring this space. For example, Robinhood Markets Inc. is reportedly working on blockchain-based solutions to bring tokenized U.S. stocks to European investors. Similarly, crypto exchange Kraken plans to introduce over 50 tokenized stocks from major U.S.-listed companies, including Apple, Tesla, and Nvidia, alongside tokenized ETFs.

The rise of tokenized assets reflects a broader shift toward integrating traditional financial markets with blockchain technology, offering greater accessibility, transparency, and efficiency to global investors.

Key Takeaways

  • Injective has launched tokenized versions of the Euro (EUR) and Sterling Pound (GBP) on its blockchain, enabling on-chain forex trading.
  • Tokenization addresses accessibility barriers in traditional forex markets, offering 24/7 trading opportunities to a global audience.
  • The forex market is valued at $7.5 trillion in daily trading volume, with EUR/USD alone accounting for over $1.71 trillion.
  • Injective’s iAsset framework is expanding DeFi’s reach into real-world assets, including stocks, commodities, and foreign exchange.
  • The trend of asset tokenization is gaining traction, with platforms like Robinhood and Kraken exploring similar initiatives in tokenized stocks and ETFs.

As decentralized finance continues to evolve, platforms like Injective are shaping the future of financial markets by merging traditional finance with blockchain technology.

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