🌎 Injective Launches On-Chain Stocks Index Tracking Major Publicly Traded Companies

Injective Revolutionizes Decentralized Finance with On-Chain Stocks Index

Injective, a layer-1 blockchain, has taken a significant step towards bridging the gap between traditional finance and decentralized finance (DeFi) by introducing the TradFi Stocks Index. This on-chain index will track some of the world’s largest publicly traded companies, including Amazon, Apple, Microsoft, and Goldman Sachs.

The TradFi Stocks Index is part of Injective’s vision to democratize access to financial markets. According to Eric Chen, chief executive officer and co-founder of Injective Labs, “This launch of the TradFi index is a major step toward our vision of democratizing access to financial markets.” Chen emphasized that users can now engage with the largest publicly traded equities on-chain in an entirely decentralized manner, free from traditional market constraints.

Key Features of the TradFi Index

The on-chain index will allow users to track hundreds of publicly listed stocks, offering a decentralized trading experience for equities. Access will be available through a single integrated product, which will be featured on Injective’s leading decentralized exchange, Helix. Key features of the TradFi index include:

24/7 trading
Up to 25x leverage

The launch of the equities index on Helix follows Injective’s rollout of the AI Index Perpetual Market, with ticker AIX, on the DEX. This move is part of Injective’s efforts to redefine what’s possible in decentralized finance. As Chen noted, “By bringing the most sought after traditional finance markets on-chain, we’re not just creating a new trading product; we’re redefining what’s possible in decentralized finance.”

More on Injective’s Recent Developments

Injective has been actively expanding its offerings in the DeFi space. The AI Index Perpetual Market, which brings together AI tokens and NVIDIA, Taiwan Semiconductor, and other AI stocks, is a notable example. The platform’s efforts to bring traditional finance markets on-chain have also led to the launch of the first on-chain S&P 500 Index.