Injective Launches On-Chain TradFi Stocks Index
Injective is making strides in bridging the gap between traditional finance and decentralized finance with the introduction of the TradFi Stocks Index. This on-chain index will track some of the world’s largest publicly traded companies, including industry giants like Amazon, Apple, Microsoft, and Goldman Sachs.
The layer-1 blockchain project, known for its innovative solutions in the DeFi space, sees the TradFi Stocks Index as a significant advancement in global finance. Injective (INJ) has been on a roll with the recent launch of an index that combines top artificial intelligence stocks and tokens, paving the way for a new era in decentralized finance.
“This launch of the TradFi index is a major step toward our vision of democratizing access to financial markets,” said Eric Chen, CEO and co-founder of Injective Labs. “For the first time, users can engage with the largest publicly traded equities on-chain in an entirely decentralized manner, free from traditional market constraints.”
With the TradFi Stocks Index, users will have the opportunity to track hundreds of publicly listed stocks and participate in decentralized trading of equities. This unique offering will be accessible through a single integrated product on Injective’s decentralized exchange, Helix.
Notable features of the TradFi index include 24/7 trading availability and up to 25x leverage for traders looking to maximize their exposure to traditional equities.
This latest development follows Injective’s successful launch of the AI Index Perpetual Market, featuring AI tokens and top AI stocks like NVIDIA and Taiwan Semiconductor. The platform continues to push boundaries in decentralized finance with the introduction of the TradFi Stocks Index, following a recent governance vote that approved the launch of the first on-chain S&P 500 Index.
“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,” Chen emphasized.
While the TradFi Stocks Index grants users access to global equities giants, the AI Index Perpetual Market offers exposure to the rapidly growing AI sector, including prominent players like Injective, ai16z, Bittensor, and Virtuals Protocol in the crypto market.