Injective Protocol, a decentralized derivatives exchange platform, will soon launch trading in tokenized stocks of major companies like Google.
- Injective said Monday it would use oracle technology to provide decentralized price data for its new market and historical price data from outside traditional market hours, allowing trading around the clock.
- Users can leverage the Injective Solstice V2 network to trade stocks with the tether (USDT) stablecoin "in a completely decentralized manner with zero gas fees,” Injective said.
- The stock offerings initially include Airbnb, Tesla, Amazon and Google, with more companies to be introduced in the future.
- “Investing in stocks still remains inaccessible for billions of people worldwide while the existing platforms act as gatekeepers and suffer from technical challenges,” said Eric Chen, CEO of Injective Protocol.
Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban.