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.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.