Injective is taking another step toward narrowing the gap between traditional finance and decentralized finance by bringing stocks of the largest publicly traded companies on-chain.
The layer-1 blockchain has introduced the TradFi Stocks Index, an on-chain index that will track some of the world’s largest publicly traded companies, including Amazon, Apple, Microsoft, and Goldman Sachs.
Injective (INJ), which recently unveiled an index combining top artificial intelligence stocks and tokens, sees the TradFi index as a new era for global finance.
“This launch of the TradFi index is a major step toward our vision of democratizing access to financial markets,” said Eric Chen, chief executive officer and co-founder, 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.”
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 and 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. A few days later and the new era of finance continues with the TradFi Stock Index, which is a milestone that follows a governance vote for 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 added.
While the stocks index will offer access to global giants in the equities market, AIX brings a product that puts together AI tokens and NVIDIA, Taiwan Semiconductor and other AI stocks. In the crypto market, Injective, ai16z, Bittensor and Virtuals Protocol.
