.@injective is launching the first tokenized index for @BlackRock's BUIDL Fund.
Injective's steady rise in asset tokenization is represented by the $BUIDL Index. Injective is the key L1 for unique asset offers that would not be viable on any other chain as developers and community members bring traditional and on-chain finance closer together.
What is BUIDL ?
$BUIDL is the BlackRock USD Institutional Digital Liquidity Fund, a tokenised fund created by BlackRock that operates on the Ethereum blockchain to offer US dollar yields through tokenization.
The BUIDL Index will be exclusively accessible via a range of different dApps only on Injective, such as @HelixApp_.
Injective's set of powerful Web3 modules is a key feature that underpins its status as the first and only blockchain built for finance.
@injective modules are designed to function together seamlessly, ensuring maximum transaction throughput, minimum latency, and the most cost-effective crypto operations.
As of right now, Injective's Web3 module supports over 10+ financial primitives, such as:
â CLOB (On-chain Central Limit Orderbook) â Oracle Services â RWA (Real World Asset) â Token Creation â And many more..
It is important to understand that inEVM and inSVM are distinct technological frameworks created with the purpose of attracting more developers and dapps/products to the @injective ecosystem.
Another institution's adoption from @injective, by collaborating with @21Shares. They have launched AINJ: The Injective Staking ETP.
AINJ is a groundbreaking new product that allows users to gain exposure to INJ via major traditional finance exchange venues and brokerages while also capturing staking rewards.
Also supported bu some of the alrgest banks and brokerages, AINJ is a prime example of Injective's dedication to furthering the potential of decentralized finance while integrating with established financial markets.
Read more details: blog.injective.com/en/injective-etp-launch