Injective Unveils AINJ: Bridging TradFi and Decentralized Finance

• AINJ bridges traditional finance and decentralized markets, offering exposure to INJ and staking rewards.
• An institutional-grade custodian is securely holding AINJ on behalf of INJ.

Injective has introduced AINJ, the Injective Staking Exchange Traded Product (ETP), which 21Shares launched. This new product provides exposure to INJ through major traditional finance exchanges and brokerages, as well as the ability to earn staking rewards. AINJ is provided by 21Shares, the major issuer of crypto ETPs.

21Shares is also one of the primary groups spearheading efforts for the Bitcoin ETF, along with Cathie Wood’s Ark Invest, with over $3 billion in assets managed for the BTC ETF alone.

Introducing AINJ, the Injective Staking Exchange Traded Product (ETP), launched by 21Shares.

This innovative product offers exposure to $INJ via major traditional finance exchange venues and brokerages while also capturing staking rewards.

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— Injective (@injective) July 18, 2024

A Significant Step: AINJ Bridges Traditional Finance with Decentralized Marketplaces

AINJ, the first injective ETP, is a physical one. This means that an actual institutional custodian will store INJ and enable everyday users to access its underlying staking rewards via AINJ. Users can gain access to Injective through standard finance channels, including banks and brokerages such as eToro and Interactive Brokers.

AINJ is more than just a new financial product; it is a significant step in bridging the gap between traditional finance (TradFi) and decentralized marketplaces. As a regulated financial offering, AINJ allows for greater institutional engagement and acceptance of INJ.

AINJ captures and accumulates INJ staking rewards, emulating on-chain staking participation in traditional finance. AINJ is 100% physically backed by INJ, which is safely stored by an institutional-grade custodian, and provides a direct TradFi gateway to the underlying asset.

Only a few crypto projects throughout the world have live ETPs; therefore, Injective is part of an elite group that gives institutional and ordinary players access to the developing digital asset market. AINJ has the support of a number of significant financial institutions, including Interactive Brokers, Saxo Bank, Swissquote, eToro, and others.

On the other hand, CNF previously reported that Synesis One has expanded into Injective, which will improve decentralized AI training with additional data sets and a crowdsourcing platform.

In June, Injective saw a huge increase in INJ burn and added PYUSD, a stablecoin created by PayPal and Paxos. At the time of writing, the price of INJ is about $27.70, up 3.88% in the last 24 hours and 36.70% in the last week.