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Bridging the gap between TradFi and Decentralized Finance
- AINJ bridges traditional finance and decentralized markets, providing INJ exposure and staking rewards.
- An institutional-grade custodian securely holds AINJ on behalf of INJ.
Injective a introduced AINJ, the Injective Staking Exchange Traded Product (ETP), launched by 21Shares. This new product offers exposure to INJ via major traditional financial exchanges and brokerages, as well as the opportunity to earn staking rewards. AINJ is provided by 21Shares, the leading issuer of crypto ETPs.
21Shares is also one of the main groups leading efforts for the Bitcoin ETFwith Cathie Wood’s Ark Invest, with over $3 billion in assets under management for the BTC ETF alone.
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Introducing AINJ, the injective staking exchange-traded product (ETP) launched by 21Shares.
This innovative product offers exposure to $INJ through major traditional financial exchanges and brokerages, while capturing staking rewards.
1/9🧵 pic.twitter.com/tL3eX4D5We
— Injective 🥷 (@injective) July 18, 2024
A milestone: AINJ connects traditional finance to decentralized markets
AINJ, the first Injective ETP, is a physical ETP. This means that a real institutional custodian will store INJ and allow everyday users to access its underlying staking rewards via AINJ. Users can access Injective through standard financial channels, including banks and brokers such as eToro and Interactive Brokers.
AINJ is much more than a new financial product; it is an important step in bridging the gap between traditional finance (TradFi) and decentralized markets. As a regulated financial offering, AINJ enables greater institutional engagement and acceptance of INJ.
AINJ captures and accumulates INJ staking rewards, mimicking on-chain staking participation in traditional finance. AINJ is 100% physically backed by INJ, which is securely stored by an institutional-grade custodian, and provides a direct TradFi gateway to the underlying asset.
Only a few crypto projects in 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 is backed by a number of major financial institutions, including Interactive Brokers, Saxo Bank, Swissquote, eToro and others.
On the other hand, the CNF has previously reported that Synesis One has expanded to Injective, which will enhance decentralized AI training with additional datasets and a crowdsourcing platform.
In June, Injective experienced a Huge increase in INJ burn and addition of PYUSDa stablecoin created by PayPal and Paxos. At the time of writing, the price of INJ is around $27.70up 3.88% in the last 24 hours and 36.70% last week.
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