Hassan Maishera
On Thursday, the Injective team announced via X that it has launched the first-ever onchain Digital Asset Treasury (DAT). Injective is releasing onchain SBET, marking the first onchain digital asset treasury (DAT).
This introduces an entirely new asset class that can power programmable finance from day one. SBET transforms a static corporate Ether reserve into a living, yield-bearing onchain instrument. The SBET DAT is built using Injective’s novel iAssets framework, enabling the creation of real-world assets with day one utility.
A digital asset treasury token represents ownership in onchain reserves of digital assets such as ETH or BTC held by a corporate or institutional entity. These tokens are typically backed one-to-one by their underlying assets and preserve full economic exposure while enabling blockchain native benefits. In the case of SBET, it provides transparent exposure to SharpLink Gaming’s growing Ethereum treasury.
Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $13.37, down 1.3% in the last 24 hours.
