Richard Gerburt 🔺 ⚡(✸,✸)

🔥BREAKING: The Korean won is being tokenized on Injective. Injective is bringing one of the world’s largest currencies onchain for our rapidly growing RWA ecosystem. @BDACSKorea is issuing KRW1, Korea’s first won backed stablecoin, with reserves held at a major Korean bank.

Injective CEO @ericinjective met with officials from the White House, SEC and CFTC in Washington yesterday. He was joined by our General Counsel, Head of Policy and Head of Research. Injective has quietly built the foundation for tokenization to thrive in America, inside the regulatory framework and in direct collaboration with the U.S. government and major regulatory bodies. → Injective Institutional Services became an @SECGov registered transfer agent in August, giving tokenized securities on Injective official ownership records → $INJ joined the select group of crypto assets with @CFTC regulated futures listed here in the U.S. → Injective Mint gives issuers a compliant way to bring real world assets onchain → In 2025 we proposed a time based exemption for DeFi builders to the SEC Crypto Task Force. The SEC issued its Innovation Exemption last month, and we are working to extend that relief so American builders can launch here instead of offshore → We filed an additional comment letter with the SEC making the case that DeFi lending is not a securities transaction → The Injective Summit brought @WhiteHouse officials, sitting senators and members of Congress from both sides of the aisle together to work on the future of onchain finance → The Injective Policy Institute is continuing to work with lawmakers in D.C. on clear rules for tokenization, DeFi and onchain perpetuals The rules for onchain capital markets are being set right now, and Injective is at the table with the people setting them.

Injective now leads all major blockchains by revenue to fully diluted market cap. → Ahead of Solana → Over 20% ahead of Arbitrum → Over 8x Ethereum → Over 10x Sui and Avalanche Revenue / FDV is one of the clearest measures of whether a network’s valuation is backed by real usage. On Injective, that onchain revenue flows into the INJ Community BuyBack, permanently removing $INJ from supply every month. This revenue is set to accelerate as Injective onboards new tokenization initiatives and launches brand new products in the coming months.

The new Injective Whitepaper is officially live along with one of the largest enterprise partnerships to date. It’s our first full rewrite since the original paper in December 2018, and it lays out how every layer of Injective accelerates tokenization and gives them utility across markets, applications, and AI agents. Below are the top developments from across Injective this past week ⤵️ 🟪 The new Injective Whitepaper details native RWA tokenization with role-based permissions over mint, send, receive, and burn, plus iAssets that track external assets with oracle pricing. 🟪 Gulf Labs, part of Thailand’s $27 billion GULF Group, selected Injective for its institutional validator and will work with us across tokenization, stablecoins, and enterprise distribution. 🟪 @CanaryFunds confirmed the Canary Staked INJ ETF is coming soon under the ticker INJC. 🟪 Injective's Trench Treasury is live, and its first $INJ rewards went to the @sproutsomefun and @runupdotfun communities for bringing new users into the $INJ trenches. 🟪 10% of the @NinjaCatSF supply now sits in the Injective Trench Treasury, backing a Solana project that lets users earn $INJ directly with revenue. 🟪 Builders and users can now explore 270+ apps, projects, and partners integrated with Injective on the new Injective Ecosystem Page. 🟪 New CCTP routes let you move native @USDC to Injective from any EVM chain or Solana. 🟪 Injective Stockdrop rewards went sent out, allowing users to earn tokenized stocks from Nvidia to GameStop for burning $INJ 📊 Key Stats 🟪 Over $1 billion in RWAs is now tokenized on Injective, making it one of the largest chains by total RWA value. 🟪 @HelixMarkets posted $832 million in 7D volume and $83.4 billion in cumulative volume in its latest weekly review. 🌐 Ecosystem News 🟪 Injective took over Token 2049 with one of the largest events co-hosted with @Microsoft and visibility across every Grab ride which included Injective branding 🟪 $INJ is now live for trading on X across @coinbase, @krakenfx, @Gemini and @webullGlobal. 🟪 @CoinMarketCap published a full report on Injective’s onchain finance stack, from perps to RWAs and beyond. 🟪 Injective CEO @ericinjective was interviewed by the Block where he laid out Injective’s path to securing U.S. ETFs for $INJ in the coming months 🟪 Injective COO @mirza was interviewed by the Charles Schwab network on the growing dominance of tokenization and institutional adoption 🟪 Injective officially noted its ongoing work to integrate groundbreaking privacy and quantum-resistance to the network A new whitepaper, new USDC rails, new institutional partners in one week and major upcoming infrastructure upgrades across privacy & quantum-resistance. We're just getting started.

ICYMI: Injective recently introduced the first look at CypherOS, a groundbreaking privacy platform designed to enable unmatched access to confidential transactions, trades and tokenization. The future of onchain private finance is coming soon. Powered by $INJ

NEW: Gulf Labs, part of Thailand's $27 billion GULF Group, has selected Injective to deploy its institutional validator and will collaborate with Injective across tokenization, stablecoins and enterprise distribution. Institutional adoption for Injective is rapidly growing 👇

Today we are releasing the new Injective Whitepaper. It is the first full rewrite since our original paper in December 2018, which described a front-running-resistant exchange protocol on Ethereum. Eight years later, Injective has evolved greatly into becoming a layer-1 blockchain for institutional-grade finance and tokenization. Every layer of the protocol exists to issue real-world assets and give them real utility across markets, applications, and AI agents. Inside the paper → Asset issuance. Native RWA tokenization with role-based permissions over mint, send, receive, and burn, plus programmable receive hooks and sealable namespaces → RWA exposure. iAssets, stablecoin-margined, oracle-priced derivatives that track external assets with no wrapping or pre-funding → Trading. Tokenized assets trade on a fully onchain CLOB where each block runs a sealed frequent batch auction at a uniform clearing price, resisting front-running and ordering MEV → Settlement. BFT consensus with a greater-than-two-thirds commit threshold delivers deterministic finality with ~600ms blocks → Composability. Native EVM and WASM in one canonical state, with the MultiVM Token Standard keeping a single bank-module balance per asset, exposed to Solidity through precompiles → Derivatives. Perpetuals with time-weighted premium funding, initial and maintenance margin checks, reduce-only liquidations, and insurance funds → Agentic finance. AI agents operate on tokenized assets through MCP servers, policy-bounded signing, and x402 machine payments in USDC → Value accrual. Onchain protocol revenue flows to the recurring Community BuyBack for $INJ The paper formalizes each mechanism, from the consensus threshold and block lifecycle to the batch clearing rule, oracle accounting, derivative risk checks, permission model, and dynamic issuance controller. From issuance to settlement, one chain built for the full lifecycle of tokenized finance. Read it below.