Injective has officially launched SBET, the world’s first on-chain Digital Asset Treasury (DAT), representing a major breakthrough for its iAssets framework and the expanding ecosystem of tokenized real-world assets.
SBET tokenizes SharpLink Gaming’s $1 billion Ethereum (ETH) treasury, converting it into a fully tradable, yield-bearing asset on the blockchain. Built using Injective’s iAssets infrastructure, SBET redefines how companies manage and utilize crypto reserves by bringing liquidity, flexibility, and utility to traditionally idle corporate treasuries.
Unlike conventional treasuries, SBET can be traded around the clock, used as collateral in DeFi, staked for passive income, or integrated into advanced financial products like derivatives and structured assets.
The launch follows SharpLink’s bold ETH accumulation and staking campaign. Following the initial announcement—driven by a collaboration with ConsenSys and Ethereum co-founder Joe Lubin—SBET shares surged over 400%. In mid-July, renewed bullish sentiment around Ethereum pushed SBET stock up another 29%, mirroring ETH’s price momentum.
Injective’s Expanding Portfolio of Tokenized Assets
Beyond SBET, Injective is rapidly broadening its lineup of tokenized products, leveraging its iAssets framework and RWA (Real-World Asset) module to bring an increasingly diverse range of traditional and digital assets on-chain.
Among its flagship offerings are yield-generating stablecoins such as USDY by Ondo Finance, USDM by Mountain Protocol, and AUSD by Agora—a collaboration with VanEck and State Street. These stablecoins offer daily rebasing or interest-bearing features, allowing DeFi users to earn passive income while preserving liquidity and maintaining price stability.
Injective has also pioneered tokenized indices and synthetic asset markets. Notable examples include the BlackRock BUIDL Index Perpetual Market, which mirrors the performance of the BUIDL fund—backed by short-term U.S. Treasuries—and AIX, a hybrid AI index combining leading AI tokens with traditional tech equities like NVIDIA. Additionally, equity-based iAssets such as iNVDA provide decentralized, leveraged exposure to individual stocks.
In a significant development this April, Injective introduced tokenized commodities to its platform. Precious metals like gold (XAU) and silver (XAG) are now represented on-chain, offering users 24/7 access to historically illiquid markets. These assets can be traded, staked, or used as DeFi collateral, transforming them from passive stores of value into dynamic financial instruments.
