Injective Onboards SharpLink's $1.3B ETH Treasury On-Chain

Injective Pioneers On-Chain Digital Asset Treasuries with SBET

Injective has introduced SBET, the first on-chain tokenized Digital Asset Treasury (DAT), converting SharpLink Gaming’s Ethereum holdings into an accessible on-chain instrument. This innovative move leverages Injective's iAssets framework.

Key Takeaways:

• Injective launched SBET to tokenize SharpLink's $1.3 billion ETH treasury on-chain.
• SBET enables staking, real-time trading, and DeFi collateralization via Injective's iAssets framework.

SharpLink Gaming's Substantial Ethereum Holdings

SharpLink Gaming, a significant corporate holder of Ethereum, has accumulated 360,807 ETH, valued at approximately $1.3 billion at current market prices, since initiating its treasury strategy last month.

iAssets Framework Powering SBET

According to Injective, the SBET digital asset treasury operates using Injective’s iAssets framework. This framework allows real-world assets to function as programmable primitives with built-in governance, trading, staking, and cross-protocol composability.

“Through Injective’s iAssets framework, SBET is no longer a static equity but a programmable financial primitive,” stated Injective. “From the very first day of issuance, it can be deployed across lending markets, used as collateral, incorporated into derivatives, or embedded into entirely new structured products without the capital inefficiencies or settlement delays that exist in traditional finance.”

Injective at the Forefront of Institutional Capital Migration

This move positions Injective as a leader in the growing trend of institutional capital migrating to on-chain infrastructure.

“Injective’s vision is to merge the traditional and on-chain worlds, creating a financial system that is not only open and accessible but also far more efficient. The launch of SBET as an on-chain digital asset treasury is a clear demonstration of that mission,” Injective stated.

Industry Perspective on Digital Asset Treasuries

Matt Sheffield, Director of Trading at FalconX, highlighted that digital asset treasuries are bridging the gap between traditional and on-chain markets by offering structured and transparent access to crypto.

“The launch of an on-chain product tracking SBET by Injective marks a notable milestone, bringing the capital efficiency of public markets to DeFi infrastructure in a composable and transparent way,” Sheffield said.

Expansion of iAssets on Injective

The launch of on-chain SBET follows Injective’s prior introduction of iAssets linked to traditional equities, including Nvidia, Meta, and Robinhood, as well as gold, oil, and FX markets. All are tradeable 24/7 and programmable from inception. This underscores Injective’s commitment to bringing diverse asset classes into the decentralized finance ecosystem.