Injective’s Major Updates From 2025

Injective, a high-performance Layer-1 blockchain tailored for decentralized finance (DeFi), rolled out a series of updates in 2025 that highlight its shift toward real-world asset (RWA) tokenization and broader institutional adoption. These include technical upgrades, tokenized finance products, and validator partnerships with major global corporations like Google Cloud and Deutsche Telekom.

From forex trading to tokenized corporate treasuries and traditional equities, Injective is establishing itself as a central hub for bringing real-world finance on-chain.

Injective’s TradFi Stock Index

Last February, Injective launched its TradFi Stock Index, which tracks hundreds of major publicly traded companies like Apple, Microsoft, Amazon, and Goldman Sachs. Available on Helix, Injective’s native decentralized exchange (DEX), this index allows users to trade stock-based assets 24/7 with up to 25x leverage—unlike traditional stock markets with fixed trading hours.

Key features of the TradFi Stock Index:

• Permissionless access to equity markets
• Non-stop trading hours (24/7)
• Leverage up to 25x on select assets

This development pushes Injective closer to its vision of making global financial markets continuously available on-chain.

Nivara Chain Upgrade Scheduled for February 2025

In February 2025, Injective activated the Nivara chain upgrade. Passed through proposal IIP-494, this upgrade includes several important enhancements:

Expanded Oracle Support for Real-World Assets

Injective will introduce a next-generation oracle that supports real-time pricing data for tokenized assets. This helps dApps more accurately reflect asset values.

Updated RWA Module

The updated RWA module architecture brings flexible configuration and stronger access controls, making Injective more capable of supporting complex tokenization use cases.

New Authorization System

With the Nivara upgrade, Injective adds support for more granular permissions through Authz grants, giving institutions better control over smart contract actions and delegation.

Improved Market Security

Injective’s exchange module will now support market fund isolation—separating funds in derivatives and binary options markets for better risk management.

Bridge Security Enhancements

Injective also strengthens its cross-chain bridge with:

• Segregated wallet systems
• Batch fee constraints
• Detailed event logging for all deposits

Institutional Validators Join Injective

Deutsche Telekom Enters as a Validator

Deutsche Telekom MMS, a subsidiary of the global telecom firm, became a validator on the Injective network. This move brings enterprise-grade security and global reach to Injective's validator set.

Deutsche Telekom contributes to:

• Transaction validation
• Uptime and network reliability
• Protocol governance

Google Cloud Partnership

Google Cloud has also launched a validator node on Injective and integrated its Web3 tools. Through this partnership, developers now gain access to Google BigQuery’s public datasets via Injective Nexus, a data service that allows for advanced blockchain analytics.

Tokenized Private Funds and RWA Access via Libre

In collaboration with Nomura’s Laser Digital and Libre, Injective now supports tokenized access to leading institutional investment products.

These include:

• Laser Carry Fund (LCF): A market-neutral crypto strategy
• BlackRock Money Market Fund: Stable, tokenized treasury yields
• Hamilton Lane Credit Fund: Private credit investments, now on-chain

This marks a major milestone for DeFi as it enables institutions to interact with tokenized versions of legacy financial instruments on a decentralized blockchain.

SBET: A New Era in Digital Asset Treasuries

Injective has introduced SBET, the first on-chain digital asset treasury token. Backed 1:1 by Ethereum from SharpLink Gaming’s $1 billion treasury, SBET allows continuous trading, staking, and use in DeFi applications.

Built on Injective’s iAssets framework, SBET offers:

• Real-time liquidity
• On-chain programmability
• Transparency and governance controls

Unlike traditional corporate treasuries that sit idle, SBET opens the door to yield generation and composable DeFi strategies.

Injective Launches On-Chain Forex Trading

Through its iAsset framework, Injective recently enabled 24/7 trading of major fiat currency pairs including EUR/USD and GBP/USD. This gives users access to forex markets—traditionally closed off to retail participants—directly on-chain with up to 100x leverage.

Forex market facts:

• Over $7.5 trillion traded daily
• EUR/USD: $1.71 trillion daily volume
• GBP/USD: $700+ billion daily volume

By removing intermediaries, Injective’s FX markets allow open access to what is traditionally one of the most restricted asset classes.

Lyora Mainnet Upgrade Boosts Speed and Stability

Earlier in 2024, Injective launched the Lyora upgrade, which overhauled core transaction processing and infrastructure. The results:

• Faster transaction speeds
• Greater throughput
• Improved reliability during network congestion

This upgrade also redesigned the mempool to prioritize high-value transactions during peak load, improving the user experience for time-sensitive applications like high-frequency trading.

Native EVM Testnet Brings Solidity to Injective

Injective rolled out its public Ethereum Virtual Machine (EVM) testnet with native support—no rollups, bridges, or external dependencies.

Technical highlights:

• Supports over 800 lightweight transactions per second
• Native integration into Injective's main chain
• Built-in compatibility with MetaMask, Foundry, and Remix

With this, developers can now deploy Solidity smart contracts alongside Injective’s WASM-based smart contracts using the MultiVM architecture, unlocking composability across virtual machines.

Strategic Direction: Injective Council Formed

Injective established the Injective Council, an advisory body composed of leaders from:

• Google Cloud
• Deutsche Telekom
• Galaxy
• BitGo
• Republic
• NTT Digital
• KDAC

Their focus includes:

• Aligning Injective’s tools with institutional needs
• Pushing RWAs like credit, equities, and structured products into the mainstream
• Driving DeFi innovation with enterprise backing

Canary Staked INJ ETF

Canary Capital has filed with the U.S. SEC to launch the Canary Staked INJ ETF, which would give investors regulated access to Injective’s native token while offering staking rewards. If approved, it would be the first ETF to combine price exposure with staking-based yield for a Layer-1 token.

FAQs

1. What is Injective used for?
   Injective is a Layer-1 blockchain designed for building decentralized finance (DeFi) applications, including derivatives trading, real-world asset tokenization, and permissionless exchanges.

2. Can I trade stocks and forex on Injective?
   Yes. Injective supports 24/7 trading of tokenized stock indices and foreign currency pairs like EUR/USD and GBP/USD through Helix and its iAsset framework.

3. How is Injective different from other blockchains?
   Injective offers a native order book, supports high-speed EVM contracts, and focuses heavily on real-world asset tokenization with enterprise validator partnerships and infrastructure.

Conclusion

Injective continues to expand beyond its original DeFi niche by merging institutional finance, tokenization, and developer accessibility. From real-world asset trading to global validator support and EVM compatibility, the platform is steadily becoming a full-featured financial infrastructure layer. With a growing focus on regulated products, real-world data feeds, and enterprise-grade validation, Injective is shaping up to serve both institutional and retail needs in a unified blockchain ecosystem.

Resources:

1. Injective documentation: https://docs.injective.network/

2. Injective SBET Announcement: https://blog.injective.com/injective-pioneers-the-first-onchain-digital-asset-treasury-with-sbet/

3. Canary Staked INJ ETF Application: https://www.sec.gov/Archives/edgar/data/2073616/000199937125009309/canaryinj-s1_071725.htm?ref=blog.injective.com

4. Injective EVM Public Testnet Announcement: https://blog.injective.com/the-injective-evm-public-testnet-is-now-live-welcome-to-the-fastest-unified-layer-for-finance/

5. Injective iAssets Paper: https://injective.com/iAssets_Paper.pdf