BTC Trader

[Injective 🥷 @injective]

The Injective Vulcan Mainnet Upgrade proposal is now live for voting.

One chain bringing together stablecoins, tokenized RWAs, and the lowest fees in crypto.

The biggest step yet towards making Injective the settlement layer for all onchain finance.

A deep dive 🧵

[Injective 🥷 @injective]

OFFICIAL NOTICE FROM INJECTIVE

Today the @CFTC approved the first perpetual contract to list on a registered U.S. exchange. This is a major turning point for the entire industry.

Perpetuals are the most actively traded instruments in crypto, and American participants can finally reach them inside a regulated venue instead of being pushed offshore.

For most of the past decade, the rules sent this market overseas, and liquidity, talent, and builders went with it. Millions of Americans today are being left out of the most important asset class of our lifetimes. Treating perpetuals as a serious financial instrument is the first step toward bringing that activity home.

Injective worked to pioneer decentralized perpetuals and has settled perpetual markets onchain since 2021, powering more than $70 billion in volume through a fully onchain orderbook that anyone can verify in real time.

We laid the groundwork, and we continue to push for more innovation across crypto and for perpetuals to be recognized as a core financial primitive that benefits not just America but the world.

We look forward to engaging further with the Commission as this framework develops and to bringing crypto innovation back onto American shores.

Made in America. Made for innovation. Made for progress 🇺🇸

[Injective 🥷 @injective]

Onchain revenue on Injective is rapidly rising.

And the revenue is used to directly carry out $INJ buybacks.

It's time to accelerate this year.

[Injective 🥷 @injective]

Native USDC is officially live on Injective.

$77 Billion in regulated stablecoin liquidity from Circle can now be utilized to access Injective's tokenized stocks alongside Pre-IPO assets like @SpaceX.

A new stablecoin universe is being created.

Powered by $INJ

[Injective 🥷 @injective]

We just launched a brand new site dedicated to help you launch onchain AI agents that allow you to earn on autopilot.

Build an onchain agent in minutes. Let it auto trade, route, and execute strategies while you sleep.

Only possible on Injective.

https://t.co/1RBcMt5IJk

[Injective 🥷 @injective]

The Injective Nova Program opening ceremony today alongside Microsoft was a resounding success!

⚒️ Over 1,000 attendees
⚒️ A new legion of devs in Asia building with $INJ
⚒️ The largest Web2 tech companies working with Injective

We're just getting started.

[Injective 🥷 @injective]

Tokenized U.S. Treasuries have become the anchor of onchain finance.

The category now holds roughly $15 billion, close to half of all distributed RWA value, according to Binance Research as of May 14.

That base is built on the largest names in asset management. BlackRock's $BUIDL, Circle's $USYC, and Franklin Templeton's $BENJI all settle onchain today.

A year ago the category sat near $5 billion. The shift reflects institutional capital choosing programmable settlement over legacy rails.

Injective added native $USDC in May, a regulated dollar backed by short-term Treasuries, giving its RWA markets a settlement asset built with the most regulated stablecoin in the world. Today Injective offers access to Pre-IPO assets, commodities, stocks and more through one unified liquidity layer built for finance.

Onchain Treasuries have moved from experiment to infrastructure as Injective continues to bring every major asset onchain before anyone else.

All powered by $INJ

[Injective 🥷 @injective]

Today, we are officially introducing The Injective Policy Institute (IPI).

The policy and research arm of Injective will work directly with regulators and lawmakers to advance onchain finance innovation in Washington, D.C. and throughout the United States 🇺🇸

[Injective 🥷 @injective]

BREAKING: Onchain agents can now pay in $USDC on Injective!

In the demo, an agent uses USDC to trade tokenized $TSLA stock onchain.

Deploy onchain agents for RWA use cases with the simplest UX. The agentic and tokenization economy are coming together.

Only on $INJ

[Ondo Finance @OndoFinance]

Tokenization and the Future of U.S. Capital Markets

The way investors access public markets is being rebuilt. Tokenization, once a fringe idea, is becoming core infrastructure, and the implications run well beyond crypto.

Ondo has been building toward this future for years. We launched one of the first and most widely held tokenized Treasury products, and today we bring stocks and ETFs onchain at meaningful scale. Along the way, our goal has been the same: make the financial system more accessible, more efficient, and more useful to the investors it exists to serve.

One of the great strengths of U.S. capital markets is the range of ways investors can gain exposure to the same underlying asset: direct ownership, funds, ETFs, derivatives, structured products. Tokenization is a natural extension of that tradition. Different forms, including “native” and “wrapped”, each have a role to play, and each can expand investor choice without compromising the protections that make these markets trusted in the first place.

For U.S. policymakers, the question to ask of any new development remains: does it serve investors, promote market integrity, and strengthen the U.S. position as the financial capital of the world? We’re optimistic about where this is heading, and ready to keep building.

[Injective 🥷 @injective]

The Injective X Microsoft Nova program launch is officially imminent.

The program is set to be the largest of its kind to bring a new legion of developers into the Injective ecosystem as we expand our footprint across Asia and beyond.

[Ondo Finance @OndoFinance]

Tokenization keeps winning.

In a historic week, the CLARITY Act clears the Senate Banking Committee while Ondo tokenized stocks are the first to pass $1B in TVL.

Latest tokenization news ↓

1️⃣ Ondo tokenized stocks surpass $1B in TVL

In less than 8 months, Ondo Global Markets became the first tokenized stock & ETF platform to reach $1 billion in TVL, one of the fastest climbs in the history of onchain finance.

https://t.co/5I4PsBFBUr

2️⃣ J.P. Morgan’s crypto push deepens with filing for tokenized fund

JPM plans to launch its second tokenized money market fund on Ethereum, representing shares in its underlying portfolio of Treasuries and repurchase agreements.

https://t.co/DwdF6Uj2nx

3️⃣ Fidelity International issues its first tokenized MMF

The initial tokenization is on Ethereum, with the ZKsync Layer 2 network to follow. Fidelity Investments, a separate entity, issued its first tokenized MMF over a year ago, with the majority used as collateral by Ondo’s OUSG Short-Term US Treasuries Fund.

https://t.co/VXJNuFuDQo

4️⃣ CLARITY Act clears Senate Banking Committee

If signed into law, the CLARITY Act would define digital assets in U.S. law, clarify rules for tokenized assets, establish SEC and CFTC jurisdiction, and unlock institutional participation.

https://t.co/wtHv7efavs

5️⃣ Tokenized RWA market crosses $37.5B

Onchain real-world assets reached $37.5 billion in total market cap, led by tokenized U.S. Treasuries, funds, stocks, and yield products.

https://t.co/0N0pkGSX4n

[Injective 🥷 @injective]

ALPHA: The first Injective Summit speakers will be revealed next week 👀

Some of the biggest government and institutional names in one room. Stay tuned!

[Ondo Finance @OndoFinance]

Tokenized ETFs are on the rise.

$IVVon's market cap is up ~150% in the past month, making it the largest tokenized ETF.

Ondo Global Markets holds ~74% of the tokenized ETF market, setting the standard for how real-world assets come onchain.

[Injective 🥷 @injective]

Binance, The largest exchange in the world just launched $INJ in America for the first time.

On the same day, the CLARITY Act passed the Senate Banking Committee, setting Injective up to be one of the only Clarity Act Compliant companies in the U.S. from day one 🇺🇸

[Injective 🥷 @injective]

🇺🇸 The CLARITY Act has cleared the Senate Banking Committee.

Injective has spent years building infrastructure for exactly this moment. We are ready to be one of the only assets to be CLARITY Act compliant from day one.

This is the most significant step U.S. crypto policy has taken in a decade, and it puts onchain finance on a path to legitimate market structure.

The act will define the role of digital assets in the U.S. while creating a new pathway for asset tokenization while enabling a new legion of institutions to participate in the new onchain economy.

Injective is one of the leading American-built protocols in this industry, and one of the few directly positioned to benefit from CLARITY passing. Our team has worked directly with officials across government and the SEC, helping shape the kind of clear guidance crypto needs to thrive in America.

America is set to lead a new wave of crypto adoption once the act passes. Injective is here to build the path forward.

[Ondo Finance @OndoFinance]

A landmark moment for tokenization.

The CLARITY Act has cleared the Senate Banking Committee, moving the U.S. closer to a clear framework for digital assets.

If signed into law, the CLARITY Act would:

→ Define digital assets in U.S. law
→ Clarify rules for tokenized assets
→ Unlock institutional participation
→ End years of regulatory uncertainty
→ Establish clear SEC and CFTC jurisdiction

The bill now heads to the full Senate, with House reconciliation and Presidential signature to follow.

The U.S. has led global finance for generations. If passed, this bill would help carry that leadership into the next evolution of markets, one defined by tokenization and digital assets.

[Injective 🥷 @injective]

Injective USDC is coming to @cosmoshub and @dYdX as the canonical stablecoin standard.

One of the largest blockchains and one of the largest perp DEXs in history. Every @USDC on both, will start with Injective USDC.

Coming Soon. ⏳️

[Ondo Finance @OndoFinance]

$1,000,000,000+ in tokenized stock TVL.

In less than 8 months, Ondo Global Markets became the first tokenized stock & ETF platform to reach $1 billion in TVL, one of the fastest climbs in the history of onchain finance.

Ondo Global Markets has established itself as the standard for tokenized stocks and ETFs:

→ Over 70% market share
→ Tens of thousands of holders
→ Over $18B in cumulative volume
→ Live across @solana, @BNBCHAIN & @ethereum

Since launch, the platform has scaled to 260+ tokenized stocks & ETFs, expanding access to the world's most in-demand sectors across AI, biotech, defense, energy, and more.

The pace of tokenization is accelerating with every new asset class. What took stablecoins and tokenized Treasuries years, Ondo tokenized stocks and ETFs achieved in under a year, faster than any asset class before them.

This milestone reflects a generational shift in how global investors access capital markets, one that is more transparent, more accessible, and more efficient than the legacy system.

One billion down. Trillions to go.

[Ondo Finance @OndoFinance]

Another big week for tokenization.

Ondo completes the first cross-border tokenized Treasury redemption on the XRP Ledger, the Fed addresses tokenization, BlackRock files for two new onchain funds, and more.

Latest tokenization news ↓

1️⃣ Ondo, JPMorgan, Mastercard & Ripple complete first cross-border tokenized Treasury redemption

Ondo processed Ripple's OUSG redemption on the XRP Ledger, with Mastercard's Multi-Token Network routing instructions to Kinexys by J.P. Morgan, which delivered USD to Ripple's Singapore bank account in near real time and outside traditional banking windows.

https://t.co/jdsFtKbLYA

2️⃣ DTCC advances tokenization service with 50+ firms

DTCC is building a tokenization service designed to bring the core of U.S. capital markets onchain. Ondo joins BlackRock, Goldman Sachs, JPMorgan, NYSE, and others in the working group.

https://t.co/82FCwsPf1A

3️⃣ BlackRock files for two new tokenized funds

The world's largest asset manager filed for a stablecoin reserve fund and an onchain share class for its ~$6.1B money market fund, both on Ethereum. Both are pending SEC approval.

https://t.co/ITuJjQxyUs

4️⃣ Federal Reserve Governor Lisa Cook speaks on tokenization

In a speech in Dakar, Cook noted U.S. tokenized assets more than doubled in the past year, and outlined tokenization's potential to improve settlement, collateral management, and intraday liquidity.

https://t.co/Jpcp8Q5BIp

5️⃣ Onchain RWAs cross $30B

Total tokenized RWA TVL crossed $30B per https://t.co/lUoOxl98e7, up over 4x from the start of 2025. Tokenized Treasuries lead at 15B+, while tokenized stocks are up over 21,000% in market cap in under a year.

https://t.co/otP8dKBPxM

6️⃣ Bullish acquires Equiniti for $4.2B

The deal combines Bullish's digital asset infrastructure with Equiniti's global transfer agent operations, serving nearly 3,000 issuer clients and 20M+ shareholders. Closing expected January 2027.

https://t.co/EyqgGPCAL0