Injective brings largest publicly traded stocks on-chain with new TradFi index

Injective is taking another step toward narrowing the gap between traditional finance and decentralized finance by bringing stocks of the largest publicly traded companies on-chain.

The layer-1 blockchain has introduced the TradFi Stocks Index, an on-chain index that will track some of the world’s largest publicly traded companies, including Amazon, Apple, Microsoft, and Goldman Sachs.

Injective ( INJ ), which recently unveiled an index combining top artificial intelligence stocks and tokens, sees the TradFi index as a new era for global finance.

“This launch of the TradFi index is a major step toward our vision of democratizing access to financial markets,” said Eric Chen, chief executive officer and co-founder, Injective Labs. “For the first time, users can engage with the largest publicly traded equities on-chain in an entirely decentralized manner, free from traditional market constraints.”

The on-chain index will allow users to track hundreds of publicly listed stocks, offering a decentralized trading experience for equities. Access will be available through a single integrated product, which will be featured on Injective’s leading decentralized exchange, Helix.

Key features of the TradFi index include 24/7 trading and up to 25x leverage.

The launch of the equities index on Helix follows Injective’s rollout of the AI Index Perpetual Market, with ticker AIX, on the DEX. A few days later and the new era of finance continues with the TradFi Stock Index, which is a milestone that follows a governance vote for the launch of the first on-chain S&P 500 Index.

“By bringing the most sought after traditional finance markets on-chain, we’re not just creating a new trading product; we’re redefining what’s possible in decentralized finance,” Chen added. 

While the stocks index will offer access to global giants in the equities market, AIX brings a product that puts together AI tokens and NVIDIA, Taiwan Semiconductor and other AI stocks. In the crypto market, Injective, ai16z, Bittensor and Virtuals Protocol.