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Decentralized Stock Trading Launching on DeFi Platform Injective Protocol
The tokenized stock offerings initially include Airbnb, Amazon and Google.
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Injective Protocol, a decentralized derivatives exchange platform, will soon launch trading in tokenized stocks of major companies like Google.
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- Injective said Monday it would use oracle technology to provide decentralized price data for its new market and historical price data from outside traditional market hours, allowing trading around the clock.
- Users can leverage the Injective Solstice V2 network to trade stocks with the tether stablecoin "in a completely decentralized manner with zero gas fees,” Injective said.
- The stock offerings initially include Airbnb, Amazon and Google, with more companies to be introduced in the future.
- “Investing in stocks still remains inaccessible for billions of people worldwide while the existing platforms act as gatekeepers and suffer from technical challenges,” said Eric Chen, CEO of Injective Protocol.
Edit (10:25 UTC, Dec. 22, 2020): Removed Tesla as a tokenized stock option after information in a press release was corrected.
See also: Pantera Capital Leads $2.6M Seed Round for DEX Protocol Injective
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
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