Ethereum News Today: Injective Launches $1B ETH-Backed $SBET Tokenizing Corporate Treasuries in DeFi

Injective Protocol has launched its first onchain Digital Asset Treasury (DAT) by tokenizing SharpLink Gaming’s Ethereum reserves, representing over $1 billion in staked ETH through the newly issued $SBET token. This initiative, built on Injective’s iAssets framework, converts real-world Ethereum holdings into programmable, yield-generating assets. The $SBET token provides holders with immediate access to staking rewards, liquidity, and DeFi functionalities, transforming static corporate treasuries into dynamic financial instruments. By bypassing traditional intermediaries, the DAT model enables real-time integration with decentralized finance, offering instant collateral access, trading capabilities, and governance tools [1].

SharpLink Gaming’s Ethereum holdings—exceeding 176,270 ETH—are now fully staked and programmable via $SBET, allowing the token to function as both a tradable asset and a yield-bearing instrument within Injective’s ecosystem. The move aligns with broader trends in tokenization, where institutional-grade assets gain liquidity and utility on blockchain networks. Crypto analytics firm CryptoBusy described the development as the emergence of a new onchain asset class, highlighting its potential to redefine corporate reserve strategies by enabling real-time DeFi participation and capital efficiency [1].

Injective’s iAssets model extends beyond mere token wrapping by embedding functionalities such as lending, margin trading, and derivatives into DATs from inception. This approach allows assets like $SBET to be actively traded, used as collateral, or integrated into structured products without centralized barriers. The framework mirrors Injective’s prior work with onchain assets, such as its 24/7 tradable Nvidia stock, now applied to Ethereum treasuries. By democratizing access to corporate assets, Injective positions itself as a key infrastructure provider in the onchain treasury movement, fostering efficiency and transparency in asset management [1].

The $1B ETH-backed $SBET represents a strategic pivot for corporate treasuries, addressing longstanding inefficiencies in traditional management systems where assets are often illiquid and inaccessible. The DAT model’s ability to unlock capital efficiency through staking and DeFi participation could incentivize more enterprises to tokenize their holdings, accelerating adoption of onchain financial systems. However, sustained demand for $SBET’s utility across DeFi protocols and the stability of Ethereum’s staking yields will be critical to its success. The project also underscores the potential for tokenized assets to blur the lines between corporate finance and decentralized ecosystems, challenging traditional custodianship models [1].

As Injective expands its DAT framework, the initiative could catalyze innovation in asset tokenization, provided it navigates regulatory scrutiny and maintains transparent governance. The $SBET launch demonstrates the feasibility of integrating large-scale corporate assets into DeFi, offering a blueprint for future onchain treasury solutions. By bridging corporate reserves with decentralized finance, Injective aims to redefine asset management, positioning tokenized treasuries as a cornerstone of the next-generation financial infrastructure [1].

Source: [1] [Injective Powers First Onchain Treasury with $1B ETH via SharpLink’s $SBET] [https://blockonomi.com/injective-powers-first-onchain-treasury-with-1b-eth-via-sharplinks-sbet/]