The decentralized Injective Protocol platform launches trading of tokenized shares of large companies using Band Protocol price oracles.
Trading in tokenized shares of the world’s largest companies, such as Google, will begin this week. The platform uses the Band Protocol to provide pricing data for its new market.
In addition, Injective Protocol has partnered with the decentralized payment company Terra to provide price data outside of traditional market hours, allowing trading around the clock.
Injective Protocol customers can use the Injective Solstice V2 network to trade stocks paired with the USDT stablecoin “in a fully decentralized manner and with zero gas fees.”
Initially, the stock offers include Airbnb, Tesla, Amazon and Google, but more companies will be represented in the future. CEO Injective Protocol Eric Chen (Eric Chen) said:
“Equity investments are still inaccessible to billions of people around the world, while existing platforms act as intermediaries and suffer from technical problems.”
Recently, the Swiss bank Sygnum tokenized its shares using the Ethereum blockchain and the Desygnate platform, and at the end of October, the FTX exchange announced the launch of trading in tokenized shares of Apple, Tesla and Amazon paired with BTC.