- Injective proposes launching the first on-chain S&P 500 Index, integrating traditional finance with decentralized markets through perpetual trading.
- The governance vote on Injective’s S&P 500 Index proposal will determine its approval, potentially revolutionizing blockchain-based access to stock indices.
Injective has submitted a governance proposal to launch the world’s first on-chain S&P 500 Index. If approved, the launch will take place this coming Monday, representing a significant step toward the merger of decentralized and traditional finance.
Injective has deployed a brand new governance proposal to launch the first ever on-chain S&P 500 Index.
If approved, the release will occur on Monday, setting a massive milestone for all of finance.
The future of RWAs is here. The future of finance is here on $INJ pic.twitter.com/wvavSOtV6i
— Injective
(@injective) February 6, 2025
How Could the S&P 500 Index Come to the Blockchain?
Representing the performance of 500 major firms, the S&P 500 Index is the main benchmark for the US stock market. Imagine, then, if the index could be traded on-chain, free from traditional middlemen. With their most recent proposal, Injective is aiming at doing just that.
The proposal is identified as ID 493 with a “Perpetual Market Launch Proposal” kind. Eventually, the index will therefore be accessible as a perpetual market that lets users engage in S&P 500-based derivatives trading straight on the blockchain. Voting is still under progress and finishes in four days.
Injective Expands with Key Strategic Partnerships
On the other hand, Injective keeps growing its ecosystem by means of strategic partner cooperation. One of the most recent advancements, as we previously reported, is Korea Digital Asset Custody (KDAC) joining as an injective validator.
One of the biggest digital asset custodians in South Korea, KDAC is the only one with SOC 1 Type 2 certification there. This reveals that KDAC runs under rigorous compliance rules.
In addition, Injective is also working with Sonic SVM to integrate the Solana ecosystem through IBC (Inter-Blockchain Communication). This move seeks to increase cross-chain AI interoperability, therefore enabling digital asset trading and DeFi sector access to AI technologies.
AI Market and Injective Expansion
In addition, Injective earlier launched the AI Index Perpetual Market, which aggregates traditional equities with AI-based assets on one decentralized trading platform. Injective looks to want to be leading this innovation since the AI market is expected to reach $1.5 trillion in the next five years.
Meanwhile, INJ was trading at about $13.14 at press time, down 8.29% over the last 24 hours, and lowering its market cap below the $1.5 billion mark.
