Injective Protocol, a layer-1 blockchain focused on decentralized finances, launches the perpetual markets of pre-time onchain, giving global investors access to trade synthetic versions of large private companies such as Optaai.
The new offer allows users to take leverages up to the evaluations of private companies directly via injective, a displacement of the protocol, distinguishes it from pre-time centralized products offered by platforms like Robinhood, directly.
According to the announcement of injective on Wednesday, the perpetual pre-time is fueled by ONCHAIN’s data from the SEDA protocol, which provides decentralized oractructure to provide price data on blockchains, and CAPLIGHT, which brings together private market data for companies supported by a company.
“Unlike other pre-time solutions of Robinhood and others, the pre-time Perps of injective are constructed different,” said the protocol, highlighting features such as the complete execution of onchain, the programmability, the compasibility and the efficiency of the capital.
The first perpetual pre-time market will list the developer Chatgpt Openai, with a trading available on Helix, a decentralized exchange built on injective. The protocol said that additional private companies will be added in October.
Injective has positioned the launch within the framework of its wider mission to “bring each financial market”, referring to its concentration on the tokenization of real assets (RWA) and the expansion of DEFI in traditional markets.
The RWA market has increased rapidly this year, the total value of ONCHAIN’s financial assets reaching nearly $ 32 billion, according to industry data.
In relation: The Deutsche Telekom subsidiary becomes a validator of the injective blockchain
A distinction of Robinhood’s investment capital tokens
Historically, access to the pre-time market has been limited to institutional or accredited investors, creating obstacles for participants in retail. The model of injective uses perpetual derivatives of onchain linked to the reference prices of private companies, offering a decentralized means and without authorization to win an exhibition, but not being equivalent to the detention of equity.
The distinction is remarkable given Robinhood’s regulatory examination earlier this year on his “capital-investment tokens”, companies like Openai publicly clarifying that these products did not represent participations. However, as Galaxy Digital noted, Robinhood’s small characters say that actions tokens are “derivatives that provide indirect exposure to the underlying assets”.
Nevertheless, in July, the Bank of Lithuania, the main regulator of Robinhood in the European Union, said that it was looking for “clarifications” on the company’s action token.
An injective spokesperson has also clarified the difference between offers in a declaration at Cointelegraph: “This is much more unique because it is a perpetual derivative based on a reference price of the pre-time company,” they said, noting that the product is not accessible to users in the United States, the United Kingdom or Canada due to regulatory restrictions.
Review: Robinhood’s tokenized actions aroused a legal hornet nest