For the first time, Wall Street traders discovered that the BlackRock fund shares they managed could be traded 24 hours a day in token form on a decentralized exchange, and this blockchain network was partially supported by giants like Google Cloud and Deutsche Telekom.
When the world of cryptocurrency was still debating whether it could replace traditional finance, a blockchain named Injective quietly invited traditional financial giants to the dance floor, starting an elegant and profound co-dance.
There is no life-and-death alternative narrative here, but rather a deep integration based on complementary advantages and capability coupling. The world's largest asset management companies, top telecom operators, and established investment banks are writing their names into Injective's validator list and governance committee.
01 The partner takes the stage: the on-chain footprints of the giants
Stepping into Injective's ball, you will see a group of remarkable participants. This integration is not mere talk, but is based on a series of substantial collaborations.
Core partners and institutions
· Top asset management companies
· BlackRock: Launched a tokenized index on Injective through its BUIDL fund (managing over $500 million in assets); its money market fund has also been integrated on-chain through Libre.
· Nomura / Laser Digital: The Laser Carry Fund (market-neutral strategy fund) has achieved tokenization on Injective.
· Hamilton Lane: Private credit funds are tokenized and introduced into the Injective ecosystem.
· Technology and telecom giants
· Google Cloud: Joined the Injective Council as a founding member, providing infrastructure and expertise.
· Deutsche Telekom / T-Mobile: Both a network validator and a member of the strategic committee, collaborating to build the future of on-chain finance.
· Financial technology and investment institutions
· Republic: Joined as an important verifier to promote institutional-level Web3 adoption.
· Galaxy & BitGo: Providing key experience in asset custody and tokenization.
· Pineapple Financial: Announced the establishment of a $100 million INJ digital asset treasury strategy and appointed members of the Injective Foundation to its advisory board.
These collaborations reveal a clear picture: traditional giants are not merely testing the waters at the margins but are deeply embedded in Injective's ecological architecture from multiple dimensions such as capital (assets), technology (infrastructure), and governance (committees).
02 The foundation of co-dancing: the olive branch extended by Injective
Why do traditional giants choose to dance with Injective? The answer lies in Injective's precise resolution of traditional finance's long-standing pain points and the offering of several irresistible 'olive branches'.
The first olive branch is ultimate efficiency and cost revolution. In traditional finance, the settlement cycle is measured in days (T+2), and intermediary costs are high (1%-2%). On-chain settlement provided by Injective takes only seconds, with total trading costs below 0.1%. For institutions managing trillions in assets, this means massive liquidity release and cost savings.
The second olive branch is a compliant and controlled entry for innovation. Injective provides a safe zone for institutions through the 'iAssets' framework and 'Libre Gateway' compliant entry. It supports whitelist management and asset tokenization compliant with securities regulations, allowing giants to explore new frontiers within a familiar regulatory framework.
The third olive branch is modular and programmable financial Legos. Injective modularizes complex financial functions such as order books, derivatives, and oracles. Institutions like the Nomura Laser Carry Fund can easily utilize these modules to create complex strategy products that automatically capture new sources of income such as on-chain staking yields and funding rates.
03 Competition and cooperation: both partners and potential rivals
Any co-dance implies a subtle relationship of competition and cooperation. The relationship between Injective and traditional finance is far from a simple partnership, but rather contains potential competition and games on three levels.
The first layer of competition: the struggle for the core of the value chain. Traditional financial giants, especially exchanges and clearinghouses, derive their core profits from information asymmetry and intermediary privileges. The transparent, permissionless, peer-to-peer trading and settlement network advocated by Injective fundamentally undermines this foundation in the long run. The current collaboration is a form of 'hedging' and 'learning' for giants under a new technological paradigm.
The second layer of competition: control over the pace of innovation. By joining the Injective Council, giants like Google Cloud and Deutsche Telekom gain 'early insights and influence' over the protocol roadmap. This can guide Injective towards a direction favorable for institutional integration, but it may also inadvertently suppress more disruptive native DeFi innovations that could overly impact the existing system, keeping the pace of innovation within acceptable limits for traditional powers.
The third layer of tension: the struggle for narrative dominance. Injective's ultimate vision is to become an open global financial settlement layer. Traditional institutions may be more inclined to view it as an efficient 'back-end tool' or a new 'asset issuance channel'. This fundamental narrative difference may lead to divergent routes as ecological development enters deeper waters.
04 Fusion catalyst: The real gravitational pull of RWA and tokenization
If technology is the dance music, then the strongest sound driving the co-dance is undoubtedly the wave of 'real-world asset' tokenization. This forms the practical catalyst for cooperation between the two parties.
According to industry reports, the global private equity and hedge fund market exceeds $10 trillion, but liquidity is severely restricted. Tokenization can transform these assets into forms that can be traded 24/7 and integrated into DeFi Legos, unleashing tremendous potential. BlackRock's BUIDL fund launching an index on Injective, enabling ordinary users to access products previously restricted to institutions (minimum $5 million) for just $1, is a reflection of this trend.
Institutions like Boston Consulting Group predict that the RWA market may reach $10 trillion by 2030. For Injective, this is an epic opportunity to lock in vast amounts of quality assets and enhance ecological value; for traditional finance, it is a race against time to seize market share in the new global digital asset market and avoid marginalization. Shared interests make the dance steps increasingly close.
05 Future dance steps: from cooperation experiments to ecological reshaping
Current collaborations have surpassed simple pilot projects and are moving towards deeper ecological integration. Future dance steps may unfold around several directions:
The explosion of institutional-grade DeFi products. We will no longer only see tokenized U.S. stocks or funds, but there will be on-chain structured notes designed by Goldman Sachs that utilize Injective's derivatives module for automated risk hedging, or programmable bonds issued by Morgan Stanley linked to a basket of tokenized private equity.
The on-chain reconstruction of traditional financial infrastructure. Cases like Pineapple Financial announcing it has become the largest INJ holder and staker, and building an on-chain mortgage platform will become more common. Traditional financial companies may migrate some core businesses, such as trade finance, syndicated loans, and complex derivatives clearing, to efficient on-chain environments like Injective for reconstruction.
The deep integration of regulation and governance. The giants gathered in the Injective Council will become an important bridge connecting the decentralized world with global regulatory bodies. They may jointly promote the formation of a new regulatory framework tailored for on-chain native financial assets, which will be a key step for the co-dance to move from 'dance floor' to 'rule-making'.
When BlackRock's funds are traded on Injective in an exponential manner, and when Google Cloud and Deutsche Telekom's server clusters provide security verification for this financial blockchain, the nature of the story has changed. This is no longer a simple narrative of grassroots disruptors against ivory towers, but a financial paradigm shift driven and participated in by the top traditional forces.
In this co-dance, Injective plays not the humble role of a 'tool provider' but rather the architect of the new dance floor and a co-creator of the new rules. It has won a seat at the table for equal dialogue with traditional giants and even guiding their transformation through specialized financial infrastructure. The endpoint of this co-dance may not be a winner-takes-all outcome but the birth of an unprecedentedly efficient global financial new ecology, resulting from the fusion of traditional finance and open finance genes.@Injective #Injective $INJ
