ChainsEmerging

Injective

RWA as a chain-level primitive instead of an app on top. Interesting thesis. Hasn't attracted the issuers to prove it yet.

injective.com ↗#L1#Cosmos#DeFi#RWA moduleStale, re-verify May 13, 2026
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Brief

Cosmos-based L1 with native financial primitives. iAssets: perpetual futures (not spot tokens) linked to public equities (Big Seven, Circle, SharpLink Gaming) and indexes, traded via Helix DEX. $5.3B+ cumulative RWA perpetuals volume (October 2026). Up to 25x leverage. Oracle-based pricing (does not custody underlying shares). Native USDC launched May 2026 with cross-chain protocol. Volan upgrade added dedicated RWA module. Affiliate Injective Institutional Services became an SEC-registered transfer agent in August 2026 (Form TA-1, file 084-07096). KAIO deployed tokenized BlackRock and Brevan Howard funds.

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries
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Connections

Who they build with, build on, integrate with.

Tension

Direct competition or overlapping market position.