The first onchain Digital Asset Treasury (DAT) company is anow live on Injective starting with SharpLink Gamingâs $SBET, the largest $ETH treasury company.
A quick summary of what this means and why it matters:
đĄWhat's a DAT?
A digital asset treasury token represents ownership in onchain reserves of digital assets such as $ETH or $BTC held by a corporate or institutional entity.
These tokens are typically backed 1:1 by their underlying assets and preserve full economic exposure while enabling blockchain native benefits. In the case of $SBET, it provides transparent exposure to @SharpLinkGaming's growing Ethereum treasury.
âïž How does it work?
Built using Injective's innovative iAssets framework, $SBET transforms static corporate Ethereum reserves into dynamic, yield-generating assets that are programmable from day one.
Unlike simple wrappers, iAssets launch with native programmability, governance hooks, integrated liquidity and cross protocol composability. This architecture powered the earlier release of onchain Nvidia stock with 24 hour trading, margin, and derivatives support. With SBET, Injective applies the same capabilities to digital asset treasuries, giving holders access to staking yield, real time trading and use as collateral in DeFi strategies.
đ Why is onchain SBET a big deal?
Over the past month, SharpLink has acquired an additional 176,270 ETH, valued at approximately 463 million dollars, bringing its total holdings to over 1 billion dollars worth of ETH, all of which is staked to generate additional yield.
Bringing a digital asset treasury stock such as SBET unlocks a fundamentally new model for how markets can work. From the very first day of issuance it can be deployed across lending markets, used as collateral, incorporated into derivatives, or embedded into entirely new structured products without the capital inefficiencies or settlement delays that exist in traditional finance.
âĄïžThe future of onchain DATs
$SBET offers transparent, direct exposure to SharpLink Gamingâs massive (now over $1B) staked Ethereum treasury, unlocking real-time trading, DeFi utility, and staking yield for holders.
Following major $ETH acquisitions and a surge in both $ETH price and $SBET's stock, Injective is demonstrating how programmable onchain treasuries can boost liquidity and drive innovation throughout its ecosystem. By bridging corporate finance and DeFi, Injective enables anyone, anywhere, to trade, stake, or build with these new digital asset instruments with no intermediaries required.
Injective is innovating at the frontier of finance. The future starts on Injective.

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