Key points:
- 21Shares has launched AINJ, allowing users to stake INJ tokens and earn staking rewards on major exchanges.
- With cryptocurrency partnerships and over $3 billion in assets under management, 21Shares is a testament to AINJ’s credibility.
The 21Shares AINJ ETP offers INJ exposure on major financial markets, allowing you to stake for rewards. It is backed by INJ in cold storage, making it efficient and accessible.
21Shares has just launched AINJ, an exchange-traded injectable staking product that will allow users to gain exposure to INJ on some of the largest traditional financial exchanges and brokerages while staking their INJ and earning staking rewards.
Launch of 21Shares AINJ ETP
With years of experience in the industry, 21Shares has partnered with leading crypto projects and has been a pillar in the very close collaboration to launch the first Bitcoin ETF with Cathie Wood’s Ark Invest. This offering has over $3 billion in assets under management, proving that 21Shares has a reputation for quality and reliability.
The launch of AINJ is a turning point for institutional adoption. Its rules are binding, its offerings are transparent, and it paves the way for high-profile players in Injective.
The regulated and transparent product makes institutional participation fairly simple and enjoys growing support from several leading traditional financial exchanges and brokerages: Interactive Brokers, Saxo Bank, Swissquote and eToro.
Read more: Chainbase Series A Funding Secures $15M Led by Tencent Investment
The Importance and Innovativeness of AINJ ETP
With a limited number of crypto assets linked to ETPs worldwide, the introduction of AINJ highlights its importance and innovation. It joins an exclusive list of offerings that provide institutional and individual participants with access to the digital asset landscape.
According to the announcement, the AINJ ETP is 100% backed by the underlying INJ and is held in cold storage through an institutional custodian. This structure allows for direct access to the asset, thereby reducing transaction costs.
In addition, trading AINJ on stock exchanges is convenient and efficient, making it accessible to many investors.
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