Injective’s tokenized $SBET brings Sharplink’s $1.3bn ETH treasury exposure on-chain
By Reel Coverage Jul 26, 2025
Injective announced the launch of SBET onchain, marking the first ever tokenized digital assets treasury (DAT) on July 24.
Through a blog post, shared to X, Injective disclosed bringing Sharplink's stock, SBET, on-chain, offering native users exposure to the company's growing Ether (ETH) treasury.
Digital assets treasuries (DAT) offer meaningful economic exposure to corporate or institutional onchain reserves of cryptocurrencies or assets.
Injective's SBET offers tokenized exposure to Sharplink's 360,807 ETH treasury, valued at approximately $1.34 billion (bn) at the time of writing.
In its July 24 announcement, Injective highlights strong use-cases for tokenized digital assets treasuries such as SBET, noting that the tokenized equity not only offers on-chain price exposure to Sharplink's $2.2bn market cap stock with $1.34bn ETH corporate holdings, but also transforms a static corporate Ether reserve into a living, yield bearing onchain instrument.
Built using Injective’s novel iAssets framework, reportedly designed to enable the creation of real world assets (RWAs) with day one utility.
The tokenized SBET DAT, unlike simple wrapped tokens or on-chain derivatives, is enabled with native programmability, governance hooks, integrated liquidity and cross protocol composability.
According to Injective, this gives holders access to staking yield, real time trading and potential use as collateral in DeFi strategies.
As of the time of writing, SBET appears tradable on Helixapp, as a perpetual contract.
