TLDR:
- Injective launches $SBET to bring $1B in staked ETH into onchain DeFi markets.
- SharpLink’s Ethereum treasury becomes tradable and yield-bearing through $SBET.
- DAT model turns static corporate reserves into dynamic programmable assets.
- $SBET supports staking, trading, and DeFi use from the moment of launch.
Injective has rolled out its first on-chain Digital Asset Treasury (DAT). The debut kicks off with SharpLink Gaming’s $SBET, giving holders access to over $1 billion worth of staked Ethereum. This marks a new phase where corporate treasuries move on-chain with full programmability and real-time DeFi utility.
The shift pushes tokenized reserves from static storage into dynamic digital finance.
Injective introduced the DAT model using its iAssets framework, designed to tokenize real assets like Ethereum into yield-generating digital tokens. $SBET now serves as a live representation of SharpLink’s Ethereum treasury on-chain.
The first onchain Digital Asset Treasury (DAT) company is anow live on Injective starting with SharpLink Gaming’s $SBET, the largest $ETH treasury company.
A quick summary of what this means and why it matters:
💡What's a DAT?
A digital asset treasury token represents… pic.twitter.com/ch8cNhsTxV
— Injective 🥷 (@injective) July 25, 2025
These tokens are backed one-to-one by actual ETH reserves and come ready with governance tools, liquidity access, and programmable features from the start.
According to Injective, this setup lets companies like SharpLink unlock capital efficiency in ways that didn’t exist before. Unlike traditional financial systems, DATs skip intermediaries and offer immediate access to collateral, trading, and staking strategies.
$SBET Unlocks Over $1B in Staked ETH for DeFi Use
In recent weeks, SharpLink Gaming acquired an additional 176,270 ETH, pushing its total Ethereum holdings past $1 billion. All of it is staked. With $SBET, these reserves are now available on-chain and can be used across Injective’s DeFi ecosystem.
Instead of sitting idle, SharpLink’s ETH is now part of a programmable treasury structure. That gives $SBET holders exposure to staking yields and real-time liquidity. CryptoBusy, a crypto analytics platform, described this as the start of a new onchain asset class for corporate treasuries.
Treasury management is being rewritten onchain through @injective
With DATs live on Injective, companies like $SBET can tokenize $ETH reserves, issue programmable treasury assets, and unlock new capital efficiency.
A new asset class is forming, and it starts here.
— CryptoBusy (@CryptoBusy) July 25, 2025
Injective’s iAssets model goes beyond wrapping tokens. Each DAT has built-in support for lending, margin trading, derivatives, and cross-protocol use. This means a token like $SBET can be actively traded, used as DeFi collateral, or built into structured products, right from the moment it launches.
It mirrors what Injective earlier achieved with onchain Nvidia stock, which supports 24/7 trading and leverage. Now, the same infrastructure applies to Ethereum treasuries. The result is a more efficient, liquid, and transparent system for corporate asset management.
Injective Bridges Corporate Reserves and DeFi Access
With $SBET now live, Injective is showing how corporate funds can operate directly on blockchain rails. By combining Ethereum holdings, staking yield, and decentralized access, DATs shift the way businesses think about reserves.
Anyone can now trade or stake $SBET, tying into real-world ETH without centralized barriers. As new DATs follow, Injective positions itself at the center of this onchain treasury transformation.